Boston Federal Savings Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003
Boston Federal Savings Bank 2003 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Boston Federal Savings Bank 17 New England Executive Park Burlington, MA 01803 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 6,322 |
| Total Mortgage Loan Application Amount | $1,499,445,000 |
| Average Mortgage Loan Application Amount | $266,363 |
| Highest Mortgage Loan Application Amount | $1,950,000 |
| Average Applicant Income | $94,181 |
| Highest Applicant Income | $2,000,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with Boston Federal Savings Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Boston Federal Savings Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2003 breaks down Boston Federal Savings Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Boston Federal Savings Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Boston Federal Savings Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Boston Federal Savings Bank's mortgage activity for 2003.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex County Massachusetts | 2,737 | $ 632,017,000 | $ 230,000 | $ 85,000 |
| Suffolk County Massachusetts | 1,063 | $ 259,365,000 | $ 243,000 | $ 86,000 |
| Essex County Massachusetts | 1,027 | $ 223,113,000 | $ 217,000 | $ 82,000 |
| Norfolk County Massachusetts | 543 | $ 155,703,000 | $ 286,000 | $ 102,000 |
| Worcester County Massachusetts | 205 | $ 44,985,000 | $ 219,000 | $ 114,000 |
| Plymouth County Massachusetts | 179 | $ 44,990,000 | $ 251,000 | $ 86,000 |
| Barnstable County Massachusetts | 146 | $ 42,145,000 | $ 288,000 | $ 152,000 |
| Hillsborough County New Hampshire | 94 | $ 17,663,000 | $ 187,000 | $ 88,000 |
| Bristol County Massachusetts | 89 | $ 20,080,000 | $ 225,000 | $ 91,000 |
| Rockingham County New Hampshire | 65 | $ 17,191,000 | $ 264,000 | $ 81,000 |
| Providence County Rhode Island | 23 | $ 5,892,000 | $ 256,000 | $ 125,000 |
| Strafford County New Hampshire | 21 | $ 4,681,000 | $ 222,000 | $ 99,000 |
| York County Maine | 19 | $ 5,402,000 | $ 284,000 | $ 93,000 |
| Cumberland County Maine | 14 | $ 3,071,000 | $ 219,000 | $ 62,000 |
| Nantucket County Massachusetts | 9 | $ 3,882,000 | $ 431,000 | $ 193,000 |
| Belknap County New Hampshire | 9 | $ 2,189,000 | $ 243,000 | $ 197,000 |
| Middlesex County Connecticut | 8 | $ 2,163,000 | $ 270,000 | $ 181,000 |
| Hampden County Massachusetts | 8 | $ 1,190,000 | $ 148,000 | $ 129,000 |
| Carroll County New Hampshire | 8 | $ 1,012,000 | $ 126,000 | $ 88,000 |
| Hartford County Connecticut | 7 | $ 1,095,000 | $ 156,000 | $ 88,000 |
| New London County Connecticut | 6 | $ 1,750,000 | $ 291,000 | $ 50,000 |
| Dukes County Massachusetts | 5 | $ 2,474,000 | $ 494,000 | $ 158,000 |
| Merrimack County New Hampshire | 5 | $ 819,000 | $ 163,000 | $ 64,000 |
| New Haven County Connecticut | 4 | $ 1,287,000 | $ 321,000 | $ 103,000 |
| Hampshire County Massachusetts | 4 | $ 886,000 | $ 221,000 | $ 157,000 |
| Grafton County New Hampshire | 4 | $ 491,000 | $ 122,000 | $ 102,000 |
| Newport County Rhode Island | 4 | $ 1,061,000 | $ 265,000 | $ 25,000 |
| Tolland County Connecticut | 3 | $ 627,000 | $ 209,000 | $ 144,000 |
| Androscoggin County Maine | 2 | $ 187,000 | $ 93,000 | $ 59,000 |
| Sullivan County New Hampshire | 2 | $ 180,000 | $ 90,000 | $ 60,000 |
| Litchfield County Connecticut | 1 | $ 117,000 | $ 117,000 | $ 75,000 |
| Windham County Connecticut | 1 | $ 17,000 | $ 17,000 | $ 85,000 |
| Lincoln County Maine | 1 | $ 750,000 | $ 750,000 | $ 0 |
| Sagadahoc County Maine | 1 | $ 88,000 | $ 88,000 | $ 103,000 |
| Cheshire County New Hampshire | 1 | $ 208,000 | $ 208,000 | $ 161,000 |
| Coos County New Hampshire | 1 | $ 63,000 | $ 63,000 | $ 90,000 |
| Bristol County Rhode Island | 1 | $ 380,000 | $ 380,000 | $ 220,000 |
| Kent County Rhode Island | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| Washington County Rhode Island | 1 | $ 26,000 | $ 26,000 | $ 84,000 |
Mortgage Loan Application Detail Totals for Boston Federal Savings Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 4,168 | $924,366,000 | $291,400 | $1,950,000 | $125,000 | $1,375,000 |
| Home Purchase (one-to-four family) | 2,142 | $570,868,000 | $224,600 | $934,000 | $82,200 | $2,000,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 12 | $4,211,000 | $350,000 | $900,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 5,560 | $1,309,571,000 | $230,800 | $1,950,000 | $98,600 | $2,000,000 |
| Asian or Pacific Islander | 206 | $53,216,000 | $288,500 | $750,000 | $117,750 | $476,000 |
| Hispanic | 198 | $47,522,000 | $190,333 | $568,000 | $55,666 | $323,000 |
| Black | 150 | $32,967,000 | $206,000 | $730,000 | $67,333 | $250,000 |
| Information not provided by applicant in mail or telephone application | 128 | $38,462,000 | $436,666 | $940,000 | $128,333 | $341,000 |
| Other | 58 | $12,666,000 | $211,000 | $590,000 | $70,333 | $235,000 |
| American Indian or Alaskan Native | 19 | $4,407,000 | $199,000 | $750,000 | $140,000 | $1,373,000 |
| Not applicable | 3 | $634,000 | $211,000 | $288,000 | $106,000 | $182,000 |
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) | 6,322 | $1,499,445,000 | $238,200 | $1,950,000 | $97,800 | $2,000,000 |
| 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 | 5,287 | $1,245,146,000 | $252,000 | $1,950,000 | $105,600 | $1,800,000 |
| Loan Purchased By The Institution | 348 | $66,173,000 | $193,000 | $700,000 | $90,666 | $414,000 |
| Application Approved But Not Accepted | 252 | $78,966,000 | $209,600 | $1,500,000 | $82,000 | $593,000 |
| Application Withdrawn By Applicant | 232 | $58,900,000 | $221,666 | $900,000 | $108,333 | $2,000,000 |
| Application Denied By Financial Institution | 203 | $50,260,000 | $169,400 | $950,000 | $58,600 | $687,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 89 | $23,970,000 | $199,500 | $934,000 | $53,750 | $591,000 |
| Credit History | 55 | $13,466,000 | $192,000 | $950,000 | $51,500 | $201,000 |
| Other | 29 | $6,204,000 | $130,333 | $940,000 | $89,666 | $687,000 |
| Collateral | 16 | $3,098,000 | $160,000 | $550,000 | $103,333 | $304,000 |
| Unverifiable Information | 5 | $1,678,000 | $335,000 | $750,000 | $71,000 | $167,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,127,000 | $210,500 | $508,000 | $58,000 | $140,000 |
| Mortgage Insurance Denied | 3 | $161,000 | $53,000 | $59,000 | $112,000 | $123,000 |
| Credit Application Incomplete | 1 | $176,000 | $176,000 | $176,000 | $0 | $0 |
| Employment History | 1 | $380,000 | $380,000 | $380,000 | $125,000 | $125,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Boston Federal Savings Bank's 2003 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 Boston Federal Savings Bank'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 Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.