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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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VERMONT FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
VERMONT FEDERAL CREDIT UNION |
| Address | 84 PINE STREET
BURLINGTON, VT 05402 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 356 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,117,000 |
| Average Mortgage Loan Amount Applied For | $104,333 |
| Highest Mortgage Loan Amount Applied For | $550,000 |
| Average Applicant Income | $64,250 |
| Highest Applicant Income | $208,000 |
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| Home Improvement |
143 | $10,012,000 |
$70,000 | $550,000 |
$77,000 | $208,000 |
| Home Purchase |
252 | $38,598,000 |
$153,000 | $365,000 |
$55,000 | $186,000 |
| Refinancing |
83 | $12,018,000 |
$144,000 | $451,000 |
$58,000 | $201,000 |
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| American Indian or Alaskan Native |
4 | $361,000 |
$90,000 | $163,000 |
$36,000 | $49,000 |
| Asian |
7 | $1,082,000 |
$154,000 | $200,000 |
$49,000 | $65,000 |
| Black or African American |
5 | $437,000 |
$87,000 | $188,000 |
$48,000 | $77,000 |
| Hispanic |
5 | $826,000 |
$165,000 | $225,000 |
$41,000 | $55,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
74 | $11,173,000 |
$150,000 | $442,000 |
$62,000 | $186,000 |
| White |
383 | $46,749,000 |
$122,000 | $550,000 |
$63,000 | $208,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
478 | $60,628,000 |
$126,000 | $550,000 |
$62,000 | $208,000 |
| 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 |
5 | $734,000 |
$146,000 | $180,000 |
$60,000 | $83,000 |
| Application Denied By Financial Institution |
87 | $11,744,000 |
$134,000 | $345,000 |
$44,000 | $116,000 |
| Application Withdrawn By Applicant |
143 | $22,908,000 |
$160,000 | $365,000 |
$59,000 | $186,000 |
| File Closed For Incompleteness |
6 | $1,028,000 |
$171,000 | $313,000 |
$62,000 | $95,000 |
| Loan Originated |
237 | $24,214,000 |
$102,000 | $550,000 |
$70,000 | $208,000 |
| 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 | $792,000 |
$132,000 | $252,000 |
$56,000 | $100,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
30 | $3,562,000 |
$118,000 | $260,000 |
$51,000 | $116,000 |
| Debt-To-Income Ratio |
31 | $4,440,000 |
$143,000 | $345,000 |
$38,000 | $77,000 |
| Employment History |
2 | $248,000 |
$124,000 | $140,000 |
$36,000 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $749,000 |
$149,000 | $189,000 |
$37,000 | $49,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,394,000 |
$174,000 | $220,000 |
$36,000 | $55,000 |
| Unverifiable Information |
2 | $314,000 |
$157,000 | $179,000 |
$20,000 | $40,000 |
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Mortgage Loan App Totals for VERMONT FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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