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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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NEW ENGLAND FEDERAL CREDIT UNI
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW ENGLAND FEDERAL CREDIT UNI |
| Address | 141 HARVEST LANE
WILLISTON, VT 05495 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,396 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $201,278,000 |
| Average Mortgage Loan Amount Applied For | $160,500 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $77,650 |
| Highest Applicant Income | $920,000 |
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| Home Improvement |
213 | $8,289,000 |
$38,000 | $335,000 |
$54,000 | $211,000 |
| Home Purchase |
1,034 | $183,603,000 |
$177,000 | $1,000,000 |
$72,000 | $990,000 |
| Refinancing |
538 | $81,464,000 |
$151,000 | $1,000,000 |
$72,000 | $815,000 |
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| American Indian or Alaskan Native |
8 | $1,415,000 |
$176,000 | $315,000 |
$107,000 | $389,000 |
| Asian |
38 | $7,065,000 |
$185,000 | $362,000 |
$68,000 | $169,000 |
| Black or African American |
15 | $3,094,000 |
$206,000 | $370,000 |
$80,000 | $190,000 |
| Hispanic |
24 | $3,608,000 |
$150,000 | $450,000 |
$72,000 | $275,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $209,000 |
$209,000 | $209,000 |
$62,000 | $62,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
259 | $41,651,000 |
$160,000 | $1,000,000 |
$81,000 | $990,000 |
| White |
1,440 | $216,314,000 |
$150,000 | $1,000,000 |
$68,000 | $398,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,780 | $272,453,000 |
$153,000 | $1,000,000 |
$70,000 | $990,000 |
| FHA-insured (Federal Housing Administration) |
4 | $696,000 |
$174,000 | $218,000 |
$70,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $207,000 |
$207,000 | $207,000 |
$81,000 | $81,000 |
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| Application Approved But Not Accepted |
58 | $9,947,000 |
$171,000 | $800,000 |
$64,000 | $159,000 |
| Application Denied By Financial Institution |
54 | $7,705,000 |
$142,000 | $400,000 |
$49,000 | $181,000 |
| Application Withdrawn By Applicant |
99 | $14,723,000 |
$148,000 | $556,000 |
$71,000 | $361,000 |
| File Closed For Incompleteness |
12 | $2,207,000 |
$183,000 | $344,000 |
$61,000 | $102,000 |
| Loan Originated |
1,177 | $167,044,000 |
$141,000 | $1,000,000 |
$72,000 | $920,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
330 | $63,878,000 |
$193,000 | $1,000,000 |
$69,000 | $990,000 |
| Preapproval Denied by Financial Institution |
55 | $7,852,000 |
$142,000 | $260,000 |
$48,000 | $106,000 |
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| Collateral |
4 | $732,000 |
$183,000 | $228,000 |
$109,000 | $181,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
26 | $3,390,000 |
$130,000 | $255,000 |
$51,000 | $90,000 |
| Debt-To-Income Ratio |
22 | $3,565,000 |
$162,000 | $400,000 |
$43,000 | $80,000 |
| Employment History |
1 | $154,000 |
$154,000 | $154,000 |
$31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $632,000 |
$105,000 | $225,000 |
$50,000 | $106,000 |
| Unverifiable Information |
1 | $216,000 |
$216,000 | $216,000 |
$43,000 | $43,000 |
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Mortgage Loan App Totals for NEW ENGLAND FEDERAL CREDIT UNI by:
Metropolitan Area And
County
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