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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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TOWER CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
TOWER CREDIT UNION |
| Address | 610 N 2ND AVE
WAUSAU, WI 54401 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 89 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,643,000 |
| Average Mortgage Loan Amount Applied For | $66,625 |
| Highest Mortgage Loan Amount Applied For | $303,000 |
| Average Applicant Income | $50,750 |
| Highest Applicant Income | $230,000 |
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| Home Improvement |
16 | $532,000 |
$33,000 | $97,000 |
$61,000 | $109,000 |
| Home Purchase |
35 | $2,885,000 |
$82,000 | $303,000 |
$58,000 | $230,000 |
| Refinancing |
42 | $2,514,000 |
$59,000 | $246,000 |
$52,000 | $125,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $76,000 |
$25,000 | $30,000 |
$46,000 | $77,000 |
| Black or African American |
1 | $22,000 |
$22,000 | $22,000 |
$69,000 | $69,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $288,000 |
$96,000 | $147,000 |
$51,000 | $68,000 |
| White |
86 | $5,545,000 |
$64,000 | $303,000 |
$56,000 | $230,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
93 | $5,931,000 |
$63,000 | $303,000 |
$56,000 | $230,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
13 | $1,284,000 |
$98,000 | $303,000 |
$46,000 | $125,000 |
| Application Withdrawn By Applicant |
7 | $592,000 |
$84,000 | $147,000 |
$52,000 | $75,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
73 | $4,055,000 |
$55,000 | $260,000 |
$58,000 | $230,000 |
| 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 |
1 | $6,000 |
$6,000 | $6,000 |
$24,000 | $24,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $502,000 |
$83,000 | $208,000 |
$47,000 | $125,000 |
| Debt-To-Income Ratio |
2 | $242,000 |
$121,000 | $167,000 |
$52,000 | $80,000 |
| Employment History |
1 | $303,000 |
$303,000 | $303,000 |
$60,000 | $60,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for TOWER CREDIT UNION by:
Metropolitan Area And
County
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