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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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INFINITY FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
INFINITY FEDERAL CREDIT UNION |
| Address | PO BOX 9742
PORTLAND, ME 04104 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 388 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $35,597,000 |
| Average Mortgage Loan Amount Applied For | $101,800 |
| Highest Mortgage Loan Amount Applied For | $384,000 |
| Average Applicant Income | $75,200 |
| Highest Applicant Income | $210,000 |
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| Home Improvement |
54 | $2,603,000 |
$48,000 | $271,000 |
$74,000 | $130,000 |
| Home Purchase |
94 | $15,944,000 |
$169,000 | $968,000 |
$64,000 | $431,000 |
| Refinancing |
409 | $39,412,000 |
$96,000 | $384,000 |
$65,000 | $250,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $658,000 |
$109,000 | $215,000 |
$56,000 | $72,000 |
| Black or African American |
1 | $21,000 |
$21,000 | $21,000 |
$67,000 | $67,000 |
| Hispanic |
1 | $10,000 |
$10,000 | $10,000 |
$53,000 | $53,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
73 | $2,272,000 |
$31,000 | $80,000 |
$71,000 | $140,000 |
| White |
476 | $54,998,000 |
$115,000 | $968,000 |
$65,000 | $431,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
557 | $57,959,000 |
$104,000 | $968,000 |
$66,000 | $431,000 |
| 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 | $1,344,000 |
$149,000 | $260,000 |
$71,000 | $123,000 |
| Application Denied By Financial Institution |
10 | $1,632,000 |
$163,000 | $270,000 |
$59,000 | $118,000 |
| Application Withdrawn By Applicant |
92 | $15,116,000 |
$164,000 | $380,000 |
$63,000 | $210,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
446 | $39,867,000 |
$89,000 | $968,000 |
$67,000 | $431,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $146,000 |
$146,000 | $146,000 |
$38,000 | $38,000 |
| Debt-To-Income Ratio |
8 | $1,436,000 |
$179,000 | $270,000 |
$66,000 | $118,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$29,000 | $29,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for INFINITY FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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