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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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WESTERN STATES MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERN STATES MORTGAGE |
| Address | 616 120TH AVE NE #C-101
BELLEVUE, WA 98005 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 487 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $126,520,000 |
| Average Mortgage Loan Amount Applied For | $236,807 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $73,615 |
| Highest Applicant Income | $698,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
231 | $56,009,000 |
$242,000 | $1,000,000 |
$78,000 | $476,000 |
| Refinancing |
260 | $71,687,000 |
$275,000 | $3,000,000 |
$101,000 | $698,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
36 | $10,508,000 |
$291,000 | $716,000 |
$61,000 | $392,000 |
| Black or African American |
19 | $4,489,000 |
$236,000 | $863,000 |
$92,000 | $263,000 |
| Hispanic |
8 | $1,410,000 |
$176,000 | $381,000 |
$32,000 | $78,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,828,000 |
$261,000 | $506,000 |
$61,000 | $132,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
76 | $17,656,000 |
$232,000 | $1,000,000 |
$48,000 | $240,000 |
| White |
345 | $91,805,000 |
$266,000 | $3,000,000 |
$104,000 | $698,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
491 | $127,696,000 |
$260,000 | $3,000,000 |
$90,000 | $698,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
31 | $8,856,000 |
$285,000 | $635,000 |
$46,000 | $156,000 |
| Application Denied By Financial Institution |
37 | $8,637,000 |
$233,000 | $686,000 |
$108,000 | $391,000 |
| Application Withdrawn By Applicant |
17 | $2,629,000 |
$154,000 | $640,000 |
$123,000 | $378,000 |
| File Closed For Incompleteness |
9 | $5,453,000 |
$605,000 | $3,000,000 |
$229,000 | $645,000 |
| Loan Originated |
397 | $102,121,000 |
$257,000 | $1,500,000 |
$87,000 | $698,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
6 | $1,780,000 |
$296,000 | $686,000 |
$124,000 | $391,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $1,723,000 |
$215,000 | $493,000 |
$119,000 | $292,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $752,000 |
$376,000 | $650,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $175,000 |
$175,000 | $175,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $1,434,000 |
$286,000 | $534,000 |
$81,000 | $378,000 |
| Unverifiable Information |
3 | $807,000 |
$269,000 | $500,000 |
$181,000 | $234,000 |
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Mortgage Loan App Totals for WESTERN STATES MORTGAGE by:
Metropolitan Area And
County
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