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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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ALLIANCE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ALLIANCE CREDIT UNION |
| Address | 265 CURTNER AVE
SAN JOSE, CA 95125 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 164 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,806,000 |
| Average Mortgage Loan Amount Applied For | $126,428 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $90,619 |
| Highest Applicant Income | $424,000 |
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| Home Improvement |
86 | $4,230,000 |
$49,000 | $165,000 |
$83,000 | $400,000 |
| Home Purchase |
54 | $12,141,000 |
$224,000 | $583,000 |
$76,000 | $424,000 |
| Refinancing |
62 | $12,031,000 |
$194,000 | $600,000 |
$77,000 | $190,000 |
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| American Indian or Alaskan Native |
2 | $107,000 |
$53,000 | $77,000 |
$83,000 | $108,000 |
| Asian |
1 | $600,000 |
$600,000 | $600,000 |
$101,000 | $101,000 |
| Black or African American |
1 | $100,000 |
$100,000 | $100,000 |
$60,000 | $60,000 |
| Hispanic |
22 | $5,938,000 |
$269,000 | $512,000 |
$85,000 | $159,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $48,000 |
$48,000 | $48,000 |
$78,000 | $78,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
148 | $18,984,000 |
$128,000 | $583,000 |
$76,000 | $424,000 |
| White |
27 | $2,625,000 |
$97,000 | $360,000 |
$95,000 | $275,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
202 | $28,402,000 |
$140,000 | $600,000 |
$79,000 | $424,000 |
| 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 |
15 | $3,660,000 |
$244,000 | $583,000 |
$73,000 | $151,000 |
| Application Denied By Financial Institution |
33 | $5,155,000 |
$156,000 | $500,000 |
$58,000 | $123,000 |
| Application Withdrawn By Applicant |
25 | $4,296,000 |
$171,000 | $512,000 |
$75,000 | $190,000 |
| File Closed For Incompleteness |
21 | $5,617,000 |
$267,000 | $560,000 |
$79,000 | $169,000 |
| Loan Originated |
108 | $9,674,000 |
$89,000 | $600,000 |
$88,000 | $424,000 |
| 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 |
5 | $283,000 |
$56,000 | $100,000 |
$38,000 | $75,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,197,000 |
$108,000 | $349,000 |
$63,000 | $123,000 |
| Debt-To-Income Ratio |
14 | $3,101,000 |
$221,000 | $500,000 |
$62,000 | $107,000 |
| Employment History |
1 | $114,000 |
$114,000 | $114,000 |
$40,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $400,000 |
$400,000 | $400,000 |
$60,000 | $60,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ALLIANCE CREDIT UNION by:
Metropolitan Area And
County
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