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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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SUPERIOR CHOICE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUPERIOR CHOICE CREDIT UNION |
| Address | 2817 TOWER AVE
SUPERIOR, WI 54880 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 933 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,044,000 |
| Average Mortgage Loan Amount Applied For | $43,524 |
| Highest Mortgage Loan Amount Applied For | $320,000 |
| Average Applicant Income | $43,088 |
| Highest Applicant Income | $253,000 |
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| Home Improvement |
125 | $4,919,000 |
$39,000 | $155,000 |
$55,000 | $193,000 |
| Home Purchase |
595 | $33,357,000 |
$56,000 | $320,000 |
$45,000 | $206,000 |
| Refinancing |
215 | $18,803,000 |
$87,000 | $300,000 |
$56,000 | $253,000 |
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| American Indian or Alaskan Native |
4 | $190,000 |
$47,000 | $72,000 |
$53,000 | $85,000 |
| Asian |
2 | $53,000 |
$26,000 | $36,000 |
$26,000 | $29,000 |
| Black or African American |
3 | $142,000 |
$47,000 | $86,000 |
$30,000 | $42,000 |
| Hispanic |
6 | $233,000 |
$38,000 | $76,000 |
$46,000 | $81,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $22,000 |
$22,000 | $22,000 |
$32,000 | $32,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
919 | $56,439,000 |
$61,000 | $320,000 |
$49,000 | $253,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
881 | $56,427,000 |
$64,000 | $320,000 |
$48,000 | $253,000 |
| FHA-insured (Federal Housing Administration) |
54 | $652,000 |
$12,000 | $25,000 |
$65,000 | $193,000 |
| 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 |
226 | $12,250,000 |
$54,000 | $204,000 |
$48,000 | $206,000 |
| Application Denied By Financial Institution |
171 | $12,256,000 |
$71,000 | $225,000 |
$41,000 | $107,000 |
| Application Withdrawn By Applicant |
19 | $816,000 |
$42,000 | $155,000 |
$52,000 | $193,000 |
| File Closed For Incompleteness |
10 | $909,000 |
$90,000 | $172,000 |
$51,000 | $78,000 |
| Loan Originated |
509 | $30,848,000 |
$60,000 | $320,000 |
$52,000 | $253,000 |
| 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 |
14 | $1,096,000 |
$78,000 | $177,000 |
$51,000 | $86,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
93 | $6,152,000 |
$66,000 | $196,000 |
$42,000 | $107,000 |
| Debt-To-Income Ratio |
49 | $4,106,000 |
$83,000 | $225,000 |
$38,000 | $95,000 |
| Employment History |
9 | $750,000 |
$83,000 | $152,000 |
$34,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $55,000 |
$55,000 | $55,000 |
$58,000 | $58,000 |
| 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 SUPERIOR CHOICE CREDIT UNION by:
Metropolitan Area And
County
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