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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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NORTHWOODS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHWOODS CREDIT UNION |
| Address | 1702 AVENUE B PO BOX 190
CLOQUET, MN 55720 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 8 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $717,000 |
| Average Mortgage Loan Amount Applied For | $61,500 |
| Highest Mortgage Loan Amount Applied For | $190,000 |
| Average Applicant Income | $40,500 |
| Highest Applicant Income | $91,000 |
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| Home Improvement |
6 | $109,000 |
$18,000 | $50,000 |
$58,000 | $91,000 |
| Home Purchase |
26 | $3,144,000 |
$120,000 | $257,000 |
$35,000 | $59,000 |
| Refinancing |
19 | $2,863,000 |
$150,000 | $286,000 |
$46,000 | $105,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
51 | $6,116,000 |
$119,000 | $286,000 |
$42,000 | $105,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
51 | $6,116,000 |
$119,000 | $286,000 |
$42,000 | $105,000 |
| 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 |
5 | $404,000 |
$80,000 | $214,000 |
$59,000 | $105,000 |
| Application Denied By Financial Institution |
11 | $1,536,000 |
$139,000 | $286,000 |
$41,000 | $65,000 |
| Application Withdrawn By Applicant |
1 | $285,000 |
$285,000 | $285,000 |
$71,000 | $71,000 |
| File Closed For Incompleteness |
1 | $50,000 |
$50,000 | $50,000 |
$48,000 | $48,000 |
| Loan Originated |
7 | $697,000 |
$99,000 | $190,000 |
$52,000 | $91,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
12 | $1,820,000 |
$151,000 | $257,000 |
$40,000 | $59,000 |
| Preapproval Denied by Financial Institution |
14 | $1,324,000 |
$94,000 | $150,000 |
$31,000 | $50,000 |
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| Collateral |
4 | $321,000 |
$80,000 | $146,000 |
$24,000 | $31,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $452,000 |
$113,000 | $182,000 |
$43,000 | $65,000 |
| Debt-To-Income Ratio |
12 | $1,702,000 |
$141,000 | $286,000 |
$38,000 | $60,000 |
| Employment History |
2 | $210,000 |
$105,000 | $110,000 |
$27,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $110,000 |
$55,000 | $100,000 |
$42,000 | $60,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTHWOODS CREDIT UNION by:
Metropolitan Area And
County
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