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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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SOUTHERN MASS CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN MASS CREDIT UNION |
| Address | 123 ALDEN RD
FAIRHAVEN, MA 02719 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 189 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,503,000 |
| Average Mortgage Loan Amount Applied For | $100,888 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $75,222 |
| Highest Applicant Income | $292,000 |
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| Home Improvement |
82 | $4,649,000 |
$56,000 | $228,000 |
$73,000 | $143,000 |
| Home Purchase |
10 | $2,078,000 |
$207,000 | $350,000 |
$92,000 | $158,000 |
| Refinancing |
97 | $12,776,000 |
$131,000 | $417,000 |
$77,000 | $292,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
9 | $1,130,000 |
$125,000 | $356,000 |
$80,000 | $160,000 |
| Hispanic |
3 | $132,000 |
$44,000 | $78,000 |
$56,000 | $77,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $862,000 |
$172,000 | $371,000 |
$71,000 | $90,000 |
| White |
172 | $17,379,000 |
$101,000 | $417,000 |
$76,000 | $292,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
189 | $19,503,000 |
$103,000 | $417,000 |
$76,000 | $292,000 |
| 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 | $662,000 |
$82,000 | $195,000 |
$69,000 | $180,000 |
| Application Denied By Financial Institution |
30 | $3,846,000 |
$128,000 | $371,000 |
$76,000 | $158,000 |
| Application Withdrawn By Applicant |
3 | $463,000 |
$154,000 | $185,000 |
$52,000 | $76,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
148 | $14,532,000 |
$98,000 | $417,000 |
$77,000 | $292,000 |
| 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 |
8 | $694,000 |
$86,000 | $356,000 |
$88,000 | $141,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,113,000 |
$159,000 | $360,000 |
$86,000 | $158,000 |
| Debt-To-Income Ratio |
15 | $2,039,000 |
$135,000 | $371,000 |
$64,000 | $135,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHERN MASS CREDIT UNION by:
Metropolitan Area And
County
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