|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
USA FEDERAL CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
USA FEDERAL CREDIT UNION |
| Address | 2100 EXECUTIVE HILLS BLVD
AUBURN HILLS, MI 48326 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 88 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,881,000 |
| Average Mortgage Loan Amount Applied For | $33,400 |
| Highest Mortgage Loan Amount Applied For | $162,000 |
| Average Applicant Income | $87,800 |
| Highest Applicant Income | $233,000 |
|
|
|
| Home Improvement |
99 | $2,480,000 |
$24,500 | $162,000 |
$84,666 | $290,000 |
| Home Purchase |
2 | $59,000 |
$29,000 | $45,000 |
$70,000 | $73,000 |
| Refinancing |
51 | $2,080,000 |
$36,333 | $113,000 |
$80,833 | $233,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
13 | $468,000 |
$35,400 | $100,000 |
$108,600 | $290,000 |
| Black or African American |
3 | $122,000 |
$46,500 | $64,000 |
$74,000 | $104,000 |
| Hispanic |
5 | $162,000 |
$29,666 | $60,000 |
$65,333 | $123,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
58 | $1,104,000 |
$20,500 | $113,000 |
$67,500 | $163,000 |
| White |
73 | $2,763,000 |
$33,142 | $162,000 |
$83,285 | $233,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
152 | $4,619,000 |
$29,000 | $162,000 |
$86,714 | $290,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $153,000 |
$27,500 | $40,000 |
$69,500 | $93,000 |
| Application Withdrawn By Applicant |
7 | $270,000 |
$34,333 | $80,000 |
$82,000 | $134,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
139 | $4,196,000 |
$28,714 | $162,000 |
$87,285 | $290,000 |
| 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 |
|
|
| Collateral |
1 | $30,000 |
$30,000 | $30,000 |
$93,000 | $93,000 |
| 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) |
2 | $33,000 |
$16,000 | $21,000 |
$48,000 | $65,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $90,000 |
$32,500 | $40,000 |
$69,000 | $88,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for USA FEDERAL CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
