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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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RED ROCKS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
RED ROCKS CREDIT UNION |
| Address | 9325 DORCHESTER ST., #200
HIGHLANDS RANCH, CO 80129 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 497 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $65,482,000 |
| Average Mortgage Loan Amount Applied For | $157,058 |
| Highest Mortgage Loan Amount Applied For | $736,000 |
| Average Applicant Income | $94,882 |
| Highest Applicant Income | $1,212,000 |
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| Home Improvement |
91 | $3,539,000 |
$38,000 | $195,000 |
$112,000 | $447,000 |
| Home Purchase |
163 | $27,735,000 |
$170,000 | $504,000 |
$85,000 | $290,000 |
| Refinancing |
243 | $34,208,000 |
$140,000 | $736,000 |
$97,000 | $1,212,000 |
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| American Indian or Alaskan Native |
2 | $374,000 |
$187,000 | $339,000 |
$100,000 | $112,000 |
| Asian |
17 | $2,535,000 |
$149,000 | $341,000 |
$93,000 | $201,000 |
| Black or African American |
4 | $348,000 |
$87,000 | $118,000 |
$108,000 | $158,000 |
| Hispanic |
16 | $2,737,000 |
$171,000 | $368,000 |
$91,000 | $161,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
72 | $10,561,000 |
$146,000 | $736,000 |
$89,000 | $240,000 |
| White |
386 | $48,927,000 |
$126,000 | $537,000 |
$97,000 | $1,212,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
496 | $65,233,000 |
$131,000 | $736,000 |
$96,000 | $1,212,000 |
| FHA-insured (Federal Housing Administration) |
1 | $249,000 |
$249,000 | $249,000 |
$36,000 | $36,000 |
| 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 |
57 | $10,442,000 |
$183,000 | $537,000 |
$97,000 | $210,000 |
| Application Denied By Financial Institution |
51 | $7,028,000 |
$137,000 | $341,000 |
$81,000 | $447,000 |
| Application Withdrawn By Applicant |
62 | $11,535,000 |
$186,000 | $736,000 |
$105,000 | $1,212,000 |
| File Closed For Incompleteness |
13 | $2,520,000 |
$193,000 | $490,000 |
$96,000 | $300,000 |
| Loan Originated |
314 | $33,957,000 |
$108,000 | $504,000 |
$96,000 | $358,000 |
| 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 | $582,000 |
$194,000 | $305,000 |
$78,000 | $136,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $2,453,000 |
$223,000 | $341,000 |
$80,000 | $116,000 |
| Debt-To-Income Ratio |
8 | $1,555,000 |
$194,000 | $335,000 |
$65,000 | $128,000 |
| Employment History |
1 | $171,000 |
$171,000 | $171,000 |
$57,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $516,000 |
$172,000 | $260,000 |
$88,000 | $109,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $200,000 |
$200,000 | $200,000 |
$55,000 | $55,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RED ROCKS CREDIT UNION by:
Metropolitan Area And
County
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