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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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SOUTHBRIDGE SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHBRIDGE SAVINGS BANK |
| Address | 253 MAIN STREET
SOUTHBRIDGE, MA 01550 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 363 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $67,742,000 |
| Average Mortgage Loan Amount Applied For | $479,000 |
| Highest Mortgage Loan Amount Applied For | $2,161,000 |
| Average Applicant Income | $114,538 |
| Highest Applicant Income | $3,498,000 |
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| Home Improvement |
129 | $12,533,000 |
$97,000 | $470,000 |
$70,000 | $246,000 |
| Home Purchase |
108 | $29,547,000 |
$273,000 | $2,161,000 |
$133,000 | $3,498,000 |
| Refinancing |
126 | $25,662,000 |
$203,000 | $700,000 |
$82,000 | $308,000 |
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| American Indian or Alaskan Native |
1 | $140,000 |
$140,000 | $140,000 |
$63,000 | $63,000 |
| Asian |
8 | $3,503,000 |
$437,000 | $1,000,000 |
$160,000 | $435,000 |
| Black or African American |
1 | $6,000 |
$6,000 | $6,000 |
$56,000 | $56,000 |
| Hispanic |
22 | $3,525,000 |
$160,000 | $500,000 |
$47,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
7 | $3,647,000 |
$521,000 | $2,161,000 |
$0 | $0 |
| Not Provided |
8 | $1,512,000 |
$189,000 | $633,000 |
$56,000 | $105,000 |
| White |
316 | $55,409,000 |
$175,000 | $1,200,000 |
$98,000 | $3,498,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
359 | $67,419,000 |
$187,000 | $2,161,000 |
$93,000 | $3,498,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $323,000 |
$80,000 | $194,000 |
$44,000 | $53,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
14 | $3,864,000 |
$276,000 | $555,000 |
$99,000 | $229,000 |
| Application Denied By Financial Institution |
62 | $11,700,000 |
$188,000 | $1,200,000 |
$74,000 | $610,000 |
| Application Withdrawn By Applicant |
14 | $5,047,000 |
$360,000 | $2,161,000 |
$43,000 | $109,000 |
| File Closed For Incompleteness |
5 | $783,000 |
$156,000 | $260,000 |
$40,000 | $61,000 |
| Loan Originated |
268 | $46,348,000 |
$172,000 | $1,000,000 |
$100,000 | $3,498,000 |
| 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 |
3 | $1,435,000 |
$478,000 | $630,000 |
$284,000 | $610,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $942,000 |
$157,000 | $223,000 |
$85,000 | $206,000 |
| Debt-To-Income Ratio |
19 | $4,013,000 |
$211,000 | $450,000 |
$54,000 | $141,000 |
| 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 |
2 | $825,000 |
$412,000 | $450,000 |
$244,000 | $308,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHBRIDGE SAVINGS BANK by:
Metropolitan Area And
County
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