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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

 

 

CRAIGHEAD 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

4

$273,076.00

$68,269.00

$75,212.00

2005

4

$319,640.00

$79,910.00

$80,745.00

 

Loans by Originator

 

Originator / Branch

FY

No. Loans

Dollar Amount

First Financial Bank, Jonesboro, AR

2006

1

$85,680.00

2005

1

$103,900.00

First Home Mortgage, Inc., Jonesboro, AR

2006

3

$187,396.00

2005

2

$134,515.00

First Trust Bank for Savings, Jonesboro, AR

2006

0

$0.00

2005

1

$81,225.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

4

$273,076.00

2005

4

$319,640.00

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

2

$161,490.00

VA

2006

0

$0.00

2005

0

$0.00

Conventional

2006

0

$0.00

2005

0

$0.00

Rural Development

2006

4

$273,076.00

2005

2

$158,150.00

 


 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

4

$273,076.00

100.0%

2005

4

$319,640.00

100.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

Ethnicity

FY

Mean Income

Median Income

Non-Minorities

2006

$26,196.66

$23,548.80

2005

$28,509.00

$26,100.00

Minorities

2006

$0.00

$0.00

2005

$0.00

$0.00

 

Gender-Head of Hshld

FY

No.

Pct.

Males

2006

2

50.0%

2005

3

75.0%

Females

2006

2

50.0%

2005

1

25.0%

 

FY 2006

Average Age of Head of Household:

 

34.8

FY 2005

 

29.3

 

FY 2006

Average Household Size:

 

2.5

FY 2005

 

1.5

 

 

 

 

FY 2006

Loan Cancellation Rate:

 

20.0%

FY 2005

 

42.9%

 

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

1

$2,475.00

$2,475.00

25.0%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

Mississippi County EOC, Blytheville, AR

2006

0

$0.00

2005

1

$2,475.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

0

$0.00

2005

1

$2,475.00

New or Proposed Construction

2006

0

$0.00

2005

0

$0.00

 


 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Pct

Non-Minorities

2006

0

$0.00

0.0%

2005

1

$2,475.00

100.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

FY 2006

Loan Cancellation Rate:

 

0.0%

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

Pct

Non-Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

Minorities

2006

0

$0.00

0.0%