|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
FIRST JERSEY CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
FIRST JERSEY CREDIT UNION |
| Address | 1 CORPORATE DRIVE
WAYNE, NJ 07470 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 37 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,116,000 |
| Average Mortgage Loan Amount Applied For | $95,625 |
| Highest Mortgage Loan Amount Applied For | $442,000 |
| Average Applicant Income | $87,500 |
| Highest Applicant Income | $450,000 |
|
|
|
| Home Improvement |
27 | $1,040,000 |
$38,000 | $187,000 |
$75,000 | $137,000 |
| Home Purchase |
6 | $716,000 |
$119,000 | $250,000 |
$72,000 | $125,000 |
| Refinancing |
4 | $1,360,000 |
$340,000 | $442,000 |
$188,000 | $450,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $280,000 |
$140,000 | $250,000 |
$84,000 | $125,000 |
| Black or African American |
5 | $477,000 |
$95,000 | $281,000 |
$64,000 | $94,000 |
| Hispanic |
4 | $95,000 |
$23,000 | $30,000 |
$89,000 | $125,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
10 | $800,000 |
$80,000 | $280,000 |
$70,000 | $112,000 |
| White |
16 | $1,464,000 |
$91,000 | $442,000 |
$105,000 | $450,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
37 | $3,116,000 |
$84,000 | $442,000 |
$87,000 | $450,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
1 | $442,000 |
$442,000 | $442,000 |
$141,000 | $141,000 |
| Application Denied By Financial Institution |
4 | $649,000 |
$162,000 | $281,000 |
$83,000 | $112,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
32 | $2,025,000 |
$63,000 | $357,000 |
$86,000 | $450,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $368,000 |
$122,000 | $280,000 |
$80,000 | $112,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
1 | $281,000 |
$281,000 | $281,000 |
$93,000 | $93,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for FIRST JERSEY CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
