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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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SALT LAKE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SALT LAKE CREDIT UNION |
| Address | 1380 S. MAIN STREET
SALT LAKE CITY, UT 84115 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 122 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,867,000 |
| Average Mortgage Loan Amount Applied For | $139,400 |
| Highest Mortgage Loan Amount Applied For | $392,000 |
| Average Applicant Income | $69,800 |
| Highest Applicant Income | $152,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
30 | $4,947,000 |
$164,000 | $337,000 |
$64,000 | $152,000 |
| Refinancing |
103 | $12,564,000 |
$121,000 | $392,000 |
$63,000 | $142,000 |
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| American Indian or Alaskan Native |
1 | $40,000 |
$40,000 | $40,000 |
$0 | $0 |
| Asian |
1 | $196,000 |
$196,000 | $196,000 |
$65,000 | $65,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
8 | $1,259,000 |
$157,000 | $271,000 |
$60,000 | $84,000 |
| 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 |
123 | $16,016,000 |
$130,000 | $392,000 |
$64,000 | $152,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
133 | $17,511,000 |
$131,000 | $392,000 |
$63,000 | $152,000 |
| 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 | $1,288,000 |
$143,000 | $230,000 |
$57,000 | $105,000 |
| Application Denied By Financial Institution |
18 | $2,362,000 |
$131,000 | $240,000 |
$36,000 | $76,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $50,000 |
$50,000 | $50,000 |
$26,000 | $26,000 |
| Loan Originated |
99 | $12,856,000 |
$129,000 | $392,000 |
$70,000 | $152,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
6 | $955,000 |
$159,000 | $230,000 |
$51,000 | $75,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $476,000 |
$119,000 | $176,000 |
$49,000 | $75,000 |
| Debt-To-Income Ratio |
9 | $974,000 |
$108,000 | $240,000 |
$27,000 | $64,000 |
| 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 | $350,000 |
$175,000 | $230,000 |
$73,000 | $76,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SALT LAKE CREDIT UNION by:
Metropolitan Area And
County
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