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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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STAFFORD SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
STAFFORD SAVINGS BANK |
| Address | PO BOX 25
STAFFORD SPRINGS, CT 06076 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 127 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,789,000 |
| Average Mortgage Loan Amount Applied For | $151,500 |
| Highest Mortgage Loan Amount Applied For | $500,000 |
| Average Applicant Income | $75,000 |
| Highest Applicant Income | $228,000 |
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| Home Improvement |
38 | $2,367,000 |
$62,000 | $280,000 |
$67,000 | $122,000 |
| Home Purchase |
51 | $8,813,000 |
$172,000 | $500,000 |
$75,000 | $228,000 |
| Refinancing |
38 | $4,609,000 |
$121,000 | $360,000 |
$72,000 | $195,000 |
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| American Indian or Alaskan Native |
1 | $160,000 |
$160,000 | $160,000 |
$119,000 | $119,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
126 | $15,629,000 |
$124,000 | $500,000 |
$71,000 | $228,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
127 | $15,789,000 |
$124,000 | $500,000 |
$72,000 | $228,000 |
| 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 |
8 | $743,000 |
$92,000 | $190,000 |
$67,000 | $108,000 |
| Application Denied By Financial Institution |
11 | $1,261,000 |
$114,000 | $300,000 |
$49,000 | $79,000 |
| Application Withdrawn By Applicant |
1 | $179,000 |
$179,000 | $179,000 |
$54,000 | $54,000 |
| File Closed For Incompleteness |
4 | $825,000 |
$206,000 | $250,000 |
$50,000 | $100,000 |
| Loan Originated |
103 | $12,781,000 |
$124,000 | $500,000 |
$76,000 | $228,000 |
| 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 | $210,000 |
$70,000 | $164,000 |
$46,000 | $54,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $116,000 |
$58,000 | $111,000 |
$61,000 | $62,000 |
| Debt-To-Income Ratio |
6 | $935,000 |
$155,000 | $300,000 |
$46,000 | $79,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for STAFFORD SAVINGS BANK by:
Metropolitan Area And
County
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