Enfield Federal Savings& Loan Mortgage Lending & HMDA Data, 2006
In 2006, Enfield Federal Savings& Loan of Enfield, CT reported 250 mortgage applications totaling $30.5 million, up 10% from 2005. The average application was for $122,080, and applicants reported an average income of $91,832. 84% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (223), Springfield, MA (12) and Worcester, MA (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 | 250 |
| Total Mortgage Loan Application Amount | $30,520,000 |
| Average Mortgage Loan Application Amount | $122,080 |
| Highest Mortgage Loan Application Amount | $620,000 |
| Average Applicant Income | $91,832 |
| Highest Applicant Income | $542,000 |
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records Enfield Federal Savings& Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hartford-West Hartford-East Hartford, CT | 223 | $ 26,529,000 | $ 118,964 | $ 94,000 |
| Springfield, MA | 12 | $ 2,404,000 | $ 200,333 | $ 106,000 |
| Worcester, MA | 5 | $ 338,000 | $ 67,600 | $ 41,000 |
| Boston-Quincy, MA | 4 | $ 319,000 | $ 79,750 | $ 36,000 |
| Norwich-New London, CT | 3 | $ 450,000 | $ 150,000 | $ 22,000 |
| Providence-New Bedford-Fall River, RI-MA | 2 | $ 450,000 | $ 225,000 | $ 170,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 30,000 | $ 30,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Enfield Federal Savings& Loan in 2006
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 | 93 | $16,282,000 | $175,000 | $620,000 | $99,000 | $542,000 |
| Refinancing | 92 | $10,812,000 | $117,000 | $344,000 | $88,000 | $330,000 |
| Home Improvement | 65 | $3,426,000 | $52,000 | $255,000 | $87,000 | $302,000 |
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 | 229 | $27,020,000 | $117,000 | $620,000 | $94,000 | $542,000 |
| Black or African American | 10 | $1,491,000 | $149,000 | $255,000 | $84,000 | $159,000 |
| Not Provided | 5 | $1,264,000 | $252,000 | $315,000 | $44,000 | $117,000 |
| Asian | 4 | $610,000 | $152,000 | $262,000 | $92,000 | $116,000 |
| American Indian or Alaskan Native | 1 | $65,000 | $65,000 | $65,000 | $33,000 | $33,000 |
| Hispanic | 1 | $70,000 | $70,000 | $70,000 | $32,000 | $32,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 250 | $30,520,000 | $122,000 | $620,000 | $92,000 | $542,000 |
| 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 | 210 | $26,750,000 | $127,000 | $620,000 | $95,000 | $542,000 |
| Loan Purchased By The Institution | 14 | $705,000 | $50,000 | $104,000 | $36,000 | $65,000 |
| Application Denied By Financial Institution | 13 | $1,414,000 | $108,000 | $360,000 | $82,000 | $162,000 |
| Application Withdrawn By Applicant | 13 | $1,651,000 | $127,000 | $255,000 | $106,000 | $228,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $1,212,000 | $202,000 | $360,000 | $89,000 | $140,000 |
| Debt-To-Income Ratio | 5 | $115,000 | $23,000 | $40,000 | $57,000 | $99,000 |
| Collateral | 2 | $87,000 | $43,000 | $50,000 | $128,000 | $162,000 |
| Credit Application Incomplete | 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Enfield Federal Savings& Loan's 2006 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.
For a list of all lenders in Connecticut, download the full spreadsheet
with aggregated HMDA statistics today.
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