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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 HORIZONS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW HORIZONS CREDIT UNION |
| Address | P O BOX 2966
MOBILE, AL 36652 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 62 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,567,000 |
| Average Mortgage Loan Amount Applied For | $103,500 |
| Highest Mortgage Loan Amount Applied For | $400,000 |
| Average Applicant Income | $80,000 |
| Highest Applicant Income | $140,000 |
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| Home Improvement |
11 | $184,000 |
$16,000 | $30,000 |
$56,000 | $87,000 |
| Home Purchase |
11 | $1,093,000 |
$99,000 | $228,000 |
$63,000 | $140,000 |
| Refinancing |
40 | $4,290,000 |
$107,000 | $400,000 |
$55,000 | $121,000 |
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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 | $1,260,000 |
$84,000 | $400,000 |
$44,000 | $87,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $53,000 |
$53,000 | $53,000 |
$46,000 | $46,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
46 | $4,254,000 |
$92,000 | $258,000 |
$61,000 | $140,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
62 | $5,567,000 |
$89,000 | $400,000 |
$57,000 | $140,000 |
| 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 |
10 | $964,000 |
$96,000 | $400,000 |
$52,000 | $119,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
52 | $4,603,000 |
$88,000 | $258,000 |
$58,000 | $140,000 |
| 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 | $186,000 |
$93,000 | $173,000 |
$44,000 | $51,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $60,000 |
$60,000 | $60,000 |
$21,000 | $21,000 |
| Debt-To-Income Ratio |
5 | $600,000 |
$120,000 | $400,000 |
$64,000 | $119,000 |
| Employment History |
2 | $118,000 |
$59,000 | $65,000 |
$47,000 | $48,000 |
| 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 NEW HORIZONS CREDIT UNION by:
Metropolitan Area And
County
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