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REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2006:  July 1, 2005 – June 30, 2006

With Comparison to FY 2005 Report

 

See “Statewide” Section for list of FY 2006 Bond Issuances

 

 

BAXTER COUNTY Part of Congressional District 1

 

 

HOMEOWNERSHIP

 

HOME-TO-OWN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

MEDIAN LOAN AMT.

2006

9

$725,254.00

$80,583.78

$76,630.00

2005

10

$683,051.00

$68,305.10

$66,825.00

 

Loans by Originator

 

Originator / Branch

FY

No. Loans

Dollar Amount

Arvest  Mortgage Company, Lowell, AR

2006

0

$0.00

2005

2

$137,500.00

Bank of the Ozarks, Little Rock, AR

2006

2

$131,580.00

2005

1

$79,271.00

First National Bank, Mountain Home, AR

2006

5

$432,216.00

2005

7

$466,280.00

First Security, Searcy, AR

2006

2

$161,458.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

9

$725,254.00

2005

10

$683,051.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Loans by Loan Type

 

Loan Type

FY

No. Loans

Dollar Amount

FHA

2006

0

$0.00

2005

1

$79,271.00

VA

2006

0

$0.00

2005

0

$0.00

Conventional

2006

0

$0.00

2005

1

$54,600.00

Rural Development

2006

9

$725,254.00

2005

8

$549,180.00

 

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

9

$725,254.00

100.0%

2005

10

$683,051.00

100.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

Ethnicity

FY

Mean Income

Median Income

Non-Minorities

2006

$33,227.09

$35,484.12

2005

$24,894.67

$23,232.00

Minorities

2006

$0.00

$0.00

2005

$0.00

$0.00

 

Gender-Head of Hshld

FY

No.

Pct.

Males

2006

6

66.7%

2005

4

40.0%

Females

2006

3

33.3%

2005

5

50.0%

Unknown

2006

0

0.0%

2005

1

10.0%

 

FY 2006

Average Age of Head of Household:

 

22.8

FY 2005

 

26.2

 

FY 2006

Average Household Size:

 

1.8

FY 2005

 

1.9

 

 

 

 

FY 2006

Loan Cancellation Rate:

 

10.0%

FY 2005

 

28.6%

 

DOWN PAYMENT ASSISTANCE PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS.

2006

0

$0.00

$0.00

0.0%

2005

0

$0.00

$0.00

0.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

N/A

2006

0

$0.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

0

$0.00

2005

0

$0.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

FY 2006

Loan Cancellation Rate:

 

100.0%

FY 2005

 

0.0%

 

ADDI LOAN PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

0

$0.00

$0.00

0.0%

2005

0

$0.00

$0.00

0.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

N/A

2006

0

$0.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

0

$0.00

2005

0

$0.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

0

$0.00

0.0%

2005

0