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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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L&N FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
L&N FEDERAL CREDIT UNION |
| Address | 9203 SMYRNA PARKWAY
LOUISVILLE, KY 40229 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 662 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $68,356,000 |
| Average Mortgage Loan Amount Applied For | $106,016 |
| Highest Mortgage Loan Amount Applied For | $456,000 |
| Average Applicant Income | $66,000 |
| Highest Applicant Income | $301,000 |
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| Home Improvement |
10 | $215,000 |
$21,000 | $50,000 |
$63,000 | $131,000 |
| Home Purchase |
298 | $33,397,000 |
$112,000 | $417,000 |
$59,000 | $301,000 |
| Refinancing |
405 | $40,629,000 |
$100,000 | $456,000 |
$57,000 | $263,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $320,000 |
$160,000 | $170,000 |
$112,000 | $118,000 |
| Black or African American |
53 | $5,102,000 |
$96,000 | $345,000 |
$52,000 | $125,000 |
| Hispanic |
5 | $432,000 |
$86,000 | $145,000 |
$94,000 | $197,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $104,000 |
$104,000 | $104,000 |
$29,000 | $29,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $111,000 |
$111,000 | $111,000 |
$25,000 | $25,000 |
| White |
651 | $68,172,000 |
$104,000 | $456,000 |
$58,000 | $301,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
713 | $74,241,000 |
$104,000 | $456,000 |
$58,000 | $301,000 |
| 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 |
177 | $18,268,000 |
$103,000 | $372,000 |
$48,000 | $301,000 |
| Application Withdrawn By Applicant |
40 | $4,650,000 |
$116,000 | $379,000 |
$75,000 | $301,000 |
| File Closed For Incompleteness |
13 | $1,391,000 |
$107,000 | $168,000 |
$59,000 | $118,000 |
| Loan Originated |
478 | $49,426,000 |
$103,000 | $456,000 |
$60,000 | $279,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
4 | $396,000 |
$99,000 | $124,000 |
$50,000 | $68,000 |
| Preapproval Denied by Financial Institution |
1 | $110,000 |
$110,000 | $110,000 |
$54,000 | $54,000 |
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| Collateral |
17 | $1,724,000 |
$101,000 | $225,000 |
$63,000 | $301,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
84 | $8,004,000 |
$95,000 | $200,000 |
$50,000 | $111,000 |
| Debt-To-Income Ratio |
63 | $7,126,000 |
$113,000 | $372,000 |
$41,000 | $109,000 |
| Employment History |
6 | $550,000 |
$91,000 | $120,000 |
$35,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $265,000 |
$88,000 | $125,000 |
$50,000 | $52,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $113,000 |
$113,000 | $113,000 |
$42,000 | $42,000 |
| Unverifiable Information |
2 | $179,000 |
$89,000 | $110,000 |
$53,000 | $54,000 |
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Mortgage Loan App Totals for L&N FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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