AllMortgageDetail - Mortgage Application Details

1St Republic Mortgage Bankers
Mortgage Loan Application
Totals and Details
for 2006

Download the entire list of lenders located in New York to a Spreadsheet or Other File Type
Mortgage Company & Address 1St Republic Mortgage Bankers
110 Jericho Turnpike Suite 200
Floral Park, NY 11001
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,395
Total Mortgage Loan Application Amount $410,351,000
Average Mortgage Loan Application Amount $237,490
Highest Mortgage Loan Application Amount $1,398,000
Average Applicant Income $79,000
Highest Applicant Income $912,000

Mortgage Loan Application Detail Totals for 1St Republic Mortgage Bankers in 2006

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 805 $245,524,000 $304,000 $1,000,000 $77,000 $600,000
Home Purchase 533 $147,348,000 $276,000 $1,398,000 $97,000 $912,000
Home Improvement 57 $17,479,000 $306,000 $536,000 $70,000 $164,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Black or African American 1,059 $310,260,000 $292,000 $772,000 $82,000 $333,000
Asian 166 $45,848,000 $276,000 $825,000 $87,000 $912,000
Hispanic 115 $34,091,000 $296,000 $648,000 $87,000 $206,000
White 50 $18,484,000 $369,000 $1,398,000 $125,000 $600,000
Native Hawaiin or Other Pacific Islander 5 $1,668,000 $333,000 $380,000 $77,000 $129,000
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,116 $326,215,000 $292,000 $1,398,000 $84,000 $912,000
FHA-insured (Federal Housing Administration) 275 $83,132,000 $302,000 $598,000 $85,000 $191,000
VA-guaranteed (Veterans Administration) 4 $1,004,000 $251,000 $393,000 $70,000 $96,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 846 $259,457,000 $306,000 $1,398,000 $86,000 $912,000
Application Denied By Financial Institution 224 $61,320,000 $273,000 $656,000 $83,000 $315,000
Application Withdrawn By Applicant 206 $56,218,000 $272,000 $850,000 $81,000 $600,000
Application Approved But Not Accepted 96 $26,293,000 $273,000 $540,000 $79,000 $151,000
File Closed For Incompleteness 23 $7,063,000 $307,000 $476,000 $71,000 $288,000
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Other 17 $4,868,000 $286,000 $639,000 $103,000 $206,000
Debt-To-Income Ratio 12 $3,238,000 $269,000 $440,000 $67,000 $111,000
Collateral 10 $2,823,000 $282,000 $575,000 $79,000 $164,000
Credit History 8 $2,824,000 $353,000 $570,000 $80,000 $150,000
Insufficient Cash (Downpayment, Closing Cost) 1 $391,000 $391,000 $391,000 $162,000 $162,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0