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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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ARC FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ARC FEDERAL CREDIT UNION |
| Address | 1919 7TH AVENUE
ALTOONA, PA 16602 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 60 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,768,000 |
| Average Mortgage Loan Amount Applied For | $27,250 |
| Highest Mortgage Loan Amount Applied For | $170,000 |
| Average Applicant Income | $39,250 |
| Highest Applicant Income | $82,000 |
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| Home Improvement |
40 | $618,000 |
$15,000 | $60,000 |
$48,000 | $82,000 |
| Home Purchase |
8 | $891,000 |
$111,000 | $250,000 |
$51,000 | $76,000 |
| Refinancing |
15 | $769,000 |
$51,000 | $170,000 |
$43,000 | $79,000 |
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| American Indian or Alaskan Native |
2 | $70,000 |
$35,000 | $68,000 |
$44,000 | $57,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $8,000 |
$8,000 | $8,000 |
$36,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
60 | $2,200,000 |
$36,000 | $250,000 |
$47,000 | $82,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
63 | $2,278,000 |
$36,000 | $250,000 |
$47,000 | $82,000 |
| 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 |
2 | $41,000 |
$20,000 | $36,000 |
$36,000 | $41,000 |
| Application Denied By Financial Institution |
4 | $142,000 |
$35,000 | $58,000 |
$36,000 | $45,000 |
| Application Withdrawn By Applicant |
8 | $698,000 |
$87,000 | $250,000 |
$47,000 | $76,000 |
| File Closed For Incompleteness |
8 | $581,000 |
$72,000 | $170,000 |
$47,000 | $68,000 |
| Loan Originated |
41 | $816,000 |
$19,000 | $60,000 |
$48,000 | $82,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $75,000 |
$37,000 | $45,000 |
$42,000 | $45,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ARC FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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