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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 WEST CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
COMMUNITY WEST CREDIT UNION |
| Address | 4045 60TH ST SE
KENTWOOD, MI 49512 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 69 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,874,000 |
| Average Mortgage Loan Amount Applied For | $42,875 |
| Highest Mortgage Loan Amount Applied For | $283,000 |
| Average Applicant Income | $61,750 |
| Highest Applicant Income | $212,000 |
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| Home Improvement |
50 | $626,000 |
$12,000 | $90,000 |
$55,000 | $146,000 |
| Home Purchase |
8 | $1,227,000 |
$153,000 | $283,000 |
$89,000 | $212,000 |
| Refinancing |
11 | $1,021,000 |
$92,000 | $146,000 |
$43,000 | $66,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $29,000 |
$14,000 | $25,000 |
$40,000 | $42,000 |
| Hispanic |
5 | $270,000 |
$54,000 | $146,000 |
$42,000 | $84,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $9,000 |
$4,000 | $7,000 |
$96,000 | $132,000 |
| White |
60 | $2,566,000 |
$42,000 | $283,000 |
$58,000 | $212,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
69 | $2,874,000 |
$41,000 | $283,000 |
$57,000 | $212,000 |
| 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 |
2 | $21,000 |
$10,000 | $14,000 |
$39,000 | $40,000 |
| Application Denied By Financial Institution |
7 | $69,000 |
$9,000 | $25,000 |
$48,000 | $74,000 |
| Application Withdrawn By Applicant |
9 | $707,000 |
$78,000 | $230,000 |
$65,000 | $141,000 |
| File Closed For Incompleteness |
1 | $2,000 |
$2,000 | $2,000 |
$60,000 | $60,000 |
| Loan Originated |
50 | $2,075,000 |
$41,000 | $283,000 |
$58,000 | $212,000 |
| 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 |
2 | $37,000 |
$18,000 | $25,000 |
$62,000 | $74,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
5 | $32,000 |
$6,000 | $12,000 |
$43,000 | $71,000 |
| 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 WEST CREDIT UNION by:
Metropolitan Area And
County
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