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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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NEVADA FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEVADA FEDERAL CREDIT UNION |
| Address | PO BOX 15400
LAS VEGAS, NV 89114 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,344 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $298,014,000 |
| Average Mortgage Loan Amount Applied For | $75,888 |
| Highest Mortgage Loan Amount Applied For | $1,046,000 |
| Average Applicant Income | $86,666 |
| Highest Applicant Income | $994,000 |
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| Home Improvement |
863 | $43,283,000 |
$50,000 | $365,000 |
$81,000 | $994,000 |
| Home Purchase |
522 | $117,439,000 |
$224,000 | $880,000 |
$74,000 | $746,000 |
| Refinancing |
1,164 | $183,964,000 |
$158,000 | $1,046,000 |
$77,000 | $510,000 |
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| American Indian or Alaskan Native |
11 | $1,353,000 |
$123,000 | $370,000 |
$93,000 | $208,000 |
| Asian |
230 | $31,620,000 |
$137,000 | $473,000 |
$77,000 | $299,000 |
| Black or African American |
173 | $25,612,000 |
$148,000 | $431,000 |
$70,000 | $240,000 |
| Hispanic |
559 | $74,876,000 |
$133,000 | $608,000 |
$59,000 | $240,000 |
| Native Hawaiin or Other Pacific Islander |
45 | $7,258,000 |
$161,000 | $440,000 |
$74,000 | $238,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
181 | $18,506,000 |
$102,000 | $410,000 |
$78,000 | $384,000 |
| White |
1,350 | $185,461,000 |
$137,000 | $1,046,000 |
$86,000 | $994,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,516 | $336,940,000 |
$133,000 | $1,046,000 |
$78,000 | $994,000 |
| FHA-insured (Federal Housing Administration) |
9 | $1,539,000 |
$171,000 | $259,000 |
$73,000 | $208,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
24 | $6,207,000 |
$258,000 | $381,000 |
$63,000 | $144,000 |
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| Application Approved But Not Accepted |
186 | $14,951,000 |
$80,000 | $370,000 |
$81,000 | $437,000 |
| Application Denied By Financial Institution |
448 | $36,909,000 |
$82,000 | $1,046,000 |
$68,000 | $792,000 |
| Application Withdrawn By Applicant |
327 | $75,443,000 |
$230,000 | $700,000 |
$75,000 | $994,000 |
| File Closed For Incompleteness |
8 | $1,442,000 |
$180,000 | $320,000 |
$59,000 | $98,000 |
| Loan Originated |
1,569 | $213,398,000 |
$136,000 | $880,000 |
$81,000 | $746,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
10 | $2,202,000 |
$220,000 | $315,000 |
$49,000 | $87,000 |
| Preapproval Denied by Financial Institution |
1 | $341,000 |
$341,000 | $341,000 |
$65,000 | $65,000 |
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| Collateral |
8 | $534,000 |
$66,000 | $151,000 |
$96,000 | $150,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $1,067,000 |
$66,000 | $150,000 |
$85,000 | $158,000 |
| Debt-To-Income Ratio |
77 | $4,351,000 |
$56,000 | $200,000 |
$59,000 | $185,000 |
| Employment History |
6 | $335,000 |
$55,000 | $115,000 |
$59,000 | $95,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $818,000 |
$62,000 | $229,000 |
$58,000 | $120,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NEVADA FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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