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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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FLORIDA COMMERCE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLORIDA COMMERCE CREDIT UNION |
| Address | P.O. BOX 6416
TALLAHASSEE, FL 32314-6416 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 236 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,077,000 |
| Average Mortgage Loan Amount Applied For | $129,850 |
| Highest Mortgage Loan Amount Applied For | $695,000 |
| Average Applicant Income | $71,600 |
| Highest Applicant Income | $355,000 |
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| Home Improvement |
44 | $1,766,000 |
$40,000 | $154,000 |
$69,000 | $141,000 |
| Home Purchase |
96 | $13,478,000 |
$140,000 | $695,000 |
$59,000 | $169,000 |
| Refinancing |
97 | $13,998,000 |
$144,000 | $473,000 |
$65,000 | $355,000 |
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| American Indian or Alaskan Native |
1 | $20,000 |
$20,000 | $20,000 |
$49,000 | $49,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
51 | $5,441,000 |
$106,000 | $412,000 |
$53,000 | $152,000 |
| Hispanic |
1 | $100,000 |
$100,000 | $100,000 |
$145,000 | $145,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9 | $1,048,000 |
$116,000 | $195,000 |
$59,000 | $92,000 |
| White |
175 | $22,633,000 |
$129,000 | $695,000 |
$66,000 | $355,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
233 | $28,463,000 |
$122,000 | $695,000 |
$63,000 | $355,000 |
| 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) |
4 | $779,000 |
$194,000 | $250,000 |
$58,000 | $84,000 |
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| Application Approved But Not Accepted |
1 | $40,000 |
$40,000 | $40,000 |
$27,000 | $27,000 |
| Application Denied By Financial Institution |
32 | $4,017,000 |
$125,000 | $590,000 |
$45,000 | $110,000 |
| Application Withdrawn By Applicant |
76 | $10,514,000 |
$138,000 | $695,000 |
$56,000 | $166,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
127 | $14,506,000 |
$114,000 | $473,000 |
$72,000 | $355,000 |
| 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 | $165,000 |
$165,000 | $165,000 |
$44,000 | $44,000 |
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| Collateral |
1 | $50,000 |
$50,000 | $50,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $1,746,000 |
$97,000 | $178,000 |
$41,000 | $83,000 |
| Debt-To-Income Ratio |
6 | $1,590,000 |
$265,000 | $590,000 |
$59,000 | $110,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $80,000 |
$80,000 | $80,000 |
$108,000 | $108,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $90,000 |
$90,000 | $90,000 |
$60,000 | $60,000 |
| Unverifiable Information |
3 | $421,000 |
$140,000 | $175,000 |
$47,000 | $54,000 |
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Mortgage Loan App Totals for FLORIDA COMMERCE CREDIT UNION by:
Metropolitan Area And
County
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