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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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UNIFIED FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNIFIED FEDERAL CREDIT UNION |
| Address | 200 CORPORATE PLACE SUITE 4
PEABODY, MA 01960 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 132 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,580,000 |
| Average Mortgage Loan Amount Applied For | $62,894 |
| Highest Mortgage Loan Amount Applied For | $348,000 |
| Average Applicant Income | $97,000 |
| Highest Applicant Income | $202,000 |
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| Home Improvement |
60 | $2,556,000 |
$42,000 | $175,000 |
$98,000 | $198,000 |
| Home Purchase |
5 | $1,128,000 |
$225,000 | $348,000 |
$128,000 | $147,000 |
| Refinancing |
67 | $5,896,000 |
$88,000 | $320,000 |
$94,000 | $202,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
3 | $288,000 |
$96,000 | $170,000 |
$144,000 | $198,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $150,000 |
$150,000 | $150,000 |
$38,000 | $38,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
20 | $879,000 |
$43,000 | $200,000 |
$91,000 | $191,000 |
| White |
108 | $8,263,000 |
$76,000 | $348,000 |
$98,000 | $202,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
132 | $9,580,000 |
$72,000 | $348,000 |
$97,000 | $202,000 |
| 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 |
12 | $492,000 |
$41,000 | $93,000 |
$89,000 | $128,000 |
| Application Denied By Financial Institution |
12 | $542,000 |
$45,000 | $150,000 |
$87,000 | $180,000 |
| Application Withdrawn By Applicant |
8 | $813,000 |
$101,000 | $300,000 |
$84,000 | $191,000 |
| File Closed For Incompleteness |
5 | $177,000 |
$35,000 | $60,000 |
$61,000 | $104,000 |
| Loan Originated |
95 | $7,556,000 |
$79,000 | $348,000 |
$102,000 | $202,000 |
| 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 |
7 | $205,000 |
$29,000 | $60,000 |
$106,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $70,000 |
$70,000 | $70,000 |
$60,000 | $60,000 |
| Debt-To-Income Ratio |
1 | $50,000 |
$50,000 | $50,000 |
$62,000 | $62,000 |
| Employment History |
1 | $150,000 |
$150,000 | $150,000 |
$38,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $30,000 |
$30,000 | $30,000 |
$50,000 | $50,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNIFIED FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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