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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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SUNSTATE FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUNSTATE FEDERAL CREDIT UNION |
| Address | PO BOX 1162
GAINESVILLE, FL 32602 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 78 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,394,000 |
| Average Mortgage Loan Amount Applied For | $72,200 |
| Highest Mortgage Loan Amount Applied For | $320,000 |
| Average Applicant Income | $57,800 |
| Highest Applicant Income | $188,000 |
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| Home Improvement |
9 | $353,000 |
$39,000 | $87,000 |
$64,000 | $150,000 |
| Home Purchase |
23 | $2,867,000 |
$124,000 | $417,000 |
$62,000 | $142,000 |
| Refinancing |
95 | $8,567,000 |
$90,000 | $320,000 |
$58,000 | $188,000 |
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| American Indian or Alaskan Native |
3 | $327,000 |
$109,000 | $150,000 |
$39,000 | $49,000 |
| Asian |
4 | $402,000 |
$100,000 | $130,000 |
$58,000 | $79,000 |
| Black or African American |
18 | $1,646,000 |
$91,000 | $417,000 |
$51,000 | $142,000 |
| Hispanic |
2 | $271,000 |
$135,000 | $150,000 |
$100,000 | $117,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $63,000 |
$63,000 | $63,000 |
$58,000 | $58,000 |
| White |
99 | $9,078,000 |
$91,000 | $320,000 |
$60,000 | $188,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
127 | $11,787,000 |
$92,000 | $417,000 |
$59,000 | $188,000 |
| 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 |
14 | $1,572,000 |
$112,000 | $417,000 |
$52,000 | $107,000 |
| Application Denied By Financial Institution |
27 | $2,406,000 |
$89,000 | $255,000 |
$49,000 | $110,000 |
| Application Withdrawn By Applicant |
11 | $1,436,000 |
$130,000 | $320,000 |
$73,000 | $173,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
74 | $6,173,000 |
$83,000 | $196,000 |
$61,000 | $188,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $200,000 |
$200,000 | $200,000 |
$136,000 | $136,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $30,000 |
$30,000 | $30,000 |
$37,000 | $37,000 |
| Credit Application Incomplete |
1 | $150,000 |
$150,000 | $150,000 |
$37,000 | $37,000 |
| Credit History |
3 | $175,000 |
$58,000 | $105,000 |
$76,000 | $103,000 |
| Debt-To-Income Ratio |
11 | $1,133,000 |
$103,000 | $255,000 |
$46,000 | $92,000 |
| Employment History |
2 | $147,000 |
$73,000 | $107,000 |
$21,000 | $36,000 |
| 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 |
1 | $70,000 |
$70,000 | $70,000 |
$38,000 | $38,000 |
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Mortgage Loan App Totals for SUNSTATE FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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