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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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FINANCIAL PLUS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FINANCIAL PLUS CREDIT UNION |
| Address | 1831 25TH ST
WEST DES MOINES, IA 50266 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 49 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,526,000 |
| Average Mortgage Loan Amount Applied For | $24,400 |
| Highest Mortgage Loan Amount Applied For | $197,000 |
| Average Applicant Income | $66,600 |
| Highest Applicant Income | $185,000 |
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| Home Improvement |
40 | $782,000 |
$19,000 | $72,000 |
$63,000 | $133,000 |
| Home Purchase |
4 | $286,000 |
$71,000 | $81,000 |
$72,000 | $185,000 |
| Refinancing |
5 | $458,000 |
$91,000 | $197,000 |
$71,000 | $102,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $23,000 |
$11,000 | $13,000 |
$35,000 | $46,000 |
| Black or African American |
1 | $79,000 |
$79,000 | $79,000 |
$41,000 | $41,000 |
| Hispanic |
1 | $13,000 |
$13,000 | $13,000 |
$88,000 | $88,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
45 | $1,411,000 |
$31,000 | $197,000 |
$66,000 | $185,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
49 | $1,526,000 |
$31,000 | $197,000 |
$65,000 | $185,000 |
| 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 |
1 | $3,000 |
$3,000 | $3,000 |
$85,000 | $85,000 |
| Application Denied By Financial Institution |
5 | $230,000 |
$46,000 | $150,000 |
$48,000 | $73,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
43 | $1,293,000 |
$30,000 | $197,000 |
$66,000 | $185,000 |
| 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 |
1 | $10,000 |
$10,000 | $10,000 |
$28,000 | $28,000 |
| Debt-To-Income Ratio |
2 | $60,000 |
$30,000 | $45,000 |
$58,000 | $73,000 |
| 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 |
1 | $10,000 |
$10,000 | $10,000 |
$24,000 | $24,000 |
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Mortgage Loan App Totals for FINANCIAL PLUS CREDIT UNION by:
Metropolitan Area And
County
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