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
CROSS 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 |
8 |
$673,875.00 |
$84,234.38 |
$84,300.00 |
|
01/2007 06/2007 |
4 |
$280,845.00 |
$70,211.25 |
$68,325.00 |
|
Total FY2007 |
12 |
$954,720.00 |
$79,560.00 |
$76,312.50 |
|
Loan Cancellation Rate Total FY2007: |
7.7% |
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 |
|
Pulaski Mortgage Company, Forrest City, AR |
7 |
$626,875.00 |
3 |
$198,000.00 |
10 |
$824,875.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
1 |
$47,000.00 |
0 |
$0.00 |
1 |
$47,000.00 |
|
Regions Mortgage, Inc., Searcy, AR |
0 |
$0.00 |
1 |
$82,845.00 |
1 |
$82,845.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
8 |
$673,875.00 |
|
01/2007 06/2007 |
4 |
$280,845.00 |
|
|
Total FY2007 |
12 |
$954,720.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
1 |
$62,026.00 |
|
01/2007 06/2007 |
1 |
$82,845.00 |
|
|
Total FY2007 |
2 |
$144,871.00 |
|
|
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 |
1 |
$47,000.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$47,000.00 |
|
|
Rural Development |
07/2006 12/2006 |
6 |
$564,849.00 |
|
01/2007 06/2007 |
3 |
$198,000.00 |
|
|
Total FY2007 |
9 |
$762,849.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
7 |
$626,875.00 |
87.5% |
$45,507.09 |
$42,639.96 |
|
01/2007 06/2007 |
4 |
$280,845.00 |
100.0% |
$27,214.38 |
$26,417.52 |
|
|
Total FY2007 |
11 |
$907,720.00 |
91.7% |
$36,360.74 |
$34,528.74 |
|
|
Minority |
07/2006 12/2006 |
1 |
$47,000.00 |
12.5% |
$19,692.00 |
$19,692.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
1 |
$47,000.00 |
8.3% |
$19,692.00 |
$19,692.00 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
8 |
100.0% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
9 |
75.0% |
|
|
Female |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
3 |
75.0% |
|
|
Total FY2007 |
3 |
25.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
1 |
12.5% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
8.3% |
|
|
23 to 30 |
07/2006 - 12/2006 |
6 |
75.0% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
7 |
58.3% |
|
|
31 to 40 |
07/2006 12/2006 |
1 |
12.5% |
|
01/2007 06/2007 |
2 |
50.0% |
|
|
Total FY2007 |
3 |
25.0% |
|
|
41 to 50 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
1 |
8.3% |
|
|
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 |
28.3 |
|
|
01/2007 06/2007 |
36.5 |
||
|
Total FY2007 |
32.4 |
|
Average Household Size |
07/2006 12/2006 |
3.5 |
|
01/2007 06/2007 |
2.8 |
|
|
Total FY2007 |
3.2 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
3 |
$12,403.00 |
$4,134.33 |
37.5% |
|
01/2007 06/2007 |
2 |
$6,950.00 |
$3,475.00 |
50.0% |
|
Total FY2007 |
5 |
$19,353.00 |
$3,870.60 |
41.7% |
|
Loan Cancellation - Total FY2007: |
16.7% |
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 |
3 |
$12,403.00 |
1 |
$4,600.00 |
4 |
$17,003.00 |
|
Argenta Neighborworks Homeownership Center |
0 |
$0.00 |
1 |
$2,350.00 |
1 |
$2,350.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
3 |
$12,403.00 |