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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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NRL FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NRL FEDERAL CREDIT UNION |
| Address | 6009 OXON HILL ROAD STE. 300
OXON HILL, MD 20750 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 296 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $51,294,000 |
| Average Mortgage Loan Amount Applied For | $188,705 |
| Highest Mortgage Loan Amount Applied For | $810,000 |
| Average Applicant Income | $116,014 |
| Highest Applicant Income | $325,000 |
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| Home Improvement |
19 | $2,021,000 |
$106,000 | $400,000 |
$109,000 | $258,000 |
| Home Purchase |
72 | $16,564,000 |
$230,000 | $600,000 |
$99,000 | $325,000 |
| Refinancing |
212 | $34,183,000 |
$161,000 | $810,000 |
$104,000 | $310,000 |
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| American Indian or Alaskan Native |
2 | $376,000 |
$188,000 | $251,000 |
$99,000 | $104,000 |
| Asian |
8 | $1,890,000 |
$236,000 | $510,000 |
$81,000 | $146,000 |
| Black or African American |
59 | $10,785,000 |
$182,000 | $810,000 |
$84,000 | $261,000 |
| Hispanic |
3 | $226,000 |
$75,000 | $135,000 |
$92,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
91 | $15,107,000 |
$166,000 | $600,000 |
$112,000 | $267,000 |
| White |
140 | $24,384,000 |
$174,000 | $500,000 |
$107,000 | $325,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
303 | $52,768,000 |
$174,000 | $810,000 |
$103,000 | $325,000 |
| 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 | $1,045,000 |
$348,000 | $600,000 |
$146,000 | $267,000 |
| Application Denied By Financial Institution |
31 | $7,039,000 |
$227,000 | $415,000 |
$87,000 | $323,000 |
| Application Withdrawn By Applicant |
19 | $4,700,000 |
$247,000 | $510,000 |
$92,000 | $166,000 |
| File Closed For Incompleteness |
1 | $320,000 |
$320,000 | $320,000 |
$86,000 | $86,000 |
| Loan Originated |
247 | $39,140,000 |
$158,000 | $810,000 |
$105,000 | $325,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $524,000 |
$262,000 | $324,000 |
$110,000 | $156,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $3,338,000 |
$238,000 | $382,000 |
$81,000 | $183,000 |
| Debt-To-Income Ratio |
4 | $583,000 |
$145,000 | $300,000 |
$111,000 | $323,000 |
| Employment History |
2 | $385,000 |
$192,000 | $250,000 |
$56,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $287,000 |
$287,000 | $287,000 |
$82,000 | $82,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $1,050,000 |
$262,000 | $415,000 |
$75,000 | $93,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NRL FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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