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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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PARAGON FEDERAL CREDIT UNIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARAGON FEDERAL CREDIT UNIO |
| Address | 100 PARAGON DRIVE
MONTVALE, NJ 07645 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 611 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $51,699,000 |
| Average Mortgage Loan Amount Applied For | $78,238 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $109,142 |
| Highest Applicant Income | $857,000 |
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| Home Improvement |
561 | $38,166,000 |
$68,000 | $420,000 |
$117,000 | $857,000 |
| Home Purchase |
27 | $6,610,000 |
$244,000 | $648,000 |
$165,000 | $542,000 |
| Refinancing |
23 | $6,923,000 |
$301,000 | $1,600,000 |
$100,000 | $509,000 |
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| American Indian or Alaskan Native |
2 | $100,000 |
$50,000 | $50,000 |
$41,000 | $54,000 |
| Asian |
9 | $1,068,000 |
$118,000 | $648,000 |
$174,000 | $542,000 |
| Black or African American |
32 | $2,307,000 |
$72,000 | $300,000 |
$96,000 | $320,000 |
| Hispanic |
63 | $6,374,000 |
$101,000 | $540,000 |
$115,000 | $382,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $303,000 |
$75,000 | $188,000 |
$75,000 | $104,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $130,000 |
$130,000 | $130,000 |
$118,000 | $118,000 |
| White |
500 | $41,417,000 |
$82,000 | $1,600,000 |
$120,000 | $857,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
611 | $51,699,000 |
$84,000 | $1,600,000 |
$118,000 | $857,000 |
| 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 |
4 | $327,000 |
$81,000 | $197,000 |
$93,000 | $195,000 |
| Application Denied By Financial Institution |
27 | $2,789,000 |
$103,000 | $420,000 |
$83,000 | $157,000 |
| Application Withdrawn By Applicant |
52 | $3,850,000 |
$74,000 | $300,000 |
$108,000 | $292,000 |
| File Closed For Incompleteness |
34 | $3,937,000 |
$115,000 | $400,000 |
$118,000 | $440,000 |
| Loan Originated |
488 | $40,441,000 |
$82,000 | $1,600,000 |
$121,000 | $857,000 |
| Loan Purchased By The Institution |
6 | $355,000 |
$59,000 | $75,000 |
$146,000 | $196,000 |
| 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 |
17 | $1,555,000 |
$91,000 | $420,000 |
$96,000 | $157,000 |
| Credit Application Incomplete |
1 | $35,000 |
$35,000 | $35,000 |
$106,000 | $106,000 |
| Credit History |
1 | $197,000 |
$197,000 | $197,000 |
$52,000 | $52,000 |
| Debt-To-Income Ratio |
7 | $962,000 |
$137,000 | $391,000 |
$49,000 | $65,000 |
| 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 PARAGON FEDERAL CREDIT UNIO by:
Metropolitan Area And
County
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