Manassas Park City, VA Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 3,560 mortgage applications in Manassas Park City, VA totaling $818.9 million, down 8% from 2005. The average application was for $230,000, and applicants reported an average income of $76,000. 45% of applications resulted in an originated loan and 14% were denied. The most active lender was Ctx Mortgage Company, LLC, with 333 applications, followed by Countrywide Home Loans and Indymac Bank, F.S.B..

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Total Number of Mortgage Applications 3,560
Total Mortgage Loan Application Amount $818,858,000
Average Mortgage Loan Application Amount $230,000
Highest Mortgage Loan Application Amount $1,170,000
Average Applicant Income $76,000
Highest Applicant Income $2,160,000
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Top Mortgage Lenders in Manassas Park City, VA (2006)

Ranked by the number of mortgage applications each lender reported in Manassas Park City, VA in 2006.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Ctx Mortgage Company, LLC
Dallas, TX
333 $66,765,000 $200,000 $91,000
2 Countrywide Home Loans
Westlake Village, CA
208 $57,678,000 $277,000 $88,000
3 Indymac Bank, F.S.B.
Pasadena, CA
150 $35,147,000 $234,000 $44,000
4 Wmc Mortgage Corp.
Burbank, CA
108 $22,986,000 $212,000 $126,000
5 Washington Mutual Bank
Albion, NY
101 $25,604,000 $253,000 $13,000
6 Citimortgage, Inc
New York, NY
98 $16,277,000 $166,000 $93,000
7 JPMorgan Chase Bank, NA
Columbus, OH
90 $17,278,000 $191,000 $25,000
8 Countrywide Bank, N.A.
Pasadena, CA
89 $26,244,000 $294,000 $104,000
9 Aurora Bank FSB
New York, NY
88 $23,441,000 $266,000 $80,000
10 Residential Funding Corp. LLC
Ft. Washington, PA
74 $18,200,000 $245,000 $1,000

See every lender active in Manassas Park City, VA in 2006 »

The tables below break down 2006 mortgage applications in Manassas Park City, VA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Manassas Park City, VA 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 1,751 $444,652,000 $253,000 $685,000 $77,000 $2,160,000
Home Purchase 1,621 $348,424,000 $214,000 $1,170,000 $76,000 $674,000
Home Improvement 188 $25,782,000 $137,000 $470,000 $77,000 $1,118,000

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
Hispanic 1,224 $281,283,000 $229,000 $784,000 $82,000 $850,000
White 892 $204,002,000 $228,000 $1,170,000 $87,000 $1,118,000
Not applicable 539 $123,319,000 $228,000 $685,000 $24,000 $202,000
Not Provided 403 $89,106,000 $221,000 $669,000 $75,000 $480,000
Black or African American 273 $66,625,000 $244,000 $640,000 $97,000 $2,160,000
Asian 209 $49,809,000 $238,000 $655,000 $106,000 $395,000
Native Hawaiian or Other Pacific Islander 11 $2,989,000 $271,000 $508,000 $80,000 $159,000
American Indian or Alaskan Native 9 $1,725,000 $191,000 $360,000 $86,000 $122,000

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) 3,548 $816,347,000 $230,000 $1,170,000 $76,000 $2,160,000
FHA-insured (Federal Housing Administration) 6 $1,188,000 $198,000 $295,000 $82,000 $201,000
VA-guaranteed (Veterans Administration) 5 $1,285,000 $257,000 $411,000 $48,000 $83,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $38,000 $38,000 $38,000 $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 1,592 $353,751,000 $222,000 $643,000 $89,000 $1,118,000
Loan Purchased By The Institution 835 $195,958,000 $234,000 $685,000 $39,000 $293,000
Application Denied By Financial Institution 494 $114,810,000 $232,000 $784,000 $91,000 $2,160,000
Application Withdrawn By Applicant 336 $83,218,000 $247,000 $676,000 $78,000 $564,000
Application Approved But Not Accepted 239 $54,621,000 $228,000 $1,170,000 $90,000 $466,000
File Closed For Incompleteness 64 $16,500,000 $257,000 $485,000 $91,000 $480,000
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
Credit History 79 $17,849,000 $225,000 $612,000 $79,000 $195,000
Debt-To-Income Ratio 78 $15,353,000 $196,000 $655,000 $75,000 $234,000
Other 53 $14,307,000 $269,000 $570,000 $89,000 $213,000
Collateral 38 $8,154,000 $214,000 $520,000 $98,000 $395,000
Credit Application Incomplete 24 $6,273,000 $261,000 $518,000 $91,000 $213,000
Unverifiable Information 24 $6,257,000 $260,000 $580,000 $112,000 $345,000
Insufficient Cash (Downpayment, Closing Cost) 11 $2,479,000 $225,000 $485,000 $91,000 $127,000
Employment History 4 $1,287,000 $321,000 $491,000 $145,000 $180,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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