REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2007: July 1, 2006 June 30, 2007
1st Half of FY2007 = July 1, 2006 December 31, 2006
2nd Half of FY2007 = January 1, 2007 June 30, 2007
BAXTER County
in Congressional District 1
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
6 |
$494,236.00 |
$82,372.67 |
$86,616.00 |
|
01/2007 06/2007 |
6 |
$653,885.00 |
$108,980.83 |
$105,640.00 |
|
Total FY2007 |
12 |
$1,148,121.00 |
$95,676.75 |
$96,128.00 |
|
Loan Cancellation Rate Total FY2007: |
20.0% |
Loans by Originator / Branch
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
ORIGINATOR / BRANCH |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
1st National Bank and Trust, Mountain Home, AR |
2 |
$182,716.00 |
2 |
$181,625.00 |
4 |
$364,341.00 |
|
Arvest Mortgage Company, Lowell, AR |
1 |
$82,416.00 |
0 |
$0.00 |
1 |
$82,416.00 |
|
Bank of the Ozarks, Little Rock, AR |
3 |
$229,104.00 |
4 |
$472,260.00 |
7 |
$701,364.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
6 |
$494,236.00 |
|
01/2007 06/2007 |
3 |
$269,205.00 |
|
|
Total FY2007 |
9 |
$763,441.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
3 |
$384,680.00 |
|
|
Total FY2007 |
3 |
$384,680.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
VA |
07/2006 12/2006 |
2 |
$169,534.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
2 |
$169,534.00 |
|
|
Conventional |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
Rural Development |
07/2006 12/2006 |
4 |
$324,702.00 |
|
01/2007 06/2007 |
6 |
$653,885.00 |
|
|
Total FY2007 |
10 |
$978,587.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
6 |
$494,236.00 |
100.0% |
$29,431.76 |
$26,515.08 |
|
01/2007 06/2007 |
6 |
$653,885.00 |
100.0% |
$37,941.96 |
$41,100.30 |
|
|
Total FY2007 |
12 |
$1,148,121.00 |
100.0% |
$33,686.86 |
$33,807.69 |
|
|
Minority |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
5 |
83.3% |
|
01/2007 06/2007 |
5 |
83.3% |
|
|
Total FY2007 |
10 |
83.3% |
|
|
Female |
07/2006 12/2006 |
1 |
16.7% |
|
01/2007 06/2007 |
1 |
16.7% |
|
|
Total FY2007 |
2 |
16.7% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
1 |
16.7% |
|
01/2007 06/2007 |
1 |
16.7% |
|
|
Total FY2007 |
2 |
16.7% |
|
|
23 to 30 |
07/2006 - 12/2006 |
3 |
50.0% |
|
01/2007 06/2007 |
4 |
66.6% |
|
|
Total FY2007 |
7 |
58.3% |
|
|
31 to 40 |
07/2006 12/2006 |
2 |
33.3% |
|
01/2007 06/2007 |
1 |
16.7% |
|
|
Total FY2007 |
3 |
25.0% |
|
|
41 to 50 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
61 to 70 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
71+ |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
Average Age |
07/2006 12/2006 |
27.0 |
|
|
01/2007 06/2007 |
26.5 |
||
|
Total FY2007 |
26.8 |
|
Average Household Size |
07/2006 12/2006 |
2.2 |
|
01/2007 06/2007 |
2.0 |
|
|
Total FY2007 |
2.1 |
Down Payment Assistance Program (DPA)
No Down Payment Assistance Program Activity FY2007
American Dream Downpayment Initiative (ADDI) Program
No American Dream Downpayment Initiative Program Activity FY2007
|
TOTAL HOMEOWNERSHIP: |
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
$494,236.00 |
$653,885.00 |
$1,148,121.00 |
HOUSING PRODUCTION (HP)
Program Partners:
N/A
HOME Allocations / Board Approvals by Type
No Home Program Activity FY2007
Low Income Housing Tax Credits / Board Approvals (only one round per fiscal year)
No LIHTC Program Activity FY2007
Multifamily Housing Bonds
No Multifamily Housing Bond Activity FY2007
|
TOTAL HOUSING PRODUCTION: |
|
||
|
07/2006 12/2006 |
01/2007 06/2007 |
Total FY2007 |
|
|
$0.00 |
$0.00 |
$0.00 |
|
DEVELOPMENT FINANCE
|
Program |
Time Period |
No. Projects |
Project Amount |
Average Project Amount |
|
Bond Guaranty |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
$0.00 |
|
|
Higher Education Facilities |
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
1 |