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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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BELMONT SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BELMONT SAVINGS BANK |
| Address | 448 COMMON STREET
BELMONT, MA 02474 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 138 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $52,216,000 |
| Average Mortgage Loan Amount Applied For | $451,800 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $216,200 |
| Highest Applicant Income | $1,763,000 |
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| Home Improvement |
28 | $4,713,000 |
$168,000 | $500,000 |
$122,000 | $428,000 |
| Home Purchase |
65 | $30,459,000 |
$468,000 | $2,000,000 |
$174,000 | $1,763,000 |
| Refinancing |
45 | $17,044,000 |
$378,000 | $1,208,000 |
$138,000 | $636,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $2,561,000 |
$426,000 | $940,000 |
$181,000 | $295,000 |
| Black or African American |
1 | $167,000 |
$167,000 | $167,000 |
$12,000 | $12,000 |
| Hispanic |
5 | $2,240,000 |
$448,000 | $594,000 |
$125,000 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $4,232,000 |
$604,000 | $1,208,000 |
$0 | $0 |
| Not Provided |
4 | $3,270,000 |
$817,000 | $2,000,000 |
$587,000 | $1,763,000 |
| White |
115 | $39,746,000 |
$345,000 | $1,120,000 |
$147,000 | $800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
138 | $52,216,000 |
$378,000 | $2,000,000 |
$152,000 | $1,763,000 |
| 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 |
6 | $1,593,000 |
$265,000 | $460,000 |
$213,000 | $636,000 |
| Application Denied By Financial Institution |
10 | $3,085,000 |
$308,000 | $632,000 |
$69,000 | $184,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
2 | $930,000 |
$465,000 | $550,000 |
$189,000 | $300,000 |
| Loan Originated |
120 | $46,608,000 |
$388,000 | $2,000,000 |
$155,000 | $1,763,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
5 | $1,461,000 |
$292,000 | $632,000 |
$59,000 | $82,000 |
| Employment History |
1 | $550,000 |
$550,000 | $550,000 |
$83,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $1,074,000 |
$268,000 | $515,000 |
$78,000 | $184,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for BELMONT SAVINGS BANK by:
Metropolitan Area And
County
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