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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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DOMINION CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
DOMINION CREDIT UNION |
| Address | 701 EAST CARY STREET
RICHMOND, VA 23219 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 124 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,294,000 |
| Average Mortgage Loan Amount Applied For | $107,439 |
| Highest Mortgage Loan Amount Applied For | $423,000 |
| Average Applicant Income | $87,853 |
| Highest Applicant Income | $357,000 |
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| Home Improvement |
68 | $5,503,000 |
$80,000 | $290,000 |
$84,000 | $185,000 |
| Home Purchase |
46 | $9,566,000 |
$207,000 | $412,000 |
$99,000 | $357,000 |
| Refinancing |
32 | $5,307,000 |
$165,000 | $423,000 |
$91,000 | $300,000 |
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| American Indian or Alaskan Native |
1 | $352,000 |
$352,000 | $352,000 |
$92,000 | $92,000 |
| Asian |
1 | $365,000 |
$365,000 | $365,000 |
$155,000 | $155,000 |
| Black or African American |
12 | $1,830,000 |
$152,000 | $290,000 |
$83,000 | $149,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
67 | $5,131,000 |
$76,000 | $275,000 |
$92,000 | $357,000 |
| White |
65 | $12,698,000 |
$195,000 | $423,000 |
$89,000 | $208,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
146 | $20,376,000 |
$139,000 | $423,000 |
$90,000 | $357,000 |
| 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 |
16 | $2,374,000 |
$148,000 | $320,000 |
$89,000 | $141,000 |
| Application Denied By Financial Institution |
19 | $3,196,000 |
$168,000 | $423,000 |
$94,000 | $357,000 |
| Application Withdrawn By Applicant |
5 | $515,000 |
$103,000 | $158,000 |
$114,000 | $300,000 |
| File Closed For Incompleteness |
2 | $40,000 |
$20,000 | $33,000 |
$63,000 | $68,000 |
| Loan Originated |
93 | $11,246,000 |
$120,000 | $365,000 |
$88,000 | $195,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
10 | $2,627,000 |
$262,000 | $412,000 |
$98,000 | $208,000 |
| Preapproval Denied by Financial Institution |
1 | $378,000 |
$378,000 | $378,000 |
$130,000 | $130,000 |
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| Collateral |
3 | $699,000 |
$233,000 | $423,000 |
$202,000 | $357,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $2,176,000 |
$181,000 | $378,000 |
$85,000 | $149,000 |
| Debt-To-Income Ratio |
4 | $559,000 |
$139,000 | $200,000 |
$66,000 | $95,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $140,000 |
$140,000 | $140,000 |
$36,000 | $36,000 |
| 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 DOMINION CREDIT UNION by:
Metropolitan Area And
County
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