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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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DESCO FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
DESCO FEDERAL CREDIT UNION |
| Address | 401 CHILLICOTHE ST
PORTSMOUTH, OH 45662 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 114 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,753,000 |
| Average Mortgage Loan Amount Applied For | $45,800 |
| Highest Mortgage Loan Amount Applied For | $244,000 |
| Average Applicant Income | $54,200 |
| Highest Applicant Income | $256,000 |
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| Home Improvement |
129 | $727,000 |
$5,000 | $28,000 |
$46,000 | $132,000 |
| Home Purchase |
119 | $6,492,000 |
$54,000 | $198,000 |
$54,000 | $189,000 |
| Refinancing |
265 | $15,173,000 |
$57,000 | $460,000 |
$58,000 | $330,000 |
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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 | $85,000 |
$42,000 | $59,000 |
$47,000 | $54,000 |
| Hispanic |
1 | $12,000 |
$12,000 | $12,000 |
$28,000 | $28,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $103,000 |
$103,000 | $103,000 |
$52,000 | $52,000 |
| White |
509 | $22,192,000 |
$43,000 | $460,000 |
$54,000 | $330,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
513 | $22,392,000 |
$43,000 | $460,000 |
$54,000 | $330,000 |
| 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 | $103,000 |
$103,000 | $103,000 |
$52,000 | $52,000 |
| Application Denied By Financial Institution |
31 | $1,598,000 |
$51,000 | $196,000 |
$39,000 | $108,000 |
| Application Withdrawn By Applicant |
8 | $799,000 |
$99,000 | $196,000 |
$74,000 | $124,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
473 | $19,892,000 |
$42,000 | $460,000 |
$55,000 | $330,000 |
| 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 |
17 | $598,000 |
$35,000 | $132,000 |
$32,000 | $69,000 |
| Debt-To-Income Ratio |
11 | $735,000 |
$66,000 | $196,000 |
$43,000 | $108,000 |
| Employment History |
1 | $100,000 |
$100,000 | $100,000 |
$32,000 | $32,000 |
| 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 DESCO FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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