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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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NESC FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NESC FEDERAL CREDIT UNION |
| Address | PO BOX 308
ANDOVER, MA 01810 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 50 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,121,000 |
| Average Mortgage Loan Amount Applied For | $33,800 |
| Highest Mortgage Loan Amount Applied For | $127,000 |
| Average Applicant Income | $69,200 |
| Highest Applicant Income | $121,000 |
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| Home Improvement |
20 | $696,000 |
$34,000 | $64,000 |
$71,000 | $121,000 |
| Home Purchase |
1 | $48,000 |
$48,000 | $48,000 |
$62,000 | $62,000 |
| Refinancing |
29 | $1,377,000 |
$47,000 | $127,000 |
$62,000 | $115,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $110,000 |
$55,000 | $60,000 |
$50,000 | $60,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
5 | $194,000 |
$38,000 | $64,000 |
$59,000 | $73,000 |
| 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 |
43 | $1,817,000 |
$42,000 | $127,000 |
$67,000 | $121,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
49 | $2,116,000 |
$43,000 | $127,000 |
$66,000 | $121,000 |
| FHA-insured (Federal Housing Administration) |
1 | $5,000 |
$5,000 | $5,000 |
$57,000 | $57,000 |
| 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 | $60,000 |
$60,000 | $60,000 |
$108,000 | $108,000 |
| Application Denied By Financial Institution |
4 | $85,000 |
$21,000 | $30,000 |
$59,000 | $101,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
45 | $1,976,000 |
$43,000 | $127,000 |
$65,000 | $121,000 |
| 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 |
2 | $50,000 |
$25,000 | $30,000 |
$74,000 | $101,000 |
| 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) |
1 | $20,000 |
$20,000 | $20,000 |
$25,000 | $25,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $15,000 |
$15,000 | $15,000 |
$64,000 | $64,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NESC FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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