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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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MISSION FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MISSION FEDERAL CREDIT UNION |
| Address | 5785 OBERLIN DRIVE SUITE 218
SAN DIEGO, CA 92121 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,040 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $339,439,000 |
| Average Mortgage Loan Amount Applied For | $230,533 |
| Highest Mortgage Loan Amount Applied For | $1,570,000 |
| Average Applicant Income | $106,000 |
| Highest Applicant Income | $804,000 |
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| Home Improvement |
1 | $10,000 |
$10,000 | $10,000 |
$15,000 | $15,000 |
| Home Purchase |
350 | $122,809,000 |
$350,000 | $1,570,000 |
$105,000 | $804,000 |
| Refinancing |
808 | $259,208,000 |
$320,000 | $1,500,000 |
$95,000 | $392,000 |
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| American Indian or Alaskan Native |
4 | $833,000 |
$208,000 | $375,000 |
$68,000 | $161,000 |
| Asian |
53 | $21,675,000 |
$408,000 | $779,000 |
$127,000 | $780,000 |
| Black or African American |
20 | $7,009,000 |
$350,000 | $712,000 |
$83,000 | $153,000 |
| Hispanic |
221 | $66,174,000 |
$299,000 | $662,000 |
$83,000 | $226,000 |
| Native Hawaiin or Other Pacific Islander |
18 | $6,947,000 |
$385,000 | $800,000 |
$93,000 | $225,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
214 | $72,822,000 |
$340,000 | $1,050,000 |
$101,000 | $798,000 |
| White |
629 | $206,567,000 |
$328,000 | $1,570,000 |
$101,000 | $804,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,159 | $382,027,000 |
$329,000 | $1,570,000 |
$98,000 | $804,000 |
| 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 |
191 | $64,476,000 |
$337,000 | $965,000 |
$91,000 | $344,000 |
| Application Withdrawn By Applicant |
331 | $113,504,000 |
$342,000 | $1,384,000 |
$96,000 | $798,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
631 | $202,543,000 |
$320,000 | $1,570,000 |
$102,000 | $804,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
5 | $1,304,000 |
$260,000 | $375,000 |
$63,000 | $84,000 |
| Preapproval Denied by Financial Institution |
1 | $200,000 |
$200,000 | $200,000 |
$0 | $0 |
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| Collateral |
7 | $2,383,000 |
$340,000 | $540,000 |
$105,000 | $183,000 |
| Credit Application Incomplete |
95 | $31,599,000 |
$332,000 | $800,000 |
$93,000 | $251,000 |
| Credit History |
25 | $7,939,000 |
$317,000 | $965,000 |
$81,000 | $218,000 |
| Debt-To-Income Ratio |
28 | $11,298,000 |
$403,000 | $720,000 |
$95,000 | $344,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $1,425,000 |
$356,000 | $640,000 |
$89,000 | $154,000 |
| Mortgage Insurance Denied |
9 | $1,708,000 |
$189,000 | $371,000 |
$56,000 | $147,000 |
| Other |
23 | $7,907,000 |
$343,000 | $713,000 |
$94,000 | $320,000 |
| Unverifiable Information |
1 | $417,000 |
$417,000 | $417,000 |
$84,000 | $84,000 |
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Mortgage Loan App Totals for MISSION FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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