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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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SOUTHEAST FINANCIAL FEDERAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHEAST FINANCIAL FEDERAL CU |
| Address | 20TH & CONSTITUTION AV MS N502
WASHINGTON, DC 20551-0001 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 382 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $41,853,000 |
| Average Mortgage Loan Amount Applied For | $105,164 |
| Highest Mortgage Loan Amount Applied For | $1,233,000 |
| Average Applicant Income | $67,238 |
| Highest Applicant Income | $492,000 |
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| Home Improvement |
69 | $2,308,000 |
$33,000 | $100,000 |
$70,000 | $218,000 |
| Home Purchase |
215 | $27,819,000 |
$129,000 | $1,233,000 |
$53,000 | $270,000 |
| Refinancing |
98 | $11,726,000 |
$119,000 | $1,080,000 |
$62,000 | $492,000 |
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| American Indian or Alaskan Native |
1 | $50,000 |
$50,000 | $50,000 |
$125,000 | $125,000 |
| Asian |
2 | $151,000 |
$75,000 | $79,000 |
$71,000 | $118,000 |
| Black or African American |
23 | $3,016,000 |
$131,000 | $274,000 |
$56,000 | $113,000 |
| Hispanic |
91 | $10,304,000 |
$113,000 | $200,000 |
$40,000 | $115,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
111 | $12,354,000 |
$111,000 | $1,080,000 |
$62,000 | $492,000 |
| White |
154 | $15,978,000 |
$103,000 | $1,233,000 |
$67,000 | $209,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
382 | $41,853,000 |
$109,000 | $1,233,000 |
$59,000 | $492,000 |
| 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 |
83 | $8,830,000 |
$106,000 | $270,000 |
$46,000 | $113,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
264 | $28,968,000 |
$109,000 | $1,233,000 |
$64,000 | $492,000 |
| 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 |
35 | $4,055,000 |
$115,000 | $200,000 |
$47,000 | $84,000 |
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| Collateral |
6 | $789,000 |
$131,000 | $205,000 |
$37,000 | $50,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
77 | $9,010,000 |
$117,000 | $270,000 |
$49,000 | $113,000 |
| Debt-To-Income Ratio |
22 | $1,815,000 |
$82,000 | $210,000 |
$41,000 | $81,000 |
| Employment History |
2 | $110,000 |
$55,000 | $100,000 |
$36,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $369,000 |
$92,000 | $139,000 |
$52,000 | $78,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $280,000 |
$140,000 | $150,000 |
$43,000 | $52,000 |
| Unverifiable Information |
3 | $329,000 |
$109,000 | $144,000 |
$38,000 | $63,000 |
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Mortgage Loan App Totals for SOUTHEAST FINANCIAL FEDERAL CU by:
Metropolitan Area And
County
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