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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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NIH FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NIH FEDERAL CREDIT UNION |
| Address | NIH FEDERAL CREDIT UNION P.O. BOX 6
ROCKVILLE, MD 20850 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 624 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $73,466,000 |
| Average Mortgage Loan Amount Applied For | $150,206 |
| Highest Mortgage Loan Amount Applied For | $631,000 |
| Average Applicant Income | $107,310 |
| Highest Applicant Income | $575,000 |
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| Home Improvement |
312 | $18,214,000 |
$58,000 | $250,000 |
$102,000 | $575,000 |
| Home Purchase |
163 | $42,498,000 |
$260,000 | $630,000 |
$90,000 | $237,000 |
| Refinancing |
254 | $39,633,000 |
$156,000 | $631,000 |
$98,000 | $475,000 |
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| American Indian or Alaskan Native |
1 | $12,000 |
$12,000 | $12,000 |
$45,000 | $45,000 |
| Asian |
70 | $12,275,000 |
$175,000 | $529,000 |
$105,000 | $240,000 |
| Black or African American |
176 | $29,321,000 |
$166,000 | $631,000 |
$80,000 | $475,000 |
| Hispanic |
27 | $4,332,000 |
$160,000 | $630,000 |
$95,000 | $292,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
262 | $31,577,000 |
$120,000 | $630,000 |
$97,000 | $575,000 |
| White |
193 | $22,828,000 |
$118,000 | $550,000 |
$114,000 | $372,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
729 | $100,345,000 |
$137,000 | $631,000 |
$98,000 | $575,000 |
| 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 |
67 | $10,077,000 |
$150,000 | $525,000 |
$97,000 | $475,000 |
| Application Denied By Financial Institution |
92 | $18,750,000 |
$203,000 | $630,000 |
$76,000 | $187,000 |
| Application Withdrawn By Applicant |
49 | $6,464,000 |
$131,000 | $550,000 |
$87,000 | $213,000 |
| File Closed For Incompleteness |
122 | $18,978,000 |
$155,000 | $631,000 |
$98,000 | $260,000 |
| Loan Originated |
376 | $38,115,000 |
$101,000 | $475,000 |
$105,000 | $575,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
22 | $7,700,000 |
$350,000 | $630,000 |
$105,000 | $215,000 |
| Preapproval Denied by Financial Institution |
1 | $261,000 |
$261,000 | $261,000 |
$45,000 | $45,000 |
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| Collateral |
3 | $334,000 |
$111,000 | $233,000 |
$57,000 | $79,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
28 | $4,868,000 |
$173,000 | $359,000 |
$98,000 | $160,000 |
| Debt-To-Income Ratio |
35 | $7,311,000 |
$208,000 | $630,000 |
$60,000 | $130,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
14 | $3,550,000 |
$253,000 | $350,000 |
$68,000 | $99,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $1,002,000 |
$200,000 | $310,000 |
$86,000 | $187,000 |
| Unverifiable Information |
4 | $919,000 |
$229,000 | $300,000 |
$93,000 | $128,000 |
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Mortgage Loan App Totals for NIH FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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