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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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POSTAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
POSTAL CREDIT UNION |
| Address | 2401 N. MCKNIGHT RD
NORTH ST. PAUL, MN 55109 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 436 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $71,845,000 |
| Average Mortgage Loan Amount Applied For | $140,200 |
| Highest Mortgage Loan Amount Applied For | $556,000 |
| Average Applicant Income | $76,600 |
| Highest Applicant Income | $591,000 |
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| Home Improvement |
10 | $192,000 |
$19,000 | $55,000 |
$52,000 | $69,000 |
| Home Purchase |
205 | $34,841,000 |
$169,000 | $556,000 |
$71,000 | $591,000 |
| Refinancing |
221 | $36,812,000 |
$166,000 | $440,000 |
$68,000 | $425,000 |
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| American Indian or Alaskan Native |
2 | $126,000 |
$63,000 | $88,000 |
$38,000 | $47,000 |
| Asian |
16 | $2,703,000 |
$168,000 | $270,000 |
$56,000 | $95,000 |
| Black or African American |
18 | $2,956,000 |
$164,000 | $371,000 |
$66,000 | $135,000 |
| Hispanic |
13 | $1,718,000 |
$132,000 | $400,000 |
$92,000 | $252,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $40,000 |
$40,000 | $40,000 |
$62,000 | $62,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
71 | $13,753,000 |
$193,000 | $556,000 |
$74,000 | $591,000 |
| White |
315 | $50,549,000 |
$160,000 | $440,000 |
$68,000 | $425,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
436 | $71,845,000 |
$164,000 | $556,000 |
$69,000 | $591,000 |
| 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 |
17 | $3,545,000 |
$208,000 | $381,000 |
$66,000 | $166,000 |
| Application Denied By Financial Institution |
6 | $1,098,000 |
$183,000 | $315,000 |
$56,000 | $114,000 |
| Application Withdrawn By Applicant |
26 | $4,340,000 |
$166,000 | $320,000 |
$67,000 | $216,000 |
| File Closed For Incompleteness |
1 | $160,000 |
$160,000 | $160,000 |
$32,000 | $32,000 |
| Loan Originated |
322 | $50,879,000 |
$158,000 | $556,000 |
$71,000 | $591,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
58 | $10,639,000 |
$183,000 | $350,000 |
$64,000 | $144,000 |
| Preapproval Denied by Financial Institution |
6 | $1,184,000 |
$197,000 | $242,000 |
$56,000 | $135,000 |
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| Collateral |
2 | $290,000 |
$145,000 | $170,000 |
$55,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $880,000 |
$220,000 | $315,000 |
$62,000 | $114,000 |
| Debt-To-Income Ratio |
5 | $937,000 |
$187,000 | $242,000 |
$56,000 | $135,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for POSTAL CREDIT UNION by:
Metropolitan Area And
County
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