|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
RED ROCKS FEDERAL CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
RED ROCKS FEDERAL CREDIT UNION |
| Address | 9325 DORCHESTER STREET # 200
HIGHLANDS RANCH, CO 80129 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 433 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $51,391,000 |
| Average Mortgage Loan Amount Applied For | $105,733 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $97,400 |
| Highest Applicant Income | $449,000 |
|
|
|
| Home Improvement |
113 | $4,927,000 |
$43,000 | $360,000 |
$101,000 | $449,000 |
| Home Purchase |
99 | $16,811,000 |
$112,000 | $450,000 |
$115,666 | $247,000 |
| Refinancing |
225 | $30,156,000 |
$183,500 | $400,000 |
$91,000 | $258,000 |
|
|
| American Indian or Alaskan Native |
2 | $81,000 |
$40,000 | $65,000 |
$71,000 | $95,000 |
| Asian |
5 | $508,000 |
$101,000 | $220,000 |
$130,000 | $160,000 |
| Black or African American |
4 | $191,000 |
$47,000 | $83,000 |
$78,000 | $98,000 |
| Hispanic |
24 | $2,505,000 |
$104,000 | $280,000 |
$89,000 | $155,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $208,000 |
$208,000 | $208,000 |
$75,000 | $75,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $3,004,000 |
$150,000 | $272,000 |
$91,000 | $168,000 |
| White |
381 | $45,397,000 |
$129,250 | $450,000 |
$111,750 | $449,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
437 | $51,894,000 |
$129,000 | $450,000 |
$112,000 | $449,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
25 | $3,747,000 |
$190,000 | $400,000 |
$81,000 | $128,000 |
| Application Denied By Financial Institution |
17 | $1,874,000 |
$110,000 | $224,000 |
$89,000 | $136,000 |
| Application Withdrawn By Applicant |
16 | $2,989,000 |
$186,000 | $364,000 |
$84,000 | $168,000 |
| File Closed For Incompleteness |
31 | $5,894,000 |
$190,000 | $450,000 |
$78,000 | $179,000 |
| Loan Originated |
348 | $37,390,000 |
$90,333 | $420,000 |
$121,333 | $449,000 |
| 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 |
|
|
| Collateral |
1 | $65,000 |
$65,000 | $65,000 |
$95,000 | $95,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $1,112,000 |
$101,000 | $224,000 |
$87,000 | $136,000 |
| Debt-To-Income Ratio |
4 | $538,000 |
$134,000 | $223,000 |
$60,000 | $91,000 |
| 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 |
1 | $159,000 |
$159,000 | $159,000 |
$124,000 | $124,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for RED ROCKS FEDERAL CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
