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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 FINANCIAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED FINANCIAL CREDIT UNION |
| Address | 5658 DIXIE HWY.
SAGINAW, MI 48601 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 240 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,236,000 |
| Average Mortgage Loan Amount Applied For | $97,631 |
| Highest Mortgage Loan Amount Applied For | $336,000 |
| Average Applicant Income | $68,157 |
| Highest Applicant Income | $163,000 |
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| Home Improvement |
40 | $360,000 |
$9,000 | $49,000 |
$45,000 | $112,000 |
| Home Purchase |
41 | $4,394,000 |
$107,000 | $336,000 |
$52,000 | $147,000 |
| Refinancing |
159 | $12,482,000 |
$78,000 | $250,000 |
$57,000 | $163,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
4 | $98,000 |
$24,000 | $60,000 |
$49,000 | $104,000 |
| Hispanic |
12 | $736,000 |
$61,000 | $140,000 |
$54,000 | $155,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $459,000 |
$229,000 | $288,000 |
$56,000 | $81,000 |
| White |
222 | $15,943,000 |
$71,000 | $336,000 |
$54,000 | $163,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
240 | $17,236,000 |
$71,000 | $336,000 |
$54,000 | $163,000 |
| 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 |
13 | $1,300,000 |
$100,000 | $336,000 |
$75,000 | $157,000 |
| Application Denied By Financial Institution |
9 | $487,000 |
$54,000 | $140,000 |
$24,000 | $44,000 |
| Application Withdrawn By Applicant |
9 | $849,000 |
$94,000 | $288,000 |
$43,000 | $69,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
209 | $14,600,000 |
$69,000 | $250,000 |
$54,000 | $163,000 |
| 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 |
5 | $201,000 |
$40,000 | $128,000 |
$25,000 | $37,000 |
| Debt-To-Income Ratio |
2 | $258,000 |
$129,000 | $140,000 |
$21,000 | $26,000 |
| 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 UNITED FINANCIAL CREDIT UNION by:
Metropolitan Area And
County
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