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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 CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST CREDIT UNION |
| Address | 25 SOUTH ARIZONA,111
CHANDLER, AZ 85225 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 721 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $121,076,000 |
| Average Mortgage Loan Amount Applied For | $139,966 |
| Highest Mortgage Loan Amount Applied For | $1,441,000 |
| Average Applicant Income | $99,133 |
| Highest Applicant Income | $1,920,000 |
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| Home Improvement |
195 | $7,379,000 |
$37,000 | $338,000 |
$71,000 | $468,000 |
| Home Purchase |
224 | $48,943,000 |
$218,000 | $1,000,000 |
$131,000 | $1,920,000 |
| Refinancing |
302 | $64,754,000 |
$214,000 | $1,441,000 |
$114,000 | $1,000,000 |
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| American Indian or Alaskan Native |
12 | $664,000 |
$55,000 | $147,000 |
$106,000 | $468,000 |
| Asian |
14 | $2,681,000 |
$191,000 | $302,000 |
$115,000 | $475,000 |
| Black or African American |
14 | $1,262,000 |
$90,000 | $262,000 |
$69,000 | $126,000 |
| Hispanic |
111 | $14,066,000 |
$126,000 | $418,000 |
$72,000 | $345,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $691,000 |
$115,000 | $243,000 |
$91,000 | $131,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
68 | $6,874,000 |
$101,000 | $475,000 |
$79,000 | $277,000 |
| White |
496 | $94,838,000 |
$191,000 | $1,441,000 |
$120,000 | $1,920,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
708 | $117,839,000 |
$166,000 | $1,441,000 |
$108,000 | $1,920,000 |
| 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) |
13 | $3,237,000 |
$249,000 | $317,000 |
$87,000 | $153,000 |
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| Application Approved But Not Accepted |
3 | $115,000 |
$38,000 | $70,000 |
$47,000 | $64,000 |
| Application Denied By Financial Institution |
19 | $621,000 |
$32,000 | $79,000 |
$56,000 | $202,000 |
| Application Withdrawn By Applicant |
16 | $652,000 |
$40,000 | $250,000 |
$72,000 | $129,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
683 | $119,688,000 |
$175,000 | $1,441,000 |
$110,000 | $1,920,000 |
| 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 |
3 | $104,000 |
$34,000 | $45,000 |
$105,000 | $202,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $149,000 |
$24,000 | $50,000 |
$53,000 | $100,000 |
| Debt-To-Income Ratio |
7 | $283,000 |
$40,000 | $79,000 |
$32,000 | $50,000 |
| 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 |
2 | $70,000 |
$35,000 | $60,000 |
$37,000 | $52,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST CREDIT UNION by:
Metropolitan Area And
County
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