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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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FAA CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FAA CREDIT UNION |
| Address | P.O. BOX 26406
OKLAHOMA CITY, OK 73126 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 943 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $75,426,000 |
| Average Mortgage Loan Amount Applied For | $121,084 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $78,469 |
| Highest Applicant Income | $354,000 |
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| Home Improvement |
84 | $2,058,000 |
$24,000 | $100,000 |
$74,000 | $354,000 |
| Home Purchase |
366 | $45,686,000 |
$124,000 | $417,000 |
$69,000 | $318,000 |
| Refinancing |
493 | $27,682,000 |
$56,000 | $417,000 |
$71,000 | $233,000 |
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| American Indian or Alaskan Native |
33 | $2,453,000 |
$74,000 | $226,000 |
$66,000 | $144,000 |
| Asian |
19 | $1,971,000 |
$103,000 | $230,000 |
$71,000 | $174,000 |
| Black or African American |
60 | $4,635,000 |
$77,000 | $250,000 |
$65,000 | $155,000 |
| Hispanic |
55 | $3,788,000 |
$68,000 | $250,000 |
$44,000 | $116,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $60,000 |
$60,000 | $60,000 |
$78,000 | $78,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
775 | $62,519,000 |
$80,000 | $417,000 |
$73,000 | $354,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
926 | $72,502,000 |
$78,000 | $417,000 |
$71,000 | $354,000 |
| FHA-insured (Federal Housing Administration) |
1 | $118,000 |
$118,000 | $118,000 |
$84,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
16 | $2,806,000 |
$175,000 | $256,000 |
$72,000 | $119,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
99 | $7,026,000 |
$70,000 | $250,000 |
$49,000 | $135,000 |
| Application Withdrawn By Applicant |
238 | $27,794,000 |
$116,000 | $417,000 |
$75,000 | $354,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
606 | $40,606,000 |
$67,000 | $417,000 |
$73,000 | $318,000 |
| 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 |
5 | $288,000 |
$57,000 | $145,000 |
$55,000 | $95,000 |
| Credit Application Incomplete |
3 | $282,000 |
$94,000 | $112,000 |
$31,000 | $37,000 |
| Credit History |
62 | $4,541,000 |
$73,000 | $250,000 |
$48,000 | $135,000 |
| Debt-To-Income Ratio |
14 | $936,000 |
$66,000 | $156,000 |
$48,000 | $100,000 |
| Employment History |
4 | $219,000 |
$54,000 | $87,000 |
$38,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $47,000 |
$47,000 | $47,000 |
$72,000 | $72,000 |
| Other |
2 | $61,000 |
$30,000 | $41,000 |
$68,000 | $99,000 |
| Unverifiable Information |
4 | $419,000 |
$104,000 | $175,000 |
$72,000 | $127,000 |
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Mortgage Loan App Totals for FAA CREDIT UNION by:
Metropolitan Area And
County
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