Enfield Federal Savings& Loan Mortgage Lending & HMDA Data, 2008
In 2008, Enfield Federal Savings& Loan of Enfield, CT reported 172 mortgage applications totaling $24.7 million, down 3% from 2007. The average application was for $143,389, and applicants reported an average income of $95,686. 53% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (132), Rockingham County-Strafford County, NH (10) and Manchester-Nashua, NH (5) (applications in parentheses).
| Mortgage Company & Address | Enfield Federal Savings& Loan 855 Enfieldstreet Enfield, CT 06082 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 172 |
| Total Mortgage Loan Application Amount | $24,663,000 |
| Average Mortgage Loan Application Amount | $143,389 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $95,686 |
| Highest Applicant Income | $583,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Enfield Federal Savings& Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hartford, Connecticut | 103 | $ 15,649,000 | $ 151,932 | $ 95,000 |
| Tolland, Connecticut | 25 | $ 4,894,000 | $ 195,760 | $ 137,000 |
| Strafford, New Hampshire | 7 | $ 200,000 | $ 28,571 | $ 84,000 |
| Hillsborough, New Hampshire | 5 | $ 231,000 | $ 46,200 | $ 53,000 |
| Middlesex, Connecticut | 4 | $ 578,000 | $ 144,500 | $ 132,000 |
| Fairfield, Connecticut | 3 | $ 218,000 | $ 72,666 | $ 44,000 |
| New Haven, Connecticut | 3 | $ 761,000 | $ 253,666 | $ 146,000 |
| Hampden, Massachusetts | 3 | $ 408,000 | $ 136,000 | $ 36,000 |
| Rockingham, New Hampshire | 3 | $ 184,000 | $ 61,333 | $ 49,000 |
| Bristol, Massachusetts | 2 | $ 78,000 | $ 39,000 | $ 33,000 |
| Middlesex, Massachusetts | 2 | $ 68,000 | $ 34,000 | $ 35,000 |
| Worcester, Massachusetts | 2 | $ 94,000 | $ 47,000 | $ 48,000 |
| Litchfield, Connecticut | 1 | $ 131,000 | $ 131,000 | $ 64,000 |
| New London, Connecticut | 1 | $ 141,000 | $ 141,000 | $ 154,000 |
| Windham, Connecticut | 1 | $ 19,000 | $ 19,000 | $ 26,000 |
| York, Maine | 1 | $ 207,000 | $ 207,000 | $ 93,000 |
| Carroll, Maryland | 1 | $ 250,000 | $ 250,000 | $ 82,000 |
| Norfolk, Massachusetts | 1 | $ 51,000 | $ 51,000 | $ 47,000 |
| Plymouth, Massachusetts | 1 | $ 49,000 | $ 49,000 | $ 38,000 |
| Merrimack, New Hampshire | 1 | $ 15,000 | $ 15,000 | $ 24,000 |
| Providence, Rhode Island | 1 | $ 27,000 | $ 27,000 | $ 26,000 |
| Washington, Rhode Island | 1 | $ 410,000 | $ 410,000 | $ 255,000 |
Mortgage Loan Application Detail Totals for Enfield Federal Savings& Loan in 2008
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 | 79 | $11,068,000 | $140,000 | $800,000 | $78,000 | $401,000 |
| Refinancing | 72 | $11,576,000 | $160,000 | $410,000 | $108,000 | $583,000 |
| Home Improvement | 21 | $2,019,000 | $96,000 | $265,000 | $120,000 | $470,000 |
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 | 161 | $22,972,000 | $142,000 | $800,000 | $97,000 | $583,000 |
| Not applicable | 3 | $657,000 | $219,000 | $332,000 | $39,000 | $74,000 |
| Asian | 3 | $391,000 | $130,000 | $176,000 | $104,000 | $198,000 |
| Black or African American | 3 | $434,000 | $144,000 | $205,000 | $96,000 | $181,000 |
| Not Provided | 2 | $209,000 | $104,000 | $150,000 | $53,000 | $63,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 172 | $24,663,000 | $143,000 | $800,000 | $96,000 | $583,000 |
| 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 | 92 | $13,958,000 | $151,000 | $410,000 | $113,000 | $583,000 |
| Loan Purchased By The Institution | 33 | $1,378,000 | $41,000 | $112,000 | $52,000 | $401,000 |
| Application Denied By Financial Institution | 24 | $4,575,000 | $190,000 | $800,000 | $81,000 | $215,000 |
| Application Withdrawn By Applicant | 17 | $3,328,000 | $195,000 | $383,000 | $104,000 | $279,000 |
| File Closed For Incompleteness | 5 | $1,156,000 | $231,000 | $320,000 | $125,000 | $167,000 |
| Application Approved But Not Accepted | 1 | $268,000 | $268,000 | $268,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 6 | $1,002,000 | $167,000 | $243,000 | $66,000 | $143,000 |
| Mortgage Insurance Denied | 6 | $1,322,000 | $220,000 | $311,000 | $79,000 | $109,000 |
| Credit History | 4 | $430,000 | $107,000 | $205,000 | $81,000 | $121,000 |
| Collateral | 3 | $1,090,000 | $363,000 | $800,000 | $152,000 | $215,000 |
| Credit Application Incomplete | 3 | $351,000 | $117,000 | $176,000 | $52,000 | $65,000 |
| Other | 2 | $380,000 | $190,000 | $250,000 | $74,000 | $80,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Enfield Federal Savings& Loan's 2008 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 Enfield Federal Savings& Loan'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.
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