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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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SCHOOLS FINANCIAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SCHOOLS FINANCIAL CREDIT UNION |
| Address | 1485 RESPONSE ROAD, #205
SACRAMENTO, CA 95815 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,218 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $115,332,000 |
| Average Mortgage Loan Amount Applied For | $87,968 |
| Highest Mortgage Loan Amount Applied For | $683,000 |
| Average Applicant Income | $79,562 |
| Highest Applicant Income | $721,000 |
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| Home Improvement |
873 | $44,145,000 |
$50,000 | $600,000 |
$83,000 | $721,000 |
| Home Purchase |
168 | $35,491,000 |
$211,000 | $680,000 |
$75,000 | $236,000 |
| Refinancing |
255 | $56,780,000 |
$222,000 | $683,000 |
$71,000 | $402,000 |
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| American Indian or Alaskan Native |
7 | $444,000 |
$63,000 | $200,000 |
$108,000 | $300,000 |
| Asian |
53 | $4,126,000 |
$77,000 | $625,000 |
$70,000 | $192,000 |
| Black or African American |
50 | $6,134,000 |
$122,000 | $500,000 |
$64,000 | $208,000 |
| Hispanic |
146 | $12,039,000 |
$82,000 | $417,000 |
$63,000 | $187,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,088,000 |
$217,000 | $558,000 |
$116,000 | $223,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
131 | $16,123,000 |
$123,000 | $683,000 |
$75,000 | $402,000 |
| White |
904 | $96,462,000 |
$106,000 | $680,000 |
$84,000 | $721,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,296 | $136,416,000 |
$105,000 | $683,000 |
$80,000 | $721,000 |
| 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 |
82 | $10,893,000 |
$132,000 | $600,000 |
$74,000 | $239,000 |
| Application Denied By Financial Institution |
210 | $21,942,000 |
$104,000 | $683,000 |
$61,000 | $382,000 |
| Application Withdrawn By Applicant |
13 | $3,155,000 |
$242,000 | $600,000 |
$56,000 | $144,000 |
| File Closed For Incompleteness |
7 | $484,000 |
$69,000 | $162,000 |
$35,000 | $120,000 |
| Loan Originated |
920 | $82,080,000 |
$89,000 | $637,000 |
$85,000 | $721,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
38 | $11,468,000 |
$301,000 | $680,000 |
$80,000 | $236,000 |
| Preapproval Denied by Financial Institution |
26 | $6,394,000 |
$245,000 | $484,000 |
$70,000 | $133,000 |
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| Collateral |
41 | $4,868,000 |
$118,000 | $636,000 |
$73,000 | $166,000 |
| Credit Application Incomplete |
16 | $2,143,000 |
$133,000 | $328,000 |
$60,000 | $210,000 |
| Credit History |
94 | $11,160,000 |
$118,000 | $440,000 |
$65,000 | $382,000 |
| Debt-To-Income Ratio |
69 | $7,192,000 |
$104,000 | $484,000 |
$53,000 | $144,000 |
| Employment History |
1 | $30,000 |
$30,000 | $30,000 |
$36,000 | $36,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $575,000 |
$191,000 | $244,000 |
$55,000 | $76,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $1,325,000 |
$220,000 | $460,000 |
$63,000 | $108,000 |
| Unverifiable Information |
1 | $683,000 |
$683,000 | $683,000 |
$191,000 | $191,000 |
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Mortgage Loan App Totals for SCHOOLS FINANCIAL CREDIT UNION by:
Metropolitan Area And
County
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