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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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VACATIONLAND FED CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
VACATIONLAND FED CU |
| Address | 2409 E PERKINS AVE
SANDUSKY, OH 44870 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 70 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $585,000 |
| Average Mortgage Loan Amount Applied For | $9,500 |
| Highest Mortgage Loan Amount Applied For | $40,000 |
| Average Applicant Income | $55,666 |
| Highest Applicant Income | $107,000 |
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| Home Improvement |
61 | $442,000 |
$7,000 | $40,000 |
$50,000 | $107,000 |
| Home Purchase |
10 | $150,000 |
$15,000 | $40,000 |
$32,000 | $56,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
7 | $23,000 |
$3,000 | $7,000 |
$43,000 | $62,000 |
| 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 |
9 | $115,000 |
$12,000 | $40,000 |
$37,000 | $68,000 |
| White |
55 | $454,000 |
$8,000 | $40,000 |
$50,000 | $107,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
71 | $592,000 |
$8,000 | $40,000 |
$48,000 | $107,000 |
| 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 |
7 | $79,000 |
$11,000 | $20,000 |
$48,000 | $77,000 |
| Application Denied By Financial Institution |
22 | $199,000 |
$9,000 | $40,000 |
$44,000 | $95,000 |
| Application Withdrawn By Applicant |
4 | $45,000 |
$11,000 | $15,000 |
$41,000 | $77,000 |
| File Closed For Incompleteness |
3 | $28,000 |
$9,000 | $14,000 |
$34,000 | $50,000 |
| Loan Originated |
35 | $241,000 |
$6,000 | $40,000 |
$52,000 | $107,000 |
| 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 |
8 | $109,000 |
$13,000 | $40,000 |
$35,000 | $55,000 |
| Debt-To-Income Ratio |
5 | $19,000 |
$3,000 | $6,000 |
$54,000 | $68,000 |
| Employment History |
2 | $20,000 |
$10,000 | $15,000 |
$23,000 | $29,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $3,000 |
$3,000 | $3,000 |
$68,000 | $68,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VACATIONLAND FED CU by:
Metropolitan Area And
County
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