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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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SHARON CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SHARON CREDIT UNION |
| Address | 42 POND STREET
SHARON, MA 02067 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 320 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,486,000 |
| Average Mortgage Loan Amount Applied For | $110,142 |
| Highest Mortgage Loan Amount Applied For | $780,000 |
| Average Applicant Income | $95,857 |
| Highest Applicant Income | $275,000 |
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| Home Improvement |
172 | $8,629,000 |
$50,000 | $394,000 |
$97,000 | $275,000 |
| Home Purchase |
31 | $7,023,000 |
$226,000 | $600,000 |
$98,000 | $203,000 |
| Refinancing |
122 | $12,500,000 |
$102,000 | $780,000 |
$89,000 | $224,000 |
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| American Indian or Alaskan Native |
1 | $10,000 |
$10,000 | $10,000 |
$45,000 | $45,000 |
| Asian |
9 | $779,000 |
$86,000 | $280,000 |
$74,000 | $107,000 |
| Black or African American |
4 | $655,000 |
$163,000 | $290,000 |
$69,000 | $75,000 |
| Hispanic |
7 | $738,000 |
$105,000 | $278,000 |
$96,000 | $207,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $40,000 |
$40,000 | $40,000 |
$55,000 | $55,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
37 | $1,858,000 |
$50,000 | $160,000 |
$104,000 | $224,000 |
| White |
266 | $24,072,000 |
$90,000 | $780,000 |
$94,000 | $275,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
325 | $28,152,000 |
$86,000 | $780,000 |
$94,000 | $275,000 |
| 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 | $1,256,000 |
$157,000 | $780,000 |
$102,000 | $197,000 |
| Application Denied By Financial Institution |
19 | $2,978,000 |
$156,000 | $385,000 |
$61,000 | $144,000 |
| Application Withdrawn By Applicant |
16 | $1,490,000 |
$93,000 | $270,000 |
$93,000 | $249,000 |
| File Closed For Incompleteness |
2 | $200,000 |
$100,000 | $160,000 |
$134,000 | $202,000 |
| Loan Originated |
275 | $20,562,000 |
$74,000 | $410,000 |
$96,000 | $275,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $450,000 |
$225,000 | $360,000 |
$66,000 | $96,000 |
| Preapproval Denied by Financial Institution |
3 | $1,216,000 |
$405,000 | $600,000 |
$78,000 | $87,000 |
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| Collateral |
3 | $142,000 |
$47,000 | $75,000 |
$78,000 | $144,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $153,000 |
$38,000 | $53,000 |
$68,000 | $88,000 |
| Debt-To-Income Ratio |
13 | $3,549,000 |
$273,000 | $600,000 |
$60,000 | $102,000 |
| Employment History |
1 | $300,000 |
$300,000 | $300,000 |
$67,000 | $67,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$27,000 | $27,000 |
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Mortgage Loan App Totals for SHARON CREDIT UNION by:
Metropolitan Area And
County
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