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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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NORLARCO CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORLARCO CREDIT UNION |
| Address | 2545 RESEARCH BLVD. P.O. BOX 528
FT. COLLINS, CO 80522 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 116 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,578,000 |
| Average Mortgage Loan Amount Applied For | $103,000 |
| Highest Mortgage Loan Amount Applied For | $508,000 |
| Average Applicant Income | $62,333 |
| Highest Applicant Income | $234,000 |
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| Home Improvement |
74 | $601,000 |
$8,000 | $50,000 |
$65,000 | $202,000 |
| Home Purchase |
20 | $3,255,000 |
$162,000 | $400,000 |
$63,000 | $159,000 |
| Refinancing |
22 | $3,722,000 |
$169,000 | $508,000 |
$76,000 | $234,000 |
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| American Indian or Alaskan Native |
1 | $5,000 |
$5,000 | $5,000 |
$34,000 | $34,000 |
| Asian |
1 | $209,000 |
$209,000 | $209,000 |
$77,000 | $77,000 |
| Black or African American |
2 | $8,000 |
$4,000 | $7,000 |
$66,000 | $114,000 |
| Hispanic |
13 | $473,000 |
$36,000 | $183,000 |
$55,000 | $97,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $102,000 |
$12,000 | $60,000 |
$58,000 | $83,000 |
| White |
91 | $6,781,000 |
$74,000 | $508,000 |
$69,000 | $234,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
110 | $7,529,000 |
$68,000 | $508,000 |
$67,000 | $234,000 |
| FHA-insured (Federal Housing Administration) |
6 | $49,000 |
$8,000 | $20,000 |
$55,000 | $98,000 |
| 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 |
21 | $210,000 |
$10,000 | $37,000 |
$57,000 | $202,000 |
| Application Withdrawn By Applicant |
4 | $36,000 |
$9,000 | $15,000 |
$70,000 | $106,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
91 | $7,332,000 |
$80,000 | $508,000 |
$69,000 | $234,000 |
| 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 | $22,000 |
$11,000 | $20,000 |
$69,000 | $78,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $102,000 |
$7,000 | $37,000 |
$59,000 | $202,000 |
| Debt-To-Income Ratio |
6 | $86,000 |
$14,000 | $37,000 |
$50,000 | $80,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 NORLARCO CREDIT UNION by:
Metropolitan Area And
County
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