Nfcu
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Nfcu
820 Follin Lane
Vienna, VA 22180
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 115,141
Total Mortgage Loan Application Amount $23,595,458,000
Average Mortgage Loan Application Amount $144,273
Highest Mortgage Loan Application Amount $32,600,000
Average Applicant Income $87,449
Highest Applicant Income $9,999,000
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Mortgage Loan Application Detail Totals for Nfcu in 2016

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 109,388 $27,108,913,000 $247,000 $2,520,000 $86,000 $6,045,000
Refinancing 42,931 $11,038,423,000 $257,000 $32,600,000 $112,000 $9,999,000
Home Improvement 25,781 $591,957,000 $22,000 $500,000 $91,000 $7,438,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 86,432 $19,272,619,000 $222,000 $2,520,000 $98,000 $9,999,000
Black or African American 37,951 $6,967,870,000 $183,000 $1,980,000 $82,000 $6,045,000
Not Provided 21,868 $5,078,468,000 $232,000 $2,000,000 $99,000 $9,999,000
Hispanic 19,003 $4,031,522,000 $212,000 $1,600,000 $83,000 $5,348,000
Asian 8,416 $2,399,486,000 $285,000 $2,000,000 $99,000 $1,994,000
American Indian or Alaskan Native 2,405 $467,781,000 $194,000 $1,386,000 $82,000 $4,261,000
Native Hawaiin or Other Pacific Islander 1,897 $465,982,000 $245,000 $1,800,000 $93,000 $693,000
Not applicable 128 $55,565,000 $434,000 $32,600,000 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 102,917 $19,878,273,000 $193,000 $32,600,000 $98,000 $9,999,000
VA-guaranteed (Veterans Administration) 67,365 $17,283,668,000 $256,000 $2,000,000 $87,000 $4,710,000
FHA-insured (Federal Housing Administration) 7,818 $1,577,352,000 $201,000 $790,000 $70,000 $1,320,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 64,281 $13,143,888,000 $204,000 $2,000,000 $102,000 $2,659,000
Preapproval Denied by Financial Institution 41,997 $9,328,579,000 $222,000 $2,000,000 $69,000 $6,045,000
Application Denied By Financial Institution 31,098 $5,469,754,000 $175,000 $2,000,000 $90,000 $5,348,000
Preapproval Approved but not Accepted 20,926 $5,806,854,000 $277,000 $2,520,000 $95,000 $4,320,000
Application Withdrawn By Applicant 17,803 $4,503,390,000 $252,000 $32,600,000 $116,000 $9,999,000
Application Approved But Not Accepted 1,917 $468,954,000 $244,000 $1,500,000 $106,000 $2,335,000
Loan Purchased By The Institution 76 $17,140,000 $225,000 $549,000 $75,000 $293,000
File Closed For Incompleteness 2 $734,000 $367,000 $459,000 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Debt-To-Income Ratio 20,942 $4,809,579,000 $229,000 $2,000,000 $57,000 $608,000
Credit History 19,126 $3,424,421,000 $179,000 $1,800,000 $80,000 $1,350,000
Other 15,345 $2,563,444,000 $167,000 $1,400,000 $87,000 $6,045,000
Credit Application Incomplete 9,882 $2,336,295,000 $236,000 $1,865,000 $98,000 $3,564,000
Collateral 3,059 $646,855,000 $211,000 $1,400,000 $108,000 $1,810,000
Insufficient Cash (Downpayment, Closing Cost) 1,858 $433,926,000 $233,000 $2,000,000 $86,000 $1,320,000
Employment History 1,521 $302,144,000 $198,000 $1,000,000 $51,000 $454,000
Unverifiable Information 1,362 $281,669,000 $206,000 $1,511,000 $70,000 $1,584,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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