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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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LEDGE LIGHT FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
LEDGE LIGHT FCU |
| Address | 60 COLVER AVENUE
GROTON, CT 06340 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 217 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,784,000 |
| Average Mortgage Loan Amount Applied For | $81,882 |
| Highest Mortgage Loan Amount Applied For | $600,000 |
| Average Applicant Income | $106,529 |
| Highest Applicant Income | $321,000 |
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| Home Improvement |
117 | $6,650,000 |
$56,000 | $600,000 |
$101,000 | $321,000 |
| Home Purchase |
7 | $1,627,000 |
$232,000 | $434,000 |
$140,000 | $310,000 |
| Refinancing |
93 | $10,507,000 |
$112,000 | $483,000 |
$104,000 | $257,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
5 | $419,000 |
$83,000 | $200,000 |
$128,000 | $240,000 |
| Black or African American |
6 | $473,000 |
$78,000 | $218,000 |
$72,000 | $110,000 |
| Hispanic |
1 | $41,000 |
$41,000 | $41,000 |
$90,000 | $90,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $127,000 |
$31,000 | $50,000 |
$102,000 | $159,000 |
| White |
201 | $17,724,000 |
$88,000 | $600,000 |
$104,000 | $321,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
217 | $18,784,000 |
$86,000 | $600,000 |
$104,000 | $321,000 |
| 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 |
17 | $1,487,000 |
$87,000 | $218,000 |
$67,000 | $146,000 |
| Application Withdrawn By Applicant |
6 | $268,000 |
$44,000 | $80,000 |
$71,000 | $109,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
194 | $17,029,000 |
$87,000 | $600,000 |
$108,000 | $321,000 |
| 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 |
6 | $565,000 |
$94,000 | $218,000 |
$51,000 | $86,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $558,000 |
$93,000 | $214,000 |
$85,000 | $146,000 |
| Debt-To-Income Ratio |
5 | $364,000 |
$72,000 | $100,000 |
$66,000 | $87,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for LEDGE LIGHT FCU by:
Metropolitan Area And
County
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