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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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FINANCE CENTER FEDERAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
FINANCE CENTER FEDERAL CU |
| Address | 7101 E 56TH STREET
INDIANAPOLIS, IN 46226 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 546 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,827,000 |
| Average Mortgage Loan Amount Applied For | $49,937 |
| Highest Mortgage Loan Amount Applied For | $447,000 |
| Average Applicant Income | $70,875 |
| Highest Applicant Income | $342,000 |
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| Home Improvement |
189 | $3,366,000 |
$17,000 | $125,000 |
$61,000 | $232,000 |
| Home Purchase |
85 | $8,851,000 |
$104,000 | $463,000 |
$67,000 | $223,000 |
| Refinancing |
300 | $18,021,000 |
$60,000 | $447,000 |
$69,000 | $342,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $192,000 |
$38,000 | $150,000 |
$55,000 | $123,000 |
| Black or African American |
120 | $6,270,000 |
$52,000 | $350,000 |
$58,000 | $174,000 |
| Hispanic |
11 | $686,000 |
$62,000 | $135,000 |
$71,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $56,000 |
$56,000 | $56,000 |
$72,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
21 | $351,000 |
$16,000 | $80,000 |
$53,000 | $122,000 |
| White |
416 | $22,683,000 |
$54,000 | $463,000 |
$69,000 | $342,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
574 | $30,238,000 |
$52,000 | $463,000 |
$66,000 | $342,000 |
| 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 | $1,143,000 |
$71,000 | $350,000 |
$61,000 | $136,000 |
| Application Denied By Financial Institution |
119 | $4,545,000 |
$38,000 | $200,000 |
$52,000 | $173,000 |
| Application Withdrawn By Applicant |
75 | $5,113,000 |
$68,000 | $300,000 |
$68,000 | $221,000 |
| File Closed For Incompleteness |
60 | $4,568,000 |
$76,000 | $463,000 |
$67,000 | $223,000 |
| Loan Originated |
303 | $14,794,000 |
$48,000 | $447,000 |
$72,000 | $342,000 |
| 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 |
1 | $75,000 |
$75,000 | $75,000 |
$63,000 | $63,000 |
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| Collateral |
3 | $97,000 |
$32,000 | $57,000 |
$98,000 | $173,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
40 | $1,816,000 |
$45,000 | $200,000 |
$50,000 | $130,000 |
| Debt-To-Income Ratio |
23 | $987,000 |
$42,000 | $190,000 |
$53,000 | $126,000 |
| 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 |
1 | $30,000 |
$30,000 | $30,000 |
$131,000 | $131,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FINANCE CENTER FEDERAL CU by:
Metropolitan Area And
County
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