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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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FREEDOM CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FREEDOM CREDIT UNION |
| Address | 10400 DRUMMOND ROAD
PHILADELPHIA, PA 19154 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 507 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,858,000 |
| Average Mortgage Loan Amount Applied For | $60,636 |
| Highest Mortgage Loan Amount Applied For | $385,000 |
| Average Applicant Income | $87,045 |
| Highest Applicant Income | $250,000 |
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| Home Improvement |
202 | $6,185,000 |
$30,000 | $138,000 |
$83,000 | $250,000 |
| Home Purchase |
216 | $33,948,000 |
$157,000 | $456,000 |
$62,000 | $185,000 |
| Refinancing |
273 | $18,678,000 |
$68,000 | $385,000 |
$79,000 | $234,000 |
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| American Indian or Alaskan Native |
3 | $158,000 |
$52,000 | $103,000 |
$61,000 | $80,000 |
| Asian |
23 | $3,902,000 |
$169,000 | $300,000 |
$85,000 | $171,000 |
| Black or African American |
221 | $21,513,000 |
$97,000 | $456,000 |
$59,000 | $234,000 |
| Hispanic |
31 | $2,276,000 |
$73,000 | $330,000 |
$81,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
14 | $1,995,000 |
$142,000 | $371,000 |
$90,000 | $172,000 |
| White |
399 | $28,967,000 |
$72,000 | $417,000 |
$82,000 | $250,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
691 | $58,811,000 |
$85,000 | $456,000 |
$75,000 | $250,000 |
| 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 | $49,000 |
$49,000 | $49,000 |
$136,000 | $136,000 |
| Application Denied By Financial Institution |
88 | $6,059,000 |
$68,000 | $385,000 |
$63,000 | $250,000 |
| Application Withdrawn By Applicant |
35 | $3,194,000 |
$91,000 | $275,000 |
$91,000 | $171,000 |
| File Closed For Incompleteness |
2 | $85,000 |
$42,000 | $55,000 |
$62,000 | $82,000 |
| Loan Originated |
381 | $20,471,000 |
$53,000 | $382,000 |
$83,000 | $234,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
99 | $16,361,000 |
$165,000 | $456,000 |
$64,000 | $185,000 |
| Preapproval Denied by Financial Institution |
85 | $12,592,000 |
$148,000 | $400,000 |
$54,000 | $132,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FREEDOM CREDIT UNION by:
Metropolitan Area And
County
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