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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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EDUCATIONAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
EDUCATIONAL CREDIT UNION |
| Address | 2808 SW ARROWHEAD RD
TOPEKA, KS 66614 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 115 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,734,000 |
| Average Mortgage Loan Amount Applied For | $44,636 |
| Highest Mortgage Loan Amount Applied For | $235,000 |
| Average Applicant Income | $75,000 |
| Highest Applicant Income | $288,000 |
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| Home Improvement |
63 | $1,661,000 |
$26,000 | $155,000 |
$69,000 | $137,000 |
| Home Purchase |
8 | $612,000 |
$76,000 | $145,000 |
$51,000 | $123,000 |
| Refinancing |
44 | $2,461,000 |
$55,000 | $235,000 |
$66,000 | $288,000 |
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| American Indian or Alaskan Native |
2 | $51,000 |
$25,000 | $36,000 |
$58,000 | $74,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
5 | $238,000 |
$47,000 | $160,000 |
$64,000 | $179,000 |
| Hispanic |
10 | $393,000 |
$39,000 | $110,000 |
$57,000 | $105,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $53,000 |
$17,000 | $20,000 |
$70,000 | $104,000 |
| White |
95 | $3,999,000 |
$42,000 | $235,000 |
$68,000 | $288,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
115 | $4,734,000 |
$41,000 | $235,000 |
$67,000 | $288,000 |
| 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 |
5 | $182,000 |
$36,000 | $72,000 |
$46,000 | $104,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
110 | $4,552,000 |
$41,000 | $235,000 |
$67,000 | $288,000 |
| 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 |
5 | $182,000 |
$36,000 | $72,000 |
$46,000 | $104,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 EDUCATIONAL CREDIT UNION by:
Metropolitan Area And
County
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