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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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FRANKENMUTH CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FRANKENMUTH CREDIT UNION |
| Address | 580 N MAIN ST PO BOX 209
FRANKENMUTH, MI 48734 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 112 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,209,000 |
| Average Mortgage Loan Amount Applied For | $52,857 |
| Highest Mortgage Loan Amount Applied For | $280,000 |
| Average Applicant Income | $51,500 |
| Highest Applicant Income | $166,000 |
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| Home Improvement |
22 | $923,000 |
$41,000 | $96,000 |
$67,000 | $166,000 |
| Home Purchase |
57 | $3,903,000 |
$68,000 | $280,000 |
$48,000 | $145,000 |
| Refinancing |
33 | $2,383,000 |
$72,000 | $148,000 |
$43,000 | $84,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $31,000 |
$31,000 | $31,000 |
$25,000 | $25,000 |
| Hispanic |
2 | $174,000 |
$87,000 | $144,000 |
$46,000 | $63,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
109 | $7,004,000 |
$64,000 | $280,000 |
$50,000 | $166,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
112 | $7,209,000 |
$64,000 | $280,000 |
$50,000 | $166,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
5 | $392,000 |
$78,000 | $114,000 |
$38,000 | $69,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
107 | $6,817,000 |
$63,000 | $280,000 |
$51,000 | $166,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $176,000 |
$58,000 | $112,000 |
$31,000 | $49,000 |
| Debt-To-Income Ratio |
2 | $216,000 |
$108,000 | $114,000 |
$49,000 | $69,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FRANKENMUTH CREDIT UNION by:
Metropolitan Area And
County
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