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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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CHARTWAY FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHARTWAY FCU |
| Address | 160 NEWTOWN ROAD
CHESAPEAKE, VA 23321 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 372 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,697,000 |
| Average Mortgage Loan Amount Applied For | $53,875 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $65,875 |
| Highest Applicant Income | $407,000 |
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| Home Improvement |
294 | $13,147,000 |
$44,000 | $300,000 |
$71,000 | $407,000 |
| Home Purchase |
95 | $18,630,000 |
$196,000 | $499,000 |
$70,000 | $291,000 |
| Refinancing |
70 | $12,358,000 |
$176,000 | $500,000 |
$67,000 | $210,000 |
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| American Indian or Alaskan Native |
7 | $661,000 |
$94,000 | $212,000 |
$68,000 | $112,000 |
| Asian |
23 | $2,048,000 |
$89,000 | $228,000 |
$81,000 | $155,000 |
| Black or African American |
101 | $10,933,000 |
$108,000 | $390,000 |
$64,000 | $166,000 |
| Hispanic |
19 | $2,068,000 |
$108,000 | $500,000 |
$74,000 | $210,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $193,000 |
$32,000 | $70,000 |
$59,000 | $90,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
37 | $2,855,000 |
$77,000 | $260,000 |
$74,000 | $407,000 |
| White |
266 | $25,377,000 |
$95,000 | $499,000 |
$71,000 | $378,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
453 | $42,966,000 |
$94,000 | $500,000 |
$70,000 | $407,000 |
| 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) |
6 | $1,169,000 |
$194,000 | $306,000 |
$65,000 | $102,000 |
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| Application Approved But Not Accepted |
9 | $422,000 |
$46,000 | $95,000 |
$69,000 | $108,000 |
| Application Denied By Financial Institution |
13 | $1,316,000 |
$101,000 | $250,000 |
$51,000 | $85,000 |
| Application Withdrawn By Applicant |
104 | $18,759,000 |
$180,000 | $417,000 |
$70,000 | $165,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
333 | $23,638,000 |
$70,000 | $500,000 |
$71,000 | $407,000 |
| 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 | $121,000 |
$30,000 | $50,000 |
$51,000 | $85,000 |
| Debt-To-Income Ratio |
1 | $20,000 |
$20,000 | $20,000 |
$38,000 | $38,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $110,000 |
$110,000 | $110,000 |
$38,000 | $38,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $56,000 |
$56,000 | $56,000 |
$41,000 | $41,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CHARTWAY FCU by:
Metropolitan Area And
County
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