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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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SOUTHBRIDGE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHBRIDGE CREDIT UNION |
| Address | 155 MAIN ST
SOUTHBRIDGE, MA 01550 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 183 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,732,000 |
| Average Mortgage Loan Amount Applied For | $98,400 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $64,800 |
| Highest Applicant Income | $325,000 |
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| Home Improvement |
60 | $4,038,000 |
$67,000 | $260,000 |
$82,000 | $325,000 |
| Home Purchase |
31 | $5,145,000 |
$165,000 | $900,000 |
$87,000 | $254,000 |
| Refinancing |
92 | $9,549,000 |
$103,000 | $310,000 |
$69,000 | $247,000 |
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| American Indian or Alaskan Native |
1 | $30,000 |
$30,000 | $30,000 |
$143,000 | $143,000 |
| Asian |
3 | $93,000 |
$31,000 | $53,000 |
$42,000 | $47,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
4 | $611,000 |
$152,000 | $263,000 |
$154,000 | $325,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $187,000 |
$187,000 | $187,000 |
$0 | $0 |
| White |
174 | $17,811,000 |
$102,000 | $900,000 |
$75,000 | $254,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
183 | $18,732,000 |
$102,000 | $900,000 |
$76,000 | $325,000 |
| 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 | $955,000 |
$119,000 | $260,000 |
$69,000 | $107,000 |
| Application Denied By Financial Institution |
5 | $459,000 |
$91,000 | $238,000 |
$52,000 | $71,000 |
| Application Withdrawn By Applicant |
4 | $608,000 |
$152,000 | $251,000 |
$64,000 | $125,000 |
| File Closed For Incompleteness |
2 | $393,000 |
$196,000 | $206,000 |
$37,000 | $74,000 |
| Loan Originated |
164 | $16,317,000 |
$99,000 | $900,000 |
$78,000 | $325,000 |
| 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 |
1 | $15,000 |
$15,000 | $15,000 |
$47,000 | $47,000 |
| Debt-To-Income Ratio |
1 | $39,000 |
$39,000 | $39,000 |
$53,000 | $53,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $238,000 |
$238,000 | $238,000 |
$71,000 | $71,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHBRIDGE CREDIT UNION by:
Metropolitan Area And
County
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