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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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MIT FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MIT FEDERAL CREDIT UNION |
| Address | 700 TECHNOLOGY SQ
CAMBRIDGE, MA 02139 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 234 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $28,502,000 |
| Average Mortgage Loan Amount Applied For | $119,888 |
| Highest Mortgage Loan Amount Applied For | $475,000 |
| Average Applicant Income | $118,888 |
| Highest Applicant Income | $691,000 |
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| Home Improvement |
159 | $8,272,000 |
$52,000 | $200,000 |
$110,000 | $691,000 |
| Home Purchase |
57 | $15,550,000 |
$272,000 | $417,000 |
$83,000 | $190,000 |
| Refinancing |
18 | $4,680,000 |
$260,000 | $475,000 |
$77,000 | $132,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $1,022,000 |
$170,000 | $279,000 |
$82,000 | $120,000 |
| Black or African American |
3 | $597,000 |
$199,000 | $335,000 |
$79,000 | $106,000 |
| Hispanic |
6 | $184,000 |
$30,000 | $50,000 |
$91,000 | $118,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
95 | $6,696,000 |
$70,000 | $325,000 |
$111,000 | $691,000 |
| White |
124 | $20,003,000 |
$161,000 | $475,000 |
$96,000 | $217,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
234 | $28,502,000 |
$121,000 | $475,000 |
$101,000 | $691,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
2 | $240,000 |
$120,000 | $140,000 |
$73,000 | $78,000 |
| File Closed For Incompleteness |
8 | $644,000 |
$80,000 | $200,000 |
$85,000 | $200,000 |
| Loan Originated |
224 | $27,618,000 |
$123,000 | $475,000 |
$102,000 | $691,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 MIT FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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