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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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BELL COM CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
BELL COM CREDIT UNION |
| Address | 630 32ND ST SE
GRAND RAPIDS, MI 49548 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 229 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,155,000 |
| Average Mortgage Loan Amount Applied For | $85,000 |
| Highest Mortgage Loan Amount Applied For | $370,000 |
| Average Applicant Income | $51,333 |
| Highest Applicant Income | $388,000 |
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| Home Improvement |
129 | $1,828,000 |
$14,000 | $212,000 |
$60,000 | $199,000 |
| Home Purchase |
44 | $5,003,000 |
$113,000 | $252,000 |
$64,000 | $388,000 |
| Refinancing |
56 | $6,324,000 |
$112,000 | $370,000 |
$56,000 | $135,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
4 | $281,000 |
$70,000 | $160,000 |
$44,000 | $64,000 |
| Hispanic |
2 | $64,000 |
$32,000 | $52,000 |
$40,000 | $45,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $2,000 |
$2,000 | $2,000 |
$36,000 | $36,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $317,000 |
$39,000 | $197,000 |
$46,000 | $90,000 |
| White |
214 | $12,491,000 |
$58,000 | $370,000 |
$61,000 | $388,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
229 | $13,155,000 |
$57,000 | $370,000 |
$60,000 | $388,000 |
| 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 | $9,000 |
$9,000 | $9,000 |
$24,000 | $24,000 |
| Application Denied By Financial Institution |
8 | $704,000 |
$88,000 | $197,000 |
$43,000 | $73,000 |
| Application Withdrawn By Applicant |
3 | $425,000 |
$141,000 | $185,000 |
$64,000 | $67,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
217 | $12,017,000 |
$55,000 | $370,000 |
$61,000 | $388,000 |
| 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 |
4 | $215,000 |
$53,000 | $140,000 |
$42,000 | $73,000 |
| Debt-To-Income Ratio |
4 | $489,000 |
$122,000 | $197,000 |
$43,000 | $53,000 |
| 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 BELL COM CREDIT UNION by:
Metropolitan Area And
County
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