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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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UNITED FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED FEDERAL CREDIT UNION |
| Address | 2807 SOUTH STATE STREET P.O. BOX 125
ST JOSEPH, MI 49085 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,678 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $143,300,000 |
| Average Mortgage Loan Amount Applied For | $140,350 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $76,766 |
| Highest Applicant Income | $987,000 |
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| Home Improvement |
1,039 | $35,968,000 |
$34,000 | $600,000 |
$64,000 | $650,000 |
| Home Purchase |
618 | $89,204,000 |
$144,000 | $2,500,000 |
$70,000 | $987,000 |
| Refinancing |
518 | $53,141,000 |
$102,000 | $1,200,000 |
$58,000 | $400,000 |
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| American Indian or Alaskan Native |
10 | $545,000 |
$54,000 | $120,000 |
$50,000 | $88,000 |
| Asian |
31 | $3,212,000 |
$103,000 | $680,000 |
$70,000 | $250,000 |
| Black or African American |
69 | $7,532,000 |
$109,000 | $2,500,000 |
$73,000 | $650,000 |
| Hispanic |
103 | $7,392,000 |
$71,000 | $334,000 |
$50,000 | $161,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $469,000 |
$156,000 | $400,000 |
$105,000 | $144,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
207 | $11,272,000 |
$54,000 | $428,000 |
$61,000 | $233,000 |
| White |
1,752 | $147,891,000 |
$84,000 | $1,300,000 |
$65,000 | $987,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,175 | $178,313,000 |
$81,000 | $2,500,000 |
$64,000 | $987,000 |
| 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 |
1 | $243,000 |
$243,000 | $243,000 |
$67,000 | $67,000 |
| Application Denied By Financial Institution |
363 | $25,785,000 |
$71,000 | $747,000 |
$47,000 | $300,000 |
| Application Withdrawn By Applicant |
458 | $40,308,000 |
$88,000 | $680,000 |
$60,000 | $300,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,353 | $111,977,000 |
$82,000 | $2,500,000 |
$71,000 | $987,000 |
| 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 |
8 | $590,000 |
$73,000 | $146,000 |
$38,000 | $64,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
107 | $6,142,000 |
$57,000 | $240,000 |
$45,000 | $150,000 |
| Debt-To-Income Ratio |
45 | $4,004,000 |
$88,000 | $260,000 |
$41,000 | $180,000 |
| Employment History |
1 | $143,000 |
$143,000 | $143,000 |
$30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
12 | $1,274,000 |
$106,000 | $747,000 |
$71,000 | $155,000 |
| Other |
23 | $873,000 |
$37,000 | $200,000 |
$60,000 | $300,000 |
| Unverifiable Information |
3 | $89,000 |
$29,000 | $60,000 |
$57,000 | $100,000 |
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Mortgage Loan App Totals for UNITED FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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