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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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THE GUILFORD SAVINGS BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE GUILFORD SAVINGS BANK |
| Address | ONE PARK STREET
GUILFORD, CT 06437 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 303 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $57,375,000 |
| Average Mortgage Loan Amount Applied For | $201,000 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $109,500 |
| Highest Applicant Income | $800,000 |
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| Home Improvement |
141 | $14,685,000 |
$104,000 | $650,000 |
$114,000 | $448,000 |
| Home Purchase |
108 | $35,079,000 |
$324,000 | $2,200,000 |
$130,000 | $1,200,000 |
| Refinancing |
63 | $12,564,000 |
$199,000 | $750,000 |
$102,000 | $377,000 |
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| American Indian or Alaskan Native |
2 | $344,000 |
$172,000 | $215,000 |
$134,000 | $216,000 |
| Asian |
2 | $433,000 |
$216,000 | $275,000 |
$48,000 | $76,000 |
| Black or African American |
2 | $470,000 |
$235,000 | $364,000 |
$103,000 | $165,000 |
| Hispanic |
4 | $287,000 |
$71,000 | $212,000 |
$121,000 | $195,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
3 | $1,051,000 |
$350,000 | $613,000 |
$0 | $0 |
| Not Provided |
9 | $3,903,000 |
$433,000 | $2,200,000 |
$266,000 | $1,200,000 |
| White |
290 | $55,840,000 |
$192,000 | $1,500,000 |
$114,000 | $800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
312 | $62,328,000 |
$199,000 | $2,200,000 |
$117,000 | $1,200,000 |
| 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 | $6,297,000 |
$314,000 | $1,500,000 |
$137,000 | $800,000 |
| Application Denied By Financial Institution |
21 | $3,693,000 |
$175,000 | $497,000 |
$74,000 | $189,000 |
| Application Withdrawn By Applicant |
9 | $2,181,000 |
$242,000 | $750,000 |
$107,000 | $259,000 |
| File Closed For Incompleteness |
3 | $608,000 |
$202,000 | $385,000 |
$131,000 | $235,000 |
| Loan Originated |
250 | $44,596,000 |
$178,000 | $1,400,000 |
$114,000 | $448,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
9 | $4,953,000 |
$550,000 | $2,200,000 |
$272,000 | $1,200,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $596,000 |
$198,000 | $497,000 |
$108,000 | $189,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $500,000 |
$166,000 | $275,000 |
$83,000 | $104,000 |
| Debt-To-Income Ratio |
14 | $2,497,000 |
$178,000 | $350,000 |
$58,000 | $130,000 |
| 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 | $100,000 |
$100,000 | $100,000 |
$170,000 | $170,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE GUILFORD SAVINGS BANK by:
Metropolitan Area And
County
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