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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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SOUTHWEST LA CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHWEST LA CREDIT UNION |
| Address | 4056 RYAN STREET
LAKE CHARLES, LA 70605 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 34 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,924,000 |
| Average Mortgage Loan Amount Applied For | $60,250 |
| Highest Mortgage Loan Amount Applied For | $225,000 |
| Average Applicant Income | $46,500 |
| Highest Applicant Income | $93,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
37 | $2,100,000 |
$56,000 | $225,000 |
$42,000 | $96,000 |
| Refinancing |
16 | $1,050,000 |
$65,000 | $185,000 |
$54,000 | $93,000 |
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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 |
6 | $459,000 |
$76,000 | $225,000 |
$37,000 | $93,000 |
| Hispanic |
2 | $60,000 |
$30,000 | $46,000 |
$49,000 | $50,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $175,000 |
$58,000 | $120,000 |
$29,000 | $46,000 |
| White |
42 | $2,456,000 |
$58,000 | $185,000 |
$48,000 | $96,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
53 | $3,150,000 |
$59,000 | $225,000 |
$45,000 | $96,000 |
| 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 |
2 | $134,000 |
$67,000 | $94,000 |
$75,000 | $79,000 |
| Application Denied By Financial Institution |
7 | $460,000 |
$65,000 | $185,000 |
$41,000 | $81,000 |
| Application Withdrawn By Applicant |
24 | $1,660,000 |
$69,000 | $225,000 |
$42,000 | $93,000 |
| File Closed For Incompleteness |
3 | $156,000 |
$52,000 | $108,000 |
$64,000 | $96,000 |
| Loan Originated |
17 | $740,000 |
$43,000 | $128,000 |
$45,000 | $93,000 |
| 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 | $12,000 |
$12,000 | $12,000 |
$28,000 | $28,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $263,000 |
$52,000 | $72,000 |
$36,000 | $53,000 |
| Debt-To-Income Ratio |
1 | $185,000 |
$185,000 | $185,000 |
$81,000 | $81,000 |
| 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 SOUTHWEST LA CREDIT UNION by:
Metropolitan Area And
County
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