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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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SANFORD INSTITUTION FOR SAVING
Mortgage Loans and Application Details
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| Mortgage Company Name |
SANFORD INSTITUTION FOR SAVING |
| Address | 897 MAIN STREET
SANFORD, ME 04073 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 463 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $56,471,000 |
| Average Mortgage Loan Amount Applied For | $126,666 |
| Highest Mortgage Loan Amount Applied For | $1,050,000 |
| Average Applicant Income | $80,500 |
| Highest Applicant Income | $710,000 |
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| Home Improvement |
137 | $9,778,000 |
$71,000 | $900,000 |
$71,000 | $608,000 |
| Home Purchase |
150 | $25,671,000 |
$171,000 | $750,000 |
$87,000 | $429,000 |
| Refinancing |
176 | $21,022,000 |
$119,000 | $1,050,000 |
$78,000 | $710,000 |
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| American Indian or Alaskan Native |
2 | $117,000 |
$58,000 | $110,000 |
$17,000 | $22,000 |
| Asian |
4 | $590,000 |
$147,000 | $216,000 |
$105,000 | $319,000 |
| Black or African American |
1 | $172,000 |
$172,000 | $172,000 |
$63,000 | $63,000 |
| Hispanic |
1 | $390,000 |
$390,000 | $390,000 |
$126,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
27 | $2,068,000 |
$76,000 | $450,000 |
$93,000 | $244,000 |
| White |
428 | $53,134,000 |
$124,000 | $1,050,000 |
$78,000 | $710,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
463 | $56,471,000 |
$121,000 | $1,050,000 |
$79,000 | $710,000 |
| 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 |
20 | $3,494,000 |
$174,000 | $450,000 |
$73,000 | $211,000 |
| Application Denied By Financial Institution |
72 | $7,675,000 |
$106,000 | $392,000 |
$50,000 | $319,000 |
| Application Withdrawn By Applicant |
18 | $2,291,000 |
$127,000 | $300,000 |
$75,000 | $273,000 |
| File Closed For Incompleteness |
2 | $455,000 |
$227,000 | $400,000 |
$0 | $0 |
| Loan Originated |
351 | $42,556,000 |
$121,000 | $1,050,000 |
$86,000 | $710,000 |
| 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 |
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 SANFORD INSTITUTION FOR SAVING by:
Metropolitan Area And
County
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