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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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SUMMIT CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUMMIT CREDIT UNION |
| Address | PO BOX 8046
MADISON, WI 53708 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,519 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $163,755,000 |
| Average Mortgage Loan Amount Applied For | $58,184 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $70,169 |
| Highest Applicant Income | $521,000 |
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| Home Improvement |
381 | $10,060,000 |
$26,000 | $165,000 |
$75,000 | $239,000 |
| Home Purchase |
388 | $51,270,000 |
$132,000 | $750,000 |
$62,000 | $293,000 |
| Refinancing |
1,807 | $110,252,000 |
$61,000 | $640,000 |
$75,000 | $521,000 |
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| American Indian or Alaskan Native |
16 | $951,000 |
$59,000 | $200,000 |
$69,000 | $120,000 |
| Asian |
30 | $2,825,000 |
$94,000 | $329,000 |
$86,000 | $239,000 |
| Black or African American |
62 | $6,119,000 |
$98,000 | $350,000 |
$73,000 | $210,000 |
| Hispanic |
58 | $3,578,000 |
$61,000 | $328,000 |
$62,000 | $123,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $297,000 |
$42,000 | $181,000 |
$60,000 | $78,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
102 | $4,011,000 |
$39,000 | $200,000 |
$72,000 | $274,000 |
| White |
2,301 | $153,801,000 |
$66,000 | $750,000 |
$73,000 | $521,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,576 | $171,582,000 |
$66,000 | $750,000 |
$73,000 | $521,000 |
| 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 |
313 | $13,148,000 |
$42,000 | $289,000 |
$77,000 | $351,000 |
| Application Denied By Financial Institution |
215 | $11,570,000 |
$53,000 | $439,000 |
$57,000 | $214,000 |
| Application Withdrawn By Applicant |
173 | $11,074,000 |
$64,000 | $350,000 |
$63,000 | $184,000 |
| File Closed For Incompleteness |
33 | $5,536,000 |
$167,000 | $380,000 |
$76,000 | $158,000 |
| Loan Originated |
1,785 | $122,427,000 |
$68,000 | $750,000 |
$76,000 | $521,000 |
| 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 |
57 | $7,827,000 |
$137,000 | $256,000 |
$54,000 | $111,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 SUMMIT CREDIT UNION by:
Metropolitan Area And
County
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