Enfield Federal Savings& Loan Mortgage Lending & HMDA Data, 2003
In 2003, Enfield Federal Savings& Loan of Enfield, CT reported 112 mortgage applications totaling $15.2 million. The average application was for $136,151, and applicants reported an average income of $82,232. 90% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Hartford, CT (111) and Springfield, MA (1).
| 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 | 112 |
| Total Mortgage Loan Application Amount | $15,249,000 |
| Average Mortgage Loan Application Amount | $136,151 |
| Highest Mortgage Loan Application Amount | $697,000 |
| Average Applicant Income | $82,232 |
| Highest Applicant Income | $919,000 |
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records Enfield Federal Savings& Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 97 | $ 11,992,000 | $ 123,628 | $ 82,000 |
| Tolland, Connecticut | 14 | $ 2,560,000 | $ 182,857 | $ 92,000 |
| Hampden, Massachusetts | 1 | $ 697,000 | $ 697,000 | $ 441,000 |
Mortgage Loan Application Detail Totals for Enfield Federal Savings& Loan 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) | 68 | $8,099,000 | $119,000 | $400,000 | $60,000 | $855,000 |
| Home Purchase (one-to-four family) | 41 | $7,085,000 | $428,000 | $697,000 | $277,500 | $919,000 |
| Home Improvement (one-to-four family) | 3 | $65,000 | $21,000 | $35,000 | $43,000 | $62,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 111 | $15,151,000 | $414,000 | $697,000 | $265,000 | $919,000 |
| Other | 1 | $98,000 | $98,000 | $98,000 | $48,000 | $48,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 112 | $15,249,000 | $414,000 | $697,000 | $263,000 | $919,000 |
| 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 | 101 | $13,007,000 | $128,000 | $475,000 | $77,000 | $855,000 |
| Application Withdrawn By Applicant | 6 | $1,434,000 | $422,000 | $697,000 | $304,000 | $919,000 |
| Application Approved But Not Accepted | 3 | $516,000 | $172,000 | $270,000 | $67,000 | $90,000 |
| Application Denied By Financial Institution | 2 | $292,000 | $146,000 | $248,000 | $47,000 | $70,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $44,000 | $44,000 | $44,000 | $25,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $248,000 | $248,000 | $248,000 | $70,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Enfield Federal Savings& Loan'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 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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