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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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FEDCHOICE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FEDCHOICE FEDERAL CREDIT UNION |
| Address | 10001 WILLOWDALE ROAD
LANHAM, MD 20706 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 532 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,679,000 |
| Average Mortgage Loan Amount Applied For | $64,346 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $96,480 |
| Highest Applicant Income | $425,000 |
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| Home Improvement |
402 | $22,425,000 |
$55,000 | $270,000 |
$102,000 | $425,000 |
| Home Purchase |
11 | $1,659,000 |
$150,000 | $417,000 |
$96,000 | $222,000 |
| Refinancing |
120 | $11,620,000 |
$96,000 | $410,000 |
$110,000 | $278,000 |
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| American Indian or Alaskan Native |
1 | $78,000 |
$78,000 | $78,000 |
$69,000 | $69,000 |
| Asian |
14 | $871,000 |
$62,000 | $125,000 |
$130,000 | $216,000 |
| Black or African American |
207 | $11,555,000 |
$55,000 | $394,000 |
$88,000 | $347,000 |
| Hispanic |
13 | $704,000 |
$54,000 | $200,000 |
$90,000 | $200,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $93,000 |
$31,000 | $55,000 |
$85,000 | $127,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
70 | $6,924,000 |
$98,000 | $417,000 |
$95,000 | $239,000 |
| White |
225 | $15,479,000 |
$68,000 | $410,000 |
$121,000 | $425,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
533 | $35,704,000 |
$66,000 | $417,000 |
$104,000 | $425,000 |
| 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 |
64 | $2,611,000 |
$40,000 | $200,000 |
$75,000 | $224,000 |
| Application Withdrawn By Applicant |
109 | $7,821,000 |
$71,000 | $250,000 |
$101,000 | $425,000 |
| File Closed For Incompleteness |
5 | $94,000 |
$18,000 | $40,000 |
$89,000 | $107,000 |
| Loan Originated |
355 | $25,178,000 |
$70,000 | $417,000 |
$110,000 | $347,000 |
| 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 |
32 | $1,080,000 |
$33,000 | $200,000 |
$67,000 | $153,000 |
| Debt-To-Income Ratio |
27 | $1,208,000 |
$44,000 | $150,000 |
$79,000 | $224,000 |
| 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 FEDCHOICE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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