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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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TOWN & COUNTRY CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
TOWN & COUNTRY CREDIT UNION |
| Address | 615 SOUTH BROADWAY
MINOT, ND 58701 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 602 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $44,753,000 |
| Average Mortgage Loan Amount Applied For | $84,322 |
| Highest Mortgage Loan Amount Applied For | $534,000 |
| Average Applicant Income | $65,677 |
| Highest Applicant Income | $1,282,000 |
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| Home Improvement |
77 | $2,684,000 |
$34,000 | $198,000 |
$74,000 | $320,000 |
| Home Purchase |
427 | $40,988,000 |
$95,000 | $365,000 |
$55,000 | $1,282,000 |
| Refinancing |
211 | $12,430,000 |
$58,000 | $534,000 |
$59,000 | $252,000 |
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| American Indian or Alaskan Native |
2 | $96,000 |
$48,000 | $72,000 |
$40,000 | $50,000 |
| Asian |
4 | $210,000 |
$52,000 | $100,000 |
$52,000 | $150,000 |
| Black or African American |
2 | $239,000 |
$119,000 | $149,000 |
$186,000 | $320,000 |
| Hispanic |
1 | $135,000 |
$135,000 | $135,000 |
$66,000 | $66,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $134,000 |
$134,000 | $134,000 |
$52,000 | $52,000 |
| Not applicable |
2 | $131,000 |
$65,000 | $81,000 |
$0 | $0 |
| Not Provided |
30 | $2,476,000 |
$82,000 | $257,000 |
$82,000 | $1,282,000 |
| White |
673 | $52,681,000 |
$78,000 | $534,000 |
$57,000 | $297,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
503 | $33,564,000 |
$66,000 | $534,000 |
$63,000 | $1,282,000 |
| FHA-insured (Federal Housing Administration) |
142 | $14,808,000 |
$104,000 | $203,000 |
$47,000 | $165,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
19 | $1,478,000 |
$77,000 | $138,000 |
$34,000 | $64,000 |
| VA-guaranteed (Veterans Administration) |
51 | $6,252,000 |
$122,000 | $263,000 |
$51,000 | $137,000 |
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| Application Approved But Not Accepted |
14 | $1,564,000 |
$111,000 | $260,000 |
$42,000 | $106,000 |
| Application Denied By Financial Institution |
70 | $6,035,000 |
$86,000 | $360,000 |
$37,000 | $128,000 |
| Application Withdrawn By Applicant |
55 | $5,862,000 |
$106,000 | $239,000 |
$59,000 | $218,000 |
| File Closed For Incompleteness |
32 | $3,585,000 |
$112,000 | $285,000 |
$43,000 | $130,000 |
| Loan Originated |
539 | $38,604,000 |
$71,000 | $534,000 |
$62,000 | $1,282,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $341,000 |
$170,000 | $194,000 |
$65,000 | $66,000 |
| Preapproval Denied by Financial Institution |
3 | $111,000 |
$37,000 | $62,000 |
$44,000 | $60,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
26 | $2,141,000 |
$82,000 | $203,000 |
$40,000 | $128,000 |
| Debt-To-Income Ratio |
17 | $1,853,000 |
$109,000 | $360,000 |
$37,000 | $82,000 |
| 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 |
2 | $151,000 |
$75,000 | $103,000 |
$35,000 | $36,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for TOWN & COUNTRY CREDIT UNION by:
Metropolitan Area And
County
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