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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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NAE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NAE FEDERAL CREDIT UNION |
| Address | 3701 INDIAN RIVER ROAD
CHESAPEAKE, VA 23325 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 48 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,425,000 |
| Average Mortgage Loan Amount Applied For | $85,545 |
| Highest Mortgage Loan Amount Applied For | $366,000 |
| Average Applicant Income | $69,818 |
| Highest Applicant Income | $455,000 |
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| Home Improvement |
16 | $1,065,000 |
$66,000 | $240,000 |
$88,000 | $455,000 |
| Home Purchase |
9 | $1,454,000 |
$161,000 | $452,000 |
$98,000 | $228,000 |
| Refinancing |
24 | $2,358,000 |
$98,000 | $366,000 |
$72,000 | $221,000 |
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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 |
15 | $1,385,000 |
$92,000 | $240,000 |
$96,000 | $455,000 |
| Hispanic |
2 | $115,000 |
$57,000 | $65,000 |
$64,000 | $89,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
32 | $3,377,000 |
$105,000 | $452,000 |
$76,000 | $228,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
49 | $4,877,000 |
$99,000 | $452,000 |
$82,000 | $455,000 |
| 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 |
2 | $562,000 |
$281,000 | $452,000 |
$57,000 | $66,000 |
| Application Withdrawn By Applicant |
4 | $505,000 |
$126,000 | $193,000 |
$67,000 | $78,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
43 | $3,810,000 |
$88,000 | $366,000 |
$84,000 | $455,000 |
| 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 |
2 | $562,000 |
$281,000 | $452,000 |
$57,000 | $66,000 |
| 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 NAE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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