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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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BESTSOURCE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
BESTSOURCE CREDIT UNION |
| Address | P.O. BOX 430568
PONTIAC, MI 48343 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 182 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,026,000 |
| Average Mortgage Loan Amount Applied For | $49,625 |
| Highest Mortgage Loan Amount Applied For | $250,000 |
| Average Applicant Income | $74,500 |
| Highest Applicant Income | $249,000 |
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| Home Improvement |
192 | $9,415,000 |
$49,000 | $250,000 |
$74,000 | $249,000 |
| Home Purchase |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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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 |
32 | $1,007,000 |
$31,000 | $100,000 |
$60,000 | $130,000 |
| Hispanic |
2 | $51,000 |
$25,000 | $40,000 |
$69,000 | $93,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
158 | $8,357,000 |
$52,000 | $250,000 |
$77,000 | $249,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
192 | $9,415,000 |
$49,000 | $250,000 |
$74,000 | $249,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
48 | $1,643,000 |
$34,000 | $100,000 |
$63,000 | $150,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
144 | $7,772,000 |
$53,000 | $250,000 |
$78,000 | $249,000 |
| 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 | $150,000 |
$50,000 | $80,000 |
$70,000 | $113,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $32,000 |
$32,000 | $32,000 |
$50,000 | $50,000 |
| Debt-To-Income Ratio |
2 | $20,000 |
$10,000 | $10,000 |
$45,000 | $51,000 |
| 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 |
41 | $1,411,000 |
$34,000 | $100,000 |
$64,000 | $150,000 |
| Unverifiable Information |
1 | $30,000 |
$30,000 | $30,000 |
$70,000 | $70,000 |
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Mortgage Loan App Totals for BESTSOURCE CREDIT UNION by:
Metropolitan Area And
County
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