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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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SALEM COOPERATIVE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SALEM COOPERATIVE BANK |
| Address | 3 SOUTH BROADWAY
SALEM, NH 03079 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 161 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,626,000 |
| Average Mortgage Loan Amount Applied For | $183,200 |
| Highest Mortgage Loan Amount Applied For | $660,000 |
| Average Applicant Income | $112,400 |
| Highest Applicant Income | $1,285,000 |
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| Home Improvement |
36 | $3,406,000 |
$94,000 | $515,000 |
$101,000 | $222,000 |
| Home Purchase |
92 | $21,581,000 |
$234,000 | $573,000 |
$101,000 | $581,000 |
| Refinancing |
47 | $9,092,000 |
$193,000 | $660,000 |
$138,000 | $1,285,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $218,000 |
$218,000 | $218,000 |
$68,000 | $68,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $185,000 |
$185,000 | $185,000 |
$54,000 | $54,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
173 | $33,676,000 |
$194,000 | $660,000 |
$112,000 | $1,285,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
175 | $34,079,000 |
$194,000 | $660,000 |
$111,000 | $1,285,000 |
| 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 |
9 | $2,112,000 |
$234,000 | $660,000 |
$260,000 | $1,285,000 |
| Application Denied By Financial Institution |
7 | $1,597,000 |
$228,000 | $377,000 |
$78,000 | $150,000 |
| Application Withdrawn By Applicant |
17 | $3,528,000 |
$207,000 | $400,000 |
$77,000 | $171,000 |
| File Closed For Incompleteness |
5 | $652,000 |
$130,000 | $212,000 |
$43,000 | $60,000 |
| Loan Originated |
127 | $24,312,000 |
$191,000 | $573,000 |
$113,000 | $725,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
7 | $1,524,000 |
$217,000 | $464,000 |
$71,000 | $171,000 |
| Preapproval Denied by Financial Institution |
3 | $354,000 |
$118,000 | $200,000 |
$35,000 | $68,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,131,000 |
$188,000 | $377,000 |
$51,000 | $112,000 |
| Debt-To-Income Ratio |
2 | $370,000 |
$185,000 | $190,000 |
$70,000 | $72,000 |
| 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 |
1 | $200,000 |
$200,000 | $200,000 |
$54,000 | $54,000 |
| Unverifiable Information |
1 | $250,000 |
$250,000 | $250,000 |
$150,000 | $150,000 |
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Mortgage Loan App Totals for SALEM COOPERATIVE BANK by:
Metropolitan Area And
County
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