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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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MARINE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MARINE FEDERAL CREDIT UNION |
| Address | PO BOX 1551
JACKSONVILLE, NC 28541 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 445 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,273,000 |
| Average Mortgage Loan Amount Applied For | $149,692 |
| Highest Mortgage Loan Amount Applied For | $740,000 |
| Average Applicant Income | $92,846 |
| Highest Applicant Income | $381,000 |
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| Home Improvement |
2 | $134,000 |
$67,000 | $106,000 |
$55,000 | $83,000 |
| Home Purchase |
190 | $28,017,000 |
$147,000 | $740,000 |
$65,000 | $381,000 |
| Refinancing |
434 | $32,245,000 |
$74,000 | $430,000 |
$65,000 | $216,000 |
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| American Indian or Alaskan Native |
3 | $239,000 |
$79,000 | $130,000 |
$46,000 | $63,000 |
| Asian |
17 | $1,873,000 |
$110,000 | $360,000 |
$75,000 | $170,000 |
| Black or African American |
65 | $5,723,000 |
$88,000 | $430,000 |
$58,000 | $146,000 |
| Hispanic |
52 | $5,032,000 |
$96,000 | $340,000 |
$58,000 | $212,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $557,000 |
$111,000 | $275,000 |
$59,000 | $85,000 |
| Not applicable |
1 | $145,000 |
$145,000 | $145,000 |
$97,000 | $97,000 |
| Not Provided |
58 | $6,356,000 |
$109,000 | $440,000 |
$66,000 | $216,000 |
| White |
425 | $40,471,000 |
$95,000 | $740,000 |
$66,000 | $381,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
575 | $51,376,000 |
$89,000 | $740,000 |
$65,000 | $381,000 |
| 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) |
51 | $9,020,000 |
$176,000 | $408,000 |
$61,000 | $144,000 |
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| Application Approved But Not Accepted |
41 | $5,390,000 |
$131,000 | $375,000 |
$72,000 | $171,000 |
| Application Denied By Financial Institution |
131 | $12,306,000 |
$93,000 | $430,000 |
$50,000 | $192,000 |
| Application Withdrawn By Applicant |
52 | $6,406,000 |
$123,000 | $440,000 |
$63,000 | $144,000 |
| File Closed For Incompleteness |
57 | $7,484,000 |
$131,000 | $417,000 |
$65,000 | $181,000 |
| Loan Originated |
344 | $28,584,000 |
$83,000 | $740,000 |
$70,000 | $381,000 |
| 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 |
1 | $226,000 |
$226,000 | $226,000 |
$32,000 | $32,000 |
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| Collateral |
11 | $772,000 |
$70,000 | $149,000 |
$57,000 | $192,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
59 | $4,910,000 |
$83,000 | $275,000 |
$49,000 | $150,000 |
| Debt-To-Income Ratio |
32 | $3,680,000 |
$115,000 | $430,000 |
$42,000 | $93,000 |
| Employment History |
3 | $305,000 |
$101,000 | $119,000 |
$45,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $284,000 |
$142,000 | $184,000 |
$75,000 | $79,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $1,871,000 |
$110,000 | $300,000 |
$55,000 | $146,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MARINE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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