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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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PELICAN STATE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PELICAN STATE CREDIT UNION |
| Address | 11585 LAKE SHERWOOD AVE NORTH
BATON ROUGE, LA 70816 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 388 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,806,000 |
| Average Mortgage Loan Amount Applied For | $47,627 |
| Highest Mortgage Loan Amount Applied For | $265,000 |
| Average Applicant Income | $62,767 |
| Highest Applicant Income | $1,653,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
303 | $13,560,000 |
$44,000 | $265,000 |
$54,000 | $1,653,000 |
| Refinancing |
88 | $5,281,000 |
$60,000 | $252,000 |
$51,000 | $270,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $17,000 |
$17,000 | $17,000 |
$31,000 | $31,000 |
| Black or African American |
109 | $4,658,000 |
$42,000 | $233,000 |
$53,000 | $1,653,000 |
| Hispanic |
5 | $288,000 |
$57,000 | $99,000 |
$35,000 | $43,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $60,000 |
$30,000 | $40,000 |
$18,000 | $18,000 |
| White |
274 | $13,818,000 |
$50,000 | $265,000 |
$55,000 | $640,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
391 | $18,841,000 |
$48,000 | $265,000 |
$54,000 | $1,653,000 |
| 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 |
22 | $1,710,000 |
$77,000 | $176,000 |
$47,000 | $131,000 |
| Application Denied By Financial Institution |
73 | $3,236,000 |
$44,000 | $238,000 |
$38,000 | $141,000 |
| Application Withdrawn By Applicant |
117 | $4,505,000 |
$38,000 | $260,000 |
$59,000 | $1,653,000 |
| File Closed For Incompleteness |
1 | $10,000 |
$10,000 | $10,000 |
$43,000 | $43,000 |
| Loan Originated |
178 | $9,380,000 |
$52,000 | $265,000 |
$58,000 | $270,000 |
| 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 | $43,000 |
$43,000 | $43,000 |
$46,000 | $46,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $146,000 |
$29,000 | $50,000 |
$26,000 | $33,000 |
| Debt-To-Income Ratio |
4 | $423,000 |
$105,000 | $238,000 |
$45,000 | $78,000 |
| Employment History |
1 | $65,000 |
$65,000 | $65,000 |
$46,000 | $46,000 |
| 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 PELICAN STATE CREDIT UNION by:
Metropolitan Area And
County
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