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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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WANIGAS FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WANIGAS FEDERAL CREDIT UNION |
| Address | 4026 SHATTUCK RD
SAGINAW, MI 48603 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 118 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,856,000 |
| Average Mortgage Loan Amount Applied For | $96,818 |
| Highest Mortgage Loan Amount Applied For | $270,000 |
| Average Applicant Income | $61,000 |
| Highest Applicant Income | $133,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
119 | $10,522,000 |
$88,000 | $200,000 |
$48,000 | $133,000 |
| Refinancing |
87 | $8,356,000 |
$96,000 | $270,000 |
$52,000 | $105,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
48 | $4,105,000 |
$85,000 | $270,000 |
$46,000 | $119,000 |
| Hispanic |
14 | $1,336,000 |
$95,000 | $170,000 |
$55,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
9 | $774,000 |
$86,000 | $185,000 |
$50,000 | $87,000 |
| White |
135 | $12,663,000 |
$93,000 | $208,000 |
$50,000 | $133,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
206 | $18,878,000 |
$91,000 | $270,000 |
$49,000 | $133,000 |
| 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 |
25 | $2,359,000 |
$94,000 | $270,000 |
$50,000 | $110,000 |
| Application Denied By Financial Institution |
59 | $5,481,000 |
$92,000 | $224,000 |
$47,000 | $105,000 |
| Application Withdrawn By Applicant |
4 | $495,000 |
$123,000 | $208,000 |
$37,000 | $78,000 |
| File Closed For Incompleteness |
2 | $157,000 |
$78,000 | $80,000 |
$33,000 | $41,000 |
| Loan Originated |
68 | $5,928,000 |
$87,000 | $180,000 |
$54,000 | $133,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
27 | $2,638,000 |
$97,000 | $200,000 |
$52,000 | $103,000 |
| Preapproval Denied by Financial Institution |
21 | $1,820,000 |
$86,000 | $190,000 |
$38,000 | $86,000 |
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| Collateral |
4 | $295,000 |
$73,000 | $114,000 |
$34,000 | $52,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
54 | $4,956,000 |
$91,000 | $224,000 |
$49,000 | $105,000 |
| Debt-To-Income Ratio |
19 | $1,834,000 |
$96,000 | $185,000 |
$40,000 | $76,000 |
| Employment History |
1 | $135,000 |
$135,000 | $135,000 |
$20,000 | $20,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $24,000 |
$24,000 | $24,000 |
$10,000 | $10,000 |
| 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 WANIGAS FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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