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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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WESTERLY COMMUNITY CU
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERLY COMMUNITY CU |
| Address | 122 GRANITE ST
WESTERLY, RI 02891 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 312 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,801,000 |
| Average Mortgage Loan Amount Applied For | $120,000 |
| Highest Mortgage Loan Amount Applied For | $530,000 |
| Average Applicant Income | $77,666 |
| Highest Applicant Income | $489,000 |
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| Home Improvement |
113 | $4,815,000 |
$42,000 | $160,000 |
$66,000 | $156,000 |
| Home Purchase |
50 | $11,151,000 |
$223,000 | $400,000 |
$113,000 | $489,000 |
| Refinancing |
149 | $13,835,000 |
$92,000 | $530,000 |
$75,000 | $337,000 |
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| American Indian or Alaskan Native |
2 | $110,000 |
$55,000 | $80,000 |
$54,000 | $66,000 |
| Asian |
2 | $225,000 |
$112,000 | $190,000 |
$36,000 | $43,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $287,000 |
$143,000 | $230,000 |
$14,000 | $28,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $283,000 |
$70,000 | $150,000 |
$77,000 | $110,000 |
| White |
302 | $28,896,000 |
$95,000 | $530,000 |
$79,000 | $489,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
311 | $29,756,000 |
$95,000 | $530,000 |
$78,000 | $489,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $45,000 |
$45,000 | $45,000 |
$100,000 | $100,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
20 | $2,364,000 |
$118,000 | $510,000 |
$67,000 | $195,000 |
| Application Denied By Financial Institution |
27 | $1,717,000 |
$63,000 | $270,000 |
$48,000 | $124,000 |
| Application Withdrawn By Applicant |
7 | $535,000 |
$76,000 | $125,000 |
$52,000 | $75,000 |
| File Closed For Incompleteness |
4 | $200,000 |
$50,000 | $100,000 |
$54,000 | $74,000 |
| Loan Originated |
254 | $24,985,000 |
$98,000 | $530,000 |
$83,000 | $489,000 |
| 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 |
4 | $107,000 |
$26,000 | $45,000 |
$73,000 | $124,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $416,000 |
$52,000 | $185,000 |
$44,000 | $113,000 |
| Debt-To-Income Ratio |
12 | $1,128,000 |
$94,000 | $270,000 |
$47,000 | $81,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $66,000 |
$22,000 | $23,000 |
$31,000 | $35,000 |
| 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 WESTERLY COMMUNITY CU by:
Metropolitan Area And
County
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