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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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POLISH NATIONAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
POLISH NATIONAL CREDIT UNION |
| Address | 46 MAIN ST
CHICOPEE, MA 01020 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 420 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $43,359,000 |
| Average Mortgage Loan Amount Applied For | $160,666 |
| Highest Mortgage Loan Amount Applied For | $474,000 |
| Average Applicant Income | $90,555 |
| Highest Applicant Income | $445,000 |
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| Home Improvement |
170 | $11,829,000 |
$69,000 | $465,000 |
$81,000 | $362,000 |
| Home Purchase |
83 | $14,130,000 |
$170,000 | $474,000 |
$83,000 | $380,000 |
| Refinancing |
167 | $17,400,000 |
$104,000 | $443,000 |
$76,000 | $445,000 |
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| American Indian or Alaskan Native |
1 | $15,000 |
$15,000 | $15,000 |
$61,000 | $61,000 |
| Asian |
2 | $90,000 |
$45,000 | $54,000 |
$94,000 | $105,000 |
| Black or African American |
5 | $318,000 |
$63,000 | $150,000 |
$53,000 | $75,000 |
| Hispanic |
10 | $880,000 |
$88,000 | $230,000 |
$62,000 | $131,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
14 | $1,480,000 |
$105,000 | $310,000 |
$74,000 | $128,000 |
| White |
388 | $40,576,000 |
$104,000 | $474,000 |
$80,000 | $445,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
420 | $43,359,000 |
$103,000 | $474,000 |
$79,000 | $445,000 |
| 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 |
3 | $540,000 |
$180,000 | $275,000 |
$84,000 | $88,000 |
| Application Denied By Financial Institution |
33 | $3,801,000 |
$115,000 | $465,000 |
$50,000 | $120,000 |
| Application Withdrawn By Applicant |
42 | $3,841,000 |
$91,000 | $450,000 |
$80,000 | $445,000 |
| File Closed For Incompleteness |
27 | $2,840,000 |
$105,000 | $253,000 |
$71,000 | $142,000 |
| Loan Originated |
315 | $32,337,000 |
$102,000 | $474,000 |
$83,000 | $362,000 |
| 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 |
2 | $72,000 |
$36,000 | $50,000 |
$55,000 | $56,000 |
| Credit Application Incomplete |
2 | $309,000 |
$154,000 | $192,000 |
$81,000 | $120,000 |
| Credit History |
6 | $518,000 |
$86,000 | $127,000 |
$51,000 | $75,000 |
| Debt-To-Income Ratio |
19 | $2,437,000 |
$128,000 | $465,000 |
$45,000 | $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 |
2 | $335,000 |
$167,000 | $180,000 |
$62,000 | $71,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for POLISH NATIONAL CREDIT UNION by:
Metropolitan Area And
County
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