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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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HIGHMARK FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HIGHMARK FEDERAL CREDIT UNION |
| Address | 725 5TH STREET
RAPID CITY, SD 57701 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 253 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,069,000 |
| Average Mortgage Loan Amount Applied For | $42,444 |
| Highest Mortgage Loan Amount Applied For | $317,000 |
| Average Applicant Income | $58,222 |
| Highest Applicant Income | $316,000 |
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| Home Improvement |
78 | $1,176,000 |
$15,000 | $47,000 |
$61,000 | $316,000 |
| Home Purchase |
102 | $12,293,000 |
$120,000 | $317,000 |
$51,000 | $175,000 |
| Refinancing |
127 | $6,496,000 |
$51,000 | $276,000 |
$64,000 | $296,000 |
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| American Indian or Alaskan Native |
3 | $182,000 |
$60,000 | $141,000 |
$51,000 | $58,000 |
| Asian |
1 | $156,000 |
$156,000 | $156,000 |
$39,000 | $39,000 |
| Black or African American |
2 | $218,000 |
$109,000 | $138,000 |
$36,000 | $45,000 |
| Hispanic |
6 | $360,000 |
$60,000 | $156,000 |
$65,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $746,000 |
$124,000 | $218,000 |
$44,000 | $75,000 |
| White |
289 | $18,303,000 |
$63,000 | $317,000 |
$59,000 | $316,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
299 | $18,689,000 |
$62,000 | $317,000 |
$59,000 | $316,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $231,000 |
$115,000 | $145,000 |
$45,000 | $53,000 |
| VA-guaranteed (Veterans Administration) |
6 | $1,045,000 |
$174,000 | $259,000 |
$61,000 | $97,000 |
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| Application Approved But Not Accepted |
24 | $2,535,000 |
$105,000 | $218,000 |
$48,000 | $142,000 |
| Application Denied By Financial Institution |
32 | $3,322,000 |
$103,000 | $280,000 |
$51,000 | $89,000 |
| Application Withdrawn By Applicant |
2 | $210,000 |
$105,000 | $170,000 |
$42,000 | $46,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
249 | $13,898,000 |
$55,000 | $317,000 |
$61,000 | $316,000 |
| 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 |
2 | $366,000 |
$183,000 | $280,000 |
$43,000 | $50,000 |
| Credit Application Incomplete |
1 | $130,000 |
$130,000 | $130,000 |
$29,000 | $29,000 |
| Credit History |
9 | $819,000 |
$91,000 | $130,000 |
$47,000 | $75,000 |
| Debt-To-Income Ratio |
17 | $1,852,000 |
$108,000 | $225,000 |
$57,000 | $89,000 |
| Employment History |
2 | $144,000 |
$72,000 | $80,000 |
$29,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $11,000 |
$11,000 | $11,000 |
$85,000 | $85,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for HIGHMARK FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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