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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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SC FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SC FEDERAL CREDIT UNION |
| Address | 2175 CREDIT UNION LANE
NORTH CHARLESTON, SC 29406 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 712 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $89,437,000 |
| Average Mortgage Loan Amount Applied For | $113,888 |
| Highest Mortgage Loan Amount Applied For | $788,000 |
| Average Applicant Income | $70,444 |
| Highest Applicant Income | $528,000 |
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| Home Improvement |
103 | $3,526,000 |
$34,000 | $85,000 |
$43,000 | $210,000 |
| Home Purchase |
215 | $41,280,000 |
$192,000 | $788,000 |
$77,000 | $528,000 |
| Refinancing |
394 | $44,631,000 |
$113,000 | $750,000 |
$63,000 | $338,000 |
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| American Indian or Alaskan Native |
5 | $591,000 |
$118,000 | $317,000 |
$40,000 | $68,000 |
| Asian |
12 | $1,881,000 |
$156,000 | $250,000 |
$64,000 | $104,000 |
| Black or African American |
56 | $7,834,000 |
$139,000 | $417,000 |
$65,000 | $234,000 |
| Hispanic |
8 | $1,169,000 |
$146,000 | $244,000 |
$68,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $664,000 |
$332,000 | $482,000 |
$70,000 | $94,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
278 | $20,058,000 |
$72,000 | $425,000 |
$51,000 | $195,000 |
| White |
351 | $57,240,000 |
$163,000 | $788,000 |
$75,000 | $528,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
712 | $89,437,000 |
$125,000 | $788,000 |
$65,000 | $528,000 |
| 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 |
8 | $954,000 |
$119,000 | $425,000 |
$47,000 | $76,000 |
| Application Denied By Financial Institution |
3 | $497,000 |
$165,000 | $212,000 |
$71,000 | $90,000 |
| Application Withdrawn By Applicant |
31 | $5,517,000 |
$177,000 | $788,000 |
$92,000 | $528,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
670 | $82,469,000 |
$123,000 | $750,000 |
$63,000 | $338,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
2 | $330,000 |
$165,000 | $212,000 |
$85,000 | $90,000 |
| 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 SC FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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