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
lonoke 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 |
4 |
$380,544.00 |
$95,136.00 |
$92,596.50 |
|
01/2007 06/2007 |
7 |
$744,247.00 |
$106,321.00 |
$108,400.00 |
|
Total FY2007 |
11 |
$1,124,791.00 |
$102,253.73 |
$100,498.25 |
|
Loan Cancellation Rate Total FY2007: |
35.3% |
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 Security, Searcy, AR |
2 |
$195,351.00 |
0 |
$0.00 |
2 |
$195,351.00 |
|
BancorpSouth, Fort Smith, AR |
1 |
$79,132.00 |
0 |
$0.00 |
1 |
$79,132.00 |
|
Bank of Little Rock Mortgage, North Little Rock, AR |
0 |
$0.00 |
1 |
$84,150.00 |
1 |
$84,150.00 |
|
Bank of the Ozarks, Little Rock, AR |
0 |
$0.00 |
3 |
$358,084.00 |
3 |
$358,084.00 |
|
Metropolitan National Bank, Little Rock, AR |
1 |
$106,061.00 |
1 |
$96,735.00 |
2 |
$202,796.00 |
|
Pulaski Mortgage Company, Conway, AR |
0 |
$0.00 |
1 |
$109,777.00 |
1 |
$109,777.00 |
|
Regions Mortgage, Inc, Little Rock, AR |
0 |
$0.00 |
1 |
$95,501.00 |
1 |
$95,501.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
3 |
$256,943.00 |
|
01/2007 06/2007 |
2 |
$208,979.00 |
|
|
Total FY2007 |
5 |
$465,922.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
1 |
$123,601.00 |
|
01/2007 06/2007 |
5 |
$535,268.00 |
|
|
Total FY2007 |
6 |
$658,869.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
1 |
$106,061.00 |
|
01/2007 06/2007 |
4 |
$410,413.00 |
|
|
Total FY2007 |
5 |
$516,474.00 |
|
|
VA |
07/2006 12/2006 |
1 |
$123,601.00 |
|
01/2007 - 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$123,601.00 |
|
|
Conventional |
07/2006 12/2006 |
0 |
$0.00 |
|
01/2007 06/2007 |
1 |
$84,150.00 |
|
|
Total FY2007 |
1 |
$84,150.00 |
|
|
Rural Development |
07/2006 12/2006 |
2 |
$150,882.00 |
|
01/2007 06/2007 |
2 |
$249,684.00 |
|
|
Total FY2007 |
4 |
$400,566.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
4 |
$380,544.00 |
100.0% |
$45,704.22 |
$46,850.10 |
|
01/2007 06/2007 |
7 |
$744,247.00 |
100.0% |
$41,044.10 |
$43,079.16 |
|
|
Total FY2007 |
11 |
$1,124,791.00 |
100.0% |
$43,374.16 |
$44,964.63 |
|
|
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 |
4 |
100.0% |
|
01/2007 06/2007 |
5 |
71.4% |
|
|
Total FY2007 |
9 |
81.8% |
|
|
Female |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
2 |
28.6% |
|
|
Total FY2007 |
2 |
18.2% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
14.3% |
|
|
Total FY2007 |
1 |
9.1% |
|
|
23 to 30 |
07/2006 - 12/2006 |
3 |
75.0% |
|
01/2007 06/2007 |
4 |
57.1% |
|
|
Total FY2007 |
7 |
63.6% |
|
|
31 to 40 |
07/2006 12/2006 |
1 |
25.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
9.1% |
|
|
41 to 50 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
14.3% |
|
|
Total FY2007 |
1 |
9.1% |
|
|
51 to 60 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
1 |
14.3% |
|
|
Total FY2007 |
1 |
9.1% |
|
|
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 |
26.8 |
|
|
01/2007 06/2007 |
32.6 |
||
|
Total FY2007 |
29.7 |
|
Average Household Size |
07/2006 12/2006 |
3.0 |
|
01/2007 06/2007 |
2.0 |
|
|
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 |
$4,000.00 |
$4,000.00 |
25.0% |
|
01/2007 06/2007 |
3 |
$8,054.00 |
$2,684.67 |
42.9% |
|
Total FY2007 |
4 |
$12,054.00 |
$3,013.50 |
36.4% |
|
Loan Cancellation - Total FY2007: |
33.3% |
Loans by Homebuyer Counselor
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
|||