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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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SOC CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOC CREDIT UNION |
| Address | 4555 INVESTMENT DR
TROY, MI 48098 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 208 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,355,000 |
| Average Mortgage Loan Amount Applied For | $89,000 |
| Highest Mortgage Loan Amount Applied For | $437,000 |
| Average Applicant Income | $105,875 |
| Highest Applicant Income | $815,000 |
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| Home Improvement |
141 | $5,557,000 |
$39,000 | $200,000 |
$101,000 | $240,000 |
| Home Purchase |
13 | $2,923,000 |
$224,000 | $437,000 |
$115,000 | $444,000 |
| Refinancing |
54 | $8,875,000 |
$164,000 | $420,000 |
$110,000 | $815,000 |
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| American Indian or Alaskan Native |
4 | $817,000 |
$204,000 | $437,000 |
$82,000 | $120,000 |
| Asian |
1 | $106,000 |
$106,000 | $106,000 |
$38,000 | $38,000 |
| Black or African American |
7 | $648,000 |
$92,000 | $250,000 |
$109,000 | $207,000 |
| Hispanic |
1 | $307,000 |
$307,000 | $307,000 |
$231,000 | $231,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
195 | $15,477,000 |
$79,000 | $420,000 |
$109,000 | $815,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
208 | $17,355,000 |
$83,000 | $437,000 |
$108,000 | $815,000 |
| 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 |
3 | $512,000 |
$170,000 | $250,000 |
$69,000 | $93,000 |
| Application Withdrawn By Applicant |
5 | $1,210,000 |
$242,000 | $342,000 |
$169,000 | $444,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
200 | $15,633,000 |
$78,000 | $437,000 |
$104,000 | $815,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $512,000 |
$170,000 | $250,000 |
$69,000 | $93,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOC CREDIT UNION by:
Metropolitan Area And
County
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