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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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VALLEY FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY FEDERAL CREDIT UNION |
| Address | PO BOX 2047
BILLINGS, MT 59104-2047 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 202 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,143,000 |
| Average Mortgage Loan Amount Applied For | $50,000 |
| Highest Mortgage Loan Amount Applied For | $235,000 |
| Average Applicant Income | $66,250 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
162 | $5,393,000 |
$33,000 | $144,000 |
$69,000 | $1,000,000 |
| Home Purchase |
2 | $93,000 |
$46,000 | $50,000 |
$30,000 | $30,000 |
| Refinancing |
38 | $1,657,000 |
$43,000 | $235,000 |
$67,000 | $168,000 |
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| American Indian or Alaskan Native |
2 | $55,000 |
$27,000 | $40,000 |
$55,000 | $78,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $88,000 |
$44,000 | $72,000 |
$53,000 | $59,000 |
| Hispanic |
4 | $105,000 |
$26,000 | $40,000 |
$63,000 | $87,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $31,000 |
$15,000 | $26,000 |
$66,000 | $73,000 |
| White |
192 | $6,864,000 |
$35,000 | $235,000 |
$69,000 | $1,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
202 | $7,143,000 |
$35,000 | $235,000 |
$68,000 | $1,000,000 |
| 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 |
1 | $50,000 |
$50,000 | $50,000 |
$30,000 | $30,000 |
| Application Denied By Financial Institution |
15 | $702,000 |
$46,000 | $212,000 |
$61,000 | $168,000 |
| Application Withdrawn By Applicant |
5 | $178,000 |
$35,000 | $60,000 |
$253,000 | $1,000,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
181 | $6,213,000 |
$34,000 | $235,000 |
$64,000 | $222,000 |
| 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 |
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) |
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 VALLEY FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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