|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
VERITY CREDIT UNION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
VERITY CREDIT UNION |
| Address | P.O. BOX 75974
SEATTLE, WA 98175-0974 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 295 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,343,000 |
| Average Mortgage Loan Amount Applied For | $147,937 |
| Highest Mortgage Loan Amount Applied For | $921,000 |
| Average Applicant Income | $63,375 |
| Highest Applicant Income | $228,000 |
|
|
|
| Home Improvement |
69 | $3,784,000 |
$54,000 | $250,000 |
$102,000 | $196,000 |
| Home Purchase |
193 | $44,441,000 |
$230,000 | $600,000 |
$70,000 | $210,000 |
| Refinancing |
129 | $30,106,000 |
$233,000 | $921,000 |
$71,000 | $228,000 |
|
|
| American Indian or Alaskan Native |
9 | $1,700,000 |
$188,000 | $400,000 |
$90,000 | $179,000 |
| Asian |
18 | $4,534,000 |
$251,000 | $600,000 |
$85,000 | $173,000 |
| Black or African American |
35 | $6,917,000 |
$197,000 | $375,000 |
$65,000 | $188,000 |
| Hispanic |
10 | $1,766,000 |
$176,000 | $347,000 |
$58,000 | $91,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $546,000 |
$182,000 | $232,000 |
$55,000 | $86,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
40 | $7,363,000 |
$184,000 | $478,000 |
$86,000 | $192,000 |
| White |
276 | $55,505,000 |
$201,000 | $921,000 |
$76,000 | $228,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
391 | $78,331,000 |
$200,000 | $921,000 |
$76,000 | $228,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
21 | $5,249,000 |
$249,000 | $921,000 |
$69,000 | $145,000 |
| Application Denied By Financial Institution |
21 | $4,161,000 |
$198,000 | $347,000 |
$64,000 | $117,000 |
| Application Withdrawn By Applicant |
4 | $805,000 |
$201,000 | $285,000 |
$36,000 | $52,000 |
| File Closed For Incompleteness |
1 | $264,000 |
$264,000 | $264,000 |
$24,000 | $24,000 |
| Loan Originated |
241 | $44,965,000 |
$186,000 | $908,000 |
$83,000 | $228,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
86 | $19,252,000 |
$223,000 | $416,000 |
$69,000 | $210,000 |
| Preapproval Denied by Financial Institution |
17 | $3,635,000 |
$213,000 | $413,000 |
$52,000 | $135,000 |
|
|
| Collateral |
2 | $398,000 |
$199,000 | $220,000 |
$87,000 | $135,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
16 | $3,260,000 |
$203,000 | $413,000 |
$73,000 | $117,000 |
| Debt-To-Income Ratio |
13 | $2,834,000 |
$218,000 | $375,000 |
$35,000 | $59,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $409,000 |
$136,000 | $264,000 |
$47,000 | $68,000 |
| Mortgage Insurance Denied |
1 | $347,000 |
$347,000 | $347,000 |
$91,000 | $91,000 |
| Other |
3 | $548,000 |
$182,000 | $248,000 |
$66,000 | $110,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for VERITY CREDIT UNION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
