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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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PHILADELPHIA FEDERAL CREDIT UN
Mortgage Loans and Application Details
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| Mortgage Company Name |
PHILADELPHIA FEDERAL CREDIT UN |
| Address | 12800 TOWNSEND RD
PHILADELPHIA, PA 19154 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,113 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $121,079,000 |
| Average Mortgage Loan Amount Applied For | $82,207 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $81,660 |
| Highest Applicant Income | $960,000 |
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| Home Improvement |
1,351 | $52,781,000 |
$39,000 | $500,000 |
$59,000 | $895,000 |
| Home Purchase |
165 | $21,382,000 |
$129,000 | $500,000 |
$70,000 | $230,000 |
| Refinancing |
613 | $49,048,000 |
$80,000 | $500,000 |
$59,000 | $960,000 |
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| American Indian or Alaskan Native |
2 | $200,000 |
$100,000 | $130,000 |
$35,000 | $41,000 |
| Asian |
19 | $1,684,000 |
$88,000 | $424,000 |
$77,000 | $215,000 |
| Black or African American |
409 | $23,058,000 |
$56,000 | $500,000 |
$50,000 | $606,000 |
| Hispanic |
30 | $2,424,000 |
$80,000 | $225,000 |
$59,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $107,000 |
$53,000 | $61,000 |
$74,000 | $89,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,129 | $56,925,000 |
$50,000 | $410,000 |
$58,000 | $960,000 |
| White |
538 | $38,813,000 |
$72,000 | $500,000 |
$71,000 | $273,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,129 | $123,211,000 |
$57,000 | $500,000 |
$60,000 | $960,000 |
| 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 |
64 | $3,527,000 |
$55,000 | $304,000 |
$63,000 | $230,000 |
| Application Denied By Financial Institution |
574 | $35,621,000 |
$62,000 | $500,000 |
$51,000 | $960,000 |
| Application Withdrawn By Applicant |
234 | $21,479,000 |
$91,000 | $500,000 |
$64,000 | $269,000 |
| File Closed For Incompleteness |
3 | $403,000 |
$134,000 | $174,000 |
$82,000 | $148,000 |
| Loan Originated |
1,254 | $62,181,000 |
$49,000 | $500,000 |
$62,000 | $606,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 PHILADELPHIA FEDERAL CREDIT UN by:
Metropolitan Area And
County
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