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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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OCEAN COMMUNITIES FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCEAN COMMUNITIES FCU |
| Address | PO BOX 1961
BIDDEFORD, ME 04005 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 186 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,388,000 |
| Average Mortgage Loan Amount Applied For | $77,166 |
| Highest Mortgage Loan Amount Applied For | $496,000 |
| Average Applicant Income | $62,833 |
| Highest Applicant Income | $248,000 |
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| Home Improvement |
74 | $2,488,000 |
$33,000 | $200,000 |
$57,000 | $131,000 |
| Home Purchase |
24 | $4,765,000 |
$198,000 | $496,000 |
$82,000 | $248,000 |
| Refinancing |
93 | $6,330,000 |
$68,000 | $376,000 |
$53,000 | $115,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $115,000 |
$57,000 | $91,000 |
$38,000 | $49,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $48,000 |
$48,000 | $48,000 |
$16,000 | $16,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $126,000 |
$126,000 | $126,000 |
$0 | $0 |
| Not Provided |
6 | $1,224,000 |
$204,000 | $334,000 |
$68,000 | $142,000 |
| White |
181 | $12,070,000 |
$66,000 | $496,000 |
$59,000 | $248,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
191 | $13,583,000 |
$71,000 | $496,000 |
$58,000 | $248,000 |
| 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 |
2 | $306,000 |
$153,000 | $291,000 |
$55,000 | $92,000 |
| Application Denied By Financial Institution |
4 | $290,000 |
$72,000 | $180,000 |
$72,000 | $100,000 |
| Application Withdrawn By Applicant |
5 | $425,000 |
$85,000 | $122,000 |
$48,000 | $94,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
175 | $11,367,000 |
$64,000 | $496,000 |
$58,000 | $248,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
5 | $1,195,000 |
$239,000 | $334,000 |
$74,000 | $142,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $105,000 |
$105,000 | $105,000 |
$94,000 | $94,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $3,000 |
$3,000 | $3,000 |
$70,000 | $70,000 |
| Debt-To-Income Ratio |
1 | $2,000 |
$2,000 | $2,000 |
$26,000 | $26,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for OCEAN COMMUNITIES FCU by:
Metropolitan Area And
County
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