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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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AFFINITY FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
AFFINITY FEDERAL CREDIT UNION |
| Address | 73 MOUNTAIN VIEW BOULEVARD
BASKING RIDGE, NJ 07920 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,779 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $542,663,000 |
| Average Mortgage Loan Amount Applied For | $115,842 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $94,191 |
| Highest Applicant Income | $885,000 |
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| Home Improvement |
699 | $48,898,000 |
$69,000 | $615,000 |
$104,000 | $865,000 |
| Home Purchase |
630 | $153,844,000 |
$244,000 | $920,000 |
$101,000 | $450,000 |
| Refinancing |
3,450 | $339,921,000 |
$98,000 | $1,000,000 |
$98,000 | $885,000 |
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| American Indian or Alaskan Native |
2 | $404,000 |
$202,000 | $284,000 |
$142,000 | $170,000 |
| Asian |
432 | $63,055,000 |
$145,000 | $1,000,000 |
$114,000 | $307,000 |
| Black or African American |
470 | $57,771,000 |
$122,000 | $610,000 |
$84,000 | $618,000 |
| Hispanic |
331 | $40,208,000 |
$121,000 | $1,000,000 |
$94,000 | $870,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,037,000 |
$148,000 | $392,000 |
$111,000 | $195,000 |
| Not applicable |
3 | $979,000 |
$326,000 | $428,000 |
$0 | $0 |
| Not Provided |
4 | $460,000 |
$115,000 | $251,000 |
$64,000 | $102,000 |
| White |
3,530 | $378,749,000 |
$107,000 | $980,000 |
$100,000 | $885,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,779 | $542,663,000 |
$113,000 | $1,000,000 |
$99,000 | $885,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
353 | $41,638,000 |
$117,000 | $1,000,000 |
$77,000 | $870,000 |
| Application Withdrawn By Applicant |
969 | $128,559,000 |
$132,000 | $805,000 |
$106,000 | $867,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
3,457 | $372,466,000 |
$107,000 | $1,000,000 |
$100,000 | $885,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
57 | $5,645,000 |
$99,000 | $675,000 |
$87,000 | $235,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
104 | $11,525,000 |
$110,000 | $525,000 |
$73,000 | $195,000 |
| Debt-To-Income Ratio |
136 | $16,967,000 |
$124,000 | $836,000 |
$67,000 | $255,000 |
| Employment History |
9 | $919,000 |
$102,000 | $192,000 |
$86,000 | $184,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $55,000 |
$55,000 | $55,000 |
$55,000 | $55,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AFFINITY FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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