|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
TOWER FEDERAL CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
TOWER FEDERAL CREDIT UNION |
| Address | 7901 SANDY SPRING RD
LAUREL, MD 20701 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,249 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $254,751,000 |
| Average Mortgage Loan Amount Applied For | $198,224 |
| Highest Mortgage Loan Amount Applied For | $798,000 |
| Average Applicant Income | $109,978 |
| Highest Applicant Income | $1,180,000 |
|
|
|
| Home Improvement |
165 | $6,269,000 |
$37,000 | $220,000 |
$108,000 | $1,075,000 |
| Home Purchase |
242 | $61,674,000 |
$254,000 | $660,000 |
$110,000 | $567,000 |
| Refinancing |
842 | $186,808,000 |
$221,000 | $798,000 |
$104,000 | $1,180,000 |
|
|
| American Indian or Alaskan Native |
3 | $278,000 |
$92,000 | $203,000 |
$85,000 | $102,000 |
| Asian |
12 | $2,648,000 |
$220,000 | $499,000 |
$117,000 | $255,000 |
| Black or African American |
141 | $31,953,000 |
$226,000 | $675,000 |
$92,000 | $258,000 |
| Hispanic |
33 | $7,106,000 |
$215,000 | $528,000 |
$100,000 | $256,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $471,000 |
$117,000 | $224,000 |
$97,000 | $180,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
441 | $86,078,000 |
$195,000 | $748,000 |
$103,000 | $1,180,000 |
| White |
615 | $126,217,000 |
$205,000 | $798,000 |
$110,000 | $1,075,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,244 | $253,441,000 |
$203,000 | $798,000 |
$105,000 | $1,180,000 |
| 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) |
5 | $1,310,000 |
$262,000 | $318,000 |
$97,000 | $148,000 |
|
|
| Application Approved But Not Accepted |
4 | $811,000 |
$202,000 | $305,000 |
$87,000 | $108,000 |
| Application Denied By Financial Institution |
85 | $15,689,000 |
$184,000 | $674,000 |
$74,000 | $215,000 |
| Application Withdrawn By Applicant |
215 | $53,533,000 |
$248,000 | $798,000 |
$100,000 | $567,000 |
| File Closed For Incompleteness |
3 | $161,000 |
$53,000 | $86,000 |
$79,000 | $108,000 |
| Loan Originated |
942 | $184,557,000 |
$195,000 | $755,000 |
$109,000 | $1,180,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
1 | $311,000 |
$311,000 | $311,000 |
$115,000 | $115,000 |
| Credit History |
46 | $8,171,000 |
$177,000 | $548,000 |
$80,000 | $215,000 |
| Debt-To-Income Ratio |
34 | $6,903,000 |
$203,000 | $674,000 |
$66,000 | $174,000 |
| Employment History |
1 | $60,000 |
$60,000 | $60,000 |
$21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $194,000 |
$194,000 | $194,000 |
$66,000 | $66,000 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for TOWER FEDERAL CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
