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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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K-25 FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
K-25 FEDERAL CREDIT UNION |
| Address | PO BOX 883
OAK RIDGE, TN 37831 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 254 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $24,173,000 |
| Average Mortgage Loan Amount Applied For | $84,000 |
| Highest Mortgage Loan Amount Applied For | $984,000 |
| Average Applicant Income | $66,142 |
| Highest Applicant Income | $244,000 |
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| Home Improvement |
54 | $1,795,000 |
$33,000 | $180,000 |
$79,000 | $193,000 |
| Home Purchase |
102 | $12,486,000 |
$122,000 | $984,000 |
$66,000 | $244,000 |
| Refinancing |
98 | $9,892,000 |
$100,000 | $823,000 |
$64,000 | $181,000 |
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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 |
9 | $767,000 |
$85,000 | $165,000 |
$62,000 | $113,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $52,000 |
$26,000 | $42,000 |
$37,000 | $55,000 |
| White |
243 | $23,354,000 |
$96,000 | $984,000 |
$68,000 | $244,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
254 | $24,173,000 |
$95,000 | $984,000 |
$68,000 | $244,000 |
| 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 |
26 | $2,905,000 |
$111,000 | $285,000 |
$63,000 | $193,000 |
| Application Denied By Financial Institution |
56 | $4,229,000 |
$75,000 | $255,000 |
$47,000 | $225,000 |
| Application Withdrawn By Applicant |
2 | $220,000 |
$110,000 | $120,000 |
$68,000 | $78,000 |
| File Closed For Incompleteness |
1 | $120,000 |
$120,000 | $120,000 |
$130,000 | $130,000 |
| Loan Originated |
169 | $16,699,000 |
$98,000 | $984,000 |
$75,000 | $244,000 |
| 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 | $270,000 |
$135,000 | $175,000 |
$62,000 | $67,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $1,343,000 |
$53,000 | $150,000 |
$46,000 | $225,000 |
| Debt-To-Income Ratio |
21 | $2,035,000 |
$96,000 | $255,000 |
$39,000 | $135,000 |
| 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 | $145,000 |
$48,000 | $72,000 |
$64,000 | $71,000 |
| Unverifiable Information |
1 | $52,000 |
$52,000 | $52,000 |
$19,000 | $19,000 |
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Mortgage Loan App Totals for K-25 FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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