|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
LAFAYETTE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
LAFAYETTE FEDERAL CREDIT UNION |
| Address | 3535 UNIVERSITY BLVD., WEST
KENSINGTON, MD 20895 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 253 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $58,278,000 |
| Average Mortgage Loan Amount Applied For | $200,588 |
| Highest Mortgage Loan Amount Applied For | $1,200,000 |
| Average Applicant Income | $98,156 |
| Highest Applicant Income | $1,254,000 |
|
|
|
| Home Improvement |
2 | $130,000 |
$65,000 | $100,000 |
$81,000 | $130,000 |
| Home Purchase |
108 | $27,492,000 |
$254,000 | $1,200,000 |
$96,000 | $300,000 |
| Refinancing |
180 | $39,706,000 |
$220,000 | $1,200,000 |
$100,000 | $1,254,000 |
|
|
| American Indian or Alaskan Native |
1 | $100,000 |
$100,000 | $100,000 |
$74,000 | $74,000 |
| Asian |
10 | $2,673,000 |
$267,000 | $657,000 |
$104,000 | $220,000 |
| Black or African American |
122 | $26,586,000 |
$217,000 | $1,200,000 |
$85,000 | $901,000 |
| Hispanic |
18 | $4,821,000 |
$267,000 | $655,000 |
$80,000 | $220,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $320,000 |
$320,000 | $320,000 |
$118,000 | $118,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
68 | $14,566,000 |
$214,000 | $1,200,000 |
$95,000 | $299,000 |
| White |
70 | $18,262,000 |
$260,000 | $1,188,000 |
$129,000 | $1,254,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
290 | $67,328,000 |
$232,000 | $1,200,000 |
$98,000 | $1,254,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
1 | $32,000 |
$32,000 | $32,000 |
$100,000 | $100,000 |
| Application Denied By Financial Institution |
63 | $13,100,000 |
$207,000 | $604,000 |
$70,000 | $196,000 |
| Application Withdrawn By Applicant |
42 | $9,696,000 |
$230,000 | $1,200,000 |
$111,000 | $901,000 |
| File Closed For Incompleteness |
3 | $452,000 |
$150,000 | $220,000 |
$76,000 | $103,000 |
| Loan Originated |
175 | $41,918,000 |
$239,000 | $1,200,000 |
$106,000 | $1,254,000 |
| 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 |
6 | $2,130,000 |
$355,000 | $800,000 |
$77,000 | $194,000 |
|
|
| Collateral |
1 | $290,000 |
$290,000 | $290,000 |
$66,000 | $66,000 |
| Credit Application Incomplete |
1 | $190,000 |
$190,000 | $190,000 |
$37,000 | $37,000 |
| Credit History |
24 | $4,299,000 |
$179,000 | $487,000 |
$74,000 | $150,000 |
| Debt-To-Income Ratio |
31 | $8,843,000 |
$285,000 | $800,000 |
$65,000 | $194,000 |
| 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 |
8 | $1,261,000 |
$157,000 | $340,000 |
$80,000 | $131,000 |
| Unverifiable Information |
4 | $347,000 |
$86,000 | $297,000 |
$79,000 | $196,000 |
|
Mortgage Loan App Totals for LAFAYETTE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
