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
FRANKLIN County
in Congressional District 3
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
15 |
$1,129,355.00 |
$75,290.33 |
$72,500.00 |
|
01/2007 06/2007 |
12 |
$849,836.00 |
$70,819.67 |
$72,125.00 |
|
Total FY2007 |
27 |
$1,979,191.00 |
$73,014.50 |
$72,312.50 |
|
Loan Cancellation Rate Total FY2007: |
18.2% |
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 |
|
BancorpSouth, Fort Smith, AR |
0 |
$0.00 |
1 |
$65,467.00 |
1 |
$65,467.00 |
|
Priority Bank, Ozark, AR |
13 |
$1,015,325.00 |
8 |
$551,934.00 |
21 |
$1,567,259.00 |
|
Simmons First Bank, Russellville, AR |
1 |
$71,400.00 |
0 |
$0.00 |
1 |
$71,400.00 |
|
Simmons First Mortgage of Little Rock, Fort Smith, AR |
1 |
$42,630.00 |
3 |
$232,435.00 |
4 |
$275,065.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
12 |
$885,925.00 |
|
01/2007 06/2007 |
11 |
$752,036.00 |
|
|
Total FY2007 |
23 |
$1,637,961.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
3 |
$243,430.00 |
|
01/2007 06/2007 |
1 |
$97,800.00 |
|
|
Total FY2007 |
4 |
$341,230.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
1 |
$42,630.00 |
|
01/2007 06/2007 |
4 |
$255,166.00 |
|
|
Total FY2007 |
5 |
$297,796.00 |
|
|
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 |
14 |
$1,086,725.00 |
|
01/2007 06/2007 |
8 |
$594,670.00 |
|
|
Total FY2007 |
22 |
$1,681,395.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
15 |
$1,129,355.00 |
100.0% |
$31,484.61 |
$26,091.12 |
|
01/2007 06/2007 |
12 |
$849,836.00 |
100.0% |
$36,564.30 |
$36,815.04 |
|
|
Total FY2007 |
27 |
$1,979,191.00 |
100.0% |
$34,024.46 |
$31,453.08 |
|
|
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 |
7 |
46.7% |
|
01/2007 06/2007 |
9 |
75.0% |
|
|
Total FY2007 |
16 |
59.3% |
|
|
Female |
07/2006 12/2006 |
5 |
33.3% |
|
01/2007 06/2007 |
3 |
25.0% |
|
|
Total FY2007 |
8 |
29.6% |
|
|
Unknown |
07/2006 12/2006 |
3 |
20.0% |
|
01/2007 6/2007 |
0 |
0.0% |
|
|
Total FY2007 |
3 |
11.1% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
6 |
40.0% |
|
01/2007 06/2007 |
5 |
41.7% |
|
|
Total FY2007 |
11 |
40.7% |
|
|
23 to 30 |
07/2006 - 12/2006 |
7 |
46.6% |
|
01/2007 06/2007 |
2 |
16.7% |
|
|
Total FY2007 |
9 |
33.3% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
2 |
16.5% |
|
|
Total FY2007 |
2 |
7.4% |
|
|
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 |
2 |
13.3% |
|
01/2007 06/2007 |
2 |
16.7% |
|
|
Total FY2007 |
4 |
14.8% |
|
|
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 |
1 |
8.3% |
|
|
Total FY2007 |
1 |
3.7% |
|
|
Average Age |
07/2006 12/2006 |
28.6 |
|
|
01/2007 06/2007 |
33.3 |
||
|
Total FY2007 |
31.0 |
|
Average Household Size |
07/2006 12/2006 |
2.3 |
|
01/2007 06/2007 |
2.4 |
|
|
Total FY2007 |
2.4 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
0 |
$0.00 |
$0.00 |
0.0% |
|
01/2007 06/2007 |
3 |
$13,800.00 |
$4,600.00 |
25.0% |
|
Total FY2007 |
3 |
$13,800.,00 |
$4,600.00 |
11.1% |
|
Loan Cancellation - Total FY2007: |
0.0% |
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 |
|
Universal Housing Development |
0 |
$0.00 |
2 |
$8,800.00 |
||