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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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PROVIDENT CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROVIDENT CREDIT UNION |
| Address | 303 TWIN DOLPHIN DR.
REDWOOD CITY, CA 94065 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 794 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $171,263,000 |
| Average Mortgage Loan Amount Applied For | $183,027 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $98,500 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
5 | $357,000 |
$71,000 | $120,000 |
$34,000 | $92,000 |
| Home Purchase |
118 | $56,724,000 |
$480,000 | $1,125,000 |
$124,000 | $1,325,000 |
| Refinancing |
739 | $135,773,000 |
$183,000 | $1,500,000 |
$104,000 | $1,000,000 |
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| American Indian or Alaskan Native |
2 | $935,000 |
$467,000 | $790,000 |
$127,000 | $161,000 |
| Asian |
50 | $20,459,000 |
$409,000 | $888,000 |
$107,000 | $227,000 |
| Black or African American |
20 | $6,274,000 |
$313,000 | $1,110,000 |
$159,000 | $702,000 |
| Hispanic |
25 | $7,592,000 |
$303,000 | $950,000 |
$93,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $2,416,000 |
$219,000 | $640,000 |
$87,000 | $182,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
585 | $101,411,000 |
$173,000 | $1,165,000 |
$106,000 | $1,325,000 |
| White |
169 | $53,767,000 |
$318,000 | $1,500,000 |
$104,000 | $283,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
862 | $192,854,000 |
$223,000 | $1,500,000 |
$106,000 | $1,325,000 |
| 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 |
27 | $8,265,000 |
$306,000 | $658,000 |
$81,000 | $283,000 |
| Application Denied By Financial Institution |
45 | $9,539,000 |
$211,000 | $1,000,000 |
$101,000 | $1,000,000 |
| Application Withdrawn By Applicant |
49 | $18,864,000 |
$384,000 | $920,000 |
$125,000 | $1,325,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
741 | $156,186,000 |
$210,000 | $1,500,000 |
$106,000 | $702,000 |
| 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 |
8 | $1,462,000 |
$182,000 | $615,000 |
$87,000 | $204,000 |
| Credit Application Incomplete |
2 | $125,000 |
$62,000 | $100,000 |
$72,000 | $131,000 |
| Credit History |
6 | $1,366,000 |
$227,000 | $707,000 |
$76,000 | $100,000 |
| Debt-To-Income Ratio |
23 | $5,034,000 |
$218,000 | $632,000 |
$119,000 | $1,000,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $70,000 |
$70,000 | $70,000 |
$10,000 | $10,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $1,382,000 |
$345,000 | $1,000,000 |
$90,000 | $174,000 |
| Unverifiable Information |
1 | $100,000 |
$100,000 | $100,000 |
$123,000 | $123,000 |
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Mortgage Loan App Totals for PROVIDENT CREDIT UNION by:
Metropolitan Area And
County
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