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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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SECURITY SERVICE FEDERAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY SERVICE FEDERAL CU |
| Address | 16211 LA CANTERA PARKWAY
SAN ANTONIO, TX 78245 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,844 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $138,622,000 |
| Average Mortgage Loan Amount Applied For | $81,256 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $82,038 |
| Highest Applicant Income | $1,065,000 |
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| Home Improvement |
711 | $19,448,000 |
$27,000 | $200,000 |
$69,000 | $500,000 |
| Home Purchase |
714 | $93,422,000 |
$130,000 | $1,500,000 |
$78,000 | $1,065,000 |
| Refinancing |
458 | $30,994,000 |
$67,000 | $402,000 |
$64,000 | $766,000 |
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| American Indian or Alaskan Native |
6 | $369,000 |
$61,000 | $104,000 |
$65,000 | $133,000 |
| Asian |
27 | $1,965,000 |
$72,000 | $197,000 |
$58,000 | $134,000 |
| Black or African American |
54 | $4,015,000 |
$74,000 | $279,000 |
$66,000 | $258,000 |
| Hispanic |
622 | $45,526,000 |
$73,000 | $1,050,000 |
$61,000 | $1,065,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $139,000 |
$46,000 | $94,000 |
$33,000 | $56,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
542 | $21,819,000 |
$40,000 | $400,000 |
$72,000 | $700,000 |
| White |
629 | $70,031,000 |
$111,000 | $1,500,000 |
$82,000 | $719,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,867 | $141,618,000 |
$75,000 | $1,500,000 |
$71,000 | $1,065,000 |
| FHA-insured (Federal Housing Administration) |
4 | $330,000 |
$82,000 | $128,000 |
$43,000 | $58,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
12 | $1,916,000 |
$159,000 | $287,000 |
$65,000 | $122,000 |
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| Application Approved But Not Accepted |
353 | $22,544,000 |
$63,000 | $1,500,000 |
$73,000 | $766,000 |
| Application Denied By Financial Institution |
380 | $15,708,000 |
$41,000 | $630,000 |
$55,000 | $482,000 |
| Application Withdrawn By Applicant |
81 | $10,254,000 |
$126,000 | $520,000 |
$52,000 | $233,000 |
| File Closed For Incompleteness |
8 | $1,110,000 |
$138,000 | $393,000 |
$79,000 | $118,000 |
| Loan Originated |
1,032 | $90,536,000 |
$87,000 | $1,050,000 |
$78,000 | $1,065,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
20 | $3,057,000 |
$152,000 | $350,000 |
$94,000 | $209,000 |
| Preapproval Denied by Financial Institution |
9 | $655,000 |
$72,000 | $214,000 |
$43,000 | $81,000 |
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| Collateral |
3 | $171,000 |
$57,000 | $95,000 |
$58,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $1,769,000 |
$98,000 | $246,000 |
$56,000 | $134,000 |
| Debt-To-Income Ratio |
11 | $1,812,000 |
$164,000 | $630,000 |
$55,000 | $155,000 |
| Employment History |
1 | $458,000 |
$458,000 | $458,000 |
$248,000 | $248,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $392,000 |
$65,000 | $135,000 |
$80,000 | $216,000 |
| Unverifiable Information |
1 | $244,000 |
$244,000 | $244,000 |
$165,000 | $165,000 |
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Mortgage Loan App Totals for SECURITY SERVICE FEDERAL CU by:
Metropolitan Area And
County
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