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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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GREAT LAKES CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREAT LAKES CREDIT UNION |
| Address | 2525 GREENBAY RD
NORTH CHICAGO, IL 60064 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 232 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,706,000 |
| Average Mortgage Loan Amount Applied For | $179,500 |
| Highest Mortgage Loan Amount Applied For | $475,000 |
| Average Applicant Income | $88,326 |
| Highest Applicant Income | $910,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
79 | $13,527,000 |
$171,000 | $417,000 |
$81,000 | $293,000 |
| Refinancing |
153 | $26,179,000 |
$171,000 | $475,000 |
$76,000 | $910,000 |
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| American Indian or Alaskan Native |
3 | $367,000 |
$122,000 | $145,000 |
$37,000 | $43,000 |
| Asian |
6 | $988,000 |
$164,000 | $277,000 |
$75,000 | $111,000 |
| Black or African American |
46 | $7,674,000 |
$166,000 | $417,000 |
$65,000 | $176,000 |
| Hispanic |
27 | $4,365,000 |
$161,000 | $380,000 |
$66,000 | $276,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $544,000 |
$272,000 | $300,000 |
$80,000 | $90,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
23 | $4,182,000 |
$181,000 | $365,000 |
$75,000 | $293,000 |
| White |
125 | $21,586,000 |
$172,000 | $475,000 |
$87,000 | $910,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
227 | $38,809,000 |
$170,000 | $475,000 |
$78,000 | $910,000 |
| 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) |
5 | $897,000 |
$179,000 | $269,000 |
$82,000 | $111,000 |
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| Application Approved But Not Accepted |
34 | $6,210,000 |
$182,000 | $375,000 |
$85,000 | $293,000 |
| Application Denied By Financial Institution |
68 | $11,884,000 |
$174,000 | $475,000 |
$58,000 | $126,000 |
| Application Withdrawn By Applicant |
6 | $1,270,000 |
$211,000 | $417,000 |
$234,000 | $910,000 |
| File Closed For Incompleteness |
18 | $2,988,000 |
$166,000 | $340,000 |
$82,000 | $276,000 |
| Loan Originated |
106 | $17,354,000 |
$163,000 | $417,000 |
$79,000 | $298,000 |
| 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 |
8 | $1,700,000 |
$212,000 | $409,000 |
$64,000 | $96,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $3,415,000 |
$136,000 | $235,000 |
$72,000 | $126,000 |
| Debt-To-Income Ratio |
31 | $6,194,000 |
$199,000 | $475,000 |
$46,000 | $118,000 |
| Employment History |
1 | $100,000 |
$100,000 | $100,000 |
$42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $145,000 |
$145,000 | $145,000 |
$32,000 | $32,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $330,000 |
$165,000 | $180,000 |
$67,000 | $77,000 |
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Mortgage Loan App Totals for GREAT LAKES CREDIT UNION by:
Metropolitan Area And
County
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