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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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BIDDEFORD SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
BIDDEFORD SAVINGS BANK |
| Address | 254 MAIN ST
BIDDEFORD, ME 04005 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 431 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,201,000 |
| Average Mortgage Loan Amount Applied For | $120,000 |
| Highest Mortgage Loan Amount Applied For | $700,000 |
| Average Applicant Income | $257,000 |
| Highest Applicant Income | $797,000 |
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| Home Improvement |
120 | $7,529,000 |
$62,000 | $300,000 |
$77,000 | $405,000 |
| Home Purchase |
206 | $32,751,000 |
$158,000 | $700,000 |
$78,000 | $797,000 |
| Refinancing |
110 | $13,720,000 |
$124,000 | $351,000 |
$68,000 | $220,000 |
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| American Indian or Alaskan Native |
1 | $32,000 |
$32,000 | $32,000 |
$28,000 | $28,000 |
| Asian |
8 | $1,364,000 |
$170,000 | $400,000 |
$97,000 | $219,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $240,000 |
$120,000 | $145,000 |
$57,000 | $58,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
19 | $2,663,000 |
$140,000 | $218,000 |
$116,000 | $246,000 |
| Not Provided |
21 | $2,279,000 |
$108,000 | $315,000 |
$68,000 | $138,000 |
| White |
385 | $47,422,000 |
$123,000 | $700,000 |
$73,000 | $797,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
436 | $54,000,000 |
$123,000 | $700,000 |
$75,000 | $797,000 |
| 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 |
2 | $238,000 |
$119,000 | $188,000 |
$59,000 | $87,000 |
| Application Denied By Financial Institution |
34 | $3,599,000 |
$105,000 | $235,000 |
$47,000 | $89,000 |
| Application Withdrawn By Applicant |
43 | $5,692,000 |
$132,000 | $370,000 |
$59,000 | $159,000 |
| File Closed For Incompleteness |
3 | $533,000 |
$177,000 | $265,000 |
$57,000 | $72,000 |
| Loan Originated |
354 | $43,938,000 |
$124,000 | $700,000 |
$80,000 | $797,000 |
| 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 |
1 | $20,000 |
$20,000 | $20,000 |
$53,000 | $53,000 |
| Credit Application Incomplete |
1 | $137,000 |
$137,000 | $137,000 |
$65,000 | $65,000 |
| Credit History |
21 | $1,943,000 |
$92,000 | $210,000 |
$47,000 | $89,000 |
| Debt-To-Income Ratio |
8 | $1,141,000 |
$142,000 | $235,000 |
$43,000 | $69,000 |
| 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 |
2 | $169,000 |
$84,000 | $149,000 |
$50,000 | $62,000 |
| Unverifiable Information |
1 | $189,000 |
$189,000 | $189,000 |
$56,000 | $56,000 |
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Mortgage Loan App Totals for BIDDEFORD SAVINGS BANK by:
Metropolitan Area And
County
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