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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 ATLANTIC FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST ATLANTIC FCU |
| Address | 468 INUDSTRIAL WAY WEST
EATONTOWN, NJ 07724 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 477 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,831,000 |
| Average Mortgage Loan Amount Applied For | $88,750 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $95,107 |
| Highest Applicant Income | $436,000 |
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| Home Improvement |
344 | $20,526,000 |
$59,000 | $600,000 |
$103,000 | $436,000 |
| Home Purchase |
48 | $6,238,000 |
$129,000 | $400,000 |
$88,000 | $225,000 |
| Refinancing |
85 | $12,067,000 |
$141,000 | $464,000 |
$97,000 | $229,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
10 | $1,094,000 |
$109,000 | $296,000 |
$120,000 | $226,000 |
| Black or African American |
15 | $2,153,000 |
$143,000 | $350,000 |
$83,000 | $143,000 |
| Hispanic |
3 | $110,000 |
$36,000 | $50,000 |
$92,000 | $117,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
304 | $19,975,000 |
$65,000 | $409,000 |
$101,000 | $316,000 |
| White |
145 | $15,499,000 |
$106,000 | $600,000 |
$100,000 | $436,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
477 | $38,831,000 |
$81,000 | $600,000 |
$101,000 | $436,000 |
| 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 |
100 | $8,113,000 |
$81,000 | $464,000 |
$75,000 | $232,000 |
| Application Withdrawn By Applicant |
69 | $6,651,000 |
$96,000 | $400,000 |
$96,000 | $226,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
308 | $24,067,000 |
$78,000 | $600,000 |
$110,000 | $436,000 |
| 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 |
4 | $197,000 |
$49,000 | $94,000 |
$67,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
32 | $1,909,000 |
$59,000 | $464,000 |
$94,000 | $177,000 |
| Debt-To-Income Ratio |
59 | $5,455,000 |
$92,000 | $409,000 |
$66,000 | $232,000 |
| 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 ATLANTIC FCU by:
Metropolitan Area And
County
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