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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 FINANCIAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST FINANCIAL CREDIT UNION |
| Address | 601 TIJERAS NW
ALBUQUERQUE, NM 87102 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 513 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,169,000 |
| Average Mortgage Loan Amount Applied For | $76,266 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $64,333 |
| Highest Applicant Income | $720,000 |
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| Home Improvement |
4 | $151,000 |
$37,000 | $62,000 |
$48,000 | $64,000 |
| Home Purchase |
57 | $7,438,000 |
$130,000 | $488,000 |
$69,000 | $198,000 |
| Refinancing |
471 | $31,738,000 |
$67,000 | $900,000 |
$63,000 | $720,000 |
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| American Indian or Alaskan Native |
9 | $636,000 |
$70,000 | $145,000 |
$73,000 | $201,000 |
| Asian |
3 | $334,000 |
$111,000 | $225,000 |
$53,000 | $61,000 |
| Black or African American |
6 | $693,000 |
$115,000 | $240,000 |
$60,000 | $147,000 |
| Hispanic |
283 | $19,551,000 |
$69,000 | $900,000 |
$58,000 | $720,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $280,000 |
$93,000 | $195,000 |
$104,000 | $168,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
228 | $17,833,000 |
$78,000 | $488,000 |
$71,000 | $343,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
532 | $39,327,000 |
$73,000 | $900,000 |
$64,000 | $720,000 |
| 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 |
1 | $40,000 |
$40,000 | $40,000 |
$80,000 | $80,000 |
| Application Denied By Financial Institution |
91 | $6,319,000 |
$69,000 | $250,000 |
$53,000 | $720,000 |
| Application Withdrawn By Applicant |
35 | $5,181,000 |
$148,000 | $488,000 |
$72,000 | $198,000 |
| File Closed For Incompleteness |
1 | $34,000 |
$34,000 | $34,000 |
$44,000 | $44,000 |
| Loan Originated |
404 | $27,753,000 |
$68,000 | $900,000 |
$66,000 | $343,000 |
| 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 |
2 | $185,000 |
$92,000 | $145,000 |
$134,000 | $201,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $373,000 |
$62,000 | $120,000 |
$39,000 | $89,000 |
| Debt-To-Income Ratio |
1 | $8,000 |
$8,000 | $8,000 |
$24,000 | $24,000 |
| 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 | $38,000 |
$19,000 | $34,000 |
$59,000 | $81,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST FINANCIAL CREDIT UNION by:
Metropolitan Area And
County
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