|
| Location |
Franklin County ME
• Apply Here |
| Year | 2008 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Applications | 1,483 |
| Total Amount of All Mortgage Loans Applied For | $197,212,000 |
| Average Mortgage Loan Amount Applied For | $132,000 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $85,000 |
| Highest Applicant Income | $1,275,000 |
|
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|
| Home Improvement |
196 | $9,589,000 |
$48,000 | $241,000 |
$51,000 | $251,000 |
| Home Purchase |
441 | $65,464,000 |
$148,000 | $700,000 |
$111,000 | $1,275,000 |
| Refinancing |
846 | $122,159,000 |
$144,000 | $638,000 |
$80,000 | $822,000 |
|
| American Indian or Alaskan Native |
4 | $215,000 |
$53,000 | $108,000 |
$39,000 | $65,000 |
| Asian |
5 | $1,286,000 |
$257,000 | $390,000 |
$159,000 | $239,000 |
| Black or African American |
1 | $70,000 |
$70,000 | $70,000 |
$22,000 | $22,000 |
| Hispanic |
9 | $1,082,000 |
$120,000 | $270,000 |
$84,000 | $250,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
116 | $18,402,000 |
$158,000 | $549,000 |
$19,000 | $265,000 |
| Not Provided |
119 | $18,203,000 |
$152,000 | $417,000 |
$111,000 | $641,000 |
| White |
1,229 | $157,954,000 |
$128,000 | $700,000 |
$89,000 | $1,275,000 |
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,241 | $163,470,000 |
$131,000 | $700,000 |
$92,000 | $1,275,000 |
| FHA-insured (Federal Housing Administration) |
184 | $26,845,000 |
$145,000 | $279,000 |
$59,000 | $616,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
33 | $3,483,000 |
$105,000 | $254,000 |
$28,000 | $90,000 |
| VA-guaranteed (Veterans Administration) |
25 | $3,414,000 |
$136,000 | $190,000 |
$39,000 | $113,000 |
|
| Application Approved But Not Accepted |
100 | $12,897,000 |
$128,000 | $417,000 |
$77,000 | $492,000 |
| Application Denied By Financial Institution |
376 | $43,548,000 |
$115,000 | $400,000 |
$71,000 | $625,000 |
| Application Withdrawn By Applicant |
103 | $15,593,000 |
$151,000 | $437,000 |
$99,000 | $1,275,000 |
| File Closed For Incompleteness |
58 | $7,456,000 |
$128,000 | $360,000 |
$74,000 | $377,000 |
| Loan Originated |
656 | $88,744,000 |
$135,000 | $700,000 |
$102,000 | $987,000 |
| Loan Purchased By The Institution |
190 | $28,974,000 |
$152,000 | $417,000 |
$59,000 | $822,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
| Collateral |
55 | $8,322,000 |
$151,000 | $400,000 |
$97,000 | $550,000 |
| Credit Application Incomplete |
26 | $3,491,000 |
$134,000 | $342,000 |
$84,000 | $315,000 |
| Credit History |
73 | $5,404,000 |
$74,000 | $394,000 |
$51,000 | $320,000 |
| Debt-To-Income Ratio |
55 | $5,638,000 |
$102,000 | $269,000 |
$41,000 | $258,000 |
| Employment History |
5 | $243,000 |
$48,000 | $100,000 |
$50,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $631,000 |
$157,000 | $260,000 |
$42,000 | $55,000 |
| Mortgage Insurance Denied |
1 | $147,000 |
$147,000 | $147,000 |
$128,000 | $128,000 |
| Other |
21 | $3,371,000 |
$160,000 | $375,000 |
$128,000 | $625,000 |
| Unverifiable Information |
7 | $1,241,000 |
$177,000 | $379,000 |
$132,000 | $364,000 |
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