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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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FARMINGTON SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
FARMINGTON SAVINGS BANK |
| Address | 32 MAIN STREET
FARMINGTON, CT 06032 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 491 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $97,150,000 |
| Average Mortgage Loan Amount Applied For | $340,125 |
| Highest Mortgage Loan Amount Applied For | $3,600,000 |
| Average Applicant Income | $176,500 |
| Highest Applicant Income | $4,819,000 |
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| Home Improvement |
147 | $8,184,000 |
$55,000 | $960,000 |
$105,000 | $879,000 |
| Home Purchase |
173 | $44,119,000 |
$255,000 | $1,725,000 |
$171,000 | $4,819,000 |
| Refinancing |
182 | $46,970,000 |
$258,000 | $3,600,000 |
$207,000 | $4,038,000 |
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| American Indian or Alaskan Native |
1 | $20,000 |
$20,000 | $20,000 |
$81,000 | $81,000 |
| Asian |
15 | $4,660,000 |
$310,000 | $1,350,000 |
$121,000 | $449,000 |
| Black or African American |
8 | $3,130,000 |
$391,000 | $1,300,000 |
$127,000 | $320,000 |
| Hispanic |
3 | $389,000 |
$129,000 | $185,000 |
$91,000 | $137,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $169,000 |
$169,000 | $169,000 |
$63,000 | $63,000 |
| Not applicable |
4 | $4,550,000 |
$1,137,000 | $3,600,000 |
$37,000 | $150,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
470 | $86,355,000 |
$183,000 | $3,040,000 |
$169,000 | $4,819,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
484 | $96,448,000 |
$199,000 | $3,600,000 |
$169,000 | $4,819,000 |
| FHA-insured (Federal Housing Administration) |
18 | $2,825,000 |
$156,000 | $247,000 |
$52,000 | $81,000 |
| 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 |
20 | $6,135,000 |
$306,000 | $1,500,000 |
$693,000 | $4,038,000 |
| Application Denied By Financial Institution |
30 | $2,848,000 |
$94,000 | $350,000 |
$75,000 | $235,000 |
| Application Withdrawn By Applicant |
24 | $5,207,000 |
$216,000 | $710,000 |
$125,000 | $672,000 |
| File Closed For Incompleteness |
1 | $230,000 |
$230,000 | $230,000 |
$97,000 | $97,000 |
| Loan Originated |
419 | $83,410,000 |
$199,000 | $3,600,000 |
$150,000 | $4,819,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $100,000 |
$100,000 | $100,000 |
$65,000 | $65,000 |
| Preapproval Denied by Financial Institution |
7 | $1,343,000 |
$191,000 | $238,000 |
$80,000 | $180,000 |
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| Collateral |
9 | $455,000 |
$50,000 | $100,000 |
$105,000 | $235,000 |
| Credit Application Incomplete |
3 | $330,000 |
$110,000 | $120,000 |
$74,000 | $146,000 |
| Credit History |
13 | $1,919,000 |
$147,000 | $350,000 |
$72,000 | $180,000 |
| Debt-To-Income Ratio |
9 | $1,125,000 |
$125,000 | $250,000 |
$64,000 | $100,000 |
| Employment History |
1 | $273,000 |
$273,000 | $273,000 |
$52,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $69,000 |
$69,000 | $69,000 |
$54,000 | $54,000 |
| Unverifiable Information |
1 | $20,000 |
$20,000 | $20,000 |
$36,000 | $36,000 |
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Mortgage Loan App Totals for FARMINGTON SAVINGS BANK by:
Metropolitan Area And
County
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