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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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HERITAGE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HERITAGE CREDIT UNION |
| Address | 1212 HUXLEY STREET
MADISON, WI 53704 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 220 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,674,000 |
| Average Mortgage Loan Amount Applied For | $95,238 |
| Highest Mortgage Loan Amount Applied For | $346,000 |
| Average Applicant Income | $64,047 |
| Highest Applicant Income | $173,000 |
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| Home Improvement |
56 | $1,956,000 |
$34,000 | $225,000 |
$61,000 | $118,000 |
| Home Purchase |
82 | $8,653,000 |
$105,000 | $359,000 |
$44,000 | $118,000 |
| Refinancing |
134 | $9,460,000 |
$70,000 | $346,000 |
$58,000 | $173,000 |
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| American Indian or Alaskan Native |
6 | $377,000 |
$62,000 | $98,000 |
$29,000 | $40,000 |
| Asian |
2 | $463,000 |
$231,000 | $359,000 |
$26,000 | $34,000 |
| Black or African American |
5 | $213,000 |
$42,000 | $59,000 |
$25,000 | $43,000 |
| Hispanic |
1 | $8,000 |
$8,000 | $8,000 |
$33,000 | $33,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $701,000 |
$116,000 | $209,000 |
$39,000 | $83,000 |
| White |
252 | $18,307,000 |
$72,000 | $346,000 |
$56,000 | $173,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
272 | $20,069,000 |
$73,000 | $359,000 |
$54,000 | $173,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
48 | $4,864,000 |
$101,000 | $359,000 |
$40,000 | $99,000 |
| Application Withdrawn By Applicant |
8 | $867,000 |
$108,000 | $221,000 |
$46,000 | $78,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
201 | $12,604,000 |
$62,000 | $346,000 |
$58,000 | $173,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
15 | $1,734,000 |
$115,000 | $230,000 |
$52,000 | $100,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $379,000 |
$126,000 | $167,000 |
$35,000 | $44,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $1,741,000 |
$108,000 | $359,000 |
$40,000 | $96,000 |
| Debt-To-Income Ratio |
8 | $845,000 |
$105,000 | $165,000 |
$35,000 | $61,000 |
| Employment History |
3 | $194,000 |
$64,000 | $90,000 |
$24,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $983,000 |
$89,000 | $129,000 |
$47,000 | $99,000 |
| Unverifiable Information |
1 | $65,000 |
$65,000 | $65,000 |
$16,000 | $16,000 |
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Mortgage Loan App Totals for HERITAGE CREDIT UNION by:
Metropolitan Area And
County
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