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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 COMMUNITY FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST COMMUNITY FCU |
| Address | 550 S RIVERVIEW DR
PARCHMENT, MI 49004 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 214 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,683,000 |
| Average Mortgage Loan Amount Applied For | $61,571 |
| Highest Mortgage Loan Amount Applied For | $340,000 |
| Average Applicant Income | $42,428 |
| Highest Applicant Income | $300,000 |
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| Home Improvement |
90 | $1,275,000 |
$14,000 | $83,000 |
$48,000 | $108,000 |
| Home Purchase |
25 | $2,830,000 |
$113,000 | $340,000 |
$54,000 | $217,000 |
| Refinancing |
99 | $8,578,000 |
$86,000 | $264,000 |
$50,000 | $300,000 |
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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 |
8 | $543,000 |
$67,000 | $148,000 |
$54,000 | $108,000 |
| Hispanic |
3 | $207,000 |
$69,000 | $155,000 |
$58,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $108,000 |
$108,000 | $108,000 |
$57,000 | $57,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
202 | $11,825,000 |
$58,000 | $340,000 |
$49,000 | $300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
214 | $12,683,000 |
$59,000 | $340,000 |
$50,000 | $300,000 |
| 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 |
13 | $843,000 |
$64,000 | $188,000 |
$39,000 | $83,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
201 | $11,840,000 |
$58,000 | $340,000 |
$50,000 | $300,000 |
| 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 |
10 | $563,000 |
$56,000 | $128,000 |
$40,000 | $83,000 |
| Debt-To-Income Ratio |
2 | $230,000 |
$115,000 | $188,000 |
$51,000 | $54,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $50,000 |
$50,000 | $50,000 |
$10,000 | $10,000 |
| 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 FIRST COMMUNITY FCU by:
Metropolitan Area And
County
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