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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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PALMETTO CITIZENS FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
PALMETTO CITIZENS FCU |
| Address | PO BOX 5846
COLUMBIA, SC 29250-5846 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 468 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,540,000 |
| Average Mortgage Loan Amount Applied For | $83,375 |
| Highest Mortgage Loan Amount Applied For | $536,000 |
| Average Applicant Income | $64,875 |
| Highest Applicant Income | $242,000 |
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| Home Improvement |
8 | $177,000 |
$22,000 | $72,000 |
$71,000 | $217,000 |
| Home Purchase |
249 | $30,074,000 |
$120,000 | $390,000 |
$55,000 | $242,000 |
| Refinancing |
303 | $22,552,000 |
$74,000 | $536,000 |
$62,000 | $201,000 |
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| American Indian or Alaskan Native |
1 | $75,000 |
$75,000 | $75,000 |
$30,000 | $30,000 |
| Asian |
8 | $827,000 |
$103,000 | $194,000 |
$49,000 | $109,000 |
| Black or African American |
140 | $13,043,000 |
$93,000 | $390,000 |
$49,000 | $217,000 |
| Hispanic |
2 | $209,000 |
$104,000 | $115,000 |
$28,000 | $38,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
108 | $8,369,000 |
$77,000 | $536,000 |
$60,000 | $197,000 |
| White |
301 | $30,280,000 |
$100,000 | $400,000 |
$64,000 | $242,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
518 | $48,536,000 |
$93,000 | $536,000 |
$59,000 | $242,000 |
| FHA-insured (Federal Housing Administration) |
34 | $3,201,000 |
$94,000 | $203,000 |
$65,000 | $217,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,066,000 |
$133,000 | $189,000 |
$46,000 | $70,000 |
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| Application Approved But Not Accepted |
2 | $143,000 |
$71,000 | $111,000 |
$62,000 | $65,000 |
| Application Denied By Financial Institution |
120 | $10,115,000 |
$84,000 | $300,000 |
$37,000 | $100,000 |
| Application Withdrawn By Applicant |
104 | $13,230,000 |
$127,000 | $536,000 |
$56,000 | $204,000 |
| File Closed For Incompleteness |
8 | $491,000 |
$61,000 | $200,000 |
$64,000 | $100,000 |
| Loan Originated |
314 | $27,042,000 |
$86,000 | $369,000 |
$68,000 | $242,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
10 | $1,560,000 |
$156,000 | $350,000 |
$67,000 | $161,000 |
| Preapproval Denied by Financial Institution |
2 | $222,000 |
$111,000 | $150,000 |
$43,000 | $50,000 |
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| Collateral |
8 | $457,000 |
$57,000 | $142,000 |
$42,000 | $83,000 |
| Credit Application Incomplete |
1 | $57,000 |
$57,000 | $57,000 |
$63,000 | $63,000 |
| Credit History |
65 | $5,680,000 |
$87,000 | $265,000 |
$37,000 | $85,000 |
| Debt-To-Income Ratio |
34 | $2,673,000 |
$78,000 | $150,000 |
$32,000 | $87,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $409,000 |
$81,000 | $102,000 |
$31,000 | $45,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $369,000 |
$73,000 | $123,000 |
$54,000 | $80,000 |
| Unverifiable Information |
3 | $597,000 |
$199,000 | $300,000 |
$48,000 | $100,000 |
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Mortgage Loan App Totals for PALMETTO CITIZENS FCU by:
Metropolitan Area And
County
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