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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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USA CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
USA CREDIT UNION |
| Address | 2100 EXECUTIVE HILLS BLVD
AUBURN HILLS, MI 48326 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 384 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,954,000 |
| Average Mortgage Loan Amount Applied For | $39,586 |
| Highest Mortgage Loan Amount Applied For | $250,000 |
| Average Applicant Income | $95,655 |
| Highest Applicant Income | $381,000 |
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| Home Improvement |
209 | $5,167,000 |
$24,000 | $250,000 |
$91,000 | $573,000 |
| Home Purchase |
8 | $213,000 |
$26,000 | $60,000 |
$97,000 | $229,000 |
| Refinancing |
351 | $17,017,000 |
$48,000 | $250,000 |
$97,000 | $381,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
50 | $2,270,000 |
$45,000 | $150,000 |
$98,000 | $208,000 |
| Black or African American |
16 | $556,000 |
$34,000 | $80,000 |
$71,000 | $135,000 |
| Hispanic |
7 | $309,000 |
$44,000 | $150,000 |
$72,000 | $129,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $15,000 |
$15,000 | $15,000 |
$116,000 | $116,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
274 | $10,458,000 |
$38,000 | $250,000 |
$96,000 | $573,000 |
| White |
220 | $8,789,000 |
$39,000 | $228,000 |
$94,000 | $507,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
568 | $22,397,000 |
$39,000 | $250,000 |
$95,000 | $573,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
90 | $3,281,000 |
$36,000 | $150,000 |
$80,000 | $248,000 |
| Application Withdrawn By Applicant |
77 | $3,432,000 |
$44,000 | $250,000 |
$90,000 | $202,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
401 | $15,684,000 |
$39,000 | $250,000 |
$99,000 | $573,000 |
| 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 |
43 | $1,879,000 |
$43,000 | $150,000 |
$87,000 | $210,000 |
| Credit Application Incomplete |
1 | $5,000 |
$5,000 | $5,000 |
$248,000 | $248,000 |
| Credit History |
19 | $515,000 |
$27,000 | $125,000 |
$68,000 | $160,000 |
| Debt-To-Income Ratio |
12 | $354,000 |
$29,000 | $127,000 |
$66,000 | $151,000 |
| Employment History |
1 | $40,000 |
$40,000 | $40,000 |
$57,000 | $57,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $198,000 |
$22,000 | $55,000 |
$74,000 | $186,000 |
| Unverifiable Information |
1 | $33,000 |
$33,000 | $33,000 |
$91,000 | $91,000 |
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Mortgage Loan App Totals for USA CREDIT UNION by:
Metropolitan Area And
County
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