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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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PAC FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PAC FEDERAL CREDIT UNION |
| Address | 11905 JOS.CAMPAU
HAMTRAMCK, MI 48212 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 118 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,283,000 |
| Average Mortgage Loan Amount Applied For | $66,000 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $45,833 |
| Highest Applicant Income | $288,000 |
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| Home Improvement |
12 | $318,000 |
$26,000 | $160,000 |
$36,000 | $70,000 |
| Home Purchase |
39 | $3,144,000 |
$80,000 | $450,000 |
$52,000 | $288,000 |
| Refinancing |
67 | $5,821,000 |
$86,000 | $250,000 |
$50,000 | $162,000 |
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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 |
1 | $136,000 |
$136,000 | $136,000 |
$45,000 | $45,000 |
| White |
117 | $9,147,000 |
$78,000 | $450,000 |
$49,000 | $288,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
117 | $9,273,000 |
$79,000 | $450,000 |
$49,000 | $288,000 |
| FHA-insured (Federal Housing Administration) |
1 | $10,000 |
$10,000 | $10,000 |
$45,000 | $45,000 |
| 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 | $130,000 |
$65,000 | $118,000 |
$54,000 | $58,000 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
5 | $329,000 |
$65,000 | $176,000 |
$23,000 | $45,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
111 | $8,824,000 |
$79,000 | $450,000 |
$50,000 | $288,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 PAC FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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