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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 SOUTH FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
HERITAGE SOUTH FCU |
| Address | 901 NORTH BROADWAY AVENUE
SYLACAUGA, AL 35150 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 99 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,269,000 |
| Average Mortgage Loan Amount Applied For | $76,500 |
| Highest Mortgage Loan Amount Applied For | $234,000 |
| Average Applicant Income | $44,333 |
| Highest Applicant Income | $123,000 |
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| Home Improvement (one-to-four family) |
16 | $989,000 |
$61,000 | $193,000 |
$67,000 | $98,000 |
| Home Purchase (one-to-four family) |
60 | $3,434,000 |
$45,000 | $150,000 |
$31,000 | $98,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
24 | $1,861,000 |
$77,000 | $234,000 |
$48,000 | $123,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
12 | $409,000 |
$41,000 | $70,000 |
$23,000 | $30,000 |
| Hispanic |
5 | $219,000 |
$43,000 | $60,000 |
$33,000 | $87,000 |
| Information not provided by applicant in mail or telephone application |
6 | $277,000 |
$33,500 | $69,000 |
$31,500 | $42,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $85,000 |
$42,000 | $74,000 |
$16,000 | $22,000 |
| White |
75 | $5,294,000 |
$70,000 | $234,000 |
$51,000 | $123,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
100 | $6,284,000 |
$47,500 | $234,000 |
$34,500 | $123,000 |
| 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 |
38 | $1,938,000 |
$33,000 | $134,000 |
$31,500 | $87,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
62 | $4,346,000 |
$60,000 | $234,000 |
$38,000 | $123,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
4 | $205,000 |
$51,000 | $80,000 |
$31,000 | $37,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $666,000 |
$30,500 | $134,000 |
$32,000 | $87,000 |
| Debt-To-Income Ratio |
15 | $739,000 |
$49,000 | $125,000 |
$21,000 | $54,000 |
| Employment History |
2 | $110,000 |
$55,000 | $60,000 |
$48,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $218,000 |
$109,000 | $129,000 |
$26,000 | $29,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HERITAGE SOUTH FCU by:
Metropolitan Area And
County
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