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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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THINK FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
THINK FEDERAL CREDIT UNION |
| Address | 5200 MEMBERS PARKWAY NW
ROCHESTER, MN 55901 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,098 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $177,940,000 |
| Average Mortgage Loan Amount Applied For | $87,377 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $96,767 |
| Highest Applicant Income | $1,993,000 |
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| Home Improvement |
347 | $10,999,000 |
$31,000 | $200,000 |
$102,000 | $768,000 |
| Home Purchase |
733 | $96,021,000 |
$130,000 | $1,000,000 |
$85,000 | $1,993,000 |
| Refinancing |
1,085 | $82,585,000 |
$76,000 | $417,000 |
$90,000 | $863,000 |
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| American Indian or Alaskan Native |
4 | $182,000 |
$45,000 | $120,000 |
$89,000 | $126,000 |
| Asian |
44 | $5,366,000 |
$121,000 | $417,000 |
$121,000 | $1,993,000 |
| Black or African American |
25 | $2,583,000 |
$103,000 | $262,000 |
$82,000 | $236,000 |
| Hispanic |
26 | $2,036,000 |
$78,000 | $340,000 |
$90,000 | $398,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $203,000 |
$50,000 | $98,000 |
$91,000 | $172,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
493 | $52,924,000 |
$107,000 | $715,000 |
$91,000 | $421,000 |
| White |
1,569 | $126,311,000 |
$80,000 | $1,000,000 |
$89,000 | $863,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,165 | $189,605,000 |
$87,000 | $1,000,000 |
$90,000 | $1,993,000 |
| 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 |
9 | $608,000 |
$67,000 | $152,000 |
$103,000 | $155,000 |
| Application Denied By Financial Institution |
204 | $17,034,000 |
$83,000 | $600,000 |
$86,000 | $1,993,000 |
| Application Withdrawn By Applicant |
260 | $26,330,000 |
$101,000 | $417,000 |
$89,000 | $550,000 |
| File Closed For Incompleteness |
16 | $817,000 |
$51,000 | $139,000 |
$84,000 | $153,000 |
| Loan Originated |
1,676 | $144,816,000 |
$86,000 | $1,000,000 |
$91,000 | $863,000 |
| 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 |
21 | $1,451,000 |
$69,000 | $252,000 |
$105,000 | $222,000 |
| Credit Application Incomplete |
1 | $100,000 |
$100,000 | $100,000 |
$29,000 | $29,000 |
| Credit History |
82 | $6,632,000 |
$80,000 | $340,000 |
$95,000 | $1,993,000 |
| Debt-To-Income Ratio |
85 | $7,257,000 |
$85,000 | $350,000 |
$67,000 | $175,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $711,000 |
$237,000 | $600,000 |
$78,000 | $168,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $599,000 |
$74,000 | $175,000 |
$142,000 | $532,000 |
| Unverifiable Information |
4 | $284,000 |
$71,000 | $150,000 |
$83,000 | $157,000 |
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Mortgage Loan App Totals for THINK FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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