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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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DESERET FIRST CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
DESERET FIRST CREDIT UNION |
| Address | 2480S 3850W SUITE C
WEST VALLEY, UT 84120 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,132 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $80,960,000 |
| Average Mortgage Loan Amount Applied For | $69,982 |
| Highest Mortgage Loan Amount Applied For | $680,000 |
| Average Applicant Income | $78,553 |
| Highest Applicant Income | $668,000 |
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| Home Improvement |
190 | $9,162,000 |
$48,000 | $264,000 |
$80,000 | $254,000 |
| Home Purchase |
68 | $10,198,000 |
$149,000 | $680,000 |
$83,000 | $360,000 |
| Refinancing |
874 | $61,600,000 |
$70,000 | $625,000 |
$82,000 | $668,000 |
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| American Indian or Alaskan Native |
1 | $31,000 |
$31,000 | $31,000 |
$42,000 | $42,000 |
| Asian |
5 | $369,000 |
$73,000 | $125,000 |
$37,000 | $70,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
33 | $2,014,000 |
$61,000 | $244,000 |
$71,000 | $139,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $59,000 |
$29,000 | $40,000 |
$63,000 | $65,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
1,091 | $78,487,000 |
$71,000 | $680,000 |
$83,000 | $668,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,132 | $80,960,000 |
$71,000 | $680,000 |
$82,000 | $668,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
35 | $3,073,000 |
$87,000 | $560,000 |
$70,000 | $360,000 |
| Application Withdrawn By Applicant |
202 | $14,708,000 |
$72,000 | $680,000 |
$73,000 | $400,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
895 | $63,179,000 |
$70,000 | $625,000 |
$85,000 | $668,000 |
| 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 |
4 | $1,108,000 |
$277,000 | $560,000 |
$131,000 | $360,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $446,000 |
$44,000 | $135,000 |
$49,000 | $72,000 |
| Debt-To-Income Ratio |
15 | $761,000 |
$50,000 | $142,000 |
$50,000 | $106,000 |
| Employment History |
2 | $85,000 |
$42,000 | $65,000 |
$90,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $673,000 |
$168,000 | $485,000 |
$124,000 | $342,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DESERET FIRST CREDIT UNION by:
Metropolitan Area And
County
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