Elmira Savings & Loan F.A. Mortgage Lending & HMDA Data, 2003
In 2003, Elmira Savings & Loan F.A. of Elmria, NY reported 1,522 mortgage applications totaling $157.4 million. The average application was for $103,447, and applicants reported an average income of $69,730. 48% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Elmira, NY (541), Binghamton, NY (43) and Syracuse, NY (42) (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 | 1,522 |
| Total Mortgage Loan Application Amount | $157,447,000 |
| Average Mortgage Loan Application Amount | $103,447 |
| Highest Mortgage Loan Application Amount | $888,000 |
| Average Applicant Income | $69,730 |
| Highest Applicant Income | $1,743,000 |
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records Elmira Savings & Loan F.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Elmira, NY | 541 | $ 44,366,000 | $ 82,007 | $ 66,000 |
| Binghamton, NY | 43 | $ 3,691,000 | $ 85,837 | $ 42,000 |
| Syracuse, NY | 42 | $ 4,404,000 | $ 104,857 | $ 60,000 |
| Rochester, NY | 2 | $ 118,000 | $ 59,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Elmira Savings & Loan F.A. 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) | 870 | $87,146,000 | $105,500 | $370,000 | $85,500 | $1,743,000 |
| Home Purchase (one-to-four family) | 589 | $59,631,000 | $89,000 | $400,000 | $52,000 | $473,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 34 | $9,727,000 | $286,000 | $888,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 29 | $943,000 | $22,000 | $430,000 | $68,000 | $165,000 |
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 | 1,419 | $143,778,000 | $86,500 | $888,000 | $55,000 | $1,743,000 |
| Asian or Pacific Islander | 29 | $4,142,000 | $146,500 | $323,000 | $82,000 | $300,000 |
| Not applicable | 28 | $4,398,000 | $157,000 | $830,000 | $58,000 | $231,000 |
| Black | 13 | $1,368,000 | $105,000 | $208,000 | $70,000 | $151,000 |
| Information not provided by applicant in mail or telephone application | 13 | $1,239,000 | $95,000 | $276,000 | $78,000 | $160,000 |
| Other | 10 | $1,418,000 | $207,000 | $386,000 | $142,000 | $250,000 |
| Hispanic | 8 | $935,000 | $116,000 | $277,000 | $113,000 | $296,000 |
| American Indian or Alaskan Native | 2 | $169,000 | $84,000 | $93,000 | $53,000 | $74,000 |
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) | 1,487 | $154,722,000 | $95,500 | $888,000 | $66,000 | $1,743,000 |
| FHA-insured (Federal Housing Administration) | 34 | $2,629,000 | $77,000 | $142,000 | $47,000 | $92,000 |
| VA-guaranteed (Veterans Administration) | 1 | $96,000 | $96,000 | $96,000 | $177,000 | $177,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 731 | $70,884,000 | $95,500 | $830,000 | $76,000 | $1,743,000 |
| Loan Purchased By The Institution | 678 | $74,172,000 | $109,000 | $323,000 | $65,000 | $322,000 |
| Application Denied By Financial Institution | 42 | $4,148,000 | $85,000 | $838,000 | $43,500 | $165,000 |
| Application Withdrawn By Applicant | 38 | $4,751,000 | $125,000 | $888,000 | $69,000 | $341,000 |
| Application Approved But Not Accepted | 25 | $2,181,000 | $83,000 | $277,000 | $66,500 | $235,000 |
| File Closed For Incompleteness | 8 | $1,311,000 | $121,500 | $600,000 | $37,000 | $153,000 |
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 | 15 | $1,482,000 | $87,500 | $292,000 | $47,500 | $116,000 |
| Credit History | 14 | $1,071,000 | $76,000 | $163,000 | $57,000 | $110,000 |
| Debt-To-Income Ratio | 9 | $564,000 | $62,000 | $105,000 | $54,000 | $165,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $870,000 | $435,000 | $838,000 | $0 | $0 |
| Other | 1 | $98,000 | $98,000 | $98,000 | $0 | $0 |
| Employment History | 1 | $63,000 | $63,000 | $63,000 | $35,000 | $35,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Elmira Savings & Loan F.A.'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 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.
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