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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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PINNACLE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PINNACLE FEDERAL CREDIT UNION |
| Address | 135 RARITAN CENTER PARKWAY
EDISON, NJ 08837 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 546 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $43,259,000 |
| Average Mortgage Loan Amount Applied For | $76,243 |
| Highest Mortgage Loan Amount Applied For | $375,000 |
| Average Applicant Income | $88,292 |
| Highest Applicant Income | $400,000 |
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| Home Improvement |
506 | $35,229,000 |
$69,000 | $250,000 |
$84,000 | $400,000 |
| Home Purchase |
11 | $2,275,000 |
$206,000 | $330,000 |
$76,000 | $117,000 |
| Refinancing |
29 | $5,755,000 |
$198,000 | $375,000 |
$79,000 | $155,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
12 | $1,109,000 |
$92,000 | $250,000 |
$107,000 | $204,000 |
| Black or African American |
55 | $4,007,000 |
$72,000 | $369,000 |
$78,000 | $282,000 |
| Hispanic |
65 | $5,399,000 |
$83,000 | $330,000 |
$81,000 | $195,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
30 | $3,465,000 |
$115,000 | $368,000 |
$66,000 | $115,000 |
| White |
384 | $29,279,000 |
$76,000 | $375,000 |
$86,000 | $400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
546 | $43,259,000 |
$79,000 | $375,000 |
$84,000 | $400,000 |
| 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 |
5 | $953,000 |
$190,000 | $367,000 |
$75,000 | $97,000 |
| Application Denied By Financial Institution |
85 | $6,431,000 |
$75,000 | $375,000 |
$68,000 | $158,000 |
| Application Withdrawn By Applicant |
57 | $4,160,000 |
$72,000 | $250,000 |
$83,000 | $217,000 |
| File Closed For Incompleteness |
38 | $2,698,000 |
$71,000 | $200,000 |
$74,000 | $204,000 |
| Loan Originated |
361 | $29,017,000 |
$80,000 | $340,000 |
$89,000 | $400,000 |
| 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 | $900,000 |
$128,000 | $369,000 |
$69,000 | $150,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $65,000 |
$32,000 | $45,000 |
$101,000 | $158,000 |
| Debt-To-Income Ratio |
13 | $1,560,000 |
$120,000 | $368,000 |
$63,000 | $98,000 |
| 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 |
5 | $505,000 |
$101,000 | $375,000 |
$90,000 | $133,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PINNACLE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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