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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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GORHAM SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
GORHAM SAVINGS BANK |
| Address | 10 WENTWORTH DRIVE
GORHAM, ME 04038 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 736 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $82,514,000 |
| Average Mortgage Loan Amount Applied For | $62,000 |
| Highest Mortgage Loan Amount Applied For | $4,900,000 |
| Average Applicant Income | $44,625 |
| Highest Applicant Income | $1,079,000 |
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| Home Improvement |
191 | $12,200,000 |
$63,000 | $400,000 |
$73,000 | $1,079,000 |
| Home Purchase |
345 | $47,389,000 |
$137,000 | $4,900,000 |
$57,000 | $320,000 |
| Refinancing |
200 | $22,925,000 |
$114,000 | $835,000 |
$69,000 | $478,000 |
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| American Indian or Alaskan Native |
6 | $265,000 |
$44,000 | $130,000 |
$60,000 | $136,000 |
| Asian |
2 | $373,000 |
$186,000 | $350,000 |
$32,000 | $48,000 |
| Black or African American |
3 | $352,000 |
$117,000 | $193,000 |
$36,000 | $38,000 |
| Hispanic |
3 | $221,000 |
$73,000 | $160,000 |
$38,000 | $52,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
16 | $10,436,000 |
$652,000 | $4,900,000 |
$0 | $0 |
| Not Provided |
28 | $2,170,000 |
$77,000 | $225,000 |
$73,000 | $206,000 |
| White |
678 | $68,697,000 |
$101,000 | $500,000 |
$66,000 | $1,079,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
734 | $82,185,000 |
$111,000 | $4,900,000 |
$64,000 | $1,079,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $329,000 |
$164,000 | $173,000 |
$40,000 | $41,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
70 | $4,903,000 |
$70,000 | $310,000 |
$50,000 | $131,000 |
| Application Denied By Financial Institution |
87 | $14,095,000 |
$162,000 | $4,900,000 |
$44,000 | $222,000 |
| Application Withdrawn By Applicant |
10 | $1,728,000 |
$172,000 | $480,000 |
$79,000 | $265,000 |
| File Closed For Incompleteness |
7 | $339,000 |
$48,000 | $70,000 |
$73,000 | $289,000 |
| Loan Originated |
562 | $61,449,000 |
$109,000 | $1,080,000 |
$69,000 | $1,079,000 |
| 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 |
7 | $5,465,000 |
$780,000 | $4,900,000 |
$73,000 | $222,000 |
| Credit Application Incomplete |
15 | $1,005,000 |
$67,000 | $256,000 |
$48,000 | $88,000 |
| Credit History |
15 | $1,163,000 |
$77,000 | $320,000 |
$48,000 | $89,000 |
| Debt-To-Income Ratio |
38 | $4,297,000 |
$113,000 | $465,000 |
$35,000 | $103,000 |
| Employment History |
2 | $202,000 |
$101,000 | $180,000 |
$74,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $720,000 |
$240,000 | $270,000 |
$76,000 | $99,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $945,000 |
$189,000 | $350,000 |
$40,000 | $66,000 |
| Unverifiable Information |
2 | $298,000 |
$149,000 | $280,000 |
$10,000 | $21,000 |
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Mortgage Loan App Totals for GORHAM SAVINGS BANK by:
Metropolitan Area And
County
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