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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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SDFCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
SDFCU |
| Address | 1630 KING STREET
ALEXANDRIA, VA 22314 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,239 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $201,782,000 |
| Average Mortgage Loan Amount Applied For | $156,835 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $96,568 |
| Highest Applicant Income | $605,000 |
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| Home Improvement |
184 | $9,397,000 |
$51,000 | $400,000 |
$108,000 | $522,000 |
| Home Purchase |
287 | $55,680,000 |
$194,000 | $900,000 |
$99,000 | $605,000 |
| Refinancing |
774 | $137,740,000 |
$177,000 | $900,000 |
$100,000 | $510,000 |
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| American Indian or Alaskan Native |
2 | $190,000 |
$95,000 | $160,000 |
$86,000 | $128,000 |
| Asian |
18 | $3,875,000 |
$215,000 | $556,000 |
$113,000 | $202,000 |
| Black or African American |
152 | $26,810,000 |
$176,000 | $540,000 |
$81,000 | $177,000 |
| Hispanic |
7 | $1,644,000 |
$234,000 | $618,000 |
$99,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $340,000 |
$170,000 | $190,000 |
$63,000 | $114,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
926 | $140,482,000 |
$151,000 | $900,000 |
$101,000 | $605,000 |
| White |
138 | $29,476,000 |
$213,000 | $900,000 |
$124,000 | $398,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,245 | $202,817,000 |
$162,000 | $900,000 |
$101,000 | $605,000 |
| 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 |
3 | $792,000 |
$264,000 | $315,000 |
$88,000 | $113,000 |
| Application Denied By Financial Institution |
149 | $21,222,000 |
$142,000 | $900,000 |
$82,000 | $341,000 |
| Application Withdrawn By Applicant |
270 | $52,415,000 |
$194,000 | $900,000 |
$95,000 | $499,000 |
| File Closed For Incompleteness |
168 | $44,035,000 |
$262,000 | $900,000 |
$104,000 | $510,000 |
| Loan Originated |
655 | $84,353,000 |
$128,000 | $618,000 |
$107,000 | $605,000 |
| 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 |
25 | $1,804,000 |
$72,000 | $350,000 |
$85,000 | $263,000 |
| Credit Application Incomplete |
3 | $759,000 |
$253,000 | $498,000 |
$94,000 | $151,000 |
| Credit History |
46 | $9,082,000 |
$197,000 | $900,000 |
$74,000 | $155,000 |
| Debt-To-Income Ratio |
66 | $7,907,000 |
$119,000 | $640,000 |
$86,000 | $341,000 |
| Employment History |
2 | $550,000 |
$275,000 | $470,000 |
$79,000 | $131,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $334,000 |
$167,000 | $284,000 |
$72,000 | $93,000 |
| Unverifiable Information |
4 | $543,000 |
$135,000 | $441,000 |
$102,000 | $148,000 |
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Mortgage Loan App Totals for SDFCU by:
Metropolitan Area And
County
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