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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 RESOURCES FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
FINANCIAL RESOURCES FCU |
| Address | 520 ROUTE 22 EAST
BRIDGEWATER, NJ 08807 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 54 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,339,000 |
| Average Mortgage Loan Amount Applied For | $213,212 |
| Highest Mortgage Loan Amount Applied For | $610,000 |
| Average Applicant Income | $130,636 |
| Highest Applicant Income | $426,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
24 | $5,445,000 |
$226,000 | $472,000 |
$146,000 | $426,000 |
| Refinancing |
30 | $6,894,000 |
$229,000 | $610,000 |
$116,000 | $284,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $396,000 |
$198,000 | $226,000 |
$143,000 | $205,000 |
| Black or African American |
3 | $545,000 |
$181,000 | $300,000 |
$78,000 | $124,000 |
| Hispanic |
2 | $457,000 |
$228,000 | $332,000 |
$90,000 | $109,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
27 | $5,980,000 |
$221,000 | $610,000 |
$114,000 | $426,000 |
| White |
20 | $4,961,000 |
$248,000 | $415,000 |
$159,000 | $284,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
54 | $12,339,000 |
$228,000 | $610,000 |
$129,000 | $426,000 |
| 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 |
10 | $1,887,000 |
$188,000 | $610,000 |
$67,000 | $140,000 |
| Application Withdrawn By Applicant |
22 | $4,740,000 |
$215,000 | $411,000 |
$142,000 | $426,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
22 | $5,712,000 |
$259,000 | $490,000 |
$144,000 | $325,000 |
| 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 | $527,000 |
$105,000 | $135,000 |
$47,000 | $66,000 |
| Debt-To-Income Ratio |
4 | $1,303,000 |
$325,000 | $610,000 |
$98,000 | $140,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $57,000 |
$57,000 | $57,000 |
$42,000 | $42,000 |
| 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 FINANCIAL RESOURCES FCU by:
Metropolitan Area And
County
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