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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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COMMUNITY CREDIT UNION OF LYNN
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNITY CREDIT UNION OF LYNN |
| Address | ONE ANDREW STREET
LYNN, MA 01901 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 65 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,195,000 |
| Average Mortgage Loan Amount Applied For | $210,500 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $83,625 |
| Highest Applicant Income | $705,000 |
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| Home Improvement |
10 | $676,000 |
$67,000 | $200,000 |
$70,000 | $242,000 |
| Home Purchase |
23 | $6,516,000 |
$283,000 | $750,000 |
$117,000 | $705,000 |
| Refinancing |
32 | $5,003,000 |
$156,000 | $500,000 |
$43,000 | $221,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $440,000 |
$440,000 | $440,000 |
$89,000 | $89,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
6 | $1,298,000 |
$216,000 | $465,000 |
$39,000 | $93,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $399,000 |
$399,000 | $399,000 |
$64,000 | $64,000 |
| Not applicable |
2 | $452,000 |
$226,000 | $280,000 |
$0 | $0 |
| Not Provided |
3 | $469,000 |
$156,000 | $300,000 |
$99,000 | $206,000 |
| White |
52 | $9,137,000 |
$175,000 | $750,000 |
$78,000 | $705,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
65 | $12,195,000 |
$187,000 | $750,000 |
$73,000 | $705,000 |
| 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 |
1 | $200,000 |
$200,000 | $200,000 |
$44,000 | $44,000 |
| Application Denied By Financial Institution |
9 | $2,238,000 |
$248,000 | $500,000 |
$53,000 | $93,000 |
| Application Withdrawn By Applicant |
19 | $3,846,000 |
$202,000 | $399,000 |
$120,000 | $705,000 |
| File Closed For Incompleteness |
1 | $75,000 |
$75,000 | $75,000 |
$15,000 | $15,000 |
| Loan Originated |
35 | $5,836,000 |
$166,000 | $750,000 |
$55,000 | $221,000 |
| 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 COMMUNITY CREDIT UNION OF LYNN by:
Metropolitan Area And
County
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