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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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CHELSEA GROTON SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHELSEA GROTON SAVINGS BANK |
| Address | ONE FRANKLIN SQUARE
NORWICH, CT 06360 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 958 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $114,120,000 |
| Average Mortgage Loan Amount Applied For | $123,000 |
| Highest Mortgage Loan Amount Applied For | $1,600,000 |
| Average Applicant Income | $127,000 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
459 | $29,459,000 |
$64,000 | $462,000 |
$80,000 | $595,000 |
| Home Purchase |
204 | $46,051,000 |
$225,000 | $1,600,000 |
$196,000 | $9,999,000 |
| Refinancing |
320 | $43,324,000 |
$135,000 | $1,350,000 |
$94,000 | $720,000 |
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| American Indian or Alaskan Native |
4 | $491,000 |
$122,000 | $250,000 |
$66,000 | $94,000 |
| Asian |
25 | $3,136,000 |
$125,000 | $400,000 |
$77,000 | $229,000 |
| Black or African American |
17 | $2,077,000 |
$122,000 | $470,000 |
$66,000 | $242,000 |
| Hispanic |
19 | $2,253,000 |
$118,000 | $410,000 |
$58,000 | $232,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $861,000 |
$172,000 | $440,000 |
$81,000 | $117,000 |
| Not applicable |
8 | $2,728,000 |
$341,000 | $700,000 |
$2,807,000 | $9,999,000 |
| Not Provided |
4 | $846,000 |
$211,000 | $285,000 |
$77,000 | $102,000 |
| White |
901 | $106,442,000 |
$118,000 | $1,600,000 |
$88,000 | $1,109,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
968 | $116,167,000 |
$120,000 | $1,600,000 |
$109,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
11 | $1,904,000 |
$173,000 | $253,000 |
$54,000 | $93,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $325,000 |
$162,000 | $170,000 |
$41,000 | $51,000 |
| VA-guaranteed (Veterans Administration) |
2 | $438,000 |
$219,000 | $238,000 |
$40,000 | $48,000 |
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| Application Approved But Not Accepted |
37 | $4,445,000 |
$120,000 | $470,000 |
$88,000 | $310,000 |
| Application Denied By Financial Institution |
128 | $13,044,000 |
$101,000 | $500,000 |
$65,000 | $720,000 |
| Application Withdrawn By Applicant |
34 | $3,395,000 |
$99,000 | $305,000 |
$78,000 | $185,000 |
| File Closed For Incompleteness |
3 | $524,000 |
$174,000 | $190,000 |
$45,000 | $61,000 |
| Loan Originated |
757 | $92,876,000 |
$122,000 | $1,600,000 |
$120,000 | $9,999,000 |
| 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 |
24 | $4,550,000 |
$189,000 | $500,000 |
$48,000 | $114,000 |
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| Collateral |
14 | $1,917,000 |
$136,000 | $350,000 |
$80,000 | $143,000 |
| Credit Application Incomplete |
5 | $818,000 |
$163,000 | $225,000 |
$195,000 | $720,000 |
| Credit History |
52 | $4,860,000 |
$93,000 | $315,000 |
$60,000 | $132,000 |
| Debt-To-Income Ratio |
64 | $7,112,000 |
$111,000 | $500,000 |
$47,000 | $162,000 |
| Employment History |
3 | $617,000 |
$205,000 | $238,000 |
$76,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $353,000 |
$176,000 | $200,000 |
$94,000 | $96,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $723,000 |
$120,000 | $235,000 |
$72,000 | $101,000 |
| Unverifiable Information |
4 | $1,119,000 |
$279,000 | $500,000 |
$54,000 | $91,000 |
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Mortgage Loan App Totals for CHELSEA GROTON SAVINGS BANK by:
Metropolitan Area And
County
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