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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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QUINCY CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
QUINCY CREDIT UNION |
| Address | 100 QUINCY AVE
QUINCY, MA 02169 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 60 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,336,000 |
| Average Mortgage Loan Amount Applied For | $180,400 |
| Highest Mortgage Loan Amount Applied For | $586,000 |
| Average Applicant Income | $68,800 |
| Highest Applicant Income | $234,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
29 | $6,746,000 |
$232,000 | $400,000 |
$73,000 | $154,000 |
| Refinancing |
39 | $8,705,000 |
$223,000 | $586,000 |
$85,000 | $234,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $391,000 |
$391,000 | $391,000 |
$154,000 | $154,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
67 | $15,060,000 |
$224,000 | $586,000 |
$79,000 | $234,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
68 | $15,451,000 |
$227,000 | $586,000 |
$80,000 | $234,000 |
| 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 |
1 | $160,000 |
$160,000 | $160,000 |
$72,000 | $72,000 |
| Application Denied By Financial Institution |
8 | $1,852,000 |
$231,000 | $300,000 |
$57,000 | $102,000 |
| Application Withdrawn By Applicant |
10 | $2,234,000 |
$223,000 | $457,000 |
$67,000 | $104,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
45 | $9,980,000 |
$221,000 | $586,000 |
$89,000 | $234,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $400,000 |
$400,000 | $400,000 |
$72,000 | $72,000 |
| Preapproval Denied by Financial Institution |
3 | $825,000 |
$275,000 | $400,000 |
$60,000 | $81,000 |
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| Collateral |
2 | $507,000 |
$253,000 | $270,000 |
$56,000 | $56,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $2,170,000 |
$241,000 | $400,000 |
$58,000 | $102,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 QUINCY CREDIT UNION by:
Metropolitan Area And
County
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