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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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WASHINGTON'S CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WASHINGTON'S CREDIT UNION |
| Address | P.O. BOX 2370
LYNNWOOD, WA 98036 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,121 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $151,583,000 |
| Average Mortgage Loan Amount Applied For | $103,208 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $55,666 |
| Highest Applicant Income | $468,000 |
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| Home Improvement (one-to-four family) |
3 | $560,000 |
$186,000 | $286,000 |
$101,000 | $152,000 |
| Home Purchase (one-to-four family) |
179 | $30,063,000 |
$167,500 | $500,000 |
$59,000 | $600,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,037 | $136,593,000 |
$106,800 | $500,000 |
$62,800 | $468,000 |
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| American Indian or Alaskan Native |
3 | $497,000 |
$192,000 | $271,000 |
$60,500 | $74,000 |
| Asian or Pacific Islander |
47 | $7,623,000 |
$171,000 | $380,000 |
$76,500 | $221,000 |
| Black |
18 | $2,186,000 |
$112,000 | $225,000 |
$50,000 | $103,000 |
| Hispanic |
31 | $4,419,000 |
$166,500 | $323,000 |
$75,000 | $139,000 |
| Information not provided by applicant in mail or telephone application |
146 | $19,412,000 |
$155,500 | $500,000 |
$59,500 | $189,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,289,000 |
$170,000 | $260,000 |
$56,000 | $89,000 |
| White |
966 | $131,790,000 |
$109,800 | $500,000 |
$59,400 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,219 | $167,216,000 |
$111,600 | $500,000 |
$60,200 | $600,000 |
| 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 |
10 | $1,918,000 |
$178,500 | $322,000 |
$106,000 | $600,000 |
| Application Denied By Financial Institution |
173 | $22,962,000 |
$122,333 | $333,000 |
$58,333 | $302,000 |
| Application Withdrawn By Applicant |
326 | $48,275,000 |
$159,500 | $500,000 |
$61,000 | $213,000 |
| File Closed For Incompleteness |
21 | $3,694,000 |
$175,000 | $322,000 |
$60,500 | $130,000 |
| Loan Originated |
689 | $90,367,000 |
$103,200 | $469,000 |
$57,800 | $468,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $445,000 |
$148,000 | $185,000 |
$39,000 | $62,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $1,509,000 |
$138,666 | $300,000 |
$69,666 | $133,000 |
| Debt-To-Income Ratio |
6 | $689,000 |
$106,000 | $170,000 |
$27,000 | $133,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $290,000 |
$145,000 | $170,000 |
$56,000 | $56,000 |
| 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 WASHINGTON'S CREDIT UNION by:
Metropolitan Area And
County
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