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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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PEN AIR FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PEN AIR FEDERAL CREDIT UNION |
| Address | 1495 E NINE MILE ROAD
PENSACOLA, FL 32514 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 442 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $52,844,000 |
| Average Mortgage Loan Amount Applied For | $173,461 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $124,538 |
| Highest Applicant Income | $2,981,000 |
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| Home Improvement |
181 | $6,859,000 |
$37,000 | $120,000 |
$60,000 | $498,000 |
| Home Purchase |
87 | $14,241,000 |
$163,000 | $1,440,000 |
$88,000 | $514,000 |
| Refinancing |
188 | $33,578,000 |
$178,000 | $2,000,000 |
$115,000 | $2,981,000 |
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| American Indian or Alaskan Native |
2 | $126,000 |
$63,000 | $82,000 |
$60,000 | $76,000 |
| Asian |
10 | $687,000 |
$68,000 | $113,000 |
$37,000 | $68,000 |
| Black or African American |
43 | $3,153,000 |
$73,000 | $200,000 |
$48,000 | $147,000 |
| Hispanic |
2 | $186,000 |
$93,000 | $116,000 |
$56,000 | $59,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $65,000 |
$65,000 | $65,000 |
$30,000 | $30,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
398 | $50,461,000 |
$126,000 | $2,000,000 |
$94,000 | $2,981,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
447 | $53,540,000 |
$119,000 | $2,000,000 |
$89,000 | $2,981,000 |
| 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) |
9 | $1,138,000 |
$126,000 | $212,000 |
$47,000 | $74,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
61 | $4,070,000 |
$66,000 | $200,000 |
$56,000 | $416,000 |
| Application Withdrawn By Applicant |
46 | $4,756,000 |
$103,000 | $278,000 |
$64,000 | $498,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
349 | $45,852,000 |
$131,000 | $2,000,000 |
$97,000 | $2,981,000 |
| 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 |
7 | $574,000 |
$82,000 | $149,000 |
$50,000 | $142,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
41 | $2,446,000 |
$59,000 | $200,000 |
$53,000 | $416,000 |
| Debt-To-Income Ratio |
9 | $781,000 |
$86,000 | $200,000 |
$80,000 | $348,000 |
| Employment History |
2 | $206,000 |
$103,000 | $130,000 |
$58,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $63,000 |
$31,000 | $40,000 |
$31,000 | $38,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PEN AIR FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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