Premium Capital Funding Llc
Mortgage Loan Application
Totals and Details
for 2008

Mortgage Company & Address Premium Capital Funding Llc
125 Jericho Tpke
Jericho, NY 11753
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 7,445
Total Mortgage Loan Application Amount $1,606,516,000
Average Mortgage Loan Application Amount $164,965
Highest Mortgage Loan Application Amount $4,620,000
Average Applicant Income $59,208
Highest Applicant Income $3,029,000
Download the New York Lender List

Mortgage Loan Application Detail Totals for Premium Capital Funding Llc in 2008

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 6,457 $1,335,641,000 $206,000 $4,620,000 $67,000 $1,226,000
Home Purchase 912 $254,941,000 $279,000 $1,650,000 $105,000 $3,029,000
Home Improvement 76 $15,934,000 $209,000 $475,000 $70,000 $176,000

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
White 2,841 $601,655,000 $211,000 $4,620,000 $74,000 $1,226,000
Not Provided 2,751 $580,936,000 $211,000 $1,929,000 $68,000 $3,029,000
Black or African American 1,296 $274,495,000 $211,000 $1,250,000 $67,000 $634,000
Hispanic 449 $119,731,000 $266,000 $1,226,000 $79,000 $856,000
Asian 75 $21,787,000 $290,000 $704,000 $102,000 $304,000
American Indian or Alaskan Native 19 $3,878,000 $204,000 $412,000 $74,000 $223,000
Native Hawaiin or Other Pacific Islander 14 $4,034,000 $288,000 $730,000 $85,000 $232,000
Not applicable 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
FHA-insured (Federal Housing Administration) 5,933 $1,219,026,000 $205,000 $1,929,000 $63,000 $983,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,512 $387,490,000 $256,000 $4,620,000 $102,000 $3,029,000
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

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 4,457 $919,234,000 $206,000 $738,000 $68,000 $776,000
Application Denied By Financial Institution 1,608 $353,587,000 $219,000 $1,929,000 $69,000 $983,000
Application Approved But Not Accepted 1,094 $248,981,000 $227,000 $1,650,000 $79,000 $908,000
Application Withdrawn By Applicant 257 $77,694,000 $302,000 $4,620,000 $112,000 $3,029,000
File Closed For Incompleteness 28 $6,730,000 $240,000 $840,000 $80,000 $284,000
Loan Purchased By The Institution 1 $290,000 $290,000 $290,000 $102,000 $102,000
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 397 $90,523,000 $228,000 $1,000,000 $76,000 $438,000
Credit History 302 $56,982,000 $188,000 $571,000 $63,000 $856,000
Debt-To-Income Ratio 222 $56,039,000 $252,000 $1,929,000 $63,000 $983,000
Collateral 151 $29,290,000 $193,000 $594,000 $69,000 $329,000
Unverifiable Information 43 $10,788,000 $250,000 $617,000 $78,000 $198,000
Insufficient Cash (Downpayment, Closing Cost) 42 $9,595,000 $228,000 $434,000 $70,000 $174,000
Employment History 12 $2,670,000 $222,000 $645,000 $56,000 $113,000
Credit Application Incomplete 6 $1,102,000 $183,000 $246,000 $58,000 $80,000
Mortgage Insurance Denied 4 $1,247,000 $311,000 $412,000 $80,000 $115,000
Download the New York Lender List