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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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LINN AREA CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
LINN AREA CREDIT UNION |
| Address | 3015 BLAIRS FERRY ROAD NE
CEDAR RAPIDS, IA 52402 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 176 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,091,000 |
| Average Mortgage Loan Amount Applied For | $145,875 |
| Highest Mortgage Loan Amount Applied For | $710,000 |
| Average Applicant Income | $86,500 |
| Highest Applicant Income | $370,000 |
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| Home Improvement |
25 | $192,000 |
$7,000 | $15,000 |
$62,000 | $160,000 |
| Home Purchase |
119 | $14,710,000 |
$123,000 | $293,000 |
$65,000 | $370,000 |
| Refinancing |
32 | $4,189,000 |
$130,000 | $710,000 |
$64,000 | $131,000 |
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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 |
3 | $294,000 |
$98,000 | $154,000 |
$54,000 | $91,000 |
| Hispanic |
2 | $164,000 |
$82,000 | $82,000 |
$81,000 | $81,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $5,000 |
$5,000 | $5,000 |
$24,000 | $24,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
170 | $18,628,000 |
$109,000 | $710,000 |
$65,000 | $370,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
176 | $19,091,000 |
$108,000 | $710,000 |
$65,000 | $370,000 |
| 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 |
2 | $254,000 |
$127,000 | $182,000 |
$62,000 | $76,000 |
| Application Denied By Financial Institution |
1 | $177,000 |
$177,000 | $177,000 |
$43,000 | $43,000 |
| Application Withdrawn By Applicant |
4 | $452,000 |
$113,000 | $172,000 |
$65,000 | $86,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
169 | $18,208,000 |
$107,000 | $710,000 |
$65,000 | $370,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $177,000 |
$177,000 | $177,000 |
$43,000 | $43,000 |
| 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 LINN AREA CREDIT UNION by:
Metropolitan Area And
County
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