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
JOHNSON 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 |
4 |
$242,712.00 |
$60,678.00 |
$61,606.00 |
|
01/2007 06/2007 |
14 |
$984,855.00 |
$70,346.79 |
$70,537.50 |
|
Total FY2007 |
18 |
$1,227,567.00 |
$68,198.17 |
$66,071.75 |
|
Loan Cancellation Rate Total FY2007: |
25.0% |
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 |
|
Arvest Mortgage Company, Lowell, AR |
0 |
$0.00 |
1 |
$72,699.00 |
1 |
$72,699.00 |
|
Bank of the Ozarks, Little Rock, AR |
0 |
$0.00 |
1 |
$61,200.00 |
1 |
$61,200.00 |
|
First Arkansas Valley Bank, Russellville, AR |
0 |
$0.00 |
2 |
$117,950.00 |
2 |
$117,950.00 |
|
Liberty Bank of Arkansas, Russellville, AR |
0 |
$0.00 |
1 |
$90,000.00 |
1 |
$90,000.00 |
|
Priority Bank, Ozark, AR |
4 |
$242,712.00 |
8 |
$565,006.00 |
12 |
$807,718.00 |
|
River Town Bank, Russellville, AR |
0 |
$0.00 |
1 |
$78,000.00 |
1 |
$78,000.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
4 |
$242,712.00 |
|
01/2007 06/2007 |
14 |
$984,855.00 |
|
|
Total FY2007 |
18 |
$1,227,567.00 |
|
|
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 |
$50,212.00 |
|
01/2007 06/2007 |
3 |
$241,006.00 |
|
|
Total FY2007 |
4 |
$291,218.00 |
|
|
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 |
3 |
$192,500.00 |
|
01/2007 06/2007 |
11 |
$743,849.00 |
|
|
Total FY2007 |
14 |
$936,349.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
4 |
$242,712.00 |
100.0% |
$25,242.87 |
$27,014.94 |
|
01/2007 06/2007 |
13 |
$904,155.00 |
92.9% |
$27,988.88 |
$26,964.00 |
|
|
Total FY2007 |
17 |
$1,146,867.00 |
94.4% |
$26,615.88 |
$26,989.47 |
|
|
Minority |
07/2006 12/2006 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
01/2007 06/2007 |
1 |
$80,700.00 |
7.1% |
$21,519.24 |
$21,519.24 |
|
|
Total FY2007 |
1 |
$80,700.00 |
5.6% |
$21,519.24 |
$21,519.24 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
3 |
75.0% |
|
01/2007 06/2007 |
11 |
78.6% |
|
|
Total FY2007 |
14 |
77.8% |
|
|
Female |
07/2006 12/2006 |
1 |
25.0% |
|
01/2007 06/2007 |
3 |
21.4% |
|
|
Total FY2007 |
4 |
22.2% |
|
|
Total FY2007 |
0 |
0.0% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
3 |
75.0% |
|
01/2007 06/2007 |
6 |
42.9% |
|
|
Total FY2007 |
9 |
50.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
3 |
21.4% |
|
|
Total FY2007 |
3 |
16.7% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
2 |
14.2% |
|
|
Total FY2007 |
2 |
11.1% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
25.0% |
|
01/2007 06/2007 |
1 |
7.1% |
|
|
Total FY2007 |
2 |
11.1% |
|
|
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 |
2 |
14.2% |
|
|
Total FY2007 |
2 |
11.1% |
|
|
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 |
25.0 |
|
|
01/2007 06/2007 |
30.9 |
||
|
Total FY2007 |
28.0 |
|
Average Household Size |
07/2006 12/2006 |
2.8 |
|
01/2007 06/2007 |
2.1 |
|
|
Total FY2007 |
2.5 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
1 |
$2,300.00 |
$2,300.00 |
25.0% |
|
01/2007 06/2007 |
4 |
$14,500.00 |
$3,625.00 |
28.6% |
|
Total FY2007 |
5 |
$16,800.00 |
$3,360.00 |
27.8% |
|
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 |
|||