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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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NORTHWEST FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHWEST FEDERAL CREDIT UNION |
| Address | 220 SPRING STREET SUITE 250
HERNDON, VA 20172 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,271 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $350,058,000 |
| Average Mortgage Loan Amount Applied For | $121,502 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $103,570 |
| Highest Applicant Income | $1,753,000 |
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| Home Improvement |
527 | $29,595,000 |
$56,000 | $350,000 |
$108,000 | $324,000 |
| Home Purchase |
1,514 | $429,287,000 |
$283,000 | $1,000,000 |
$99,000 | $1,194,000 |
| Refinancing |
1,233 | $199,661,000 |
$161,000 | $975,000 |
$119,000 | $1,753,000 |
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| American Indian or Alaskan Native |
22 | $5,056,000 |
$229,000 | $603,000 |
$106,000 | $273,000 |
| Asian |
159 | $35,540,000 |
$223,000 | $800,000 |
$97,000 | $322,000 |
| Black or African American |
489 | $101,360,000 |
$207,000 | $774,000 |
$90,000 | $323,000 |
| Hispanic |
99 | $20,615,000 |
$208,000 | $500,000 |
$93,000 | $273,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $1,970,000 |
$197,000 | $356,000 |
$75,000 | $211,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
836 | $165,208,000 |
$197,000 | $810,000 |
$115,000 | $1,753,000 |
| White |
1,659 | $328,794,000 |
$198,000 | $1,000,000 |
$111,000 | $1,246,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,273 | $658,223,000 |
$201,000 | $1,000,000 |
$108,000 | $1,753,000 |
| 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) |
1 | $320,000 |
$320,000 | $320,000 |
$72,000 | $72,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
137 | $34,358,000 |
$250,000 | $770,000 |
$84,000 | $331,000 |
| Application Withdrawn By Applicant |
382 | $87,590,000 |
$229,000 | $1,000,000 |
$120,000 | $1,753,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,875 | $264,419,000 |
$141,000 | $1,000,000 |
$112,000 | $480,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
852 | $264,421,000 |
$310,000 | $800,000 |
$97,000 | $1,194,000 |
| Preapproval Denied by Financial Institution |
28 | $7,755,000 |
$276,000 | $774,000 |
$68,000 | $173,000 |
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| Collateral |
2 | $323,000 |
$161,000 | $272,000 |
$110,000 | $110,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
109 | $28,771,000 |
$263,000 | $774,000 |
$85,000 | $331,000 |
| Debt-To-Income Ratio |
49 | $11,209,000 |
$228,000 | $568,000 |
$62,000 | $157,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $1,033,000 |
$516,000 | $568,000 |
$204,000 | $233,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $417,000 |
$417,000 | $417,000 |
$146,000 | $146,000 |
| Unverifiable Information |
1 | $90,000 |
$90,000 | $90,000 |
$63,000 | $63,000 |
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Mortgage Loan App Totals for NORTHWEST FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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