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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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STCU CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
STCU CREDIT UNION |
| Address | 145 INDUSTRY AVENUE
SPRINGFIELD, MA 01104 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 132 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,975,000 |
| Average Mortgage Loan Amount Applied For | $122,800 |
| Highest Mortgage Loan Amount Applied For | $299,000 |
| Average Applicant Income | $95,200 |
| Highest Applicant Income | $504,000 |
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| Home Improvement |
66 | $2,664,000 |
$40,000 | $180,000 |
$79,000 | $504,000 |
| Home Purchase |
29 | $4,251,000 |
$146,000 | $320,000 |
$56,000 | $150,000 |
| Refinancing |
51 | $4,240,000 |
$83,000 | $190,000 |
$75,000 | $179,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $10,000 |
$10,000 | $10,000 |
$25,000 | $25,000 |
| Black or African American |
14 | $1,478,000 |
$105,000 | $238,000 |
$85,000 | $159,000 |
| Hispanic |
11 | $858,000 |
$78,000 | $200,000 |
$50,000 | $95,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
27 | $2,105,000 |
$77,000 | $180,000 |
$77,000 | $163,000 |
| White |
93 | $6,704,000 |
$72,000 | $320,000 |
$74,000 | $504,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
146 | $11,155,000 |
$76,000 | $320,000 |
$73,000 | $504,000 |
| 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 |
5 | $204,000 |
$40,000 | $60,000 |
$74,000 | $119,000 |
| Application Denied By Financial Institution |
17 | $2,018,000 |
$118,000 | $264,000 |
$58,000 | $150,000 |
| Application Withdrawn By Applicant |
21 | $2,015,000 |
$95,000 | $320,000 |
$66,000 | $170,000 |
| File Closed For Incompleteness |
6 | $856,000 |
$142,000 | $199,000 |
$70,000 | $100,000 |
| Loan Originated |
97 | $6,062,000 |
$62,000 | $299,000 |
$78,000 | $504,000 |
| 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 |
6 | $472,000 |
$78,000 | $139,000 |
$49,000 | $70,000 |
| Debt-To-Income Ratio |
8 | $1,127,000 |
$140,000 | $185,000 |
$46,000 | $85,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $75,000 |
$75,000 | $75,000 |
$140,000 | $140,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $264,000 |
$264,000 | $264,000 |
$150,000 | $150,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for STCU CREDIT UNION by:
Metropolitan Area And
County
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