AllMortgageDetail - Mortgage Application Details

Reliance First Capital Llc
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Reliance First Capital Llc
201 Old Country Road Suite 205
Melville, NY 11747
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  
Total Number of Mortgage Applications 35,337
Total Mortgage Loan Application Amount $7,255,279,000
Average Mortgage Loan Application Amount $176,447
Highest Mortgage Loan Application Amount $3,500,000
Average Applicant Income $73,258
Highest Applicant Income $2,400,000

Mortgage Loan Application Detail Totals for Reliance First Capital Llc in 2014

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 24,589 $5,096,691,000 $207,000 $3,500,000 $84,000 $2,062,000
Home Improvement 9,368 $1,926,352,000 $205,000 $1,447,000 $82,000 $2,400,000
Home Purchase 1,380 $232,236,000 $168,000 $1,013,000 $74,000 $1,176,000

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 23,764 $4,899,519,000 $206,000 $3,500,000 $86,000 $2,400,000
Not Provided 4,759 $1,000,433,000 $210,000 $1,745,000 $76,000 $1,884,000
Black or African American 4,111 $753,322,000 $183,000 $1,200,000 $70,000 $1,853,000
Hispanic 1,598 $333,314,000 $208,000 $983,000 $82,000 $1,620,000
Asian 791 $208,866,000 $264,000 $1,300,000 $108,000 $1,800,000
American Indian or Alaskan Native 237 $43,801,000 $184,000 $1,252,000 $70,000 $600,000
Native Hawaiin or Other Pacific Islander 77 $16,024,000 $208,000 $645,000 $76,000 $362,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 20,131 $4,423,686,000 $219,000 $3,500,000 $93,000 $2,400,000
FHA-insured (Federal Housing Administration) 10,583 $1,900,368,000 $179,000 $1,745,000 $67,000 $1,920,000
VA-guaranteed (Veterans Administration) 4,395 $896,114,000 $203,000 $1,560,000 $75,000 $1,980,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 228 $35,111,000 $153,000 $765,000 $53,000 $1,159,000

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
Application Approved But Not Accepted 25,603 $5,345,193,000 $208,000 $3,500,000 $87,000 $2,400,000
Application Denied By Financial Institution 6,453 $1,295,894,000 $200,000 $1,745,000 $69,000 $1,884,000
Loan Originated 3,159 $589,162,000 $186,000 $1,105,000 $80,000 $1,084,000
Application Withdrawn By Applicant 122 $25,030,000 $205,000 $1,170,000 $2,000 $197,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Credit History 2,039 $401,064,000 $196,000 $1,745,000 $74,000 $1,800,000
Collateral 1,751 $340,423,000 $194,000 $1,250,000 $71,000 $1,884,000
Other 894 $182,423,000 $204,000 $860,000 $79,000 $1,584,000
Credit Application Incomplete 559 $105,410,000 $188,000 $902,000 $70,000 $1,017,000
Debt-To-Income Ratio 550 $121,036,000 $220,000 $1,030,000 $51,000 $287,000
Employment History 462 $103,324,000 $223,000 $850,000 $49,000 $632,000
Unverifiable Information 198 $42,214,000 $213,000 $1,040,000 $46,000 $526,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0