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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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COASTAL FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
COASTAL FEDERAL CREDIT UNION |
| Address | PO BOX 99167
RALEIGH, NC 27624-9167 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 621 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $108,856,000 |
| Average Mortgage Loan Amount Applied For | $173,623 |
| Highest Mortgage Loan Amount Applied For | $670,000 |
| Average Applicant Income | $92,847 |
| Highest Applicant Income | $1,030,000 |
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| Home Improvement |
25 | $870,000 |
$34,000 | $200,000 |
$71,000 | $516,000 |
| Home Purchase |
403 | $74,639,000 |
$185,000 | $670,000 |
$94,000 | $1,030,000 |
| Refinancing |
193 | $33,347,000 |
$172,000 | $665,000 |
$87,000 | $224,000 |
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| American Indian or Alaskan Native |
5 | $670,000 |
$134,000 | $250,000 |
$77,000 | $177,000 |
| Asian |
34 | $7,719,000 |
$227,000 | $480,000 |
$94,000 | $163,000 |
| Black or African American |
60 | $10,278,000 |
$171,000 | $552,000 |
$71,000 | $233,000 |
| Hispanic |
15 | $2,762,000 |
$184,000 | $665,000 |
$63,000 | $116,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
149 | $22,701,000 |
$152,000 | $585,000 |
$90,000 | $516,000 |
| White |
358 | $64,726,000 |
$180,000 | $670,000 |
$96,000 | $1,030,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
619 | $108,417,000 |
$175,000 | $670,000 |
$91,000 | $1,030,000 |
| 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) |
2 | $439,000 |
$219,000 | $319,000 |
$111,000 | $175,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
137 | $19,506,000 |
$142,000 | $505,000 |
$61,000 | $516,000 |
| Application Withdrawn By Applicant |
185 | $34,378,000 |
$185,000 | $552,000 |
$97,000 | $1,030,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
299 | $54,972,000 |
$183,000 | $670,000 |
$101,000 | $889,000 |
| 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 |
10 | $1,527,000 |
$152,000 | $251,000 |
$93,000 | $157,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
57 | $8,173,000 |
$143,000 | $385,000 |
$70,000 | $516,000 |
| Debt-To-Income Ratio |
49 | $7,513,000 |
$153,000 | $400,000 |
$46,000 | $117,000 |
| Employment History |
4 | $281,000 |
$70,000 | $105,000 |
$45,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $941,000 |
$94,000 | $270,000 |
$44,000 | $96,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $367,000 |
$73,000 | $160,000 |
$72,000 | $99,000 |
| Unverifiable Information |
2 | $704,000 |
$352,000 | $505,000 |
$100,000 | $167,000 |
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Mortgage Loan App Totals for COASTAL FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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