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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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VACAP FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
VACAP FEDERAL CREDIT UNION |
| Address | 1700 ROBIN HOOD ROAD
RICHMOND, VA 23220 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 93 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,614,000 |
| Average Mortgage Loan Amount Applied For | $81,545 |
| Highest Mortgage Loan Amount Applied For | $367,000 |
| Average Applicant Income | $65,181 |
| Highest Applicant Income | $121,000 |
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| Home Improvement |
38 | $983,000 |
$25,000 | $145,000 |
$51,000 | $114,000 |
| Home Purchase |
6 | $1,211,000 |
$201,000 | $367,000 |
$67,000 | $103,000 |
| Refinancing |
50 | $3,428,000 |
$68,000 | $320,000 |
$58,000 | $121,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $80,000 |
$80,000 | $80,000 |
$80,000 | $80,000 |
| Black or African American |
41 | $2,097,000 |
$51,000 | $279,000 |
$50,000 | $109,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
28 | $1,389,000 |
$49,000 | $320,000 |
$53,000 | $121,000 |
| White |
24 | $2,056,000 |
$85,000 | $367,000 |
$68,000 | $109,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
94 | $5,622,000 |
$59,000 | $367,000 |
$56,000 | $121,000 |
| 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 |
13 | $371,000 |
$28,000 | $89,000 |
$34,000 | $48,000 |
| Application Withdrawn By Applicant |
5 | $355,000 |
$71,000 | $180,000 |
$58,000 | $109,000 |
| File Closed For Incompleteness |
2 | $168,000 |
$84,000 | $145,000 |
$102,000 | $114,000 |
| Loan Originated |
74 | $4,728,000 |
$63,000 | $367,000 |
$58,000 | $121,000 |
| 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 | $333,000 |
$37,000 | $89,000 |
$36,000 | $48,000 |
| Debt-To-Income Ratio |
4 | $38,000 |
$9,000 | $30,000 |
$30,000 | $44,000 |
| 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 VACAP FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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