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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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ARKANSAS FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ARKANSAS FEDERAL CREDIT UNION |
| Address | 2424 MARSHALL/PO BOX 9
JACKSONVILLE, AR 72078 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 911 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $71,068,000 |
| Average Mortgage Loan Amount Applied For | $71,288 |
| Highest Mortgage Loan Amount Applied For | $721,000 |
| Average Applicant Income | $73,442 |
| Highest Applicant Income | $289,000 |
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| Home Improvement |
254 | $7,692,000 |
$30,000 | $209,000 |
$78,000 | $283,000 |
| Home Purchase |
292 | $37,302,000 |
$127,000 | $460,000 |
$65,000 | $289,000 |
| Refinancing |
379 | $28,098,000 |
$74,000 | $721,000 |
$76,000 | $269,000 |
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| American Indian or Alaskan Native |
4 | $246,000 |
$61,000 | $111,000 |
$59,000 | $78,000 |
| Asian |
9 | $860,000 |
$95,000 | $225,000 |
$61,000 | $126,000 |
| Black or African American |
116 | $9,717,000 |
$83,000 | $436,000 |
$64,000 | $246,000 |
| Hispanic |
12 | $973,000 |
$81,000 | $175,000 |
$49,000 | $99,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $85,000 |
$42,000 | $73,000 |
$62,000 | $80,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
41 | $1,888,000 |
$46,000 | $164,000 |
$70,000 | $193,000 |
| White |
741 | $59,323,000 |
$80,000 | $721,000 |
$75,000 | $289,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
809 | $58,477,000 |
$72,000 | $721,000 |
$75,000 | $289,000 |
| FHA-insured (Federal Housing Administration) |
40 | $3,712,000 |
$92,000 | $188,000 |
$48,000 | $91,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $20,000 |
$20,000 | $20,000 |
$65,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
75 | $10,883,000 |
$145,000 | $306,000 |
$60,000 | $135,000 |
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| Application Approved But Not Accepted |
1 | $261,000 |
$261,000 | $261,000 |
$68,000 | $68,000 |
| Application Denied By Financial Institution |
26 | $2,009,000 |
$77,000 | $165,000 |
$46,000 | $98,000 |
| Application Withdrawn By Applicant |
36 | $5,301,000 |
$147,000 | $589,000 |
$74,000 | $181,000 |
| File Closed For Incompleteness |
10 | $1,503,000 |
$150,000 | $320,000 |
$84,000 | $215,000 |
| Loan Originated |
852 | $64,018,000 |
$75,000 | $721,000 |
$74,000 | $289,000 |
| 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 |
1 | $100,000 |
$100,000 | $100,000 |
$58,000 | $58,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $177,000 |
$35,000 | $50,000 |
$39,000 | $54,000 |
| Debt-To-Income Ratio |
2 | $38,000 |
$19,000 | $20,000 |
$28,000 | $41,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $155,000 |
$155,000 | $155,000 |
$34,000 | $34,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $244,000 |
$122,000 | $152,000 |
$50,000 | $58,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ARKANSAS FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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