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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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LOCAL GOV'T FEDERAL C U
Mortgage Loans and Application Details
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| Mortgage Company Name |
LOCAL GOV'T FEDERAL C U |
| Address | P.O. DRAWER 25279
RALEIGH, NC 27611 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,500 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $168,655,000 |
| Average Mortgage Loan Amount Applied For | $114,491 |
| Highest Mortgage Loan Amount Applied For | $636,000 |
| Average Applicant Income | $56,548 |
| Highest Applicant Income | $725,000 |
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| Home Improvement |
120 | $3,030,000 |
$25,000 | $636,000 |
$45,000 | $175,000 |
| Home Purchase |
739 | $90,208,000 |
$122,000 | $500,000 |
$56,000 | $282,000 |
| Refinancing |
641 | $75,417,000 |
$117,000 | $420,000 |
$58,000 | $725,000 |
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| American Indian or Alaskan Native |
26 | $1,333,000 |
$51,000 | $110,000 |
$41,000 | $100,000 |
| Asian |
10 | $2,044,000 |
$204,000 | $339,000 |
$73,000 | $110,000 |
| Black or African American |
187 | $16,942,000 |
$90,000 | $404,000 |
$46,000 | $179,000 |
| Hispanic |
20 | $2,091,000 |
$104,000 | $195,000 |
$50,000 | $101,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $228,000 |
$114,000 | $223,000 |
$64,000 | $89,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
48 | $3,409,000 |
$71,000 | $252,000 |
$46,000 | $124,000 |
| White |
1,207 | $142,608,000 |
$118,000 | $636,000 |
$58,000 | $725,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,500 | $168,655,000 |
$112,000 | $636,000 |
$56,000 | $725,000 |
| 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 |
136 | $15,869,000 |
$116,000 | $450,000 |
$56,000 | $156,000 |
| Application Denied By Financial Institution |
312 | $27,743,000 |
$88,000 | $380,000 |
$43,000 | $179,000 |
| Application Withdrawn By Applicant |
83 | $8,830,000 |
$106,000 | $400,000 |
$54,000 | $156,000 |
| File Closed For Incompleteness |
36 | $3,979,000 |
$110,000 | $316,000 |
$51,000 | $90,000 |
| Loan Originated |
933 | $112,234,000 |
$120,000 | $636,000 |
$61,000 | $725,000 |
| 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 |
24 | $2,570,000 |
$107,000 | $380,000 |
$59,000 | $179,000 |
| Credit Application Incomplete |
5 | $171,000 |
$34,000 | $136,000 |
$40,000 | $80,000 |
| Credit History |
201 | $16,859,000 |
$83,000 | $380,000 |
$43,000 | $103,000 |
| Debt-To-Income Ratio |
57 | $5,550,000 |
$97,000 | $282,000 |
$34,000 | $102,000 |
| Employment History |
2 | $136,000 |
$68,000 | $69,000 |
$30,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $263,000 |
$87,000 | $101,000 |
$33,000 | $39,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
16 | $1,589,000 |
$99,000 | $360,000 |
$46,000 | $103,000 |
| Unverifiable Information |
4 | $605,000 |
$151,000 | $296,000 |
$49,000 | $85,000 |
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Mortgage Loan App Totals for LOCAL GOV'T FEDERAL C U by:
Metropolitan Area And
County
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