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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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MIDDLESEX FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDDLESEX FEDERAL CREDIT UNION |
| Address | 524 SOUTH MAIN ST
MIDDLETOWN, CT 06457 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 141 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,059,000 |
| Average Mortgage Loan Amount Applied For | $60,166 |
| Highest Mortgage Loan Amount Applied For | $250,000 |
| Average Applicant Income | $87,666 |
| Highest Applicant Income | $248,000 |
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| Home Improvement |
102 | $4,719,000 |
$46,000 | $175,000 |
$94,000 | $248,000 |
| Home Purchase |
3 | $191,000 |
$63,000 | $100,000 |
$70,000 | $76,000 |
| Refinancing |
36 | $4,149,000 |
$115,000 | $250,000 |
$78,000 | $182,000 |
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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 |
7 | $449,000 |
$64,000 | $170,000 |
$70,000 | $121,000 |
| Hispanic |
3 | $195,000 |
$65,000 | $120,000 |
$61,000 | $76,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $120,000 |
$60,000 | $60,000 |
$57,000 | $64,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
129 | $8,295,000 |
$64,000 | $250,000 |
$92,000 | $248,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
141 | $9,059,000 |
$64,000 | $250,000 |
$90,000 | $248,000 |
| 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 |
3 | $315,000 |
$105,000 | $220,000 |
$79,000 | $90,000 |
| Application Denied By Financial Institution |
3 | $495,000 |
$165,000 | $195,000 |
$94,000 | $121,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
135 | $8,249,000 |
$61,000 | $250,000 |
$90,000 | $248,000 |
| 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 | $150,000 |
$150,000 | $150,000 |
$121,000 | $121,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $195,000 |
$195,000 | $195,000 |
$79,000 | $79,000 |
| Debt-To-Income Ratio |
1 | $150,000 |
$150,000 | $150,000 |
$84,000 | $84,000 |
| 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 MIDDLESEX FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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