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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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CHARTER OAK FEDERAL CREDIT UNI
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHARTER OAK FEDERAL CREDIT UNI |
| Address | 32 CHICAGO AVENUE
GROTON, CT 06385 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 810 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $62,249,000 |
| Average Mortgage Loan Amount Applied For | $72,750 |
| Highest Mortgage Loan Amount Applied For | $1,075,000 |
| Average Applicant Income | $81,666 |
| Highest Applicant Income | $448,000 |
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| Home Improvement |
349 | $13,261,000 |
$37,000 | $279,000 |
$71,000 | $448,000 |
| Home Purchase |
48 | $9,120,000 |
$190,000 | $448,000 |
$81,000 | $287,000 |
| Refinancing |
422 | $41,215,000 |
$97,000 | $1,075,000 |
$71,000 | $277,000 |
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| American Indian or Alaskan Native |
11 | $889,000 |
$80,000 | $260,000 |
$73,000 | $125,000 |
| Asian |
9 | $815,000 |
$90,000 | $295,000 |
$67,000 | $119,000 |
| Black or African American |
20 | $1,408,000 |
$70,000 | $448,000 |
$94,000 | $287,000 |
| Hispanic |
37 | $2,803,000 |
$75,000 | $287,000 |
$58,000 | $142,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $431,000 |
$107,000 | $161,000 |
$96,000 | $131,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
47 | $3,061,000 |
$65,000 | $238,000 |
$63,000 | $156,000 |
| White |
691 | $54,189,000 |
$78,000 | $1,075,000 |
$72,000 | $448,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
819 | $63,596,000 |
$77,000 | $1,075,000 |
$72,000 | $448,000 |
| 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 |
56 | $3,383,000 |
$60,000 | $200,000 |
$70,000 | $156,000 |
| Application Denied By Financial Institution |
114 | $7,966,000 |
$69,000 | $452,000 |
$57,000 | $190,000 |
| Application Withdrawn By Applicant |
19 | $1,711,000 |
$90,000 | $279,000 |
$62,000 | $102,000 |
| File Closed For Incompleteness |
3 | $258,000 |
$86,000 | $136,000 |
$57,000 | $64,000 |
| Loan Originated |
615 | $48,376,000 |
$78,000 | $1,075,000 |
$75,000 | $448,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $250,000 |
$125,000 | $150,000 |
$66,000 | $94,000 |
| Preapproval Denied by Financial Institution |
10 | $1,652,000 |
$165,000 | $270,000 |
$55,000 | $138,000 |
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| Collateral |
23 | $1,145,000 |
$49,000 | $150,000 |
$78,000 | $190,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
31 | $2,973,000 |
$95,000 | $285,000 |
$62,000 | $138,000 |
| Debt-To-Income Ratio |
63 | $4,637,000 |
$73,000 | $452,000 |
$46,000 | $170,000 |
| Employment History |
1 | $74,000 |
$74,000 | $74,000 |
$23,000 | $23,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $350,000 |
$350,000 | $350,000 |
$60,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $404,000 |
$101,000 | $203,000 |
$72,000 | $116,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHARTER OAK FEDERAL CREDIT UNI by:
Metropolitan Area And
County
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