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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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PURDUE EMPLOYEES FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
PURDUE EMPLOYEES FCU |
| Address | P O BOX 2433
WEST LAFAYETTE, IN 47996 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2006 |
| Total Number of Mortgage Loan Applications Processed | 890 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $97,398,000 |
| Average Mortgage Loan Amount Applied For | $176,934 |
| Highest Mortgage Loan Amount Applied For | $1,382,000 |
| Average Applicant Income | $98,592 |
| Highest Applicant Income | $700,000 |
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| Home Improvement |
77 | $1,554,000 |
$20,000 | $147,000 |
$85,000 | $576,000 |
| Home Purchase |
594 | $89,177,000 |
$150,000 | $1,382,000 |
$80,000 | $700,000 |
| Refinancing |
364 | $26,703,000 |
$73,000 | $748,000 |
$80,000 | $700,000 |
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| American Indian or Alaskan Native |
1 | $44,000 |
$44,000 | $44,000 |
$42,000 | $42,000 |
| Asian |
43 | $7,455,000 |
$173,000 | $748,000 |
$87,000 | $246,000 |
| Black or African American |
23 | $2,663,000 |
$115,000 | $321,000 |
$77,000 | $155,000 |
| Hispanic |
17 | $1,425,000 |
$83,000 | $320,000 |
$62,000 | $130,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $160,000 |
$160,000 | $160,000 |
$38,000 | $38,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
10 | $1,237,000 |
$123,000 | $170,000 |
$50,000 | $84,000 |
| White |
940 | $104,450,000 |
$111,000 | $1,382,000 |
$81,000 | $700,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,018 | $115,600,000 |
$113,000 | $1,382,000 |
$80,000 | $700,000 |
| FHA-insured (Federal Housing Administration) |
7 | $760,000 |
$108,000 | $135,000 |
$82,000 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,074,000 |
$107,000 | $219,000 |
$61,000 | $100,000 |
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| Application Approved But Not Accepted |
2 | $55,000 |
$27,000 | $45,000 |
$49,000 | $50,000 |
| Application Denied By Financial Institution |
120 | $10,523,000 |
$87,000 | $417,000 |
$60,000 | $150,000 |
| Application Withdrawn By Applicant |
150 | $19,282,000 |
$128,000 | $496,000 |
$69,000 | $254,000 |
| File Closed For Incompleteness |
3 | $48,000 |
$16,000 | $20,000 |
$57,000 | $65,000 |
| Loan Originated |
760 | $87,526,000 |
$115,000 | $1,382,000 |
$86,000 | $700,000 |
| 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 |
26 | $1,511,000 |
$58,000 | $287,000 |
$65,000 | $126,000 |
| Credit Application Incomplete |
38 | $5,734,000 |
$150,000 | $417,000 |
$63,000 | $150,000 |
| Credit History |
25 | $1,347,000 |
$53,000 | $214,000 |
$60,000 | $150,000 |
| Debt-To-Income Ratio |
25 | $1,575,000 |
$63,000 | $251,000 |
$54,000 | $115,000 |
| Employment History |
2 | $214,000 |
$107,000 | $128,000 |
$38,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $40,000 |
$40,000 | $40,000 |
$49,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $91,000 |
$45,000 | $85,000 |
$26,000 | $28,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PURDUE EMPLOYEES FCU by:
Metropolitan Area And
County
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