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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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GARDINER SAVINGS INSTITUTION
Mortgage Loans and Application Details
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| Mortgage Company Name |
GARDINER SAVINGS INSTITUTION |
| Address | 190 WATER STREET
GARDINER, ME 04345 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 722 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $106,770,000 |
| Average Mortgage Loan Amount Applied For | $146,687 |
| Highest Mortgage Loan Amount Applied For | $7,200,000 |
| Average Applicant Income | $74,625 |
| Highest Applicant Income | $914,000 |
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| Home Improvement |
101 | $19,770,000 |
$195,000 | $7,200,000 |
$79,000 | $914,000 |
| Home Purchase |
288 | $41,273,000 |
$143,000 | $1,134,000 |
$61,000 | $754,000 |
| Refinancing |
333 | $45,727,000 |
$137,000 | $1,500,000 |
$58,000 | $366,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $265,000 |
$132,000 | $150,000 |
$32,000 | $45,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
22 | $4,184,000 |
$190,000 | $1,500,000 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
698 | $102,321,000 |
$146,000 | $7,200,000 |
$64,000 | $914,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
701 | $103,776,000 |
$148,000 | $7,200,000 |
$62,000 | $914,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
13 | $1,511,000 |
$116,000 | $178,000 |
$31,000 | $45,000 |
| VA-guaranteed (Veterans Administration) |
8 | $1,483,000 |
$185,000 | $365,000 |
$60,000 | $118,000 |
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| Application Approved But Not Accepted |
30 | $3,823,000 |
$127,000 | $300,000 |
$58,000 | $196,000 |
| Application Denied By Financial Institution |
109 | $13,863,000 |
$127,000 | $417,000 |
$46,000 | $125,000 |
| Application Withdrawn By Applicant |
26 | $3,223,000 |
$123,000 | $350,000 |
$55,000 | $282,000 |
| File Closed For Incompleteness |
5 | $560,000 |
$112,000 | $170,000 |
$45,000 | $81,000 |
| Loan Originated |
552 | $85,301,000 |
$154,000 | $7,200,000 |
$66,000 | $914,000 |
| 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 |
21 | $3,243,000 |
$154,000 | $348,000 |
$53,000 | $125,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
44 | $4,856,000 |
$110,000 | $232,000 |
$51,000 | $117,000 |
| Debt-To-Income Ratio |
29 | $4,303,000 |
$148,000 | $417,000 |
$43,000 | $111,000 |
| Employment History |
5 | $231,000 |
$46,000 | $106,000 |
$15,000 | $34,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $303,000 |
$303,000 | $303,000 |
$82,000 | $82,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $602,000 |
$100,000 | $199,000 |
$40,000 | $57,000 |
| Unverifiable Information |
3 | $325,000 |
$108,000 | $165,000 |
$26,000 | $80,000 |
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Mortgage Loan App Totals for GARDINER SAVINGS INSTITUTION by:
Metropolitan Area And
County
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