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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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POWER FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
POWER FEDERAL CREDIT UNION |
| Address | 625 ERIE BOULEVARD WEST
SYRACUSE, NY 13204 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 233 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,486,000 |
| Average Mortgage Loan Amount Applied For | $41,166 |
| Highest Mortgage Loan Amount Applied For | $304,000 |
| Average Applicant Income | $72,944 |
| Highest Applicant Income | $262,000 |
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| Home Improvement |
143 | $5,275,000 |
$36,000 | $171,000 |
$77,000 | $262,000 |
| Home Purchase |
35 | $3,713,000 |
$106,000 | $304,000 |
$76,000 | $170,000 |
| Refinancing |
55 | $5,498,000 |
$99,000 | $230,000 |
$78,000 | $230,000 |
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| American Indian or Alaskan Native |
2 | $15,000 |
$7,000 | $10,000 |
$82,000 | $144,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
6 | $374,000 |
$62,000 | $112,000 |
$46,000 | $57,000 |
| Hispanic |
1 | $44,000 |
$44,000 | $44,000 |
$67,000 | $67,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
62 | $2,532,000 |
$40,000 | $171,000 |
$79,000 | $262,000 |
| White |
162 | $11,521,000 |
$71,000 | $304,000 |
$77,000 | $230,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
233 | $14,486,000 |
$62,000 | $304,000 |
$77,000 | $262,000 |
| 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 |
4 | $256,000 |
$64,000 | $140,000 |
$83,000 | $106,000 |
| Application Denied By Financial Institution |
5 | $542,000 |
$108,000 | $207,000 |
$54,000 | $92,000 |
| Application Withdrawn By Applicant |
32 | $2,650,000 |
$82,000 | $230,000 |
$64,000 | $205,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
192 | $11,038,000 |
$57,000 | $304,000 |
$79,000 | $262,000 |
| 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 |
3 | $417,000 |
$139,000 | $207,000 |
$54,000 | $92,000 |
| 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 POWER FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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