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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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TUSCALOOSA VA FEDERAL CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
TUSCALOOSA VA FEDERAL CU |
| Address | 3701 LOOP ROAD EAST
TUSCALOOSA, AL 35404 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 101 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,502,000 |
| Average Mortgage Loan Amount Applied For | $114,300 |
| Highest Mortgage Loan Amount Applied For | $510,000 |
| Average Applicant Income | $62,800 |
| Highest Applicant Income | $510,000 |
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| Home Improvement |
3 | $315,000 |
$105,000 | $210,000 |
$47,000 | $72,000 |
| Home Purchase |
52 | $6,720,000 |
$129,000 | $510,000 |
$78,000 | $510,000 |
| Refinancing |
46 | $4,467,000 |
$97,000 | $297,000 |
$56,000 | $160,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $150,000 |
$150,000 | $150,000 |
$30,000 | $30,000 |
| Black or African American |
23 | $2,168,000 |
$94,000 | $255,000 |
$41,000 | $120,000 |
| Hispanic |
1 | $66,000 |
$66,000 | $66,000 |
$20,000 | $20,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
76 | $9,118,000 |
$119,000 | $510,000 |
$76,000 | $510,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
101 | $11,502,000 |
$113,000 | $510,000 |
$67,000 | $510,000 |
| 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 |
16 | $1,756,000 |
$109,000 | $260,000 |
$51,000 | $260,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
85 | $9,746,000 |
$114,000 | $510,000 |
$70,000 | $510,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
9 | $880,000 |
$97,000 | $160,000 |
$38,000 | $80,000 |
| Debt-To-Income Ratio |
5 | $705,000 |
$141,000 | $260,000 |
$77,000 | $260,000 |
| Employment History |
1 | $118,000 |
$118,000 | $118,000 |
$36,000 | $36,000 |
| 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 TUSCALOOSA VA FEDERAL CU by:
Metropolitan Area And
County
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