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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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PENTAGON FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PENTAGON FEDERAL CREDIT UNION |
| Address | 2390 EISENHOWER AVENUE
ALEXANDRIA, VA 22314 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 17,474 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,597,334,000 |
| Average Mortgage Loan Amount Applied For | $111,608 |
| Highest Mortgage Loan Amount Applied For | $1,830,000 |
| Average Applicant Income | $96,973 |
| Highest Applicant Income | $1,776,000 |
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| Home Improvement |
5,293 | $319,791,000 |
$60,000 | $560,000 |
$118,000 | $1,505,000 |
| Home Purchase |
4,351 | $978,957,000 |
$224,000 | $1,293,000 |
$107,000 | $1,600,000 |
| Refinancing |
8,185 | $1,374,184,000 |
$167,000 | $1,830,000 |
$112,000 | $1,776,000 |
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| American Indian or Alaskan Native |
147 | $18,860,000 |
$128,000 | $630,000 |
$94,000 | $258,000 |
| Asian |
1,349 | $304,243,000 |
$225,000 | $1,830,000 |
$115,000 | $887,000 |
| Black or African American |
2,055 | $300,412,000 |
$146,000 | $1,350,000 |
$104,000 | $1,505,000 |
| Hispanic |
1,086 | $157,682,000 |
$145,000 | $928,000 |
$98,000 | $1,483,000 |
| Native Hawaiin or Other Pacific Islander |
154 | $23,220,000 |
$150,000 | $758,000 |
$104,000 | $350,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4,806 | $637,251,000 |
$132,000 | $1,033,000 |
$113,000 | $1,776,000 |
| White |
8,232 | $1,231,264,000 |
$149,000 | $1,378,000 |
$116,000 | $1,600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
17,557 | $2,615,992,000 |
$148,000 | $1,830,000 |
$113,000 | $1,776,000 |
| 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) |
272 | $56,940,000 |
$209,000 | $545,000 |
$76,000 | $210,000 |
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| Application Approved But Not Accepted |
275 | $25,581,000 |
$93,000 | $760,000 |
$110,000 | $323,000 |
| Application Denied By Financial Institution |
2,217 | $286,880,000 |
$129,000 | $1,350,000 |
$88,000 | $1,776,000 |
| Application Withdrawn By Applicant |
2,527 | $495,723,000 |
$196,000 | $1,830,000 |
$114,000 | $1,319,000 |
| File Closed For Incompleteness |
312 | $25,675,000 |
$82,000 | $400,000 |
$123,000 | $673,000 |
| Loan Originated |
12,164 | $1,766,791,000 |
$145,000 | $1,378,000 |
$117,000 | $1,600,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $407,000 |
$407,000 | $407,000 |
$118,000 | $118,000 |
| Preapproval Denied by Financial Institution |
333 | $71,875,000 |
$215,000 | $960,000 |
$71,000 | $348,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
39 | $6,579,000 |
$168,000 | $406,000 |
$76,000 | $152,000 |
| Debt-To-Income Ratio |
21 | $5,231,000 |
$249,000 | $443,000 |
$64,000 | $162,000 |
| Employment History |
3 | $451,000 |
$150,000 | $350,000 |
$106,000 | $146,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $240,000 |
$120,000 | $136,000 |
$77,000 | $104,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $617,000 |
$617,000 | $617,000 |
$139,000 | $139,000 |
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Mortgage Loan App Totals for PENTAGON FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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