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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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SACO & BIDDEFORD SAVINGS INSTI
Mortgage Loans and Application Details
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| Mortgage Company Name |
SACO & BIDDEFORD SAVINGS INSTI |
| Address | 252 MAIN STREET
SACO, ME 04072 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 632 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $96,398,000 |
| Average Mortgage Loan Amount Applied For | $140,000 |
| Highest Mortgage Loan Amount Applied For | $1,250,000 |
| Average Applicant Income | $89,600 |
| Highest Applicant Income | $668,000 |
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| Home Improvement |
188 | $11,839,000 |
$62,000 | $580,000 |
$75,000 | $556,000 |
| Home Purchase |
286 | $64,623,000 |
$225,000 | $1,250,000 |
$95,000 | $668,000 |
| Refinancing |
167 | $21,571,000 |
$129,000 | $725,000 |
$83,000 | $548,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $200,000 |
$200,000 | $200,000 |
$34,000 | $34,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
2 | $353,000 |
$176,000 | $325,000 |
$74,000 | $98,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
9 | $1,971,000 |
$219,000 | $480,000 |
$269,000 | $544,000 |
| Not Provided |
91 | $16,214,000 |
$178,000 | $725,000 |
$133,000 | $668,000 |
| White |
538 | $79,295,000 |
$147,000 | $1,250,000 |
$75,000 | $605,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
641 | $98,033,000 |
$152,000 | $1,250,000 |
$86,000 | $668,000 |
| 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 |
52 | $10,439,000 |
$200,000 | $600,000 |
$76,000 | $235,000 |
| Application Denied By Financial Institution |
43 | $6,587,000 |
$153,000 | $425,000 |
$42,000 | $115,000 |
| Application Withdrawn By Applicant |
9 | $2,234,000 |
$248,000 | $520,000 |
$48,000 | $183,000 |
| File Closed For Incompleteness |
2 | $380,000 |
$190,000 | $280,000 |
$18,000 | $36,000 |
| Loan Originated |
526 | $76,758,000 |
$145,000 | $1,250,000 |
$93,000 | $668,000 |
| 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 |
9 | $1,635,000 |
$181,000 | $297,000 |
$45,000 | $118,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 SACO & BIDDEFORD SAVINGS INSTI by:
Metropolitan Area And
County
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