Saco & Biddeford Savings Institution Mortgage Lending & HMDA Data, 2007
In 2007, Saco & Biddeford Savings Institution of Saco, ME reported 507 mortgage applications totaling $90.4 million, down 21% from 2006. The average application was for $178,285, and applicants reported an average income of $89,577. 75% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Portland-South Portland-Biddeford, ME (493) and Lewiston-Auburn, ME (2).
| Mortgage Company & Address | Saco & Biddeford Savings Institution 50 Industrial Park Road Saco, ME 04072 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 507 |
| Total Mortgage Loan Application Amount | $90,391,000 |
| Average Mortgage Loan Application Amount | $178,285 |
| Highest Mortgage Loan Application Amount | $2,740,000 |
| Average Applicant Income | $89,577 |
| Highest Applicant Income | $801,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Saco & Biddeford Savings Institution filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Saco & Biddeford Savings Institution in 2007
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 232 | $54,706,000 | $235,000 | $2,454,000 | $106,000 | $801,000 |
| Refinancing | 147 | $24,257,000 | $165,000 | $2,740,000 | $72,000 | $675,000 |
| Home Improvement | 128 | $11,428,000 | $89,000 | $750,000 | $80,000 | $742,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 424 | $72,909,000 | $171,000 | $2,740,000 | $87,000 | $801,000 |
| Not Provided | 58 | $9,275,000 | $159,000 | $814,000 | $101,000 | $444,000 |
| Not applicable | 15 | $5,890,000 | $392,000 | $2,454,000 | $110,000 | $336,000 |
| Asian | 6 | $1,608,000 | $268,000 | $356,000 | $80,000 | $152,000 |
| Hispanic | 2 | $377,000 | $188,000 | $240,000 | $12,000 | $25,000 |
| Black or African American | 1 | $2,000 | $2,000 | $2,000 | $46,000 | $46,000 |
| American Indian or Alaskan Native | 1 | $330,000 | $330,000 | $330,000 | $109,000 | $109,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 507 | $90,391,000 | $178,000 | $2,740,000 | $89,000 | $801,000 |
| 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 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 382 | $65,709,000 | $172,000 | $2,740,000 | $96,000 | $801,000 |
| Application Denied By Financial Institution | 51 | $8,447,000 | $165,000 | $385,000 | $60,000 | $282,000 |
| Application Approved But Not Accepted | 48 | $10,714,000 | $223,000 | $850,000 | $95,000 | $348,000 |
| Application Withdrawn By Applicant | 15 | $3,512,000 | $234,000 | $474,000 | $37,000 | $134,000 |
| Preapproval Denied by Financial Institution | 10 | $1,954,000 | $195,000 | $270,000 | $38,000 | $66,000 |
| File Closed For Incompleteness | 1 | $55,000 | $55,000 | $55,000 | $39,000 | $39,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Saco & Biddeford Savings Institution's 2007 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Saco & Biddeford Savings Institution's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Maine, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About