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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 MINNESOTA CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
GREATER MINNESOTA CREDIT UNION |
| Address | 112 SOUTH LAKE ST.
MORA, MN 55051 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 66 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,983,000 |
| Average Mortgage Loan Amount Applied For | $92,400 |
| Highest Mortgage Loan Amount Applied For | $250,000 |
| Average Applicant Income | $48,000 |
| Highest Applicant Income | $138,000 |
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| Home Improvement |
2 | $90,000 |
$45,000 | $85,000 |
$35,000 | $49,000 |
| Home Purchase |
41 | $3,404,000 |
$83,000 | $250,000 |
$45,000 | $138,000 |
| Refinancing |
56 | $5,461,000 |
$97,000 | $180,000 |
$47,000 | $94,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $535,000 |
$66,000 | $179,000 |
$49,000 | $91,000 |
| White |
91 | $8,420,000 |
$92,000 | $250,000 |
$45,000 | $138,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
99 | $8,955,000 |
$90,000 | $250,000 |
$46,000 | $138,000 |
| 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 |
4 | $192,000 |
$48,000 | $79,000 |
$26,000 | $40,000 |
| Application Denied By Financial Institution |
30 | $2,836,000 |
$94,000 | $212,000 |
$39,000 | $94,000 |
| Application Withdrawn By Applicant |
2 | $178,000 |
$89,000 | $140,000 |
$47,000 | $48,000 |
| File Closed For Incompleteness |
1 | $85,000 |
$85,000 | $85,000 |
$49,000 | $49,000 |
| Loan Originated |
62 | $5,664,000 |
$91,000 | $250,000 |
$50,000 | $138,000 |
| 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 |
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 GREATER MINNESOTA CREDIT UNION by:
Metropolitan Area And
County
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