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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 FINANCIAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
POWER FINANCIAL CREDIT UNION |
| Address | 2020 N.W. 150TH AVE
PEMBROKE PINES, FL 33028 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 212 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $32,623,000 |
| Average Mortgage Loan Amount Applied For | $126,812 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $81,687 |
| Highest Applicant Income | $1,204,000 |
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| Home Improvement |
100 | $4,926,000 |
$49,000 | $248,000 |
$83,000 | $297,000 |
| Home Purchase |
75 | $19,465,000 |
$259,000 | $2,000,000 |
$97,000 | $1,204,000 |
| Refinancing |
74 | $14,983,000 |
$202,000 | $395,000 |
$79,000 | $300,000 |
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| American Indian or Alaskan Native |
1 | $30,000 |
$30,000 | $30,000 |
$88,000 | $88,000 |
| Asian |
3 | $269,000 |
$89,000 | $194,000 |
$119,000 | $200,000 |
| Black or African American |
33 | $5,471,000 |
$165,000 | $395,000 |
$75,000 | $176,000 |
| Hispanic |
73 | $10,764,000 |
$147,000 | $423,000 |
$77,000 | $165,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $800,000 |
$266,000 | $370,000 |
$70,000 | $75,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
35 | $7,643,000 |
$218,000 | $536,000 |
$88,000 | $300,000 |
| White |
101 | $14,397,000 |
$142,000 | $2,000,000 |
$94,000 | $1,204,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
249 | $39,374,000 |
$158,000 | $2,000,000 |
$86,000 | $1,204,000 |
| 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 |
12 | $628,000 |
$52,000 | $100,000 |
$79,000 | $176,000 |
| Application Denied By Financial Institution |
41 | $6,996,000 |
$170,000 | $536,000 |
$75,000 | $204,000 |
| Application Withdrawn By Applicant |
45 | $9,397,000 |
$208,000 | $423,000 |
$73,000 | $150,000 |
| File Closed For Incompleteness |
3 | $150,000 |
$50,000 | $80,000 |
$106,000 | $147,000 |
| Loan Originated |
148 | $22,203,000 |
$150,000 | $2,000,000 |
$93,000 | $1,204,000 |
| 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 |
3 | $655,000 |
$218,000 | $270,000 |
$48,000 | $65,000 |
| Credit Application Incomplete |
8 | $1,871,000 |
$233,000 | $398,000 |
$72,000 | $180,000 |
| Credit History |
11 | $2,157,000 |
$196,000 | $536,000 |
$81,000 | $204,000 |
| Debt-To-Income Ratio |
14 | $1,512,000 |
$108,000 | $300,000 |
$77,000 | $200,000 |
| Employment History |
1 | $383,000 |
$383,000 | $383,000 |
$117,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $223,000 |
$223,000 | $223,000 |
$60,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $195,000 |
$65,000 | $135,000 |
$71,000 | $100,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for POWER FINANCIAL CREDIT UNION by:
Metropolitan Area And
County
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