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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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USE CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
USE CREDIT UNION |
| Address | 10120 PACIFIC HEIGHTS BLVD.
SAN DIEGO, CA 92121 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 391 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $93,208,000 |
| Average Mortgage Loan Amount Applied For | $230,437 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $99,750 |
| Highest Applicant Income | $365,000 |
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| Home Improvement |
1 | $125,000 |
$125,000 | $125,000 |
$46,000 | $46,000 |
| Home Purchase |
62 | $21,870,000 |
$352,000 | $950,000 |
$105,000 | $233,000 |
| Refinancing |
328 | $71,213,000 |
$217,000 | $750,000 |
$94,000 | $365,000 |
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| American Indian or Alaskan Native |
2 | $325,000 |
$162,000 | $230,000 |
$60,000 | $80,000 |
| Asian |
23 | $6,824,000 |
$296,000 | $631,000 |
$104,000 | $227,000 |
| Black or African American |
33 | $9,793,000 |
$296,000 | $640,000 |
$84,000 | $329,000 |
| Hispanic |
64 | $14,150,000 |
$221,000 | $650,000 |
$69,000 | $163,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $962,000 |
$160,000 | $378,000 |
$84,000 | $107,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
16 | $6,469,000 |
$404,000 | $950,000 |
$103,000 | $258,000 |
| White |
247 | $54,685,000 |
$221,000 | $752,000 |
$104,000 | $365,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
391 | $93,208,000 |
$238,000 | $950,000 |
$96,000 | $365,000 |
| 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 |
62 | $17,858,000 |
$288,000 | $950,000 |
$78,000 | $329,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
329 | $75,350,000 |
$229,000 | $792,000 |
$99,000 | $365,000 |
| 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 |
9 | $2,340,000 |
$260,000 | $650,000 |
$64,000 | $151,000 |
| Debt-To-Income Ratio |
35 | $10,804,000 |
$308,000 | $950,000 |
$77,000 | $329,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $1,203,000 |
$601,000 | $640,000 |
$65,000 | $72,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $580,000 |
$145,000 | $430,000 |
$114,000 | $170,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for USE CREDIT UNION by:
Metropolitan Area And
County
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