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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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DIGITAL FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
DIGITAL FEDERAL CREDIT UNION |
| Address | 220 DONALD LYNCH BLVD
MARLBOROUGH, MA 01752 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,762 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $430,972,000 |
| Average Mortgage Loan Amount Applied For | $252,860 |
| Highest Mortgage Loan Amount Applied For | $2,935,000 |
| Average Applicant Income | $98,949 |
| Highest Applicant Income | $986,000 |
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| Home Improvement |
2 | $508,000 |
$254,000 | $275,000 |
$57,000 | $60,000 |
| Home Purchase |
1,137 | $283,737,000 |
$249,000 | $2,935,000 |
$89,000 | $563,000 |
| Refinancing |
909 | $218,480,000 |
$240,000 | $1,920,000 |
$89,000 | $986,000 |
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| American Indian or Alaskan Native |
3 | $642,000 |
$214,000 | $290,000 |
$60,000 | $81,000 |
| Asian |
125 | $38,423,000 |
$307,000 | $787,000 |
$106,000 | $272,000 |
| Black or African American |
57 | $12,995,000 |
$227,000 | $378,000 |
$63,000 | $156,000 |
| Hispanic |
74 | $15,977,000 |
$215,000 | $573,000 |
$65,000 | $191,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,120,000 |
$224,000 | $344,000 |
$103,000 | $178,000 |
| Not applicable |
17 | $12,069,000 |
$709,000 | $2,935,000 |
$0 | $0 |
| Not Provided |
1,040 | $261,249,000 |
$251,000 | $1,920,000 |
$92,000 | $986,000 |
| White |
727 | $160,250,000 |
$220,000 | $1,775,000 |
$89,000 | $563,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,047 | $502,469,000 |
$245,000 | $2,935,000 |
$89,000 | $986,000 |
| 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) |
1 | $256,000 |
$256,000 | $256,000 |
$82,000 | $82,000 |
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| Application Approved But Not Accepted |
35 | $10,244,000 |
$292,000 | $735,000 |
$105,000 | $187,000 |
| Application Denied By Financial Institution |
357 | $86,314,000 |
$241,000 | $1,920,000 |
$71,000 | $350,000 |
| Application Withdrawn By Applicant |
273 | $70,023,000 |
$256,000 | $978,000 |
$96,000 | $563,000 |
| File Closed For Incompleteness |
192 | $51,232,000 |
$266,000 | $840,000 |
$102,000 | $986,000 |
| Loan Originated |
930 | $219,877,000 |
$236,000 | $2,935,000 |
$96,000 | $814,000 |
| 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 |
261 | $65,035,000 |
$249,000 | $750,000 |
$70,000 | $285,000 |
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| Collateral |
43 | $11,758,000 |
$273,000 | $1,920,000 |
$92,000 | $247,000 |
| Credit Application Incomplete |
55 | $15,090,000 |
$274,000 | $700,000 |
$87,000 | $285,000 |
| Credit History |
232 | $50,878,000 |
$219,000 | $540,000 |
$77,000 | $350,000 |
| Debt-To-Income Ratio |
249 | $63,820,000 |
$256,000 | $750,000 |
$56,000 | $214,000 |
| Employment History |
4 | $1,109,000 |
$277,000 | $425,000 |
$83,000 | $165,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
14 | $3,267,000 |
$233,000 | $620,000 |
$56,000 | $129,000 |
| Mortgage Insurance Denied |
3 | $604,000 |
$201,000 | $232,000 |
$48,000 | $58,000 |
| Other |
7 | $1,019,000 |
$145,000 | $315,000 |
$93,000 | $119,000 |
| Unverifiable Information |
8 | $3,014,000 |
$376,000 | $608,000 |
$95,000 | $252,000 |
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Mortgage Loan App Totals for DIGITAL FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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