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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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STATE EMPLOYEES CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
STATE EMPLOYEES CREDIT UNION |
| Address | 813 ST. MICHAEL'S DRIVE
SANTA FE, NM 87505 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 318 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $25,197,000 |
| Average Mortgage Loan Amount Applied For | $71,944 |
| Highest Mortgage Loan Amount Applied For | $355,000 |
| Average Applicant Income | $56,388 |
| Highest Applicant Income | $321,000 |
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| Home Improvement |
5 | $87,000 |
$17,000 | $35,000 |
$86,000 | $107,000 |
| Home Purchase |
38 | $3,837,000 |
$100,000 | $330,000 |
$62,000 | $321,000 |
| Refinancing |
275 | $21,273,000 |
$77,000 | $355,000 |
$56,000 | $291,000 |
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| American Indian or Alaskan Native |
1 | $86,000 |
$86,000 | $86,000 |
$30,000 | $30,000 |
| Asian |
1 | $37,000 |
$37,000 | $37,000 |
$105,000 | $105,000 |
| Black or African American |
3 | $240,000 |
$80,000 | $150,000 |
$49,000 | $67,000 |
| Hispanic |
221 | $17,577,000 |
$79,000 | $355,000 |
$57,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
38 | $2,909,000 |
$76,000 | $216,000 |
$60,000 | $291,000 |
| White |
54 | $4,348,000 |
$80,000 | $250,000 |
$60,000 | $321,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
318 | $25,197,000 |
$79,000 | $355,000 |
$58,000 | $321,000 |
| 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 |
48 | $3,640,000 |
$75,000 | $355,000 |
$47,000 | $116,000 |
| Application Withdrawn By Applicant |
35 | $2,901,000 |
$82,000 | $216,000 |
$54,000 | $291,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
235 | $18,656,000 |
$79,000 | $330,000 |
$60,000 | $321,000 |
| 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 | $847,000 |
$105,000 | $355,000 |
$48,000 | $78,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
32 | $2,419,000 |
$75,000 | $230,000 |
$46,000 | $116,000 |
| Debt-To-Income Ratio |
1 | $50,000 |
$50,000 | $50,000 |
$29,000 | $29,000 |
| Employment History |
1 | $117,000 |
$117,000 | $117,000 |
$51,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $62,000 |
$62,000 | $62,000 |
$22,000 | $22,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $145,000 |
$29,000 | $38,000 |
$55,000 | $115,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for STATE EMPLOYEES CREDIT UNION by:
Metropolitan Area And
County
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