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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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THE SOUTHERN FEDERAL CREDIT UN
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE SOUTHERN FEDERAL CREDIT UN |
| Address | 430 EAST LANIER AVE
FAYETTEVILLE, GA 30214 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 140 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,020,000 |
| Average Mortgage Loan Amount Applied For | $126,777 |
| Highest Mortgage Loan Amount Applied For | $608,000 |
| Average Applicant Income | $77,111 |
| Highest Applicant Income | $258,000 |
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| Home Improvement |
2 | $45,000 |
$22,000 | $30,000 |
$86,000 | $116,000 |
| Home Purchase |
95 | $14,085,000 |
$148,000 | $608,000 |
$73,000 | $258,000 |
| Refinancing |
71 | $11,381,000 |
$160,000 | $420,000 |
$71,000 | $169,000 |
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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 |
1 | $108,000 |
$108,000 | $108,000 |
$49,000 | $49,000 |
| Hispanic |
1 | $380,000 |
$380,000 | $380,000 |
$128,000 | $128,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
164 | $24,784,000 |
$151,000 | $608,000 |
$71,000 | $258,000 |
| White |
2 | $239,000 |
$119,000 | $160,000 |
$116,000 | $145,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
168 | $25,511,000 |
$151,000 | $608,000 |
$72,000 | $258,000 |
| 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 |
42 | $6,030,000 |
$143,000 | $408,000 |
$74,000 | $214,000 |
| Application Denied By Financial Institution |
28 | $4,884,000 |
$174,000 | $336,000 |
$68,000 | $171,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
1 | $180,000 |
$180,000 | $180,000 |
$56,000 | $56,000 |
| Loan Originated |
82 | $11,859,000 |
$144,000 | $608,000 |
$75,000 | $258,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
15 | $2,558,000 |
$170,000 | $341,000 |
$58,000 | $138,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
4 | $767,000 |
$191,000 | $240,000 |
$88,000 | $162,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $2,846,000 |
$167,000 | $336,000 |
$69,000 | $171,000 |
| Debt-To-Income Ratio |
6 | $1,186,000 |
$197,000 | $240,000 |
$60,000 | $107,000 |
| 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 |
1 | $85,000 |
$85,000 | $85,000 |
$23,000 | $23,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE SOUTHERN FEDERAL CREDIT UN by:
Metropolitan Area And
County
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