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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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ATLANTIC FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ATLANTIC FEDERAL CREDIT UNION |
| Address | 37 MARKET STREET
KENILWORTH, NJ 07033 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 141 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,959,000 |
| Average Mortgage Loan Amount Applied For | $148,761 |
| Highest Mortgage Loan Amount Applied For | $520,000 |
| Average Applicant Income | $114,714 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
31 | $2,028,000 |
$65,000 | $200,000 |
$99,000 | $195,000 |
| Home Purchase |
36 | $8,531,000 |
$236,000 | $520,000 |
$121,000 | $480,000 |
| Refinancing |
74 | $10,400,000 |
$140,000 | $360,000 |
$93,000 | $333,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $651,000 |
$217,000 | $280,000 |
$87,000 | $134,000 |
| Black or African American |
15 | $1,901,000 |
$126,000 | $351,000 |
$85,000 | $202,000 |
| Hispanic |
16 | $2,432,000 |
$152,000 | $303,000 |
$92,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
49 | $7,026,000 |
$143,000 | $417,000 |
$114,000 | $333,000 |
| White |
58 | $8,949,000 |
$154,000 | $520,000 |
$99,000 | $268,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
141 | $20,959,000 |
$148,000 | $520,000 |
$102,000 | $480,000 |
| 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 |
1 | $338,000 |
$338,000 | $338,000 |
$95,000 | $95,000 |
| Application Denied By Financial Institution |
19 | $4,228,000 |
$222,000 | $401,000 |
$71,000 | $160,000 |
| Application Withdrawn By Applicant |
10 | $2,181,000 |
$218,000 | $520,000 |
$93,000 | $171,000 |
| File Closed For Incompleteness |
3 | $725,000 |
$241,000 | $350,000 |
$142,000 | $225,000 |
| Loan Originated |
108 | $13,487,000 |
$124,000 | $492,000 |
$107,000 | $480,000 |
| 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 | $560,000 |
$280,000 | $360,000 |
$126,000 | $160,000 |
| Debt-To-Income Ratio |
16 | $3,428,000 |
$214,000 | $401,000 |
$65,000 | $103,000 |
| 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 ATLANTIC FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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