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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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LITCHFIELD BANCORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
LITCHFIELD BANCORP |
| Address | 294 WEST STREET, P. O. BOX 997
LITCHFIELD, CT 06759 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 181 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,241,000 |
| Average Mortgage Loan Amount Applied For | $229,000 |
| Highest Mortgage Loan Amount Applied For | $2,175,000 |
| Average Applicant Income | $158,000 |
| Highest Applicant Income | $1,192,000 |
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| Home Improvement |
40 | $3,562,000 |
$89,000 | $375,000 |
$81,000 | $1,192,000 |
| Home Purchase |
34 | $8,976,000 |
$264,000 | $2,175,000 |
$224,000 | $865,000 |
| Refinancing |
107 | $8,703,000 |
$81,000 | $500,000 |
$95,000 | $575,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $70,000 |
$70,000 | $70,000 |
$113,000 | $113,000 |
| Black or African American |
1 | $20,000 |
$20,000 | $20,000 |
$593,000 | $593,000 |
| Hispanic |
1 | $20,000 |
$20,000 | $20,000 |
$31,000 | $31,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $2,175,000 |
$2,175,000 | $2,175,000 |
$0 | $0 |
| Not Provided |
23 | $2,040,000 |
$88,000 | $250,000 |
$113,000 | $310,000 |
| White |
154 | $16,916,000 |
$109,000 | $1,480,000 |
$131,000 | $1,192,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
181 | $21,241,000 |
$117,000 | $2,175,000 |
$133,000 | $1,192,000 |
| 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 |
5 | $940,000 |
$188,000 | $650,000 |
$348,000 | $852,000 |
| Application Denied By Financial Institution |
17 | $2,290,000 |
$134,000 | $350,000 |
$55,000 | $126,000 |
| Application Withdrawn By Applicant |
3 | $511,000 |
$170,000 | $300,000 |
$83,000 | $109,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
156 | $17,500,000 |
$112,000 | $2,175,000 |
$137,000 | $1,192,000 |
| 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 | $98,000 |
$98,000 | $98,000 |
$37,000 | $37,000 |
| Credit Application Incomplete |
1 | $350,000 |
$350,000 | $350,000 |
$126,000 | $126,000 |
| Credit History |
8 | $856,000 |
$107,000 | $290,000 |
$50,000 | $114,000 |
| Debt-To-Income Ratio |
7 | $986,000 |
$140,000 | $250,000 |
$47,000 | $97,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for LITCHFIELD BANCORP by:
Metropolitan Area And
County
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