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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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ORNL FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ORNL FEDERAL CREDIT UNION |
| Address | 221 S. RUTGERS AVENUE
OAK RIDGE, TN 37830 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 780 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $80,751,000 |
| Average Mortgage Loan Amount Applied For | $101,769 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $62,307 |
| Highest Applicant Income | $360,000 |
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| Home Improvement |
175 | $1,876,000 |
$10,000 | $165,000 |
$48,000 | $195,000 |
| Home Purchase |
461 | $57,917,000 |
$125,000 | $1,700,000 |
$63,000 | $264,000 |
| Refinancing |
413 | $45,654,000 |
$110,000 | $500,000 |
$61,000 | $360,000 |
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| American Indian or Alaskan Native |
4 | $69,000 |
$17,000 | $60,000 |
$44,000 | $60,000 |
| Asian |
9 | $1,891,000 |
$210,000 | $400,000 |
$75,000 | $190,000 |
| Black or African American |
34 | $1,492,000 |
$43,000 | $142,000 |
$49,000 | $195,000 |
| Hispanic |
19 | $1,642,000 |
$86,000 | $304,000 |
$51,000 | $104,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
140 | $11,180,000 |
$79,000 | $400,000 |
$57,000 | $237,000 |
| White |
843 | $89,173,000 |
$105,000 | $1,700,000 |
$61,000 | $360,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,049 | $105,447,000 |
$100,000 | $1,700,000 |
$60,000 | $360,000 |
| 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 |
30 | $3,421,000 |
$114,000 | $400,000 |
$60,000 | $264,000 |
| Application Denied By Financial Institution |
110 | $6,906,000 |
$62,000 | $228,000 |
$44,000 | $195,000 |
| Application Withdrawn By Applicant |
30 | $2,912,000 |
$97,000 | $245,000 |
$67,000 | $236,000 |
| File Closed For Incompleteness |
4 | $489,000 |
$122,000 | $240,000 |
$52,000 | $64,000 |
| Loan Originated |
875 | $91,719,000 |
$104,000 | $1,700,000 |
$62,000 | $360,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $5,000 |
$5,000 | $5,000 |
$88,000 | $88,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $230,000 |
$12,000 | $101,000 |
$36,000 | $68,000 |
| Debt-To-Income Ratio |
21 | $198,000 |
$9,000 | $90,000 |
$46,000 | $195,000 |
| Employment History |
4 | $101,000 |
$25,000 | $93,000 |
$30,000 | $60,000 |
| 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 ORNL FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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