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Statewide Statistics Fiscal Year 2008

ADFA 2008 Financial Statement - Newr 7.gif (9786 bytes)

 

Statistics by Congressional District

 

Congressional District 1

Congressional Destrict 2

Congressional District 3

Congressional District 4

Program Activity FY 2007

Program Activity FY 2006

Program Activity FY 2005

Program Activity FY 2004

Program Activity FY 2002 & 2003

Program Activity FY 2001
 

REPORT OF PROGRAM ACTIVITY

FISCAL YEAR 2008: July 1, 2007 – June 30, 2008

1st Half of FY2008 = July 1, 2007 – December 31, 2007

2nd Half of FY2008 = January 1, 2008 – June 30, 2008

STATEWIDE

Compiled by:

Judy Brummett
Research & Special Projects Manager
Arkansas Development Finance Authority
P.O. Box 8023
Little Rock, AR 72203
Phone: 501-682-5917
Fax: 501-682-5939

Email Address: jbrummett@adfa.state.ar.us

October 17, 2008

Counties Within Each Congressional District

Congressional District 1

Congressional District 2

Congressional District 3

Congressional District 4

Arkansas

Conway

Benton

Ashley

Baxter

Faulkner

Boone

Bradley

Clay

Perry

Carroll

Calhoun

Cleburne

Pulaski

Crawford

Chicot

Craighead

Saline

Franklin

Clark

Crittenden

Van Buren

Johnson

Cleveland

Cross

White

Madison

Columbia

Fulton

Yell

Marion

Dallas

Greene

 

Newton

Desha

Independence

 

Pope

Drew

Izard

 

Sebastian

Garland

Jackson

 

Washington

Grant

Lawrence

   

Hempstead

Lee

   

Hot Spring

Lonoke

   

Howard

Mississippi

   

Jefferson

Monroe

   

Lafayette

Phillips

   

Lincoln

Poinsett

   

Little River

Prairie

   

Logan

Randolph

   

Miller

Searcy

   

Montgomery

Sharp

   

Nevada

St. Francis

   

Ouachita

Stone

   

Pike

Woodruff

   

Polk

     

Scott

     

Sevier

     

Union

NOTE: Color coding of statistics provided in this report are as follows:

    • July 2007 – December 2007 Black type

    • January 2008 – June 2008 Blue Type

    • Total FY2008 Red Bold Italics Type

HOMEOWNERSHIP

Home-to-Own (H2O)

General Statistics

Time Period

Cong Dist

No. Loans

Dollar Amount

Mean Loan Amount

Median Loan Amount

07/2007 -12/2007

1

166

$15,908,298.00

$95,833.12

$91,675.00

2

193

$17,952,531.00

$93,018.30

$88,500.00

3

331

$30,705,964.00

$92,767.26

$88,609.00

4

75

$5,330,848.00

$71,077.97

$64,500.00

Subtotal

765

$69,897,641.00

$91,369.47

$87,210.00

01/2008 - 06/2008

1

137

$12,822,546.00

$93,595.23

$90,578.00

2

202

$19,352,001.00

$95,801.99

$88,800.00

3

268

$24,272,362.00

$90,568.51

$87,442.00

4

71

$5,742,815.00

$80,884.72

$75,613.00

Subtotal

678

$62,189,724.00

$91,725.26

$86,640.00

FY2008 TOTAL

1,443

$132,087,365.00

$91,536.64

$88,544.50

 

Loan Cancellation Rate – Total FY2008:

07/2007 – 12/2007

83 (9.8%)

01/2008 – 06/2008

167 (19.8%)

FY2008 Total

250 (14.8%)

Loans by Originator / Branch

07/2007 - 12/2007

01/2008 - 6/2008

FY2008 Total

Originator / Branch

Cong. Dist.

No. Loans

Dollar Amount

No. Loans

Dollar Amount

No. Loans

Dollar Amount

Bank of Little Rock Mortgage, Little Rock, AR

2

2

$169,882.00

1

$68,918.00

3

$238,800.00

Bank of Little Rock Mortgage, Benton, AR

1

2

$134,900.00

0

$0.00

2

$134,900.00

2

4

$453,490.00

19

$2,155,404.00

23

$2,608,894.00

4

3

$186, 714.00

2

$147,146.00

5

$333,860.00

Subtotal

9

$775,104.00

21

$2,302,550.00

30

$3,077,654.00

Bank of Little Rock Mortgage, Conway, AR

2

0

$0.00

1

$123,523.00

1

$123,523.00

Bank of Little Rock Mortgage, North Little Rock, AR

1

4

$443,850.00

8

$652,627.00

12

$1,096,477.00

2

11

$1,005,539.00

8

$688,419.00

19

$1,693,958.00

Subtotal

15

$1,449,389.00

16

$1,341,046.00

31

$2,790,435.00

Elk Horn Bank Arkadelphia, AR

2

2

$192,900.00

1

$110,999.00

3

$303,899.00

4

2

$148,500.00

6

$542,585.00

8

$691,085.00

Subtotal

4

$341,400.00

7

$653,584.00

11

$994,984.00

ANB Financial, Rogers, AR

3

1

$104,958.00

0

$0.00

1

$104,958.00

First Western Mortgage, Fort Smith, AR

3

6

$455,050.00

2

$146,205.00

8

$601,255.00

4

2

$113,100.00

2

$154,574.00

4

$267,674.00

Subtotal

8

$568,150.00

4

$300,779.00

12

$868,929.00

First Western Mortgage, Rogers, AR

3

5

$525,663.00

8

$753,273.00

13

$1,278,936.00

Simmons First Bank, Russellville, AR

1

1

$68,000.00

0

$0.00

1

$68,000.00

2

3

$224,225.00

4

$325,550.00

7

$549,775.00

3

9

$697,495.00

5

$430,532.00

14

$1,128,027.00

Subtotal

13

$989,720.00

9

$756,082.00

22

$1,745,802.00

First Security Bank of Conway, AR

2

10

$949,652.00

7

$661,289.00

17

$1,610,941.00

3

1

$67,857.00

2

$169,047.00

3

$236,904.00

Subtotal

11

$1,017,509.00

9

$830,336.00

20

$1,847,845.00

First Arkansas Valley Bank, Russellville, AR

2

1

$144,850.00

0

$0.00

1

$144,850.00

3

1

$86,400.00

0

$0.00

1

$86,400.00

Subtotal

2

$231,250.00

0

$0.00

2

$231,250.00

First Financial Bank, North Little Rock, AR

2

4

$428,647.00

0

$0.00

4

$428,647.00

First Financial Bank, Fort Smith, AR

2

1

$141,382.00

1

$135,429.00

2

$276,811.00

3

13

$1,409,850.00

18

$1,922,047.00

31

$3,331,897.00

Subtotal

14

$1,551,232.00

19

$2,057,476.00

33

$3,608,708.00

First Financial Bank, Jonesboro, AR

1

1

$59,073.00

0

$0.00

1

$59,073.00

River Town Bank, Russellville, AR

2

6

$311,779.00

4

$358,550.00

10

$670,329.00

3

4

$369,325.00

3

$239,125.00

7

$608,450.00

Subtotal

10

$681,104.00

7

$597,675.00

17

$1,278,779.00

Logan Finance, Blytheville, AR

1

0

$0.00

5

$340,200.00

5

$340,200.00

American Home Mortgage Corp, Little Rock, AR

2

1

$76,396.00

0

$0.00

1

$76,396.00

First National Bank, Hot Springs, AR

4

2

$134,500.00

2

$66,300.00

4

$200,800.00

Magna Bank, Memphis, TN

1

1

$125,409.00

2

$269,175.00

3

$394,584.00

Magna Bank, Little Rock, AR

2

5

$578,224.00

4

$284,960.00

9

$863,184.00

4

0

$0.00

2

$152,900.00

2

$152,900.00

Subtotal

5

$578,224.00

6

$437,860.00

11

$1,016,084.00

BancorpSouth, Jonesboro, AR

1

5

$402,663.00

7

$668,893.00

12

$1,071,556.00

BancorpSouth, Fort Smith, AR (484)

1

0

$0.00

1

$130,935.00

1

$130,935.00

3

3

$236,240.00

12

$756,629.00

15

$992,869.00

Subtotal

3

$236,24,0.00

13

$887,564.00

16

$1,123,804.00

Bancorp South, Fort Smith, AR (785)

1

1

$60,586.00

0

$0.00

1

$60,586.00

3

17

$1,330,286.00

6

$416,761.00

23

$1,747,047.00

Subtotal

18

$1,390,872.00

6

$416,761.00

24

$1,807,633.00

Liberty Bank Jonesboro, AR

1

1

$109,300.00

0

$0.00

1

$109,300.00

Liberty Bank Springdale, AR

1

1

$107,377.00

0

$0.00

1

$107,377.00

3

2

$250,905.00

4

$483,719.00

6

$734,624.00

Subtotal

3

$358,282.00

4

$483,719.00

7

$842,001.00

Liberty Bank Russellville, AR

2

10

$906,475.00

16

$1,368,596.00

26

$2,275,071.00

3

30

$2,777,673.00

26

$2,429,576.00

56

$5,207,249.00

Subtotal

40

$3,684,148.00

42

$3,798,172.00

82

$7,482,320.00

First Home Mortgage, Jonesboro, AR

1

6

$347,200.00

0

$0.00

6

$347,200.00

2

1

$38,265.00

3

$248,935.00

4

$287,200.00

Subtotal

7

$385,465.00

3

$248,935.00

10

$634,400.00

Simmons First Bank, Jonesboro, AR

1

5

$448,261.00

0

$0.00

1

$448,261.00

Regions Mortgage, Little Rock, AR (221)

1

1

$110,500.00

1

$51,592.00

2

$162,092.00

2

9

$957,210.00

12

$1,328,973.00

21

$2,286,183.00

3

2

$205,376.00

6

$498,198.00

8

$703,574.00

4

1

$127,000.00

1

$86,640.00

2

$213,640.00

Subtotal

13

$1,400,086.00

20

$1,965,403.00

33

$3,365,489.00

Regions Mortgage, Benton, AR

2

5

$463,819.00

11

$957,212.00

16

$1,421,031.00

4

1

$88,609.00

2

$128,773.00

3

$217,382.00

Subtotal

6

$552,428.00

13

$1,085,985.00

19

$1,638,413.00

Regions Mortgage, Texarkana, AR

4

1

$48,000.00

0

$0.00

1

$48,000.00

Regions Mortgage, Cabot, AR

4

1

$78,300.00

0

$0.00

1

$78,300.00

Regions Mortgage, , Jonesboro, AR

1

4

$309,076.00

9

$673,341.00

13

$982,417.00

Regions Mortgage, Searcy, AR

1

0

$0.00

1

$93,877.00

1

$93,877.00

2

3

$265,814.00

14

$1,481,899.00

17

$1,747,713.00

Subtotal

3

$265,814.00

15

$1,575,776.00

18

$1,841,590.00

Metropolitan National Bank, Little Rock, AR

1

0

$0.00

4

$288,858.00

4

$288,858.00

2

8

$794,638.00

4

$336,242.00

12

$1,130,880.00

Subtotal

8

$794,638.00

8

$625,100.00

16

$1,419,738.00

Moore Mortgage, Little Rock, AR

2

8

$716,132.00

10

$867,457.00

18

$1,583,589.00

3

4

$423,070.00

3

$311,331.00

7

$734,401.00

4

3

$257,655.00

2

$105,574.00

5

$363,229.00

Subtotal

15

$1,396,857.00

15

$1,284,362.00

30

$2,681,219.00

Valley Bank, Springdale, AR

3

1

$87,500.00

0

$0.00

1

$87,500.00

One Bank & Trust, Little Rock, AR

2

1

$83,200.00

1

$160,050.00

2

$243,250.00

Pulaski Mortgage Company, Conway, AR

2

8

$615,359.00

5

$551,593.00

13

$1,166,952.00

Pulaski Mortgage Company, Bentonville, AR

3

3

$275,030.00

2

$232,809.00

5

$507,839.00

Pulaski Mortgage Company, Russellville, AR

2

2

$161,706.00

0

$0.00

2

$161,706.00

3

3

$285,219.00

2

$177,975.00

5

$463,194.00

Subtotal

5

$446,925.00

2

$177,975.00

7

$624,900.00

Pulaski Mortgage Company, Forrest City, AR

1

22

$1,864,230.00

16

$1,156,055.00

38

$3,020,285.00

Pulaski Mortgage Company, Little Rock, AR

2

35

$2,824,234.00

24

$2,127,721.00

58

$4,951,955.00

4

2

$112,113.00

0

$0.00

2

$112,113.00

Subtotal

37

$2,936,347

24

$2,127,721.00

61

$5,064,068.00

Pulaski Mortgage Company, West Memphis, AR

1

80

$8,458,126.00

55

$6,004,731.00

135

$14,462,857.00

The Carroll Mortgage Group, Little Rock, AR

2

6

$523,324.00

8

$899,744.00

14

$1,423,068.00

Telcoe Federal Credit Union, Little Rock, AR

2

2

$246,113.00

2

$234,446.00

4

$480,559.00

First National Bank & Trust, Mountain Home, AR

1

9

$769,597.00

13

$1,076,195.00

22

$1,845,792.00

3

1

$84,000.00

0

$0.00

1

$84,000.00

Subtotal

10

$853,597.00

13

$1,076,195.00

23

$1,929,792.00

National Bank of Arkansas, Little Rock, AR

1

0

$0.00

1

$121,125.00

1

$121,125.00

2

3

$349,900.00

3

$400,000.00

6

$749,900.00

Subtotal

3

$349,900.00

4

$521,125.00

7

$871,025.00

US Bank Home Mortgage, North Little Rock, AR

2

7

$585,465.00

1

$111,550.00

8

$697,015.00

US Bank Home Mortgage, Bryant, AR

2

1

$113,223.00

6

$401,405.00

7

$514,628.00

Bank of the Ozarks, Little Rock, AR

1

3

$274,463.00

3

$289,680.00

6

$564,143.00

2

7

$734,579.00

1

$68,835.00

7

$803,414.00

3

8

$939,956.00

3

$252,552.00

11

$1,192,508.00

Subtotal

18

$1,948,998.00

7

$611,067.00

25

$2,560,065.00

The First National Bank, Paris, AR

4

3

$206,830.00

4

$244,375.00

7

$451,205.00

Simmons First National Bank, Pine Bluff, AR

1

0

$0.00

1

$63,995.00

1

$63,995.00

2

0

$0.00

4

$351,673.00

4

$351,673.00

4

47

$3,247,470.00

46

$3,983,277.00

93

$7,230,747.00

Subtotal

47

$3,247,470.00

51

$4,398,945.00

98

$7,646,415.00

Simmons First Mortgage, Fort Smith, AR

3

12

$903,081.00

9

$695,857.00

21

$1,598,938.00

Simmons First Mortgage, Siloam Springs, AR

3

4

$417,983.00

2

$176,650.00

6

$594,633.00

Simmons First Mortgage, Rogers, AR

3

2

$233,830.00

3

$346,859.00

5

$580,689.00

Arvest Mortgage Company, Lowell, AR

1

0

$0.00

1

$81,600.00

1

$81,600.00

2

7

$747,385.00

9

$991,300.00

16

$1,738,685.00

3

68

$7,020,510.00

53

$5,105,842.00

121

$12,126,352.00

Subtotal

75

$7,767,895.00

63

$6,178,742.00

138

$13,946,637.00

First Security, Searcy, AR

1

3

$276,154.00

1

$89,800.00

4

$365,954.00

2

7

$674,818.00

13

$439,519.00

20

$1,114,337.00

Subtotal

10

$950,972.00

14

$529,319.00

24

$1,480,291.00

Simmons First National Bank, Searcy, AR

2

8

$871,936.00

0

$0.00

8

$871,936.00

Citizens Bank & Trust, Van Buren 2nd, AR

3

3

$269,820.00

2

$192,750.00

5

$462,570.00

First Horizon Home Loan Corp., West Memphis, AR

1

14

$1,364,609.00

2

$292,761.00

16

$1,657,370.00

Community First Bank, Harrison, AR

3

33

$2,898,623.00

20

$1,799,682.00

53

$4,698,305.00

Community First Bank, Pea Ridge, AR

3

1

$146,880.00

0

$0.00

1

$146,880.00

First State Bank, Conway, AR

2

4

$452,330.00

1

$96,000.00

5

$548,330.00

Summit Bank, Hot Springs, AR

4

4

$365,357.00

2

$130,671.00

6

$496,028.00

Summit Bank, Benton, AR

2

2

$149,640.00

0

$0.00

2

$149,640.00

4

2

$117,000.00

0

$0.00

2

$117,000.00

Subtotal

4

$266,640.00

0

$0.00

4

$266,640.00

Benefit Bank, Fort Smith, AR

2

0

$0.00

1

$105,052.00

1

$105,052.00

3

83

$7,327,139.00

61

$5,085,196.00

144

$12,412,335.00

Subtotal

83

$7,327,139.00

62

$5,190,248.00

145

$12,517,387.00

Priority Bank, Ozark, AR

3

11

$876,245.00

1

$75,500.00

12

$951,745.00

4

1

$99,700.00

0

$0.00

1

$99,700.00

Subtotal

12

$975,945.00

1

$75,500.00

13

$1,051,445.00

First Community Bank of Eastern Arkansas, Marion, AR

1

2

$174,924.00

1

$65,866.00

3

$240,790.00

Bank of Arkansas Mortgage Group, Bentonville, AR

3

0

$0.00

2

$180,333.00

2

$180,333.00

Global Mortgage, Inc., Bentonville, AR

3

0

$0.00

4

$490,200.00

4

$490,220.00

BancorpSouth, Fort Smith, AR (471)

3

0

$0.00

1

$59,033.00

1

$59,033.00

BancorpSouth, Fort Smith, AR (646)

1

0

$0.00

1

$46,588.00

1

$46,588.00

3

0

$0.00

2

$173,483.00

2

$173,483.00

Subtotal

0

$0.00

3

$220,071.00

3

$220,071.00

Regions Mortgage, Little Rock, AR

2

0

$0.00

1

$99,216.00

1

$99,216.00

Regions Mortgage, Memphis, TN

1

0

$0.00

2

$161,000.00

2

$161,000.00

Wells Fargo Home Mortgage, Inc, Unknown

2

0

$0.00

1

$67,446.00

1

$67,446.00

3

0

$0.00

1

$84,564.00

1

$84,564.00

Subtotal

0

$0.00

2

$152,010.00

2

$152,010.00

Wells Fargo Mortgage, Inc., Memphis, TN

1

0

$0.00

1

$82,702.00

1

$82,702.00

Pulaski Mortgage Company, Fayetteville, AR

3

0

$0.00

1

$99,200.00

1

$99,200.00

Bank of America, Little Rock, AR

3

0

$0.00

1

$57,084.00

1

$57,084.00

Simmons First National Bank, Springdale, AR

3

0

$0.00

2

$298,421.00

2

$298,421.00

Guaranty Loan, West Memphis, AR

1

0

$0.00

1

$120,950.00

1

$120,950.00

Summit Bank, Little Rock, AR

2

0

$0.00

1

$51,196.00

1

$51,196.00

Priority Bank, Fayetteville, AR

3

0

$0.00

1

$131,929.00

1

$131,929.00

Loans by New / Existing

Time Period

New or Existing

Congressional District

No. Loans

Dollar Amount

7/2007 - 12/2007

Existing

1

146

$13,411,808.00

2

171

$15,175,182.00

3

288

$25,554,843.00

4

75

$5,330,848.00

Subtotal

680

$59,472,681.00

1/2008 - 6/2008

1

122

$10,998,954.00

2

173

$15,874,210.00

3

242

$21,156,313.00

4

70

$5,681,165.00

Subtotal

607

$53,710,642.00

TOTAL FY2008 EXISTING

1,287

$113,183,323.00

7/2007 - 12/2007

New

1

20

$2,496,490.00

2

22

$2,777,349.00

3

43

$5,151,121.00

4

0

$0.00

Subtotal

85

$10,424,960.00

1/2008 - 6/2008

1

15

$1,823,592.00

2

29

$3,477,791.00

3

26

$3,116,049.00

4

1

$61,650.00

Subtotal

71

$8,479,082.00

TOTAL FY2008 NEW

156

$18,904,042.00

Loans by Loan Type

Time Period

Type

Cong Dist

No. Loans

Dollar Amount

07/2007 - 12/2007

Conventional

1

56

$5,311,147.00

2

50

$4,862,599.00

3

71

$7,121,429.00

4

14

$1,039,184.00

Subtotal

191

$18,334,359.00

1/2008 - 6/2008

1

26

$2,761,423.00

2

33

$3,566,188.00

3

33

$3,219,151.00

4

9

$661,285.00

Subtotal

101

$10,208,047.00

TOTAL FY2008 CONVENTIONAL

292

$28,542,406.00

7/2007 - 12/2007

FHA

1

53

$5,193,395.00

2

114

$10,426,248.00

3

137

$11,746,664.00

4

56

$3,924,310.00

Subtotal

360

$31,290,617.00

1/2008 - 6/2008

1

63

$5,825,111.00

2

130

$11,834,748.00

3

137

$11,873,927.00

4

53

$4,286,006.00

Subtotal

383

$33,819,792.00

TOTAL FY2008 FHA

743

$65,110,409.00

7/2007 - 12/2007

Rural Development

1

51

$4,632,249.00

2

28

$2,504,184.00

3

118

$11,299,216.00

4

5

$367,354.00

Subtotal

202

$18,803,003.00

1/2008 - 6/2008

1

46

$4,027,437.00

2

35

$3,454,602.00

3

91

$8,533,447.00

4

3

$175,960.00

Subtotal

175

$16,191,446.00

TOTAL FY2008 RURAL DEVELOPMENT

377

$34,994,449.00

7/2007 - 12/2007

VA

1

6

$771,507.00

2

1

$159,500.00

3

5

$538,655.00

4

0

$0.00

Subtotal

12

$1,469,662.00

1/2008-6/2008

1

2

$208,575.00

2

4

$496,463.00

3

7

$645,837.00

4

6

$619,564.00

Subtotal

19

$1,970,439.00

TOTAL FY2008 VA

31

$3,440,101.00

Borrowers’ Profile

Time

Ethnicity

Cong. Dist

No. Loans

Dollar Amount

7/2007 - 12/2007

Minority

1

38

$3,954,761.00

2

59

$5,370,543.00

3

34

$2,926,808.00

4

31

$1,985,981.00

Subtotal

162

$14,238,093.00

1/2008 - 6/2008

1

39

$3,942,093.00

2

50

$4,568,655.00

3

23

$1,974,856.00

4

24

$2,054,497.00

Subtotal

136

$12,540,101.00

TOTAL FY2008 MINORITY

298

$26,778,194.00

7/2007 - 12/2007

Non-Minority

1

127

$11,953,537.00

2

135

$12,581,988.00

3

297

$27,779,156.00

4

44

$3,344,867.00

Subtotal

603

$55,659,548.00

1/2008 - 6/2008

1

98

$8,880,453.00

2

152

$14,783,346.00

3

245

$22,297,506.00

4

47

$3,688,318.00

Subtotal

542

$49,649,623.00

TOTAL FY2008 NON-MINORITY

1,145

$105,309,171.00

Time

Ethnicity

Cong. Dist

Mean Income

Median Income

7/2007 - 12/2007

 

Minority

 

1

$42,736.96

$40,582.80

2

$38,813.54

$42,757.08

3

$33,594.84

$25,865.34

4

$33,434.35

$33,372.00

Subtotal

$37,609.21

$37,142.10

1/2008 - 6/2008

 

1

$41,338.00

$41,477.16

2

$38,553.00

$39,689.52

3

$37,564.00

$38,610.00

4

$45,544.00

$29,681.16

Subtotal

$40,418.00

$43,836.00

 AVERAGE FY2008 MINORITY

$39,013.61

$40,489.05

7/2007 - 12/2007

 

Non-Minority

 

1

$42,686.03

$42,000.00

2

$35,993.11

$36,180.00

3

$37,672.17

$38,048.64

4

$41,513.81

$39,711.24

Subtotal

$38,357.18

$38,369.92

1/2008 - 6/2008

 

1

$41,210.00

$38,500.00

2

$38,976.00

$39,948.00

3

$39,023.00

$38,090.04

4

$43,310.00

$42,889.56

Subtotal

$39,777.00

$39,260.04

 AVERAGE FY2008 NON-MINORITY

$39,906.00

$39,260.04

Head of Household = Male

Head of Household = Female

Time Period

CD

No.

Pct

No.

Pct

07/2007 -12/2007

1

112

14.6%

55

7.2%

2

92

12.0%

101

13.2%

3

233

30.5%

97

12.7%

4

36

4.7%

39

5.1%

Subtotal 1st Half of FY2008

473

61.8%

292

38.2%

01/2008 - 6/2008

1

55

8.1%

82

12.1%

2

88

13.0%

110

16.2%

3

100

14.7%

165

24.3%

4

28

4.1%

43

6.3%

Subtotal 2nd Half of FY2008

271

40.0%

400

59.0%

Seven (7) Homebuyers’ Gender were unknown in the 2nd half of FY2008.

CD

7/2007 - 12/2007 Average Age

1/2008 - 6/2008 Average Age

FY2008 TOTAL Average Age

1

36.2

33.5

34.9

2

32.6

34.2

33.4

3

30.8

30.8

30.8

4

33.9

34.6

34.2

Statewide Average Age

33.3

33.3

33.3

CD

7/2007 - 12/2007 Average House Size

1/2008 - 6/2008 Average House Size

FY2008 Average House Size

1

2.3

2.1

2.2

2

2.2

2.2

2.2

3

2.2

2.4

2.3

4

2.2

2.2

2.2

Statewide Average House Size

2.2

2.2

2.2

Down Payment Assistance Program (DPA)

General Statistics

Time Period

Cong Dist

No. Loans

Dollar Amount

Mean Loan Amount

% H2O Loans

07/2007 -12/2007

1

54

$182,588.00

$3,381.26

32.5%

2

77

$332,287.00

$4,315.42

39.9%

3

95

$405,314.00

$4,266.46

28.7%

4

45

$175,913.00

$3,909.18

60.0%

Subtotal

271

$1,096,102.00

$4,044.66

35.4%

01/2008 - 06/2008

1

39

$156,750.00

$4,019.23

28.5%

2

105

$450,871.00

$4,294.01

52.0%

3

89

$367,591.00

$4,130.24

33.2%

4

58

$263,042.00

$4,535.21

81.7%

Subtotal

291

$1,238,254.00

$4,255.17

42.9%

FY2008 TOTAL

562

$2,334,356.00

$4,153.66

38.9%

Loans by Homebuyer Counselor

7/1/07 - 12/31/07

1/1/08 - 6/30/08

TOTAL FY 2008

HOMEBUYER COUNSELOR

CD

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Argenta

1

0

$0.00

1

$3,150.00

1

$3,150.00

2

10

$44,995.00

5

$21,385.00

15

$66,380.00

Subtotal

10

$44,995.00

6

$24,535.00

16

$69,530.00

ARVAC

2

10

$50,212.00

4

$17,250.00

14

$67,462.00

3

2

$11,600.00

2

$5,580.00

4

$17,180.00

4

0

$0.00

1

$1,315.00

1

$1,315.00

Subtotal

12

$61,812.00

7

$24,145.00

19

$85,957.00

Black Community Development Program

2

4

$12,921.00

10

$45,836.00

14

$58,757.00

Chicot Housing Assistance Corp.

4

2

$7,770.00

1

$5,170.00

3

$12,940.00

Community Resource Technicians

1

1

$1,750.00

1

$5,700.00

2

$7,450.00

2

17

$71,253.00

34

$133,388.00

51

$204,641.00

3

0

$0.00

2

$9,737.00

2

$9,737.00

4

0

$0.00

2

$6,423.00

2

$6,423.00

Subtotal

18

$73,003.00

39

$155,248.00

57

$228,251.00

Crawford Sebastian CDC

3

59

$246,532.00

53

$227,345.00

112

$473,877.00

4

2

$3,913.00

2

$8,020.00

4

$11,933.00

Subtotal

61

$250,445.00

55

$235,365.00

116

$485,810.00

Credit Counseling of Arkansas

3

6

$33,208.00

17

$77,045.00

23

$110,253.00

Crowley’s Ridge Development Council

1

1

$3,000.00

1

$2,300.00

2

$5,300.00

Dream Makers

2

8

$33,461.00

13

$60,232.00

21

$93,693.00

4

33

$136,259.00

14

$66,625.00

47

$202,884.00

Subtotal

41

$169,720.00

27

$126,857.00

68

$296,577.00

EOA of Washington County

3

17

$65,889.00

10

$40,785.00

27

$106,674.00

Family Service Agency

2

6

$26,310.00

7

$38,976.00

13

$65,286.00

4

0

$0.00

1

$4,061.00

1

$4,061.00

Subtotal

6

$26,310.00

8

$43,037.00

14

$69,347.00

In Affordable Housing

1

0

$0.00

3

$10,560.00

3

$10,560.00

2

14

$57,445.00

18

$70,947.00

32

$128,392.00

4

2

$8,010.00

0

$0.00

2

$8,010.00

Subtotal

16

$65,455.00

21

$81,507.00

37

$146,962.00

Jonesboro Urban Renewal and Housing Authority

1

2

$8,186.00

1

$2,824.00

3

$11,010.00

Legal Aid of Arkansas

1

1

$1,454.00

2

$7,222.00

3

$8,676.00

Mississippi County EOC

1

47

$163,143.00

23

$100,774.00

70

$263,917.00

2

0

$0.00

2

$7,200.00

2

$7,200.00

Subtotal

47

$163,143.00

25

$107,974.00

72

$271,117.00

One Stop Homeowners Center

4

2

$6,522.00

1

$2,400.00

3

$8,922.00

Promise Land CDC

1

0

$0.00

1

$2,397.00

1

$2,397.00

2

3

$9,900.00

0

$0.00

3

$9,900.00

Subtotal

3

$9,900.00

1

$2,397.00

4

$12,297.00

South Arkansas CD

4

2

$9,750.00

2

$3,900.00

4

$13,650.00

Southern Good Faith Fund

1

1

$1,340.00

0

$0.00

1

$1,340.00

4

0

$0.00

27

$127,362.00

27

$127,362.00

Subtotal

1

$1,340.00

27

$127,362.00

28

$128,702.00

Universal Housing

1

1

$2,100.00

1

$5,845.00

2

$7,945.00

2

5

$25,790.00

11

$48,099.00

16

$73,889.00

3

10

$43,938.00

8

$28,825.00

18

$72,763.00

4

0

$0.00

1

$3,270.00

1

$3,270.00

Subtotal

16

$71,828.00

21

$86,039.00

37

$157,867.00

Unknown

1

1

$2,955.00

3

$8,778.00

4

$11,733.00

2

0

$0.00

2

$11,500.00

2

$11,500.00

3

1

$4,147.00

2

$8,000.00

3

$12,147.00

4

1

$2,349.00

1

$4,770.00

2

$7,119.00

Subtotal

3

$9,451.00

8

$33,048.00

11

$42,499.00

Loans by New / Existing

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY 2008

EXISTING OR NEW

CD

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

NO.

DOLLAR AMOUNT

Existing

 

1

52

$175,784.00

36

$144,480.00

88

$320,264.00

2

63

$260,462.00

90

$379,281.00

153

$639,743.00

3

87

$376,720.00

83

$354,618.00

170

$731,338.00

4

45

$175,913.00

52

$230,046.00

97

$405,959.00

Subtotal

247

$988,879.00

261

$1,108,425.00

508

$2,097,304.00

New

1

2

$6,804.00

3

$12,270.00

5

$19,074.00

2

14

$71,825.00

15

$71,590.00

29

$143,415.00

3

8

$28,594.00

12

$45,969.00

20

$74,563.00

4

0

$0.00

0

$0.00

0

$0.00

Subtotal

24

$107,223.00

30

$129,829.00

54

$237,052.00

Borrowers’ Profile

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

CD

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Minority

1

15

$50,803.00

16

$75,300.00

31

$126,103.00

2

30

$128,845.00

30

$144,259.00

60

$273,104.00

3

7

$30,795.00

4

$18,038.00

11

$48,833.00

4

15

$55,427.00

19

$87,865.00

34

$143,292.00

Subtotal

67

$265,870.00

69

$325,462.00

136

$591,332.00

Non-Minority

1

39

$131,785.00

23

$81,450.00

62

$213,235.00

2

47

$203,442.00

75

$306,612.00

122

$510,054.00

3

88

$374,519.00

91

$382,549.00

179

$757,068.00

4

30

$120,486.00

33

$142,181.00

63

$262,667.00

Subtotal

204

$830,232.00

222

$912,792.00

426

$1,743,024.00

7/1/2007 - 12/31/2007

1/1/2008 - 6/30/2008

TOTAL FY2008

ETHNICITY

CD

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

MEAN INCOME

MEDIAN INCOME

Minority

 

1

$42,560.57

$40,821.60

$48,731.62

$46,558.74

$45,646.10

$43,690.17

2

$47,094.27

$49,706.40

$43,774.14

$43,424.34

$45,434.21

$46,565.37

3

$42,009.24

$42,474.72

$46,521.15

$45,774.30

$44,265.20

$44,124.51

4

$39,403.74

$35,904.00

$48,083.69

$48,120.00

$43,743.72

$42,012.00

Average

$43,826.19

$43,731.24

$46,269.64

$44,099.32

$45,547.92

$43,915.28

Non-Minority

 

1

$48,573.35

$43,112.32

$46,771.49

$46,911,00

$47,672.42

$45,011.66

2

$43,883.21

$39,257.40

$42,869.06

$44,853.54

$43,376.14

$42,055.47

3

$42,426.81

$43,826.46

$41,815.57

$42,268.14

$42,121.19

$43,047.30

4

$39,707.36

$41,295.48

$44,254.38

$42,889.56

$41,980.87

$42,092.52

Average

$42,385.55

$43,063.26

$44,254.38

$42,889.56

$41,980.87

$42,092.52

Gender of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

FY2008 TOTAL

Gender

Cong Dist

No Loans

Pct

No Loans

Pct

No Loans

Pct

Female

1

13

4.8%

18

6.2%

31

5.5%

2

36

13.3%

48

16.5%

84

14.9%

3

23

8.5%

32

11.0%

55

9.8%

4

21

7.7%

19

6.5%

40

7.1%

Subtotal

93

34.3%

117

40.2%

210

37.3%

Male

1

41

15.1%

21

7.2%

62

11.0%

2

40

14.8%

57

19.6%

97

17.3%

3

71

26.2%

60

20.6%

131

23.3%

4

24

8.9%

33

11.3%

57

10.1%

Subtotal

176

64.9%

171

58.8%

347

61.7%

Unknown

1

0

0.0%

0

0.0%

0

0.0%

2

1

0.4%

1

0.3%

2

0.4%

3

1

0.4%

2

0.7%

3

0.5%

4

0

0.0%

0

0.0%

0

0.0%

Subtotal

2

0.8%

3

1.0%

5

0.9%

Average Age of Head of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

CD

Average Age

Average Age

Average Age

1

37.0

37.8

37.4

2

32.1

34.1

33.1

3

30.0

29.9

30.0

4

34.0

34.1

34.1

FY2008 TOTAL

33.3

34.0

33.7

Average Size of Household

7/2007 - 12/2007

1/2008 - 6/2008

TOTAL FY 2008

CD

Average House Size

Average House Size

Average House Size

1

2.4

2.0

2.2

2

2.2

2.3

2.3

3

2.3

2.4

2.4

4

2.2

2.3

2.3

FY2008 Average House Size

2.3

2.3

2.3

American Dream Downpayment Initiative (ADDI) Program

General Statistics

Time Period

Cong Dist

No. Loans

Dollar Amount

Mean Loan Amount

% H2O Loans

07/2007 -12/2007

1

14

$106,200.00

$7,585.71

8.4%

2

40

$253,059.62

$6,326.49

20.7%

3

25

$159,245.79

$6,369.83

7.6%

4

9

$45,943.00

$5,104.78

12.0%

Subtotal

88

$564,448.41

$6,414.19

11.5%

01/2008 - 06/2008

1

3

$11,776.00

$3,925.33

2.2%

2

43

$243,317.00

$5,658.53

21.3%

3

23

$127,339.00

$5,536.48

8.6%

4

2

$4,900.00

$2,450.00

2.8%

Subtotal

71

$387,332.00

$5,455.38

10.5%

FY2008 TOTAL

159

$951,780.41

$5,986.04

11.0%

Loans by Homebuyer Counselor

7/1/07 - 12/31/07

1/1/08 - 6/30/08

TOTAL FY 2008

HOMEBUYER COUNSELOR

CD

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

NO. LOANS

DOLLAR AMOUNT

Argenta

1

2

$9,650.00

1

$3,750.00

3

$13,400.00

2

4

$29,376.00

2

$11,500.00

6

$40,876.00

Subtotals

6

$39,026.00

3

$15,250.00

9

$54,276.00

ARVAC

2

4

$20,413.39

3

$19,400.00

7

$39,813.39

Benton Public Housing Authority

2

0

$0.00

2

$11,525.00

2

$11,525.00

Black Community Development Program

2

1

$7,588.00

3

$18,446.00

4

$26,034.00

Community Resources Technicians

1

2

$14,274.00

0

$0.00

2

$14,274.00

2

9

$58,891.23

11

$57,786.00

20

$116,677.23

Subtotals

11

$73,165.23

11

$57,786.00

22

$130,951.23