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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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HORIZON CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HORIZON CREDIT UNION |
| Address | 14523 E TRENT
SPOKANE VALLEY, WA 99216 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 404 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,539,000 |
| Average Mortgage Loan Amount Applied For | $85,062 |
| Highest Mortgage Loan Amount Applied For | $371,000 |
| Average Applicant Income | $69,312 |
| Highest Applicant Income | $661,000 |
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| Home Improvement |
54 | $2,375,000 |
$43,000 | $361,000 |
$69,000 | $661,000 |
| Home Purchase |
74 | $9,789,000 |
$132,000 | $371,000 |
$67,000 | $442,000 |
| Refinancing |
276 | $14,375,000 |
$52,000 | $320,000 |
$64,000 | $349,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $67,000 |
$33,000 | $37,000 |
$43,000 | $49,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
9 | $378,000 |
$42,000 | $211,000 |
$57,000 | $84,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
393 | $26,094,000 |
$66,000 | $371,000 |
$65,000 | $661,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
404 | $26,539,000 |
$65,000 | $371,000 |
$65,000 | $661,000 |
| 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 |
72 | $3,505,000 |
$48,000 | $320,000 |
$57,000 | $661,000 |
| Application Withdrawn By Applicant |
43 | $2,439,000 |
$56,000 | $228,000 |
$63,000 | $219,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
289 | $20,595,000 |
$71,000 | $371,000 |
$67,000 | $442,000 |
| 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 |
6 | $269,000 |
$44,000 | $100,000 |
$49,000 | $67,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
27 | $1,374,000 |
$50,000 | $222,000 |
$82,000 | $661,000 |
| Debt-To-Income Ratio |
31 | $1,665,000 |
$53,000 | $320,000 |
$39,000 | $116,000 |
| Employment History |
3 | $53,000 |
$17,000 | $30,000 |
$47,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $20,000 |
$20,000 | $20,000 |
$54,000 | $54,000 |
| Unverifiable Information |
4 | $124,000 |
$31,000 | $60,000 |
$49,000 | $137,000 |
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Mortgage Loan App Totals for HORIZON CREDIT UNION by:
Metropolitan Area And
County
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