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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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WORKERS' CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WORKERS' CREDIT UNION |
| Address | 815 MAIN ST
FITCHBURG, MA 01420 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 699 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $61,466,000 |
| Average Mortgage Loan Amount Applied For | $74,450 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $72,600 |
| Highest Applicant Income | $289,000 |
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| Home Improvement |
501 | $25,367,000 |
$50,000 | $500,000 |
$69,000 | $289,000 |
| Home Purchase |
80 | $13,137,000 |
$164,000 | $400,000 |
$67,000 | $144,000 |
| Refinancing |
118 | $22,962,000 |
$194,000 | $460,000 |
$67,000 | $179,000 |
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| American Indian or Alaskan Native |
1 | $8,000 |
$8,000 | $8,000 |
$55,000 | $55,000 |
| Asian |
11 | $1,098,000 |
$99,000 | $241,000 |
$91,000 | $289,000 |
| Black or African American |
14 | $1,020,000 |
$72,000 | $227,000 |
$65,000 | $101,000 |
| Hispanic |
19 | $1,179,000 |
$62,000 | $285,000 |
$52,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $50,000 |
$50,000 | $50,000 |
$44,000 | $44,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
653 | $58,111,000 |
$88,000 | $500,000 |
$68,000 | $218,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
699 | $61,466,000 |
$87,000 | $500,000 |
$68,000 | $289,000 |
| 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 |
32 | $3,707,000 |
$115,000 | $424,000 |
$80,000 | $218,000 |
| Application Denied By Financial Institution |
85 | $8,397,000 |
$98,000 | $400,000 |
$60,000 | $160,000 |
| Application Withdrawn By Applicant |
29 | $5,112,000 |
$176,000 | $500,000 |
$71,000 | $179,000 |
| File Closed For Incompleteness |
21 | $2,358,000 |
$112,000 | $360,000 |
$77,000 | $168,000 |
| Loan Originated |
532 | $41,892,000 |
$78,000 | $460,000 |
$68,000 | $289,000 |
| 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 |
20 | $1,434,000 |
$71,000 | $326,000 |
$73,000 | $160,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
25 | $3,431,000 |
$137,000 | $400,000 |
$71,000 | $138,000 |
| Debt-To-Income Ratio |
40 | $3,532,000 |
$88,000 | $325,000 |
$46,000 | $124,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 WORKERS' CREDIT UNION by:
Metropolitan Area And
County
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