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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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ASSOCIATED CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ASSOCIATED CREDIT UNION |
| Address | 6251 CROOKED CREEK ROAD
NORCROSS, GA 30092 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 255 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,657,000 |
| Average Mortgage Loan Amount Applied For | $172,057 |
| Highest Mortgage Loan Amount Applied For | $720,000 |
| Average Applicant Income | $80,057 |
| Highest Applicant Income | $306,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
98 | $18,173,000 |
$185,000 | $720,000 |
$71,000 | $306,000 |
| Refinancing |
178 | $28,022,000 |
$157,000 | $600,000 |
$74,000 | $300,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $204,000 |
$102,000 | $129,000 |
$42,000 | $58,000 |
| Black or African American |
61 | $9,088,000 |
$148,000 | $417,000 |
$58,000 | $153,000 |
| Hispanic |
9 | $1,113,000 |
$123,000 | $234,000 |
$56,000 | $113,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
80 | $13,636,000 |
$170,000 | $488,000 |
$71,000 | $300,000 |
| White |
124 | $22,154,000 |
$178,000 | $720,000 |
$83,000 | $306,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
275 | $45,925,000 |
$167,000 | $720,000 |
$73,000 | $306,000 |
| 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) |
1 | $270,000 |
$270,000 | $270,000 |
$51,000 | $51,000 |
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| Application Approved But Not Accepted |
1 | $210,000 |
$210,000 | $210,000 |
$70,000 | $70,000 |
| Application Denied By Financial Institution |
52 | $8,626,000 |
$165,000 | $443,000 |
$56,000 | $125,000 |
| Application Withdrawn By Applicant |
101 | $16,835,000 |
$166,000 | $454,000 |
$67,000 | $169,000 |
| File Closed For Incompleteness |
1 | $109,000 |
$109,000 | $109,000 |
$49,000 | $49,000 |
| Loan Originated |
121 | $20,415,000 |
$168,000 | $720,000 |
$85,000 | $306,000 |
| 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 |
3 | $330,000 |
$110,000 | $129,000 |
$50,000 | $58,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
35 | $5,809,000 |
$165,000 | $414,000 |
$55,000 | $125,000 |
| Debt-To-Income Ratio |
9 | $1,776,000 |
$197,000 | $443,000 |
$63,000 | $108,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $263,000 |
$131,000 | $179,000 |
$47,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $448,000 |
$149,000 | $155,000 |
$61,000 | $95,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ASSOCIATED CREDIT UNION by:
Metropolitan Area And
County
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