|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
GEORGIA FEDERAL CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
GEORGIA FEDERAL CREDIT UNION |
| Address | 6705 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,034 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $88,091,000 |
| Average Mortgage Loan Amount Applied For | $80,854 |
| Highest Mortgage Loan Amount Applied For | $800,000 |
| Average Applicant Income | $62,725 |
| Highest Applicant Income | $523,000 |
|
|
|
| Home Improvement |
497 | $18,004,000 |
$36,000 | $233,000 |
$71,000 | $392,000 |
| Home Purchase |
215 | $25,616,000 |
$119,000 | $417,000 |
$60,000 | $523,000 |
| Refinancing |
322 | $44,471,000 |
$138,000 | $800,000 |
$61,000 | $243,000 |
|
|
| American Indian or Alaskan Native |
3 | $205,000 |
$68,000 | $175,000 |
$60,000 | $73,000 |
| Asian |
8 | $654,000 |
$81,000 | $205,000 |
$62,000 | $192,000 |
| Black or African American |
248 | $19,814,000 |
$79,000 | $400,000 |
$60,000 | $197,000 |
| Hispanic |
31 | $2,162,000 |
$69,000 | $200,000 |
$47,000 | $84,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $177,000 |
$88,000 | $142,000 |
$107,000 | $122,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
227 | $27,599,000 |
$121,000 | $360,000 |
$54,000 | $156,000 |
| White |
515 | $37,480,000 |
$72,000 | $800,000 |
$75,000 | $523,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,034 | $88,091,000 |
$85,000 | $800,000 |
$65,000 | $523,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
366 | $39,235,000 |
$107,000 | $800,000 |
$55,000 | $196,000 |
| Application Withdrawn By Applicant |
157 | $16,580,000 |
$105,000 | $400,000 |
$60,000 | $197,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
511 | $32,276,000 |
$63,000 | $417,000 |
$74,000 | $523,000 |
| 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 |
16 | $2,409,000 |
$150,000 | $330,000 |
$64,000 | $126,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
124 | $11,253,000 |
$90,000 | $360,000 |
$54,000 | $155,000 |
| Debt-To-Income Ratio |
95 | $8,689,000 |
$91,000 | $308,000 |
$47,000 | $142,000 |
| Employment History |
7 | $449,000 |
$64,000 | $149,000 |
$61,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $50,000 |
$50,000 | $50,000 |
$16,000 | $16,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
122 | $15,585,000 |
$127,000 | $350,000 |
$62,000 | $196,000 |
| Unverifiable Information |
1 | $800,000 |
$800,000 | $800,000 |
$96,000 | $96,000 |
|
Mortgage Loan App Totals for GEORGIA FEDERAL CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
