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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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LAKE STATE FEDERAL CREDIT UNIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
LAKE STATE FEDERAL CREDIT UNIO |
| Address | 301 ELM AVE
MOOSE LAKE, MN 55767 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 147 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,513,000 |
| Average Mortgage Loan Amount Applied For | $141,454 |
| Highest Mortgage Loan Amount Applied For | $315,000 |
| Average Applicant Income | $58,636 |
| Highest Applicant Income | $142,000 |
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| Home Improvement |
3 | $385,000 |
$128,000 | $184,000 |
$54,000 | $60,000 |
| Home Purchase |
33 | $3,730,000 |
$113,000 | $302,000 |
$49,000 | $120,000 |
| Refinancing |
111 | $16,398,000 |
$147,000 | $315,000 |
$51,000 | $142,000 |
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| American Indian or Alaskan Native |
1 | $155,000 |
$155,000 | $155,000 |
$29,000 | $29,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $275,000 |
$275,000 | $275,000 |
$142,000 | $142,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $380,000 |
$190,000 | $230,000 |
$53,000 | $57,000 |
| White |
143 | $19,703,000 |
$137,000 | $315,000 |
$50,000 | $126,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
136 | $18,892,000 |
$138,000 | $315,000 |
$51,000 | $142,000 |
| FHA-insured (Federal Housing Administration) |
11 | $1,621,000 |
$147,000 | $205,000 |
$46,000 | $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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
25 | $3,110,000 |
$124,000 | $300,000 |
$40,000 | $83,000 |
| Application Withdrawn By Applicant |
89 | $13,892,000 |
$156,000 | $315,000 |
$54,000 | $142,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
33 | $3,511,000 |
$106,000 | $240,000 |
$50,000 | $119,000 |
| 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 |
3 | $318,000 |
$106,000 | $153,000 |
$51,000 | $68,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $842,000 |
$168,000 | $300,000 |
$41,000 | $83,000 |
| Debt-To-Income Ratio |
12 | $1,291,000 |
$107,000 | $190,000 |
$36,000 | $72,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $168,000 |
$168,000 | $168,000 |
$38,000 | $38,000 |
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Mortgage Loan App Totals for LAKE STATE FEDERAL CREDIT UNIO by:
Metropolitan Area And
County
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