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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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NFCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
NFCU |
| Address | 820 FOLLIN LANE
VIENNA, VA 22180 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 56,857 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,613,823,000 |
| Average Mortgage Loan Amount Applied For | $115,814 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $82,238 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
10,400 | $320,881,000 |
$30,000 | $350,000 |
$86,000 | $1,680,000 |
| Home Purchase |
27,343 | $5,952,153,000 |
$217,000 | $1,760,000 |
$87,000 | $9,999,000 |
| Refinancing |
27,596 | $4,199,060,000 |
$152,000 | $1,800,000 |
$96,000 | $6,062,000 |
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| American Indian or Alaskan Native |
642 | $87,839,000 |
$136,000 | $820,000 |
$83,000 | $1,680,000 |
| Asian |
2,410 | $465,133,000 |
$193,000 | $1,760,000 |
$93,000 | $1,132,000 |
| Black or African American |
8,074 | $1,098,461,000 |
$136,000 | $950,000 |
$80,000 | $6,374,000 |
| Hispanic |
3,857 | $572,357,000 |
$148,000 | $810,000 |
$79,000 | $1,679,000 |
| Native Hawaiin or Other Pacific Islander |
579 | $100,217,000 |
$173,000 | $1,200,000 |
$89,000 | $540,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
19,145 | $3,166,707,000 |
$165,000 | $1,800,000 |
$93,000 | $9,999,000 |
| White |
30,632 | $4,981,380,000 |
$162,000 | $1,400,000 |
$93,000 | $1,889,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
64,887 | $10,393,484,000 |
$160,000 | $1,800,000 |
$91,000 | $9,999,000 |
| 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) |
452 | $78,610,000 |
$173,000 | $417,000 |
$69,000 | $456,000 |
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| Application Approved But Not Accepted |
1,516 | $259,328,000 |
$171,000 | $960,000 |
$95,000 | $1,178,000 |
| Application Denied By Financial Institution |
5,417 | $494,708,000 |
$91,000 | $989,000 |
$76,000 | $9,999,000 |
| Application Withdrawn By Applicant |
11,241 | $2,247,950,000 |
$199,000 | $1,800,000 |
$90,000 | $1,710,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
38,683 | $5,611,837,000 |
$145,000 | $1,406,000 |
$95,000 | $3,089,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
5,781 | $1,369,371,000 |
$236,000 | $1,760,000 |
$85,000 | $1,889,000 |
| Preapproval Denied by Financial Institution |
2,701 | $488,900,000 |
$181,000 | $1,500,000 |
$65,000 | $6,374,000 |
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| Collateral |
491 | $19,205,000 |
$39,000 | $417,000 |
$74,000 | $731,000 |
| Credit Application Incomplete |
2 | $202,000 |
$101,000 | $125,000 |
$63,000 | $84,000 |
| Credit History |
3,782 | $510,970,000 |
$135,000 | $878,000 |
$72,000 | $6,374,000 |
| Debt-To-Income Ratio |
2,559 | $350,933,000 |
$137,000 | $1,500,000 |
$63,000 | $450,000 |
| Employment History |
80 | $13,260,000 |
$165,000 | $720,000 |
$59,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
88 | $14,034,000 |
$159,000 | $400,000 |
$61,000 | $230,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1,102 | $73,047,000 |
$66,000 | $695,000 |
$92,000 | $9,999,000 |
| Unverifiable Information |
14 | $1,957,000 |
$139,000 | $480,000 |
$121,000 | $288,000 |
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Mortgage Loan App Totals for NFCU by:
Metropolitan Area And
County
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