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
SCOTT 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 |
3 |
$244,880.00 |
$81,626.67 |
$81,500.00 |
|
01/2007 06/2007 |
4 |
$260,050.00 |
$65,012.50 |
$68,000.00 |
|
Total FY2007 |
7 |
$504,930.00 |
$72,132.86 |
$74,750.00 |
|
Loan Cancellation Rate Total FY2007: |
12.5% |
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 National Bank, Paris, AR |
3 |
$244,880.00 |
2 |
$148,700.00 |
5 |
$393,580.00 |
|
First Western Mortgage, Inc., Rogers, AR |
0 |
$0.00 |
1 |
$68,000.00 |
1 |
$68,000.00 |
|
Liberty Bank of Arkansas, Russellville, AR |
0 |
$0.00 |
1 |
$43,350.00 |
1 |
$43,350.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
3 |
$244,880.00 |
|
01/2007 06/2007 |
4 |
$260,050.00 |
|
|
Total FY2007 |
7 |
$504,930.00 |
|
|
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 |
$77,880.00 |
|
01/2007 06/2007 |
1 |
$68,000.00 |
|
|
Total FY2007 |
2 |
$145,880.00 |
|
|
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 |
$85,500.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
1 |
$85,500.00 |
|
|
Rural Development |
07/2006 12/2006 |
1 |
$81,500.00 |
|
01/2007 06/2007 |
3 |
$192,050.00 |
|
|
Total FY2007 |
4 |
$273,550.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
2 |
$159,880.00 |
66.7% |
$39,104.10 |
$39,104.10 |
|
01/2007 06/2007 |
4 |
$260,050.00 |
100.0% |
$44,170.52 |
$46,404.00 |
|
|
Total FY2007 |
6 |
$419,930.00 |
85.7% |
$41,637.31 |
$42,754.05 |
|
|
Minority |
07/2006 12/2006 |
1 |
$85,000.00 |
33.3% |
$39,851.76 |
$39,851.76 |
|
01/2007 06/2007 |
0 |
$0.00 |
0.0% |
$0.00 |
$0.00 |
|
|
Total FY2007 |
1 |
$85,000.00 |
14.2% |
$39,851.76 |
$39,851.76 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
2 |
66.7% |
|
01/2007 06/2007 |
3 |
75.0% |
|
|
Total FY2007 |
5 |
71.4% |
|
|
Female |
07/2006 12/2006 |
1 |
33.3% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
2 |
28.6% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
0 |
0.0% |
|
|
23 to 30 |
07/2006 - 12/2006 |
1 |
33.3% |
|
01/2007 06/2007 |
1 |
25.0% |
|
|
Total FY2007 |
2 |
28.5% |
|
|
31 to 40 |
07/2006 12/2006 |
0 |
0.0% |
|
01/2007 06/2007 |
3 |
75.0% |
|
|
Total FY2007 |
3 |
42.9% |
|
|
41 to 50 |
07/2006 12/2006 |
2 |
66.7% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
28.5% |
|
|
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 |
41.0 |
|
|
01/2007 06/2007 |
32.7 |
||
|
Total FY2007 |
36.9 |
|
Average Household Size |
07/2006 12/2006 |
3.0 |
|
01/2007 06/2007 |
3.7 |
|
|
Total FY2007 |
3.4 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
1 |
$5,485.00 |
$5,485.00 |
33.3% |
|
01/2007 06/2007 |
1 |
$2,064.00 |
$2,064.00 |
25.0% |
|
Total FY2007 |
2 |
$7,549.00 |
$3,774.50 |
28.6% |
|
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 |
|
Crawford Sebastian CDC |
1 |
$5,485.00 |
1 |
$2,064.00 |
2 |
$7,549.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
1 |
$5,485.00 |
|
01/2007 06/2007 |
1 |
$2,064.00 |
|
|
Total FY2007 |
2 |
$7,549.00 |
|
|
New or Proposed Construction |