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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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STERLING VAN DYKE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
STERLING VAN DYKE CREDIT UNION |
| Address | 39139 MOUND RD
STERLING HGTS, MI 48310 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 27 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,837,000 |
| Average Mortgage Loan Amount Applied For | $103,285 |
| Highest Mortgage Loan Amount Applied For | $217,000 |
| Average Applicant Income | $65,000 |
| Highest Applicant Income | $151,000 |
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| Home Improvement |
1 | $37,000 |
$37,000 | $37,000 |
$41,000 | $41,000 |
| Home Purchase |
13 | $1,249,000 |
$96,000 | $217,000 |
$57,000 | $108,000 |
| Refinancing |
18 | $2,064,000 |
$114,000 | $200,000 |
$81,000 | $151,000 |
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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 |
7 | $553,000 |
$79,000 | $118,000 |
$66,000 | $97,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $100,000 |
$100,000 | $100,000 |
$62,000 | $62,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
24 | $2,697,000 |
$112,000 | $217,000 |
$72,000 | $151,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
32 | $3,350,000 |
$104,000 | $217,000 |
$70,000 | $151,000 |
| 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 |
1 | $66,000 |
$66,000 | $66,000 |
$54,000 | $54,000 |
| Application Denied By Financial Institution |
4 | $415,000 |
$103,000 | $170,000 |
$64,000 | $87,000 |
| Application Withdrawn By Applicant |
1 | $24,000 |
$24,000 | $24,000 |
$64,000 | $64,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
25 | $2,745,000 |
$109,000 | $217,000 |
$72,000 | $151,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $100,000 |
$100,000 | $100,000 |
$64,000 | $64,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $170,000 |
$170,000 | $170,000 |
$73,000 | $73,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $86,000 |
$86,000 | $86,000 |
$87,000 | $87,000 |
| Debt-To-Income Ratio |
2 | $159,000 |
$79,000 | $110,000 |
$49,000 | $55,000 |
| 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 STERLING VAN DYKE CREDIT UNION by:
Metropolitan Area And
County
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