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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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ARIZONA STATE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ARIZONA STATE CREDIT UNION |
| Address | 5859 W. TALAVI BLVD., STE 165
GLENDALE, AZ 85306 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,501 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $161,102,000 |
| Average Mortgage Loan Amount Applied For | $98,571 |
| Highest Mortgage Loan Amount Applied For | $1,100,000 |
| Average Applicant Income | $54,428 |
| Highest Applicant Income | $247,000 |
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| Home Improvement |
229 | $7,731,000 |
$33,000 | $217,000 |
$67,000 | $247,000 |
| Home Purchase |
204 | $33,330,000 |
$163,000 | $417,000 |
$60,000 | $240,000 |
| Refinancing |
1,081 | $122,290,000 |
$113,000 | $1,100,000 |
$56,000 | $237,000 |
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| American Indian or Alaskan Native |
9 | $1,268,000 |
$140,000 | $285,000 |
$60,000 | $99,000 |
| Asian |
9 | $1,276,000 |
$141,000 | $204,000 |
$56,000 | $98,000 |
| Black or African American |
37 | $6,072,000 |
$164,000 | $408,000 |
$67,000 | $207,000 |
| Hispanic |
222 | $26,510,000 |
$119,000 | $417,000 |
$53,000 | $148,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $764,000 |
$127,000 | $305,000 |
$39,000 | $71,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
330 | $21,284,000 |
$64,000 | $308,000 |
$60,000 | $247,000 |
| White |
901 | $106,177,000 |
$117,000 | $1,100,000 |
$59,000 | $240,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,514 | $163,351,000 |
$107,000 | $1,100,000 |
$58,000 | $247,000 |
| 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 |
161 | $24,502,000 |
$152,000 | $351,000 |
$61,000 | $182,000 |
| Application Denied By Financial Institution |
241 | $34,229,000 |
$142,000 | $558,000 |
$50,000 | $180,000 |
| Application Withdrawn By Applicant |
14 | $1,405,000 |
$100,000 | $250,000 |
$66,000 | $140,000 |
| File Closed For Incompleteness |
2 | $232,000 |
$116,000 | $162,000 |
$113,000 | $184,000 |
| Loan Originated |
1,096 | $102,983,000 |
$93,000 | $1,100,000 |
$60,000 | $247,000 |
| 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 |
25 | $3,092,000 |
$123,000 | $405,000 |
$54,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
61 | $7,571,000 |
$124,000 | $410,000 |
$49,000 | $118,000 |
| Debt-To-Income Ratio |
72 | $11,493,000 |
$159,000 | $558,000 |
$48,000 | $176,000 |
| Employment History |
5 | $517,000 |
$103,000 | $246,000 |
$48,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
29 | $4,573,000 |
$157,000 | $288,000 |
$48,000 | $84,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
42 | $6,526,000 |
$155,000 | $417,000 |
$58,000 | $180,000 |
| Unverifiable Information |
7 | $457,000 |
$65,000 | $130,000 |
$44,000 | $80,000 |
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Mortgage Loan App Totals for ARIZONA STATE CREDIT UNION by:
Metropolitan Area And
County
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