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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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VERIDIAN CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
VERIDIAN CREDIT UNION |
| Address | PO BOX 6000
WATERLOO, IA 50704 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 1,678 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $177,325,000 |
| Average Mortgage Loan Amount Applied For | $104,215 |
| Highest Mortgage Loan Amount Applied For | $607,000 |
| Average Applicant Income | $62,666 |
| Highest Applicant Income | $325,000 |
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| Home Improvement |
55 | $985,000 |
$17,000 | $143,000 |
$55,000 | $122,000 |
| Home Purchase |
1,441 | $154,431,000 |
$107,000 | $607,000 |
$61,000 | $325,000 |
| Refinancing |
343 | $38,756,000 |
$112,000 | $376,000 |
$62,000 | $187,000 |
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| American Indian or Alaskan Native |
5 | $467,000 |
$93,000 | $140,000 |
$43,000 | $56,000 |
| Asian |
7 | $957,000 |
$136,000 | $243,000 |
$57,000 | $114,000 |
| Black or African American |
34 | $2,900,000 |
$85,000 | $166,000 |
$51,000 | $134,000 |
| Hispanic |
11 | $988,000 |
$89,000 | $165,000 |
$49,000 | $96,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $152,000 |
$152,000 | $152,000 |
$60,000 | $60,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
115 | $9,503,000 |
$82,000 | $396,000 |
$59,000 | $227,000 |
| White |
1,666 | $179,205,000 |
$107,000 | $607,000 |
$61,000 | $325,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,812 | $191,180,000 |
$105,000 | $607,000 |
$61,000 | $325,000 |
| FHA-insured (Federal Housing Administration) |
6 | $538,000 |
$89,000 | $110,000 |
$40,000 | $61,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
21 | $2,454,000 |
$116,000 | $271,000 |
$50,000 | $100,000 |
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| Application Approved But Not Accepted |
193 | $20,875,000 |
$108,000 | $396,000 |
$52,000 | $227,000 |
| Application Denied By Financial Institution |
98 | $10,411,000 |
$106,000 | $272,000 |
$47,000 | $142,000 |
| Application Withdrawn By Applicant |
130 | $15,355,000 |
$118,000 | $333,000 |
$55,000 | $226,000 |
| File Closed For Incompleteness |
1 | $59,000 |
$59,000 | $59,000 |
$28,000 | $28,000 |
| Loan Originated |
1,417 | $147,472,000 |
$104,000 | $607,000 |
$64,000 | $325,000 |
| 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 |
9 | $679,000 |
$75,000 | $160,000 |
$38,000 | $60,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
57 | $5,504,000 |
$96,000 | $272,000 |
$46,000 | $142,000 |
| Debt-To-Income Ratio |
18 | $2,557,000 |
$142,000 | $248,000 |
$52,000 | $96,000 |
| Employment History |
1 | $201,000 |
$201,000 | $201,000 |
$48,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $267,000 |
$89,000 | $158,000 |
$48,000 | $85,000 |
| Unverifiable Information |
1 | $115,000 |
$115,000 | $115,000 |
$44,000 | $44,000 |
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Mortgage Loan App Totals for VERIDIAN CREDIT UNION by:
Metropolitan Area And
County
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