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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 CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHEAST CREDIT UNION |
| Address | 100 BORTHWICK AVENUE
PORTSMOUTH, NH 03801 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,454 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $117,880,000 |
| Average Mortgage Loan Amount Applied For | $71,727 |
| Highest Mortgage Loan Amount Applied For | $670,000 |
| Average Applicant Income | $76,818 |
| Highest Applicant Income | $380,000 |
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| Home Improvement |
1,117 | $60,574,000 |
$54,000 | $216,000 |
$85,000 | $380,000 |
| Home Purchase |
231 | $40,122,000 |
$173,000 | $360,000 |
$68,000 | $1,320,000 |
| Refinancing |
200 | $35,347,000 |
$176,000 | $670,000 |
$72,000 | $242,000 |
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| American Indian or Alaskan Native |
4 | $500,000 |
$125,000 | $197,000 |
$63,000 | $100,000 |
| Asian |
9 | $1,198,000 |
$133,000 | $216,000 |
$68,000 | $115,000 |
| Black or African American |
6 | $625,000 |
$104,000 | $300,000 |
$68,000 | $105,000 |
| Hispanic |
6 | $566,000 |
$94,000 | $175,000 |
$78,000 | $145,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $490,000 |
$163,000 | $350,000 |
$91,000 | $126,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
258 | $33,898,000 |
$131,000 | $670,000 |
$82,000 | $1,320,000 |
| White |
1,262 | $98,766,000 |
$78,000 | $440,000 |
$80,000 | $380,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,548 | $136,043,000 |
$87,000 | $670,000 |
$80,000 | $1,320,000 |
| 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 |
3 | $490,000 |
$163,000 | $220,000 |
$60,000 | $91,000 |
| Application Denied By Financial Institution |
63 | $11,337,000 |
$179,000 | $670,000 |
$54,000 | $242,000 |
| Application Withdrawn By Applicant |
120 | $22,398,000 |
$186,000 | $425,000 |
$80,000 | $1,320,000 |
| File Closed For Incompleteness |
4 | $720,000 |
$180,000 | $209,000 |
$67,000 | $115,000 |
| Loan Originated |
1,337 | $96,398,000 |
$72,000 | $440,000 |
$82,000 | $380,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
20 | $4,506,000 |
$225,000 | $360,000 |
$70,000 | $117,000 |
| Preapproval Denied by Financial Institution |
1 | $194,000 |
$194,000 | $194,000 |
$109,000 | $109,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
4 | $918,000 |
$229,000 | $347,000 |
$77,000 | $110,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTHEAST CREDIT UNION by:
Metropolitan Area And
County
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