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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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CHARLOTTE METRO CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHARLOTTE METRO CREDIT UNION |
| Address | 718 CENTRAL AVENUE
CHARLOTTE, NC 28204 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 128 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,319,000 |
| Average Mortgage Loan Amount Applied For | $147,181 |
| Highest Mortgage Loan Amount Applied For | $764,000 |
| Average Applicant Income | $91,545 |
| Highest Applicant Income | $360,000 |
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| Home Improvement |
27 | $890,000 |
$32,000 | $125,000 |
$77,000 | $187,000 |
| Home Purchase |
41 | $7,749,000 |
$189,000 | $764,000 |
$92,000 | $360,000 |
| Refinancing |
60 | $7,680,000 |
$128,000 | $615,000 |
$74,000 | $360,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $715,000 |
$178,000 | $264,000 |
$91,000 | $117,000 |
| Black or African American |
30 | $2,562,000 |
$85,000 | $300,000 |
$59,000 | $150,000 |
| Hispanic |
6 | $1,071,000 |
$178,000 | $378,000 |
$98,000 | $155,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $61,000 |
$20,000 | $25,000 |
$76,000 | $106,000 |
| White |
85 | $11,910,000 |
$140,000 | $764,000 |
$86,000 | $360,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
128 | $16,319,000 |
$127,000 | $764,000 |
$80,000 | $360,000 |
| 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 |
4 | $542,000 |
$135,000 | $300,000 |
$80,000 | $130,000 |
| Application Denied By Financial Institution |
8 | $656,000 |
$82,000 | $165,000 |
$57,000 | $80,000 |
| Application Withdrawn By Applicant |
6 | $481,000 |
$80,000 | $125,000 |
$85,000 | $150,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
110 | $14,640,000 |
$133,000 | $764,000 |
$82,000 | $360,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 CHARLOTTE METRO CREDIT UNION by:
Metropolitan Area And
County
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