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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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1ST NATIONAL BK OF LITCHFIELD
Mortgage Loans and Application Details
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| Mortgage Company Name |
1ST NATIONAL BK OF LITCHFIELD |
| Address | 13 NORTH STREET
LITCHFIELD, CT 06759 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 208 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $59,309,000 |
| Average Mortgage Loan Amount Applied For | $516,444 |
| Highest Mortgage Loan Amount Applied For | $3,360,000 |
| Average Applicant Income | $620,000 |
| Highest Applicant Income | $4,464,000 |
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| Home Improvement |
25 | $2,495,000 |
$99,000 | $390,000 |
$102,000 | $350,000 |
| Home Purchase |
90 | $33,733,000 |
$374,000 | $1,995,000 |
$181,000 | $4,464,000 |
| Refinancing |
93 | $23,081,000 |
$248,000 | $3,360,000 |
$132,000 | $1,279,000 |
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| American Indian or Alaskan Native |
1 | $170,000 |
$170,000 | $170,000 |
$89,000 | $89,000 |
| Asian |
2 | $920,000 |
$460,000 | $700,000 |
$0 | $0 |
| Black or African American |
2 | $90,000 |
$45,000 | $80,000 |
$22,000 | $44,000 |
| Hispanic |
2 | $804,000 |
$402,000 | $700,000 |
$109,000 | $166,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
2 | $300,000 |
$150,000 | $180,000 |
$201,000 | $322,000 |
| Not Provided |
7 | $1,167,000 |
$166,000 | $332,000 |
$80,000 | $134,000 |
| White |
192 | $55,858,000 |
$290,000 | $3,360,000 |
$155,000 | $4,464,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
208 | $59,309,000 |
$285,000 | $3,360,000 |
$150,000 | $4,464,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
17 | $4,281,000 |
$251,000 | $730,000 |
$81,000 | $288,000 |
| Application Withdrawn By Applicant |
21 | $4,798,000 |
$228,000 | $475,000 |
$90,000 | $370,000 |
| File Closed For Incompleteness |
2 | $892,000 |
$446,000 | $642,000 |
$47,000 | $95,000 |
| Loan Originated |
166 | $49,108,000 |
$295,000 | $3,360,000 |
$167,000 | $4,464,000 |
| 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 |
2 | $230,000 |
$115,000 | $220,000 |
$0 | $0 |
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| Collateral |
2 | $964,000 |
$482,000 | $500,000 |
$56,000 | $113,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $135,000 |
$67,000 | $125,000 |
$23,000 | $47,000 |
| Debt-To-Income Ratio |
4 | $929,000 |
$232,000 | $380,000 |
$78,000 | $101,000 |
| Employment History |
1 | $300,000 |
$300,000 | $300,000 |
$134,000 | $134,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $1,453,000 |
$161,000 | $416,000 |
$54,000 | $142,000 |
| Unverifiable Information |
1 | $730,000 |
$730,000 | $730,000 |
$288,000 | $288,000 |
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Mortgage Loan App Totals for 1ST NATIONAL BK OF LITCHFIELD by:
Metropolitan Area And
County
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