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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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MILLBURY FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MILLBURY FEDERAL CREDIT UNION |
| Address | 50 MAIN STREET
MILLBURY, MA 01527 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 174 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $36,772,000 |
| Average Mortgage Loan Amount Applied For | $393,000 |
| Highest Mortgage Loan Amount Applied For | $1,900,000 |
| Average Applicant Income | $90,545 |
| Highest Applicant Income | $382,000 |
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| Home Improvement |
13 | $1,800,000 |
$138,000 | $522,000 |
$84,000 | $169,000 |
| Home Purchase |
59 | $13,295,000 |
$225,000 | $1,106,000 |
$65,000 | $202,000 |
| Refinancing |
103 | $21,837,000 |
$212,000 | $1,900,000 |
$75,000 | $382,000 |
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| American Indian or Alaskan Native |
1 | $220,000 |
$220,000 | $220,000 |
$104,000 | $104,000 |
| Asian |
1 | $245,000 |
$245,000 | $245,000 |
$40,000 | $40,000 |
| Black or African American |
2 | $270,000 |
$135,000 | $200,000 |
$72,000 | $82,000 |
| Hispanic |
1 | $165,000 |
$165,000 | $165,000 |
$40,000 | $40,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
43 | $13,141,000 |
$305,000 | $1,900,000 |
$55,000 | $258,000 |
| Not Provided |
4 | $1,015,000 |
$253,000 | $425,000 |
$45,000 | $98,000 |
| White |
123 | $21,876,000 |
$177,000 | $522,000 |
$79,000 | $382,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
175 | $36,932,000 |
$211,000 | $1,900,000 |
$72,000 | $382,000 |
| 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 |
14 | $3,283,000 |
$234,000 | $522,000 |
$64,000 | $104,000 |
| Application Withdrawn By Applicant |
10 | $2,033,000 |
$203,000 | $305,000 |
$59,000 | $98,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
108 | $18,628,000 |
$172,000 | $446,000 |
$81,000 | $382,000 |
| Loan Purchased By The Institution |
42 | $12,828,000 |
$305,000 | $1,900,000 |
$56,000 | $258,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $160,000 |
$160,000 | $160,000 |
$35,000 | $35,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,238,000 |
$176,000 | $434,000 |
$73,000 | $104,000 |
| Debt-To-Income Ratio |
8 | $2,205,000 |
$275,000 | $522,000 |
$53,000 | $98,000 |
| 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 MILLBURY FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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