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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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INDUSTRIAL FEDERAL CREDIT UNIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
INDUSTRIAL FEDERAL CREDIT UNIO |
| Address | 1115 SAGAMORE PARKWAY S
LAFAYETTE, IN 47905-4977 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 422 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,823,000 |
| Average Mortgage Loan Amount Applied For | $41,681 |
| Highest Mortgage Loan Amount Applied For | $996,000 |
| Average Applicant Income | $67,863 |
| Highest Applicant Income | $189,000 |
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| Home Improvement |
45 | $1,099,000 |
$24,000 | $70,000 |
$63,000 | $189,000 |
| Home Purchase |
103 | $8,006,000 |
$77,000 | $195,000 |
$50,000 | $138,000 |
| Refinancing |
279 | $11,109,000 |
$39,000 | $996,000 |
$61,000 | $180,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $35,000 |
$35,000 | $35,000 |
$23,000 | $23,000 |
| Black or African American |
3 | $167,000 |
$55,000 | $80,000 |
$69,000 | $94,000 |
| Hispanic |
32 | $1,717,000 |
$53,000 | $171,000 |
$48,000 | $115,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $289,000 |
$144,000 | $169,000 |
$110,000 | $131,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
219 | $6,443,000 |
$29,000 | $150,000 |
$60,000 | $150,000 |
| White |
170 | $11,563,000 |
$68,000 | $996,000 |
$57,000 | $189,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
420 | $19,660,000 |
$46,000 | $996,000 |
$58,000 | $189,000 |
| FHA-insured (Federal Housing Administration) |
7 | $554,000 |
$79,000 | $133,000 |
$47,000 | $82,000 |
| 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 |
1 | $30,000 |
$30,000 | $30,000 |
$75,000 | $75,000 |
| Application Denied By Financial Institution |
57 | $1,638,000 |
$28,000 | $145,000 |
$50,000 | $114,000 |
| Application Withdrawn By Applicant |
90 | $4,250,000 |
$47,000 | $996,000 |
$62,000 | $142,000 |
| File Closed For Incompleteness |
2 | $43,000 |
$21,000 | $30,000 |
$44,000 | $53,000 |
| Loan Originated |
277 | $14,253,000 |
$51,000 | $360,000 |
$59,000 | $189,000 |
| 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 |
19 | $554,000 |
$29,000 | $145,000 |
$58,000 | $99,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $340,000 |
$18,000 | $43,000 |
$48,000 | $90,000 |
| Debt-To-Income Ratio |
9 | $76,000 |
$8,000 | $12,000 |
$47,000 | $114,000 |
| Employment History |
1 | $36,000 |
$36,000 | $36,000 |
$35,000 | $35,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $63,000 |
$31,000 | $49,000 |
$46,000 | $63,000 |
| Unverifiable Information |
1 | $35,000 |
$35,000 | $35,000 |
$75,000 | $75,000 |
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Mortgage Loan App Totals for INDUSTRIAL FEDERAL CREDIT UNIO by:
Metropolitan Area And
County
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