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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 SOUTH CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST SOUTH CREDIT UNION |
| Address | 6471 STAGE RD
BARTLETT, TN 38134 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 362 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $44,216,000 |
| Average Mortgage Loan Amount Applied For | $110,481 |
| Highest Mortgage Loan Amount Applied For | $796,000 |
| Average Applicant Income | $86,222 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
1 | $30,000 |
$30,000 | $30,000 |
$14,000 | $14,000 |
| Home Purchase |
152 | $21,382,000 |
$140,000 | $796,000 |
$88,000 | $900,000 |
| Refinancing |
210 | $22,950,000 |
$109,000 | $550,000 |
$83,000 | $297,000 |
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| American Indian or Alaskan Native |
1 | $166,000 |
$166,000 | $166,000 |
$73,000 | $73,000 |
| Asian |
18 | $2,244,000 |
$124,000 | $272,000 |
$75,000 | $140,000 |
| Black or African American |
68 | $7,032,000 |
$103,000 | $342,000 |
$68,000 | $227,000 |
| Hispanic |
2 | $281,000 |
$140,000 | $150,000 |
$86,000 | $108,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $107,000 |
$107,000 | $107,000 |
$92,000 | $92,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $1,163,000 |
$145,000 | $284,000 |
$86,000 | $310,000 |
| White |
265 | $33,369,000 |
$125,000 | $796,000 |
$90,000 | $900,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
363 | $44,362,000 |
$122,000 | $796,000 |
$85,000 | $900,000 |
| 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 |
2 | $253,000 |
$126,000 | $150,000 |
$154,000 | $212,000 |
| Application Denied By Financial Institution |
67 | $7,486,000 |
$111,000 | $520,000 |
$54,000 | $297,000 |
| Application Withdrawn By Applicant |
61 | $7,650,000 |
$125,000 | $300,000 |
$76,000 | $310,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
232 | $28,827,000 |
$124,000 | $796,000 |
$96,000 | $900,000 |
| 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 |
1 | $146,000 |
$146,000 | $146,000 |
$60,000 | $60,000 |
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| Collateral |
6 | $599,000 |
$99,000 | $274,000 |
$60,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
34 | $3,605,000 |
$106,000 | $284,000 |
$48,000 | $109,000 |
| Debt-To-Income Ratio |
17 | $2,203,000 |
$129,000 | $520,000 |
$56,000 | $297,000 |
| Employment History |
2 | $210,000 |
$105,000 | $140,000 |
$54,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $1,015,000 |
$112,000 | $247,000 |
$67,000 | $180,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST SOUTH CREDIT UNION by:
Metropolitan Area And
County
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