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
CRAIGHEAD 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 |
7 |
$610,817.00 |
$87,259.57 |
$85,163.00 |
|
01/2007 06/2007 |
4 |
$321,177.00 |
$80,294.25 |
$81,086.50 |
|
Total FY2007 |
11 |
$931,994.00 |
$84,726.73 |
$83,124.75 |
|
Loan Cancellation Rate Total FY2007: |
26.7% |
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 Home Mortgage, Inc., Jonesboro, AR |
2 |
$169,581.00 |
0 |
$0.00 |
2 |
$169,581.00 |
|
First Financial Bank, Jonesboro, AR |
1 |
$83,836.00 |
3 |
$223,777.00 |
4 |
$307,613.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
1 |
$102,667.00 |
0 |
$0.00 |
1 |
$102,667.00 |
|
Regions Mortgage, Inc., Little Rock, AR |
2 |
$173,280.00 |
1 |
$97,400.00 |
3 |
$270,680.00 |
|
Simmons 1st Bank, Jonesboro, AR |
1 |
$81,453.00 |
0 |
$0.00 |
1 |
$81,453.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
6 |
$506,736.00 |
|
01/2007 06/2007 |
4 |
$321,177.00 |
|
|
Total FY2007 |
10 |
$827,913.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
1 |
$104,081.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$104,081.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
5 |
$441,236.00 |
|
01/2007 06/2007 |
3 |
$232,845.00 |
|
|
Total FY2007 |
8 |
$674,081.00 |
|
|
VA |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
|
|
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 |
2 |
$169,581.00 |
|
01/2007 06/2007 |
1 |
$88,332.00 |
|
|
Total FY2007 |
3 |
$257,913.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
5 |
$418,619.00 |
71.4% |
$40,512.70 |
$40,512.70 |
|
01/2007 06/2007 |
4 |
$321,177.00 |
100.0% |
$41,790.51 |
$42,323.70 |
|
|
Total FY2007 |
9 |
$739,796.00 |
81.8% |
$41,151.61 |
$41,418.20 |
|
|
Minority |
07/2006 12/2006 |
2 |
$192,198.00 |
28.6% |
$39,315.48 |
$39,315.48 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
2 |
$192,198.00 |
18.2% |
$39,315.48 |
$39,315.48 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
7 |
100.0% |
|
01/2007 06/2007 |
3 |
66.7% |
|
|
Total FY2007 |
10 |
90.9% |
|
|
Female |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
13.3% |
|
|
Total FY2007 |
1 |
9.1% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
5 |
71.4% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
6 |
54.5% |
|
|
23 to 30 |
07/2006 - 12/2006 |
2 |
28.6% |
|
01/2007 06/2007 |
2 |
50.0% |
|
|
Total FY2007 |
4 |
36.4% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
1 |
9.1% |
|
|
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 |
22.7 |
|
|
01/2007 06/2007 |
27.3 |
||
|
Total FY2007 |
25.0 |
|
Average Household Size |
07/2006 12/2006 |
1.9 |
|
01/2007 06/2007 |
2.5 |
|
|
Total FY2007 |
2.2 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
4 |
$11,365.00 |
$2,841.25 |
57.1% |
|
01/2007 06/2007 |
1 |
$5,000.00 |
$5,000.00 |
25.0% |
|
Total FY2007 |
5 |
$16,365.00 |
$3,273.00 |
45.5% |
|
Loan Cancellation - Total FY2007: |
37.5% |
Loans by Homebuyer Counselor
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||
|
HOMEBUYER COUNSELOR |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
NO. LOANS |
DOLLAR AMOUNT |
|
Mississippi County EOC |
1 |
$2,090.00 |
0 |
$0.00 |
1 |
$2,090.00 |
|
Legal Aid of Arkansas |
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