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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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SUN EAST FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUN EAST FEDERAL CREDIT UNION |
| Address | 4500 PENNELL ROAD
ASTON, PA 19014 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 437 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,091,000 |
| Average Mortgage Loan Amount Applied For | $108,846 |
| Highest Mortgage Loan Amount Applied For | $450,000 |
| Average Applicant Income | $76,461 |
| Highest Applicant Income | $409,000 |
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| Home Improvement |
143 | $5,357,000 |
$37,000 | $240,000 |
$73,000 | $286,000 |
| Home Purchase |
291 | $45,654,000 |
$156,000 | $500,000 |
$57,000 | $192,000 |
| Refinancing |
246 | $24,799,000 |
$100,000 | $450,000 |
$76,000 | $409,000 |
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| American Indian or Alaskan Native |
1 | $48,000 |
$48,000 | $48,000 |
$78,000 | $78,000 |
| Asian |
2 | $65,000 |
$32,000 | $40,000 |
$52,000 | $59,000 |
| Black or African American |
26 | $812,000 |
$31,000 | $74,000 |
$50,000 | $107,000 |
| Hispanic |
10 | $589,000 |
$58,000 | $250,000 |
$57,000 | $112,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $405,000 |
$135,000 | $183,000 |
$66,000 | $100,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
501 | $67,264,000 |
$134,000 | $500,000 |
$65,000 | $409,000 |
| White |
137 | $6,627,000 |
$48,000 | $291,000 |
$82,000 | $286,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
679 | $75,674,000 |
$111,000 | $500,000 |
$67,000 | $409,000 |
| 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) |
1 | $136,000 |
$136,000 | $136,000 |
$39,000 | $39,000 |
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| Application Approved But Not Accepted |
13 | $2,114,000 |
$162,000 | $300,000 |
$67,000 | $102,000 |
| Application Denied By Financial Institution |
42 | $4,331,000 |
$103,000 | $300,000 |
$56,000 | $126,000 |
| Application Withdrawn By Applicant |
25 | $3,312,000 |
$132,000 | $360,000 |
$65,000 | $164,000 |
| File Closed For Incompleteness |
2 | $180,000 |
$90,000 | $100,000 |
$27,000 | $30,000 |
| Loan Originated |
387 | $32,841,000 |
$84,000 | $450,000 |
$78,000 | $409,000 |
| Loan Purchased By The Institution |
1 | $5,000 |
$5,000 | $5,000 |
$26,000 | $26,000 |
| Preapproval Approved but not Accepted |
149 | $25,617,000 |
$171,000 | $500,000 |
$56,000 | $140,000 |
| Preapproval Denied by Financial Institution |
61 | $7,410,000 |
$121,000 | $360,000 |
$40,000 | $126,000 |
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| Collateral |
5 | $444,000 |
$88,000 | $160,000 |
$48,000 | $78,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
55 | $5,496,000 |
$99,000 | $300,000 |
$44,000 | $126,000 |
| Debt-To-Income Ratio |
22 | $3,179,000 |
$144,000 | $360,000 |
$47,000 | $126,000 |
| Employment History |
3 | $433,000 |
$144,000 | $250,000 |
$49,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $680,000 |
$113,000 | $200,000 |
$39,000 | $72,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $68,000 |
$34,000 | $45,000 |
$36,000 | $53,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SUN EAST FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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