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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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FIRST ALLIANCE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST ALLIANCE CREDIT UNION |
| Address | 501 16TH ST SE
ROCHESTER, MN 55904 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 108 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,554,000 |
| Average Mortgage Loan Amount Applied For | $97,000 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $72,000 |
| Highest Applicant Income | $400,000 |
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| Home Improvement |
42 | $1,391,000 |
$33,000 | $125,000 |
$76,000 | $142,000 |
| Home Purchase |
48 | $7,126,000 |
$148,000 | $417,000 |
$71,000 | $400,000 |
| Refinancing |
19 | $2,193,000 |
$115,000 | $176,000 |
$63,000 | $150,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $8,000 |
$8,000 | $8,000 |
$82,000 | $82,000 |
| 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 |
108 | $10,702,000 |
$99,000 | $417,000 |
$71,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
109 | $10,710,000 |
$98,000 | $417,000 |
$72,000 | $400,000 |
| 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 |
7 | $924,000 |
$132,000 | $190,000 |
$45,000 | $81,000 |
| Application Denied By Financial Institution |
4 | $741,000 |
$185,000 | $284,000 |
$69,000 | $75,000 |
| Application Withdrawn By Applicant |
4 | $473,000 |
$118,000 | $237,000 |
$57,000 | $81,000 |
| File Closed For Incompleteness |
5 | $738,000 |
$147,000 | $225,000 |
$62,000 | $86,000 |
| Loan Originated |
88 | $7,678,000 |
$87,000 | $417,000 |
$75,000 | $400,000 |
| 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 | $156,000 |
$156,000 | $156,000 |
$75,000 | $75,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $312,000 |
$156,000 | $156,000 |
$75,000 | $75,000 |
| Debt-To-Income Ratio |
3 | $585,000 |
$195,000 | $284,000 |
$68,000 | $70,000 |
| 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 FIRST ALLIANCE CREDIT UNION by:
Metropolitan Area And
County
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