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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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NORTHEAST COMMUNITY CREDIT UNI
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHEAST COMMUNITY CREDIT UNI |
| Address | 100 LAFAYETTE SQUARE
HAVERHILL, MA 01832 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 132 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $16,210,000 |
| Average Mortgage Loan Amount Applied For | $90,750 |
| Highest Mortgage Loan Amount Applied For | $480,000 |
| Average Applicant Income | $61,500 |
| Highest Applicant Income | $310,000 |
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| Home Improvement |
73 | $3,597,000 |
$49,000 | $140,000 |
$81,000 | $253,000 |
| Home Purchase |
34 | $7,131,000 |
$209,000 | $480,000 |
$73,000 | $310,000 |
| Refinancing |
27 | $6,192,000 |
$229,000 | $450,000 |
$73,000 | $180,000 |
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| American Indian or Alaskan Native |
1 | $235,000 |
$235,000 | $235,000 |
$63,000 | $63,000 |
| Asian |
1 | $15,000 |
$15,000 | $15,000 |
$35,000 | $35,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
5 | $869,000 |
$173,000 | $300,000 |
$51,000 | $63,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $434,000 |
$144,000 | $225,000 |
$37,000 | $48,000 |
| White |
124 | $15,367,000 |
$123,000 | $480,000 |
$80,000 | $310,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
134 | $16,920,000 |
$126,000 | $480,000 |
$77,000 | $310,000 |
| 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 |
15 | $2,051,000 |
$136,000 | $274,000 |
$70,000 | $146,000 |
| Application Denied By Financial Institution |
15 | $2,391,000 |
$159,000 | $460,000 |
$64,000 | $208,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
3 | $384,000 |
$128,000 | $225,000 |
$28,000 | $48,000 |
| Loan Originated |
101 | $12,094,000 |
$119,000 | $480,000 |
$82,000 | $310,000 |
| 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 | $165,000 |
$82,000 | $125,000 |
$177,000 | $208,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $300,000 |
$300,000 | $300,000 |
$37,000 | $37,000 |
| Debt-To-Income Ratio |
9 | $1,575,000 |
$175,000 | $460,000 |
$42,000 | $82,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $241,000 |
$241,000 | $241,000 |
$71,000 | $71,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $50,000 |
$50,000 | $50,000 |
$81,000 | $81,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTHEAST COMMUNITY CREDIT UNI by:
Metropolitan Area And
County
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