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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 FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HERITAGE FEDERAL CREDIT UNION |
| Address | PO BOX 189
NEWBURGH, IN 47629 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 432 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,502,000 |
| Average Mortgage Loan Amount Applied For | $55,714 |
| Highest Mortgage Loan Amount Applied For | $732,000 |
| Average Applicant Income | $69,857 |
| Highest Applicant Income | $301,000 |
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| Home Improvement |
197 | $2,639,000 |
$13,000 | $70,000 |
$65,000 | $176,000 |
| Home Purchase |
202 | $24,601,000 |
$121,000 | $732,000 |
$67,000 | $301,000 |
| Refinancing |
75 | $7,698,000 |
$102,000 | $226,000 |
$62,000 | $158,000 |
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| American Indian or Alaskan Native |
1 | $5,000 |
$5,000 | $5,000 |
$77,000 | $77,000 |
| Asian |
2 | $118,000 |
$59,000 | $110,000 |
$49,000 | $61,000 |
| Black or African American |
6 | $311,000 |
$51,000 | $178,000 |
$60,000 | $77,000 |
| 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 |
6 | $93,000 |
$15,000 | $31,000 |
$76,000 | $121,000 |
| White |
459 | $34,411,000 |
$74,000 | $732,000 |
$66,000 | $301,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
474 | $34,938,000 |
$73,000 | $732,000 |
$66,000 | $301,000 |
| 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 |
10 | $742,000 |
$74,000 | $140,000 |
$81,000 | $301,000 |
| Application Withdrawn By Applicant |
17 | $1,588,000 |
$93,000 | $270,000 |
$53,000 | $100,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
447 | $32,608,000 |
$72,000 | $732,000 |
$66,000 | $219,000 |
| 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 |
7 | $561,000 |
$80,000 | $140,000 |
$102,000 | $301,000 |
| Debt-To-Income Ratio |
3 | $181,000 |
$60,000 | $97,000 |
$34,000 | $46,000 |
| 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 HERITAGE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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