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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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BEACH MUNICIPAL FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
BEACH MUNICIPAL FCU |
| Address | 4164 VIRGINIA BEACH BLVD
VIRGINIA BEACH, VA 23452 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 337 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $27,672,000 |
| Average Mortgage Loan Amount Applied For | $74,388 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $66,888 |
| Highest Applicant Income | $268,000 |
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| Home Improvement |
260 | $13,188,000 |
$50,000 | $245,000 |
$68,000 | $268,000 |
| Home Purchase |
18 | $3,191,000 |
$177,000 | $250,000 |
$56,000 | $93,000 |
| Refinancing |
59 | $11,293,000 |
$191,000 | $500,000 |
$66,000 | $155,000 |
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| American Indian or Alaskan Native |
2 | $100,000 |
$50,000 | $60,000 |
$75,000 | $106,000 |
| Asian |
3 | $540,000 |
$180,000 | $250,000 |
$70,000 | $90,000 |
| Black or African American |
71 | $5,923,000 |
$83,000 | $380,000 |
$57,000 | $143,000 |
| Hispanic |
4 | $234,000 |
$58,000 | $140,000 |
$44,000 | $51,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
37 | $2,201,000 |
$59,000 | $247,000 |
$64,000 | $111,000 |
| White |
220 | $18,674,000 |
$84,000 | $500,000 |
$72,000 | $268,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
337 | $27,672,000 |
$82,000 | $500,000 |
$67,000 | $268,000 |
| 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 | $38,000 |
$38,000 | $38,000 |
$61,000 | $61,000 |
| Application Denied By Financial Institution |
5 | $552,000 |
$110,000 | $177,000 |
$59,000 | $70,000 |
| Application Withdrawn By Applicant |
32 | $3,082,000 |
$96,000 | $390,000 |
$67,000 | $154,000 |
| File Closed For Incompleteness |
5 | $585,000 |
$117,000 | $250,000 |
$104,000 | $268,000 |
| Loan Originated |
294 | $23,415,000 |
$79,000 | $500,000 |
$67,000 | $225,000 |
| 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 |
2 | $73,000 |
$36,000 | $50,000 |
$68,000 | $70,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $334,000 |
$167,000 | $177,000 |
$59,000 | $61,000 |
| Debt-To-Income Ratio |
1 | $145,000 |
$145,000 | $145,000 |
$40,000 | $40,000 |
| 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 BEACH MUNICIPAL FCU by:
Metropolitan Area And
County
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