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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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UNIVERSITY FEDERAL CREDIT UNIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNIVERSITY FEDERAL CREDIT UNIO |
| Address | 3305 STECK AVENUE
AUSTIN, TX 78757 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 647 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $70,615,000 |
| Average Mortgage Loan Amount Applied For | $95,414 |
| Highest Mortgage Loan Amount Applied For | $980,000 |
| Average Applicant Income | $78,634 |
| Highest Applicant Income | $1,485,000 |
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| Home Improvement |
189 | $8,593,000 |
$45,000 | $459,000 |
$94,000 | $400,000 |
| Home Purchase |
290 | $40,446,000 |
$139,000 | $640,000 |
$84,000 | $1,485,000 |
| Refinancing |
168 | $21,576,000 |
$128,000 | $980,000 |
$77,000 | $275,000 |
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| American Indian or Alaskan Native |
5 | $707,000 |
$141,000 | $240,000 |
$60,000 | $111,000 |
| Asian |
30 | $4,343,000 |
$144,000 | $383,000 |
$89,000 | $275,000 |
| Black or African American |
29 | $2,495,000 |
$86,000 | $203,000 |
$58,000 | $164,000 |
| Hispanic |
96 | $9,659,000 |
$100,000 | $293,000 |
$72,000 | $400,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $734,000 |
$367,000 | $640,000 |
$112,000 | $170,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
43 | $4,327,000 |
$100,000 | $285,000 |
$127,000 | $1,485,000 |
| White |
442 | $48,350,000 |
$109,000 | $980,000 |
$86,000 | $355,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
647 | $70,615,000 |
$109,000 | $980,000 |
$85,000 | $1,485,000 |
| 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 |
46 | $7,155,000 |
$155,000 | $670,000 |
$119,000 | $1,485,000 |
| Application Denied By Financial Institution |
145 | $15,365,000 |
$105,000 | $530,000 |
$64,000 | $240,000 |
| Application Withdrawn By Applicant |
45 | $3,948,000 |
$87,000 | $392,000 |
$88,000 | $355,000 |
| File Closed For Incompleteness |
87 | $11,124,000 |
$127,000 | $621,000 |
$90,000 | $400,000 |
| Loan Originated |
324 | $33,023,000 |
$101,000 | $980,000 |
$88,000 | $350,000 |
| 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 |
12 | $774,000 |
$64,000 | $250,000 |
$68,000 | $120,000 |
| Credit Application Incomplete |
13 | $2,278,000 |
$175,000 | $332,000 |
$86,000 | $240,000 |
| Credit History |
63 | $6,232,000 |
$98,000 | $240,000 |
$70,000 | $240,000 |
| Debt-To-Income Ratio |
37 | $3,780,000 |
$102,000 | $297,000 |
$47,000 | $134,000 |
| Employment History |
2 | $330,000 |
$165,000 | $230,000 |
$73,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $68,000 |
$68,000 | $68,000 |
$25,000 | $25,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $1,586,000 |
$132,000 | $530,000 |
$71,000 | $111,000 |
| Unverifiable Information |
3 | $252,000 |
$84,000 | $120,000 |
$44,000 | $48,000 |
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Mortgage Loan App Totals for UNIVERSITY FEDERAL CREDIT UNIO by:
Metropolitan Area And
County
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