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
yell County
in Congressional District 2
HOMEOWNERSHIP
Home-to-Own (H2O)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
Median Loan Amount |
|
07/2006 12/2006 |
23 |
$1,807,758.00 |
$78,598.17 |
$76,530.00 |
|
01/2007 06/2007 |
8 |
$568,264.00 |
$71,033.00 |
$64,747.00 |
|
Total FY2007 |
31 |
$2,376,022.00 |
$76,645.87 |
$70,638.50 |
|
Loan Cancellation Rate Total FY2007: |
11.4% |
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 |
1 |
$72,500.00 |
0 |
$0.00 |
1 |
$72,500.00 |
|
Bank of Dardanelle, Russellville, AR |
10 |
$707,840.00 |
0 |
$0.00 |
10 |
$707,840.00 |
|
Bank of the Ozarks, Little Rock, AR |
0 |
$0.00 |
2 |
$148,600.00 |
2 |
$148,600.00 |
|
First Arkansas Valley Bank, Russellville, AR |
8 |
$728,793.00 |
3 |
$203,594.00 |
11 |
$932,387.00 |
|
Liberty Bank of Arkansas, Russellville, AR |
0 |
$0.00 |
2 |
$160,000.00 |
2 |
$160,000.00 |
|
River Town Bank, Russellville, AR |
1 |
$49,875.00 |
1 |
$56,070.00 |
2 |
$105,945.00 |
|
Simmons First Bank, Russellville, AR |
3 |
$248,750.00 |
0 |
$0.00 |
3 |
$248,750.00 |
Loans by New / Existing
|
New / Existing |
Time Period |
No. Loans |
Dollar Amount |
|
Existing Construction |
07/2006 12/2006 |
17 |
$1,241,576.00 |
|
01/2007 06/2007 |
8 |
$568,264.00 |
|
|
Total FY2007 |
25 |
$1,809,840.00 |
|
|
New or Proposed Construction |
07/2006 12/2006 |
6 |
$566,182.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
6 |
$566,182.00 |
Loans by Loan Type
|
Loan Type |
Time Period |
No. Loans |
Dollar Amount |
|
FHA |
07/2006 12/2006 |
3 |
$306,623.00 |
|
01/2007 06/2007 |
3 |
$219,294.00 |
|
|
Total FY2007 |
6 |
$525,917.00 |
|
|
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 |
4 |
$246,635.00 |
|
01/2007 06/2007 |
0 |
$0.00 |
|
|
Total FY2007 |
4 |
$246,635.00 |
|
|
Rural Development |
07/2006 12/2006 |
16 |
$1,254,500.00 |
|
01/2007 06/2007 |
5 |
$348,970.00 |
|
|
Total FY2007 |
21 |
$1,603,470.00 |
Borrowers Profile
|
Ethnicity |
Time Period |
No. Loans |
Dollar Amount |
Percent |
Mean Income |
Median Income |
|
Non-Minority |
07/2006 12/2006 |
21 |
$1,616,438.00 |
91.3% |
$37,695.97 |
$39,879.00 |
|
01/2007 06/2007 |
7 |
$484,114.00 |
87.5% |
$35,469.79 |
$35,657.76 |
|
|
Total FY2007 |
28 |
$2,100,552.00 |
90.3% |
$36,582.88 |
$37,768.38 |
|
|
Minority |
07/2006 12/2006 |
2 |
$191,320.00 |
8.7% |
$40,184.40 |
$40,184.40 |
|
01/2007 06/2007 |
1 |
$84,150.00 |
12.5% |
$43,572.00 |
$43,572.00 |
|
|
Total FY2007 |
3 |
$275,470.00 |
9.7% |
$41,878.20 |
$41,878.20 |
|
Gender of Head of Household |
Time Period |
No. Loans |
Percent |
|
Male |
07/2006 12/2006 |
18 |
78.3% |
|
01/2007 06/2007 |
8 |
100.0% |
|
|
Total FY2007 |
26 |
83.9% |
|
|
Female |
07/2006 12/2006 |
5 |
21.7% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
5 |
16.1% |
|
Age of Head of Household |
Time Period |
No. Loans |
Percent |
|
18 to 22 |
07/2006 12/2006 |
4 |
17.4% |
|
01/2007 06/2007 |
2 |
25.0% |
|
|
Total FY2007 |
6 |
19.4% |
|
|
23 to 30 |
07/2006 - 12/2006 |
12 |
52.2% |
|
01/2007 06/2007 |
4 |
50.0% |
|
|
Total FY2007 |
16 |
51.6% |
|
|
31 to 40 |
07/2006 12/2006 |
3 |
13.0% |
|
01/2007 06/2007 |
1 |
6.3% |
|
|
Total FY2007 |
4 |
12.9% |
|
|
41 to 50 |
07/2006 12/2006 |
1 |
4.3% |
|
01/2007 06/2007 |
1 |
6.3% |
|
|
Total FY2007 |
2 |
6.5% |
|
|
51 to 60 |
07/2006 12/2006 |
2 |
8.7% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
2 |
8.7% |
|
|
61 to 70 |
07/2006 12/2006 |
1 |
4.3% |
|
01/2007 06/2007 |
0 |
0.0% |
|
|
Total FY2007 |
1 |
3.2% |
|
|
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 |
31.7 |
|
|
01/2007 06/2007 |
29.3 |
||
|
Total FY2007 |
30.5 |
|
Average Household Size |
07/2006 12/2006 |
2.6 |
|
01/2007 06/2007 |
1.8 |
|
|
Total FY2007 |
2.2 |
Down Payment Assistance Program (DPA)
General Statistics
|
Time Period |
No. Loans |
Dollar Amount |
Mean Loan Amount |
% of H2O Loans |
|
07/2006 12/2006 |
7 |
$29,315.00 |
$4,187.86 |
30.4% |
|
01/2007 06/2007 |
2 |
$7,600.00 |
$3,800.00 |
25.0% |
|
Total FY2007 |
9 |
$36,915.00 |
$4,101.67 |
29.0% |
|
Loan Cancellation - Total FY2007: |
35.7% |
Loans by Homebuyer Counselor
|
|
7/1/06 - 12/31/06 |
1/1/07 - 6/30/07 |
TOTAL FY 2007 |
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|
HOMEBUYER COUNSELOR |
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