|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
CREDIT UNION OF NEW JERSEY
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
CREDIT UNION OF NEW JERSEY |
| Address | 1301 PARKWAY AVE
EWING, NJ 08628 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 594 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $52,900,000 |
| Average Mortgage Loan Amount Applied For | $102,421 |
| Highest Mortgage Loan Amount Applied For | $460,000 |
| Average Applicant Income | $81,631 |
| Highest Applicant Income | $304,000 |
|
|
|
| Home Improvement |
277 | $14,028,000 |
$50,000 | $285,000 |
$83,000 | $304,000 |
| Home Purchase |
49 | $9,498,000 |
$193,000 | $416,000 |
$84,000 | $176,000 |
| Refinancing |
268 | $29,374,000 |
$109,000 | $460,000 |
$79,000 | $185,000 |
|
|
| American Indian or Alaskan Native |
2 | $124,000 |
$62,000 | $114,000 |
$51,000 | $56,000 |
| Asian |
21 | $2,576,000 |
$122,000 | $460,000 |
$90,000 | $185,000 |
| Black or African American |
128 | $11,763,000 |
$91,000 | $409,000 |
$68,000 | $164,000 |
| Hispanic |
38 | $3,441,000 |
$90,000 | $400,000 |
$68,000 | $131,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $458,000 |
$114,000 | $170,000 |
$92,000 | $148,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
117 | $6,394,000 |
$54,000 | $310,000 |
$82,000 | $191,000 |
| White |
284 | $28,144,000 |
$99,000 | $416,000 |
$88,000 | $304,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
594 | $52,900,000 |
$89,000 | $460,000 |
$81,000 | $304,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
139 | $16,089,000 |
$115,000 | $416,000 |
$66,000 | $176,000 |
| Application Withdrawn By Applicant |
91 | $8,741,000 |
$96,000 | $460,000 |
$81,000 | $207,000 |
| File Closed For Incompleteness |
1 | $12,000 |
$12,000 | $12,000 |
$82,000 | $82,000 |
| Loan Originated |
363 | $28,058,000 |
$77,000 | $415,000 |
$87,000 | $304,000 |
| 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 |
|
|
| Collateral |
8 | $1,011,000 |
$126,000 | $341,000 |
$75,000 | $137,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
66 | $7,679,000 |
$116,000 | $350,000 |
$64,000 | $159,000 |
| Debt-To-Income Ratio |
42 | $5,253,000 |
$125,000 | $416,000 |
$68,000 | $164,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $170,000 |
$85,000 | $150,000 |
$133,000 | $176,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $30,000 |
$30,000 | $30,000 |
$75,000 | $75,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for CREDIT UNION OF NEW JERSEY by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
