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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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MAYO EMPLOYEES FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
MAYO EMPLOYEES FCU |
| Address | 130 23RD AVE SW
ROCHESTER, MN 55902 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 529 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,521,000 |
| Average Mortgage Loan Amount Applied For | $67,000 |
| Highest Mortgage Loan Amount Applied For | $332,000 |
| Average Applicant Income | $101,181 |
| Highest Applicant Income | $364,000 |
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| Home Improvement |
241 | $7,973,000 |
$33,000 | $200,000 |
$88,000 | $364,000 |
| Home Purchase |
39 | $5,203,000 |
$133,000 | $332,000 |
$72,000 | $206,000 |
| Refinancing |
249 | $12,345,000 |
$49,000 | $275,000 |
$85,000 | $355,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
15 | $1,162,000 |
$77,000 | $170,000 |
$96,000 | $212,000 |
| Black or African American |
6 | $277,000 |
$46,000 | $157,000 |
$77,000 | $148,000 |
| Hispanic |
2 | $194,000 |
$97,000 | $142,000 |
$79,000 | $112,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $470,000 |
$235,000 | $296,000 |
$138,000 | $206,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $547,000 |
$49,000 | $108,000 |
$77,000 | $129,000 |
| White |
493 | $22,871,000 |
$46,000 | $332,000 |
$85,000 | $364,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
529 | $25,521,000 |
$48,000 | $332,000 |
$85,000 | $364,000 |
| 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 |
5 | $245,000 |
$49,000 | $102,000 |
$72,000 | $94,000 |
| Application Withdrawn By Applicant |
3 | $34,000 |
$11,000 | $20,000 |
$66,000 | $111,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
521 | $25,242,000 |
$48,000 | $332,000 |
$85,000 | $364,000 |
| 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 |
2 | $162,000 |
$81,000 | $102,000 |
$74,000 | $80,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $12,000 |
$12,000 | $12,000 |
$86,000 | $86,000 |
| Debt-To-Income Ratio |
2 | $71,000 |
$35,000 | $61,000 |
$65,000 | $94,000 |
| 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 MAYO EMPLOYEES FCU by:
Metropolitan Area And
County
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