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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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UMASSFIVE COLLEGE FCU
Mortgage Loans and Application Details
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| Mortgage Company Name |
UMASSFIVE COLLEGE FCU |
| Address | 200 WESTGATE CENTER DRIVE
HADLEY, MA 01035 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 344 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,896,000 |
| Average Mortgage Loan Amount Applied For | $97,437 |
| Highest Mortgage Loan Amount Applied For | $480,000 |
| Average Applicant Income | $80,000 |
| Highest Applicant Income | $229,000 |
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| Home Improvement |
155 | $3,124,000 |
$20,000 | $200,000 |
$74,000 | $213,000 |
| Home Purchase |
69 | $13,053,000 |
$189,000 | $480,000 |
$65,000 | $146,000 |
| Refinancing |
120 | $15,719,000 |
$130,000 | $357,000 |
$71,000 | $229,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $845,000 |
$140,000 | $260,000 |
$81,000 | $157,000 |
| Black or African American |
13 | $1,258,000 |
$96,000 | $280,000 |
$71,000 | $172,000 |
| Hispanic |
14 | $1,808,000 |
$129,000 | $464,000 |
$59,000 | $112,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
92 | $7,802,000 |
$84,000 | $297,000 |
$77,000 | $229,000 |
| White |
219 | $20,183,000 |
$92,000 | $480,000 |
$69,000 | $213,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
344 | $31,896,000 |
$92,000 | $480,000 |
$71,000 | $229,000 |
| 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 |
18 | $3,498,000 |
$194,000 | $296,000 |
$55,000 | $92,000 |
| Application Withdrawn By Applicant |
21 | $4,524,000 |
$215,000 | $480,000 |
$74,000 | $146,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
305 | $23,874,000 |
$78,000 | $464,000 |
$72,000 | $229,000 |
| 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 |
1 | $230,000 |
$230,000 | $230,000 |
$92,000 | $92,000 |
| Credit History |
11 | $2,145,000 |
$195,000 | $296,000 |
$58,000 | $91,000 |
| Debt-To-Income Ratio |
6 | $1,123,000 |
$187,000 | $250,000 |
$43,000 | $92,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UMASSFIVE COLLEGE FCU by:
Metropolitan Area And
County
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