Elmira Savings & Loan F.A. Mortgage Lending & HMDA Data, 2005
In 2005, Elmira Savings & Loan F.A. of Elmria, NY reported 668 mortgage applications totaling $73.8 million, down 37% from 2004. The average application was for $110,523, and applicants reported an average income of $73,214. 40% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Ithaca, NY (300), Elmira, NY (230) and Binghamton, NY (18) (applications in parentheses).
| Mortgage Company & Address | Elmira Savings & Loan F.A. 300 West Water Street Elmria, NY 14901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 668 |
| Total Mortgage Loan Application Amount | $73,830,000 |
| Average Mortgage Loan Application Amount | $110,523 |
| Highest Mortgage Loan Application Amount | $854,000 |
| Average Applicant Income | $73,214 |
| Highest Applicant Income | $800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Elmira Savings & Loan F.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Tompkins, New York | 300 | $ 41,914,000 | $ 139,713 | $ 91,000 |
| Chemung, New York | 230 | $ 18,509,000 | $ 80,473 | $ 82,000 |
| Steuben, New York | 52 | $ 4,107,000 | $ 78,980 | $ 61,000 |
| Schuyler, New York | 22 | $ 2,228,000 | $ 101,272 | $ 53,000 |
| Cayuga, New York | 14 | $ 1,532,000 | $ 109,428 | $ 50,000 |
| Tioga, New York | 12 | $ 1,030,000 | $ 85,833 | $ 54,000 |
| Cortland, New York | 10 | $ 1,079,000 | $ 107,900 | $ 62,000 |
| Seneca, New York | 7 | $ 770,000 | $ 110,000 | $ 65,000 |
| Broome, New York | 6 | $ 532,000 | $ 88,666 | $ 39,000 |
| Onondaga, New York | 4 | $ 412,000 | $ 103,000 | $ 47,000 |
| Yates, New York | 4 | $ 932,000 | $ 233,000 | $ 104,000 |
| Bradford, Pennsylvania | 3 | $ 250,000 | $ 83,333 | $ 55,000 |
| Cattaraugus, New York | 1 | $ 67,000 | $ 67,000 | $ 48,000 |
| Genesee, New York | 1 | $ 155,000 | $ 155,000 | $ 36,000 |
| Monroe, New York | 1 | $ 178,000 | $ 178,000 | $ 112,000 |
| Tioga, Pennsylvania | 1 | $ 135,000 | $ 135,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Elmira Savings & Loan F.A. in 2005
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 | 467 | $55,708,000 | $119,000 | $624,000 | $77,000 | $800,000 |
| Refinancing | 156 | $16,940,000 | $116,500 | $854,000 | $63,500 | $398,000 |
| Home Improvement | 45 | $1,182,000 | $17,000 | $150,000 | $64,500 | $459,000 |
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 | 613 | $65,307,000 | $126,500 | $680,000 | $64,000 | $574,000 |
| Asian | 14 | $1,800,000 | $72,500 | $250,000 | $61,000 | $260,000 |
| Black or African American | 12 | $1,712,000 | $142,000 | $408,000 | $94,000 | $163,000 |
| Not applicable | 11 | $2,317,000 | $210,000 | $854,000 | $194,000 | $800,000 |
| Not Provided | 10 | $1,149,000 | $100,500 | $465,000 | $59,500 | $200,000 |
| Hispanic | 7 | $1,385,000 | $197,000 | $360,000 | $115,000 | $215,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $160,000 | $160,000 | $160,000 | $90,000 | $90,000 |
| American Indian or Alaskan Native | 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) | 661 | $73,374,000 | $103,500 | $854,000 | $68,000 | $800,000 |
| FHA-insured (Federal Housing Administration) | 7 | $456,000 | $65,000 | $128,000 | $40,000 | $99,000 |
| 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 Purchased By The Institution | 339 | $42,771,000 | $126,000 | $425,000 | $66,000 | $574,000 |
| Loan Originated | 268 | $24,205,000 | $86,500 | $854,000 | $60,500 | $459,000 |
| Application Withdrawn By Applicant | 29 | $3,695,000 | $127,000 | $680,000 | $105,000 | $800,000 |
| Application Denied By Financial Institution | 19 | $2,100,000 | $122,000 | $624,000 | $76,000 | $398,000 |
| File Closed For Incompleteness | 9 | $742,000 | $82,000 | $150,000 | $52,000 | $213,000 |
| Application Approved But Not Accepted | 4 | $317,000 | $79,000 | $144,000 | $146,000 | $213,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 | 6 | $424,000 | $96,000 | $135,000 | $63,500 | $88,000 |
| Credit History | 5 | $295,000 | $59,000 | $218,000 | $89,000 | $398,000 |
| Debt-To-Income Ratio | 3 | $437,000 | $145,000 | $229,000 | $79,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $142,000 | $47,000 | $64,000 | $34,000 | $42,000 |
| Other | 2 | $802,000 | $401,000 | $624,000 | $56,000 | $112,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Elmira Savings & Loan F.A.'s 2005 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 Elmira Savings & Loan F.A.'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 New York, 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