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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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RHODE ISLAND CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
RHODE ISLAND CREDIT UNION |
| Address | 160 FRANCIS ST
PROVIDENCE, RI 02903 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 509 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,973,000 |
| Average Mortgage Loan Amount Applied For | $46,571 |
| Highest Mortgage Loan Amount Applied For | $355,000 |
| Average Applicant Income | $83,857 |
| Highest Applicant Income | $490,000 |
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| Home Improvement |
82 | $430,000 |
$5,000 | $25,000 |
$42,000 | $96,000 |
| Home Purchase |
10 | $1,511,000 |
$151,000 | $355,000 |
$86,000 | $201,000 |
| Refinancing |
417 | $24,032,000 |
$57,000 | $350,000 |
$89,000 | $490,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $402,000 |
$50,000 | $100,000 |
$105,000 | $278,000 |
| Black or African American |
18 | $816,000 |
$45,000 | $355,000 |
$57,000 | $143,000 |
| Hispanic |
8 | $265,000 |
$33,000 | $75,000 |
$59,000 | $90,000 |
| 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 |
475 | $24,490,000 |
$51,000 | $350,000 |
$83,000 | $490,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
509 | $25,973,000 |
$51,000 | $355,000 |
$82,000 | $490,000 |
| 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 |
9 | $341,000 |
$37,000 | $75,000 |
$71,000 | $200,000 |
| Application Denied By Financial Institution |
43 | $2,696,000 |
$62,000 | $355,000 |
$76,000 | $231,000 |
| Application Withdrawn By Applicant |
32 | $2,615,000 |
$81,000 | $250,000 |
$82,000 | $385,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
425 | $20,321,000 |
$47,000 | $350,000 |
$82,000 | $490,000 |
| 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 |
9 | $547,000 |
$60,000 | $200,000 |
$101,000 | $231,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $1,351,000 |
$79,000 | $355,000 |
$73,000 | $202,000 |
| Debt-To-Income Ratio |
15 | $757,000 |
$50,000 | $156,000 |
$69,000 | $169,000 |
| 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 |
2 | $41,000 |
$20,000 | $35,000 |
$47,000 | $58,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RHODE ISLAND CREDIT UNION by:
Metropolitan Area And
County
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