Saco & Biddeford Savings Institution Mortgage Lending & HMDA Data, 2011
In 2011, Saco & Biddeford Savings Institution of Saco, ME reported 867 mortgage applications totaling $198.1 million, down 4% from 2010. The average application was for $228,493, and applicants reported an average income of $126,756. 66% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Portland-South Portland-Biddeford, ME (837) and Lewiston-Auburn, ME (4).
| 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 | 867 |
| Total Mortgage Loan Application Amount | $198,104,000 |
| Average Mortgage Loan Application Amount | $228,493 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $126,756 |
| Highest Applicant Income | $1,663,000 |
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Saco & Biddeford Savings Institution filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 |
|---|---|---|---|---|---|---|
| Refinancing | 400 | $92,312,000 | $230,000 | $2,500,000 | $117,000 | $986,000 |
| Home Purchase | 384 | $93,649,000 | $243,000 | $2,000,000 | $144,000 | $1,663,000 |
| Home Improvement | 83 | $12,143,000 | $146,000 | $800,000 | $94,000 | $859,000 |
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 | 687 | $153,053,000 | $222,000 | $2,500,000 | $120,000 | $1,663,000 |
| Not Provided | 149 | $37,509,000 | $251,000 | $1,500,000 | $168,000 | $1,150,000 |
| Not applicable | 14 | $3,062,000 | $218,000 | $550,000 | $0 | $0 |
| Asian | 9 | $2,450,000 | $272,000 | $689,000 | $172,000 | $498,000 |
| American Indian or Alaskan Native | 4 | $405,000 | $101,000 | $200,000 | $103,000 | $266,000 |
| Hispanic | 3 | $1,316,000 | $438,000 | $576,000 | $110,000 | $161,000 |
| Black or African American | 1 | $309,000 | $309,000 | $309,000 | $143,000 | $143,000 |
| 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) | 867 | $198,104,000 | $228,000 | $2,500,000 | $127,000 | $1,663,000 |
| 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 | 571 | $132,498,000 | $232,000 | $2,500,000 | $139,000 | $1,663,000 |
| Application Approved But Not Accepted | 131 | $29,371,000 | $224,000 | $1,945,000 | $116,000 | $480,000 |
| Application Denied By Financial Institution | 99 | $20,188,000 | $203,000 | $625,000 | $83,000 | $328,000 |
| Application Withdrawn By Applicant | 42 | $10,714,000 | $255,000 | $807,000 | $128,000 | $816,000 |
| Preapproval Denied by Financial Institution | 20 | $2,903,000 | $145,000 | $325,000 | $54,000 | $172,000 |
| File Closed For Incompleteness | 4 | $2,430,000 | $607,000 | $1,945,000 | $103,000 | $225,000 |
| 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 2011 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