|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
SOFCU COMMUNITY CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
SOFCU COMMUNITY CREDIT UNION |
| Address | PO BOX 1358/1551 HARBECK ROAD
GRANTS PASS, OR 97528 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 131 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,386,000 |
| Average Mortgage Loan Amount Applied For | $103,000 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $34,625 |
| Highest Applicant Income | $391,000 |
|
|
|
| Home Improvement |
12 | $309,000 |
$25,000 | $111,000 |
$41,000 | $102,000 |
| Home Purchase |
31 | $4,234,000 |
$136,000 | $500,000 |
$51,000 | $391,000 |
| Refinancing |
94 | $10,877,000 |
$115,000 | $400,000 |
$38,000 | $92,000 |
|
|
| American Indian or Alaskan Native |
2 | $264,000 |
$132,000 | $154,000 |
$72,000 | $90,000 |
| Asian |
2 | $77,000 |
$38,000 | $62,000 |
$39,000 | $50,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
5 | $484,000 |
$96,000 | $200,000 |
$53,000 | $61,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $1,083,000 |
$135,000 | $330,000 |
$46,000 | $78,000 |
| White |
120 | $13,512,000 |
$112,000 | $500,000 |
$40,000 | $391,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
134 | $15,397,000 |
$114,000 | $500,000 |
$41,000 | $391,000 |
| FHA-insured (Federal Housing Administration) |
3 | $23,000 |
$7,000 | $8,000 |
$50,000 | $62,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
7 | $853,000 |
$121,000 | $199,000 |
$42,000 | $60,000 |
| Application Denied By Financial Institution |
8 | $1,433,000 |
$179,000 | $330,000 |
$34,000 | $69,000 |
| Application Withdrawn By Applicant |
1 | $112,000 |
$112,000 | $112,000 |
$48,000 | $48,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
121 | $13,022,000 |
$107,000 | $500,000 |
$42,000 | $391,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
2 | $375,000 |
$187,000 | $250,000 |
$45,000 | $69,000 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $284,000 |
$94,000 | $143,000 |
$16,000 | $22,000 |
| Employment History |
1 | $144,000 |
$144,000 | $144,000 |
$63,000 | $63,000 |
| 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 | $300,000 |
$300,000 | $300,000 |
$24,000 | $24,000 |
|
Mortgage Loan App Totals for SOFCU COMMUNITY CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
