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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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MEMBERS PLUS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MEMBERS PLUS CREDIT UNION |
| Address | 111 SOUTH STREET
SOMERVILLE, MA 02143 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 104 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,512,000 |
| Average Mortgage Loan Amount Applied For | $222,100 |
| Highest Mortgage Loan Amount Applied For | $581,000 |
| Average Applicant Income | $88,700 |
| Highest Applicant Income | $172,000 |
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| Home Improvement |
5 | $822,000 |
$164,000 | $230,000 |
$93,000 | $116,000 |
| Home Purchase |
34 | $8,753,000 |
$257,000 | $539,000 |
$86,000 | $172,000 |
| Refinancing |
73 | $17,917,000 |
$245,000 | $581,000 |
$89,000 | $152,000 |
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| American Indian or Alaskan Native |
1 | $70,000 |
$70,000 | $70,000 |
$110,000 | $110,000 |
| Asian |
1 | $361,000 |
$361,000 | $361,000 |
$117,000 | $117,000 |
| Black or African American |
8 | $2,343,000 |
$292,000 | $495,000 |
$94,000 | $150,000 |
| Hispanic |
1 | $370,000 |
$370,000 | $370,000 |
$97,000 | $97,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9 | $3,022,000 |
$335,000 | $581,000 |
$78,000 | $139,000 |
| White |
92 | $21,326,000 |
$231,000 | $539,000 |
$88,000 | $172,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
112 | $27,492,000 |
$245,000 | $581,000 |
$88,000 | $172,000 |
| 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 |
1 | $150,000 |
$150,000 | $150,000 |
$30,000 | $30,000 |
| Application Denied By Financial Institution |
17 | $5,583,000 |
$328,000 | $539,000 |
$83,000 | $152,000 |
| Application Withdrawn By Applicant |
3 | $874,000 |
$291,000 | $361,000 |
$101,000 | $117,000 |
| File Closed For Incompleteness |
7 | $1,610,000 |
$230,000 | $370,000 |
$88,000 | $163,000 |
| Loan Originated |
84 | $19,275,000 |
$229,000 | $581,000 |
$89,000 | $172,000 |
| 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 |
1 | $434,000 |
$434,000 | $434,000 |
$77,000 | $77,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $829,000 |
$414,000 | $489,000 |
$116,000 | $152,000 |
| Debt-To-Income Ratio |
11 | $3,749,000 |
$340,000 | $539,000 |
$77,000 | $114,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $216,000 |
$216,000 | $216,000 |
$77,000 | $77,000 |
| Mortgage Insurance Denied |
1 | $285,000 |
$285,000 | $285,000 |
$71,000 | $71,000 |
| Other |
1 | $70,000 |
$70,000 | $70,000 |
$110,000 | $110,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MEMBERS PLUS CREDIT UNION by:
Metropolitan Area And
County
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