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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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SAVINGS INSTITUTE BANK & TRUST
Mortgage Loans and Application Details
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| Mortgage Company Name |
SAVINGS INSTITUTE BANK & TRUST |
| Address | 803 MAIN ST
WILLIMANTIC, CT 06226 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 887 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $118,821,000 |
| Average Mortgage Loan Amount Applied For | $205,545 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $89,727 |
| Highest Applicant Income | $756,000 |
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| Home Improvement |
309 | $23,391,000 |
$75,000 | $700,000 |
$75,000 | $620,000 |
| Home Purchase |
324 | $67,236,000 |
$207,000 | $1,111,000 |
$84,000 | $756,000 |
| Refinancing |
290 | $33,690,000 |
$116,000 | $2,500,000 |
$72,000 | $525,000 |
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| American Indian or Alaskan Native |
4 | $451,000 |
$112,000 | $196,000 |
$58,000 | $86,000 |
| Asian |
37 | $7,040,000 |
$190,000 | $400,000 |
$92,000 | $189,000 |
| Black or African American |
10 | $1,646,000 |
$164,000 | $700,000 |
$158,000 | $620,000 |
| Hispanic |
49 | $4,859,000 |
$99,000 | $341,000 |
$51,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $76,000 |
$38,000 | $56,000 |
$73,000 | $102,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $50,000 |
$50,000 | $50,000 |
$325,000 | $325,000 |
| White |
820 | $110,195,000 |
$134,000 | $2,500,000 |
$77,000 | $756,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
895 | $118,997,000 |
$132,000 | $2,500,000 |
$78,000 | $756,000 |
| FHA-insured (Federal Housing Administration) |
23 | $4,395,000 |
$191,000 | $303,000 |
$56,000 | $76,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
5 | $925,000 |
$185,000 | $266,000 |
$50,000 | $71,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
10 | $2,413,000 |
$241,000 | $500,000 |
$81,000 | $175,000 |
| Application Denied By Financial Institution |
109 | $10,878,000 |
$99,000 | $2,500,000 |
$53,000 | $275,000 |
| Application Withdrawn By Applicant |
55 | $4,187,000 |
$76,000 | $264,000 |
$63,000 | $146,000 |
| File Closed For Incompleteness |
3 | $407,000 |
$135,000 | $190,000 |
$52,000 | $84,000 |
| Loan Originated |
709 | $100,706,000 |
$142,000 | $1,000,000 |
$84,000 | $756,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $490,000 |
$163,000 | $230,000 |
$56,000 | $70,000 |
| Preapproval Denied by Financial Institution |
34 | $5,236,000 |
$154,000 | $1,111,000 |
$48,000 | $98,000 |
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| Collateral |
6 | $771,000 |
$128,000 | $360,000 |
$50,000 | $69,000 |
| Credit Application Incomplete |
3 | $113,000 |
$37,000 | $55,000 |
$58,000 | $121,000 |
| Credit History |
65 | $4,894,000 |
$75,000 | $250,000 |
$56,000 | $192,000 |
| Debt-To-Income Ratio |
52 | $8,555,000 |
$164,000 | $2,500,000 |
$49,000 | $275,000 |
| Employment History |
6 | $433,000 |
$72,000 | $225,000 |
$36,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $487,000 |
$162,000 | $176,000 |
$55,000 | $71,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $754,000 |
$125,000 | $215,000 |
$64,000 | $102,000 |
| Unverifiable Information |
2 | $107,000 |
$53,000 | $80,000 |
$15,000 | $30,000 |
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Mortgage Loan App Totals for SAVINGS INSTITUTE BANK & TRUST by:
Metropolitan Area And
County
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