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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

 

 

CROSS 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

11

$852,685.00

$77,516.82

$65,375.00

2005

11

$811,965.00

$73,815.00

$71,425.00

 

Loans by Originator

 

Originator / Branch

FY

No. Loans

Dollar Amount

First National Bank, Wynne, AR

2006

1

$33,075.00

2005

1

$49,608.00

Pulaski Mortgage Company, Forrest City, AR

2006

10

$819,610.00

2005

9

$681,057.00

Pulaski Mortgage Company, West Memphis. AR

2006

0

$0.00

2005

1

$81,300.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

9

$604,080.00

2005

11

$811,965.00

New or Proposed Construction

2006

2

$248,605.00

2005

0

$0.00

 

Loans by Loan Type

 

Loan Type

FY

No. Loans

Dollar Amount

FHA

2006

4

$345,085.00

2005

4

$284,070.00

VA

2006

0

$0.00

2005

0

$0.00

Conventional

2006

0

$0.00

2005

0

$0.00

Rural Development

2006

7

$507,600.00

2005

7

$527,895.00

 


 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Percent

Non-Minorities

2006

11

$852,685.00

100.0%

2005

9

$664,665.00

81.8%

Minorities

2006

0

$0.00

0.0%

2005

2

$147,300.00

18.2%

 

Ethnicity

FY

Mean Income

Median Income

Non-Minorities

2006

$38,851.99

$38,397.36

2005

$44,500.73

$45,036.00

Minorities

2006

$0.00

$0.00

2005

$41,998.86

$41,998.86

 

Gender-Head of Hshld

FY

No.

Pct.

Males

2006

11

100.0%

2005

7

63.6%

Females

2006

0

$0.00

2005

3

27.3%

Unknown

2006

0

$0.00

2005

1

9.1%

 

FY 2006

Average Age of Head of Household:

 

28.4

FY 2005

 

31.0

 

FY 2006

Average Household Size:

 

3.1

FY 2005

 

2.5

 

 

 

 

FY 2006

Loan Cancellation Rate:

 

8.3%

FY 2005

 

15.4%

 

DOWN PAYMENT ASSISTANCE PROGRAM’s Loan Statistics

 

FY

NO. LOANS

DOLLAR AMOUNT

MEAN LOAN AMT.

% OF H2O LOANS

2006

7

$17,820.00

$2,545.71

63.6%

2005

4

$7,700.00

$1,925.00

36.4%

 

Loans by Homebuyer Counselor

 

Counselor

FY

No. Loans

Dollar Amount

In Affordable Housing, Inc.,  Little Rock, AR

2006

0

$0.00

2005

1

$2,500.00

Mississippi County EOC, Blytheville, AR

2006

6

$14,820.00

2005

3

$5,200.00

Unknown

2006

1

$3,000.00

2005

0

$0.00

 

Loans by New or Existing

 

New or Existing

FY

No. Loans

Dollar Amount

Existing Construction

2006

6

$14,820.00

2005

4

$7,700.00

New or Proposed Construction

2006

1

$3,000.00

2005

0

$0.00

 

Demographics

 

Ethnicity

FY

No. Loans

Dollar Amount

Pct

Non-Minorities

2006

7

$17,820.00

100.0%

2005

4

$7,700.00

100.0%

Minorities

2006

0

$0.00

0.0%

2005

0

$0.00

0.0%

 

FY 2006

Loan Cancellation Rate:

 

0.0%

FY 2005

 

20.0%

 

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