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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 FIRST CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
VALLEY FIRST CREDIT UNION |
| Address | 1419 J STREET
MODESTO, CA 95354 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 488 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $43,520,000 |
| Average Mortgage Loan Amount Applied For | $106,312 |
| Highest Mortgage Loan Amount Applied For | $679,000 |
| Average Applicant Income | $94,312 |
| Highest Applicant Income | $403,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
19 | $4,726,000 |
$248,000 | $679,000 |
$103,000 | $165,000 |
| Refinancing |
469 | $38,794,000 |
$82,000 | $640,000 |
$81,000 | $403,000 |
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| American Indian or Alaskan Native |
1 | $65,000 |
$65,000 | $65,000 |
$73,000 | $73,000 |
| Asian |
19 | $1,579,000 |
$83,000 | $336,000 |
$82,000 | $162,000 |
| Black or African American |
6 | $525,000 |
$87,000 | $328,000 |
$109,000 | $132,000 |
| Hispanic |
113 | $8,725,000 |
$77,000 | $378,000 |
$68,000 | $199,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $648,000 |
$81,000 | $204,000 |
$69,000 | $101,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $960,000 |
$137,000 | $300,000 |
$101,000 | $152,000 |
| White |
334 | $31,018,000 |
$92,000 | $679,000 |
$86,000 | $403,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
488 | $43,520,000 |
$89,000 | $679,000 |
$82,000 | $403,000 |
| 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 |
8 | $942,000 |
$117,000 | $500,000 |
$77,000 | $137,000 |
| Application Denied By Financial Institution |
56 | $4,918,000 |
$87,000 | $359,000 |
$65,000 | $169,000 |
| Application Withdrawn By Applicant |
68 | $9,464,000 |
$139,000 | $679,000 |
$75,000 | $179,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
356 | $28,196,000 |
$79,000 | $640,000 |
$86,000 | $403,000 |
| 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 |
6 | $397,000 |
$66,000 | $120,000 |
$103,000 | $151,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $170,000 |
$42,000 | $70,000 |
$104,000 | $169,000 |
| Debt-To-Income Ratio |
23 | $1,791,000 |
$77,000 | $359,000 |
$55,000 | $109,000 |
| Employment History |
1 | $20,000 |
$20,000 | $20,000 |
$26,000 | $26,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
2 | $50,000 |
$25,000 | $30,000 |
$88,000 | $92,000 |
| 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 FIRST CREDIT UNION by:
Metropolitan Area And
County
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