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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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HOLLAND CENTRAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOLLAND CENTRAL CREDIT UNION |
| Address | 259 E. 24TH STREET
HOLLAND, MI 49423 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2004 |
| All Data Years | 2004 |
| Total Number of Mortgage Loan Applications Processed | 197 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,283,000 |
| Average Mortgage Loan Amount Applied For | $85,533 |
| Highest Mortgage Loan Amount Applied For | $297,000 |
| Average Applicant Income | $58,866 |
| Highest Applicant Income | $120,000 |
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| Home Improvement |
45 | $171,000 |
$2,500 | $15,000 |
$72,500 | $111,000 |
| Home Purchase |
27 | $1,993,000 |
$73,500 | $262,000 |
$49,000 | $113,000 |
| Refinancing |
148 | $8,531,000 |
$65,500 | $297,000 |
$41,750 | $120,000 |
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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 |
23 | $739,000 |
$32,000 | $140,000 |
$37,000 | $80,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
17 | $444,000 |
$37,000 | $55,000 |
$61,666 | $100,000 |
| White |
180 | $9,512,000 |
$44,800 | $297,000 |
$55,600 | $120,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
220 | $10,695,000 |
$42,400 | $297,000 |
$56,600 | $120,000 |
| 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 |
9 | $289,000 |
$42,000 | $117,000 |
$57,500 | $100,000 |
| Application Denied By Financial Institution |
28 | $500,000 |
$17,000 | $116,000 |
$35,000 | $69,000 |
| Application Withdrawn By Applicant |
46 | $3,202,000 |
$57,500 | $257,000 |
$45,000 | $103,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
137 | $6,704,000 |
$25,500 | $297,000 |
$82,000 | $120,000 |
| 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 |
1 | $5,000 |
$5,000 | $5,000 |
$28,000 | $28,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $195,000 |
$21,000 | $75,000 |
$37,000 | $69,000 |
| Debt-To-Income Ratio |
14 | $189,000 |
$13,000 | $116,000 |
$28,000 | $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 |
3 | $31,000 |
$10,000 | $15,000 |
$50,000 | $63,000 |
| Unverifiable Information |
1 | $80,000 |
$80,000 | $80,000 |
$17,000 | $17,000 |
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Mortgage Loan App Totals for HOLLAND CENTRAL CREDIT UNION by:
Metropolitan Area And
County
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