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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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SACO VALLEY CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SACO VALLEY CREDIT UNION |
| Address | PO BOX 740
SACO, ME 04072 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 186 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,491,000 |
| Average Mortgage Loan Amount Applied For | $97,166 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $51,333 |
| Highest Applicant Income | $350,000 |
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| Home Improvement |
30 | $906,000 |
$30,000 | $121,000 |
$52,000 | $115,000 |
| Home Purchase |
59 | $9,084,000 |
$153,000 | $450,000 |
$59,000 | $350,000 |
| Refinancing |
114 | $13,812,000 |
$121,000 | $370,000 |
$54,000 | $176,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $1,000 |
$1,000 | $1,000 |
$48,000 | $48,000 |
| 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 |
202 | $23,801,000 |
$117,000 | $450,000 |
$55,000 | $350,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
199 | $23,022,000 |
$115,000 | $450,000 |
$55,000 | $350,000 |
| FHA-insured (Federal Housing Administration) |
4 | $780,000 |
$195,000 | $206,000 |
$88,000 | $129,000 |
| 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 |
9 | $1,657,000 |
$184,000 | $308,000 |
$67,000 | $115,000 |
| Application Denied By Financial Institution |
23 | $2,747,000 |
$119,000 | $417,000 |
$46,000 | $129,000 |
| Application Withdrawn By Applicant |
26 | $3,635,000 |
$139,000 | $279,000 |
$53,000 | $130,000 |
| File Closed For Incompleteness |
6 | $969,000 |
$161,000 | $250,000 |
$50,000 | $83,000 |
| Loan Originated |
137 | $14,339,000 |
$104,000 | $450,000 |
$57,000 | $350,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $255,000 |
$255,000 | $255,000 |
$46,000 | $46,000 |
| Preapproval Denied by Financial Institution |
1 | $200,000 |
$200,000 | $200,000 |
$63,000 | $63,000 |
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| Collateral |
3 | $286,000 |
$95,000 | $206,000 |
$74,000 | $129,000 |
| Credit Application Incomplete |
1 | $10,000 |
$10,000 | $10,000 |
$49,000 | $49,000 |
| Credit History |
8 | $695,000 |
$86,000 | $200,000 |
$50,000 | $75,000 |
| Debt-To-Income Ratio |
11 | $1,749,000 |
$159,000 | $417,000 |
$36,000 | $114,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SACO VALLEY CREDIT UNION by:
Metropolitan Area And
County
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