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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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GREATER IOWA CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREATER IOWA CREDIT UNION |
| Address | 801 LINCOLN WAY PO BOX 665
AMES, IA 50010 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 399 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,198,000 |
| Average Mortgage Loan Amount Applied For | $81,611 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $89,722 |
| Highest Applicant Income | $880,000 |
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| Home Improvement |
183 | $4,302,000 |
$23,000 | $191,000 |
$72,000 | $300,000 |
| Home Purchase |
165 | $21,346,000 |
$129,000 | $468,000 |
$83,000 | $216,000 |
| Refinancing |
124 | $13,087,000 |
$105,000 | $550,000 |
$81,000 | $880,000 |
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| American Indian or Alaskan Native |
1 | $107,000 |
$107,000 | $107,000 |
$66,000 | $66,000 |
| Asian |
35 | $3,871,000 |
$110,000 | $320,000 |
$93,000 | $300,000 |
| Black or African American |
7 | $485,000 |
$69,000 | $161,000 |
$71,000 | $106,000 |
| Hispanic |
15 | $743,000 |
$49,000 | $160,000 |
$49,000 | $110,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $1,054,000 |
$175,000 | $364,000 |
$89,000 | $176,000 |
| White |
408 | $32,475,000 |
$79,000 | $550,000 |
$78,000 | $880,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
471 | $38,706,000 |
$82,000 | $550,000 |
$78,000 | $880,000 |
| 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) |
1 | $29,000 |
$29,000 | $29,000 |
$71,000 | $71,000 |
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| Application Approved But Not Accepted |
3 | $187,000 |
$62,000 | $135,000 |
$94,000 | $115,000 |
| Application Denied By Financial Institution |
12 | $231,000 |
$19,000 | $110,000 |
$49,000 | $124,000 |
| Application Withdrawn By Applicant |
4 | $451,000 |
$112,000 | $251,000 |
$54,000 | $85,000 |
| File Closed For Incompleteness |
12 | $1,350,000 |
$112,000 | $186,000 |
$67,000 | $128,000 |
| Loan Originated |
441 | $36,516,000 |
$82,000 | $550,000 |
$79,000 | $880,000 |
| 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 |
4 | $165,000 |
$41,000 | $110,000 |
$74,000 | $124,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $15,000 |
$15,000 | $15,000 |
$63,000 | $63,000 |
| 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 GREATER IOWA CREDIT UNION by:
Metropolitan Area And
County
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