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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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US FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
US FEDERAL CREDIT UNION |
| Address | 1400 RIVERWOOD DRIVE
BURNSVILLE, MN 55337 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 932 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $71,927,000 |
| Average Mortgage Loan Amount Applied For | $75,051 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $77,688 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
401 | $11,071,000 |
$27,000 | $335,000 |
$78,000 | $780,000 |
| Home Purchase |
208 | $34,065,000 |
$163,000 | $378,000 |
$69,000 | $232,000 |
| Refinancing |
589 | $52,642,000 |
$89,000 | $417,000 |
$84,000 | $1,200,000 |
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| American Indian or Alaskan Native |
6 | $687,000 |
$114,000 | $240,000 |
$56,000 | $113,000 |
| Asian |
9 | $1,062,000 |
$118,000 | $300,000 |
$83,000 | $144,000 |
| Black or African American |
73 | $6,048,000 |
$82,000 | $329,000 |
$58,000 | $181,000 |
| Hispanic |
11 | $381,000 |
$34,000 | $120,000 |
$60,000 | $140,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $41,000 |
$20,000 | $38,000 |
$24,000 | $33,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
538 | $45,993,000 |
$85,000 | $417,000 |
$83,000 | $1,200,000 |
| White |
559 | $43,566,000 |
$77,000 | $378,000 |
$80,000 | $780,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,198 | $97,778,000 |
$81,000 | $417,000 |
$79,000 | $1,200,000 |
| 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 |
146 | $18,786,000 |
$128,000 | $375,000 |
$72,000 | $348,000 |
| Application Denied By Financial Institution |
137 | $19,853,000 |
$144,000 | $417,000 |
$58,000 | $200,000 |
| Application Withdrawn By Applicant |
36 | $5,381,000 |
$149,000 | $417,000 |
$73,000 | $309,000 |
| File Closed For Incompleteness |
1 | $175,000 |
$175,000 | $175,000 |
$210,000 | $210,000 |
| Loan Originated |
878 | $53,583,000 |
$61,000 | $375,000 |
$84,000 | $1,200,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 US FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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