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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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SOUND CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUND CREDIT UNION |
| Address | 1331 BROADWAY PLAZA
TACOMA, WA 98402 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 266 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,342,000 |
| Average Mortgage Loan Amount Applied For | $137,250 |
| Highest Mortgage Loan Amount Applied For | $784,000 |
| Average Applicant Income | $68,583 |
| Highest Applicant Income | $722,000 |
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| Home Improvement |
60 | $3,742,000 |
$62,000 | $325,000 |
$77,000 | $168,000 |
| Home Purchase |
55 | $12,090,000 |
$219,000 | $784,000 |
$90,000 | $722,000 |
| Refinancing |
151 | $18,510,000 |
$122,000 | $544,000 |
$75,000 | $454,000 |
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| American Indian or Alaskan Native |
9 | $1,187,000 |
$131,000 | $333,000 |
$62,000 | $112,000 |
| Asian |
6 | $576,000 |
$96,000 | $255,000 |
$85,000 | $126,000 |
| Black or African American |
7 | $860,000 |
$122,000 | $290,000 |
$53,000 | $90,000 |
| Hispanic |
8 | $866,000 |
$108,000 | $302,000 |
$60,000 | $90,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $655,000 |
$327,000 | $600,000 |
$137,000 | $160,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $3,023,000 |
$151,000 | $300,000 |
$74,000 | $183,000 |
| White |
214 | $27,175,000 |
$126,000 | $784,000 |
$81,000 | $722,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
265 | $34,009,000 |
$128,000 | $784,000 |
$78,000 | $722,000 |
| 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) |
1 | $333,000 |
$333,000 | $333,000 |
$112,000 | $112,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
18 | $2,044,000 |
$113,000 | $300,000 |
$51,000 | $108,000 |
| Application Withdrawn By Applicant |
13 | $1,833,000 |
$141,000 | $325,000 |
$67,000 | $139,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
235 | $30,465,000 |
$129,000 | $784,000 |
$81,000 | $722,000 |
| 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 |
1 | $137,000 |
$137,000 | $137,000 |
$54,000 | $54,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $500,000 |
$62,000 | $180,000 |
$51,000 | $97,000 |
| Debt-To-Income Ratio |
1 | $167,000 |
$167,000 | $167,000 |
$39,000 | $39,000 |
| 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 |
1 | $110,000 |
$110,000 | $110,000 |
$28,000 | $28,000 |
| Unverifiable Information |
1 | $120,000 |
$120,000 | $120,000 |
$41,000 | $41,000 |
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Mortgage Loan App Totals for SOUND CREDIT UNION by:
Metropolitan Area And
County
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