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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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SERVICE 1 FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SERVICE 1 FEDERAL CREDIT UNION |
| Address | 1075 E SHERMAN BLVD
MUSKEGON, MI 49444 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 81 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,054,000 |
| Average Mortgage Loan Amount Applied For | $36,750 |
| Highest Mortgage Loan Amount Applied For | $155,000 |
| Average Applicant Income | $58,000 |
| Highest Applicant Income | $168,000 |
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| Home Improvement |
24 | $587,000 |
$24,000 | $90,000 |
$62,000 | $168,000 |
| Home Purchase |
4 | $375,000 |
$93,000 | $143,000 |
$71,000 | $128,000 |
| Refinancing |
64 | $2,478,000 |
$38,000 | $155,000 |
$57,000 | $130,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $35,000 |
$35,000 | $35,000 |
$27,000 | $27,000 |
| Hispanic |
6 | $252,000 |
$42,000 | $125,000 |
$66,000 | $125,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $3,000 |
$3,000 | $3,000 |
$14,000 | $14,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
84 | $3,150,000 |
$37,000 | $155,000 |
$59,000 | $168,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
92 | $3,440,000 |
$37,000 | $155,000 |
$59,000 | $168,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
9 | $281,000 |
$31,000 | $125,000 |
$42,000 | $68,000 |
| Application Withdrawn By Applicant |
2 | $110,000 |
$55,000 | $82,000 |
$49,000 | $65,000 |
| File Closed For Incompleteness |
1 | $15,000 |
$15,000 | $15,000 |
$94,000 | $94,000 |
| Loan Originated |
80 | $3,034,000 |
$37,000 | $155,000 |
$61,000 | $168,000 |
| 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 |
2 | $35,000 |
$17,000 | $20,000 |
$48,000 | $51,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $195,000 |
$65,000 | $125,000 |
$45,000 | $68,000 |
| Debt-To-Income Ratio |
1 | $12,000 |
$12,000 | $12,000 |
$24,000 | $24,000 |
| 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 | $34,000 |
$17,000 | $19,000 |
$55,000 | $60,000 |
| Unverifiable Information |
1 | $5,000 |
$5,000 | $5,000 |
$13,000 | $13,000 |
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Mortgage Loan App Totals for SERVICE 1 FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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