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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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MIDFLORIDA FEDERAL CREDIT UNIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIDFLORIDA FEDERAL CREDIT UNIO |
| Address | 3008 S FLORIDA AVENUE
LAKELAND, FL 33803 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,140 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $85,675,000 |
| Average Mortgage Loan Amount Applied For | $154,437 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $98,375 |
| Highest Applicant Income | $628,000 |
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| Home Improvement |
440 | $15,702,000 |
$35,000 | $200,000 |
$69,000 | $288,000 |
| Home Purchase |
231 | $31,654,000 |
$137,000 | $1,300,000 |
$77,000 | $628,000 |
| Refinancing |
469 | $38,319,000 |
$81,000 | $530,000 |
$57,000 | $347,000 |
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| American Indian or Alaskan Native |
2 | $277,000 |
$138,000 | $217,000 |
$145,000 | $214,000 |
| Asian |
8 | $1,148,000 |
$143,000 | $393,000 |
$118,000 | $250,000 |
| Black or African American |
69 | $4,151,000 |
$60,000 | $360,000 |
$51,000 | $154,000 |
| Hispanic |
97 | $7,094,000 |
$73,000 | $530,000 |
$64,000 | $628,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $364,000 |
$72,000 | $182,000 |
$73,000 | $110,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $80,000 |
$40,000 | $50,000 |
$81,000 | $104,000 |
| White |
957 | $72,561,000 |
$75,000 | $1,300,000 |
$66,000 | $582,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,140 | $85,675,000 |
$75,000 | $1,300,000 |
$66,000 | $628,000 |
| 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 | $25,000 |
$25,000 | $25,000 |
$27,000 | $27,000 |
| Application Denied By Financial Institution |
40 | $3,277,000 |
$81,000 | $360,000 |
$61,000 | $238,000 |
| Application Withdrawn By Applicant |
62 | $5,056,000 |
$81,000 | $325,000 |
$65,000 | $628,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,037 | $77,317,000 |
$74,000 | $1,300,000 |
$66,000 | $582,000 |
| 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 |
19 | $1,439,000 |
$75,000 | $296,000 |
$65,000 | $238,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $440,000 |
$88,000 | $360,000 |
$62,000 | $149,000 |
| Debt-To-Income Ratio |
7 | $527,000 |
$75,000 | $200,000 |
$33,000 | $64,000 |
| Employment History |
3 | $110,000 |
$36,000 | $55,000 |
$104,000 | $169,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $281,000 |
$93,000 | $131,000 |
$49,000 | $51,000 |
| 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 MIDFLORIDA FEDERAL CREDIT UNIO by:
Metropolitan Area And
County
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