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
JEFFERSON County
in Congressional District 4
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
27 |
$1,652,087.00 |
$61,188.41 |
$56,028.00 |
|
01/2007 06/2007 |
28 |
$1,974,545.00 |
$70,519.46 |
$65,733.50 |
|
Total FY2007 |
55 |
$3,626,632.00 |
$65,938.76 |
$60,880.75 |
|
Loan Cancellation Rate Total FY2007: |
9.8% |
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 |
|
Bank of Little Rock Mortgage, Benton, AR |
0 |
$0.00 |
1 |
$95,000.00 |
1 |
$95,000.00 |
|
Bank of Little Rock Mortgage, North Little Rock, AR |
0 |
$0.00 |
3 |
$251,750.00 |
3 |
$251,750.00 |
|
Simmons First National Bank, Pine Bluff, AR |
27 |
$1,652,087.00 |
24 |
$1,627,795.00 |
51 |
$3,279,882.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
26 |
$1,588,092.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
26 |
$1,588,092.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
1 |
$63,995.00 |
|
01/2007 06/2007 |
28 |
$1,974,545.00 |
|
|
Total FY2007 |
29 |
$2,038,540.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
24 |
$1,415,905.00 |
|
01/2007 06/2007 |
21 |
$1,373,763.00 |
|
|
Total FY2007 |
45 |
$2,789,668.00 |
|
|
VA |
07/2006 12/2006 |
3 |
$236,182.00 |
|
01/2007 - 06/2007 |
2 |
$189,032.00 |
|
|
Total FY2007 |
5 |
$425,214.00 |
|
|
Conventional |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
5 |
$411,750.00 |
|
|
Total FY2007 |
5 |
$411,750.00 |
|
|
Rural Development |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
0 |
$0.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
12 |
$818,603.00 |
44.4% |
$33,068.88 |
$29,914.32 |
|
01/2007 06/2007 |
10 |
$775,656.00 |
35.7% |
$35,282.39 |
$34,683.96 |
|
|
Total FY2007 |
22 |
$1,594,259.00 |
40.0% |
$34,175.64 |
$32,299.14 |
|
|
Minority |
07/2006 12/2006 |
15 |
$833,484.00 |
55.6% |
$38,560.47 |
$36,002.04 |
|
01/2007 06/2007 |
18 |
$1,198,889.00 |
64.3% |
$37,888.47 |
$39,678.78 |
|
|
Total FY2007 |
33 |
$2,032,373.00 |
60.0% |
$38,224.47 |
$37,840.41 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
12 |
44.4% |
|
01/2007 06/2007 |
13 |
46.4% |
|
|
Total FY2007 |
25 |
45.5% |
|
|
Female |
07/2006 12/2006 |
15 |
55.6% |
|
01/2007 06/2007 |
15 |
53.6% |
|
|
Total FY2007 |
30 |
54.5% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
1 |
3.7% |
|
01/2007 06/2007 |
3 |
10.7% |
|
|
Total FY2007 |
4 |
7.3% |
|
|
23 to 30 |
07/2006 - 12/2006 |
8 |
29.6% |
|
01/2007 06/2007 |
12 |
42.9% |
|
|
Total FY2007 |
20 |
36.4% |
|
|
31 to 40 |
07/2006 12/2006 |
7 |
25.9% |
|
01/2007 06/2007 |
5 |
17.9% |
|
|
Total FY2007 |
12 |
21.8% |
|
|
41 to 50 |
07/2006 12/2006 |
6 |
22.2% |
|
01/2007 06/2007 |
5 |
17.9% |
|
|
Total FY2007 |
11 |
20.0% |
|
|
51 to 60 |
07/2006 12/2006 |
3 |
1.3% |
|
01/2007 06/2007 |
2 |
7.1% |
|
|
Total FY2007 |
5 |
9.1% |
|
|
61 to 70 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
3.6% |
|
|
Total FY2007 |
1 |
1.8% |
|
|
71+ |
07/2006 12/2006 |
2 |
0.1% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
3.6% |
|
|
Average Age |
07/2006 12/2006 |
39.0 |
|
|
01/2007 06/2007 |
34.9 |
||
|
Total FY2007 |
37.0 |
|
Average Household Size |
07/2006 12/2006 |
2.3 |
|
01/2007 06/2007 |
2.3 |
|
|
Total FY2007 |
2.3 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
22 |
$66,185.00 |
$3,008.41 |
81.5% |
|
01/2007 06/2007 |
20 |
$73,907.00 |
$3,695.35 |
71.4% |
|
Total FY2007 |
42 |
$140,092.00 |
$3,335.52 |
76.4% |
|
Loan Cancellation - Total FY2007: |
8.7% |
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 |
|
Dream Makers Housing Counseling Agency, Inc. |
22 |
$66,185.00 |
18 |
$69,117.00 |
40 |
$135,302.00 |
|
In Affordable Housing, Inc. |
0 |
$0.00 |
1 |
$1,400.00 |
1 |
$1,400.00 |
|
Southern Good Faith Fund |
0 |
$0.00 |
1 |
$3,390.00 |
1 |
$3,390.00 |