Fairfield County Bank Mortgage Lending & HMDA Data, 2023
In 2023, Fairfield County Bank of Ridgefield, CT reported 233 mortgage applications totaling $206.1 million, down 31% from 2022. The average application was for $884,742, and applicants reported an average income of $279,600. 73% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Bridgeport-Stamford-Norwalk, CT (174), New York-Jersey City-White Plains, NY-NJ (29) and Hartford-West Hartford-East Hartford, CT (13) (applications in parentheses).
| Mortgage Company & Address | Fairfield County Bank 150 Danbury Road Ridgefield, CT 06877 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 233 |
| Total Mortgage Loan Application Amount | $206,145,000 |
| Average Mortgage Loan Application Amount | $884,742 |
| Highest Mortgage Loan Application Amount | $55,005,000 |
| Average Applicant Income | $279,600 |
| Highest Applicant Income | $1,593,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fairfield County Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bridgeport-Stamford-Norwalk, CT | 174 | $ 109,710,000 | $ 630,517 | $ 287,000 |
| New York-Jersey City-White Plains, NY-NJ | 29 | $ 28,565,000 | $ 985,000 | $ 339,000 |
| Hartford-West Hartford-East Hartford, CT | 13 | $ 6,985,000 | $ 537,307 | $ 264,000 |
| New Haven-Milford, CT | 13 | $ 3,725,000 | $ 286,538 | $ 157,000 |
| Outside any metro area | 2 | $ 820,000 | $ 410,000 | $ 212,000 |
| Nassau County-Suffolk County, NY | 1 | $ 1,335,000 | $ 1,335,000 | $ 223,000 |
| Norwich-New London, CT | 1 | $ 55,005,000 | $ 55,005,000 | $ 0 |
Mortgage Loan Application Detail Totals for Fairfield County Bank in 2023
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 | 205 | $187,855,000 | $916,000 | $55,005,000 | $288,000 | $1,593,000 |
| Refinancing | 12 | $10,590,000 | $882,000 | $5,105,000 | $194,000 | $301,000 |
| Cash-out Refinancing | 8 | $2,410,000 | $301,000 | $725,000 | $133,000 | $233,000 |
| Home Improvement | 5 | $4,745,000 | $949,000 | $3,425,000 | $507,000 | $705,000 |
| Other Purpose | 3 | $545,000 | $181,000 | $285,000 | $60,000 | $60,000 |
| Not Applicable | 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 | 121 | $72,765,000 | $601,000 | $1,455,000 | $285,000 | $1,593,000 |
| Not applicable | 55 | $100,835,000 | $1,833,000 | $55,005,000 | $0 | $0 |
| Not Provided | 27 | $17,465,000 | $646,000 | $1,335,000 | $308,000 | $904,000 |
| Asian | 13 | $6,655,000 | $511,000 | $955,000 | $280,000 | $705,000 |
| Hispanic | 9 | $5,255,000 | $583,000 | $1,005,000 | $294,000 | $525,000 |
| Black or African American | 4 | $1,020,000 | $255,000 | $445,000 | $125,000 | $250,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 233 | $206,145,000 | $884,000 | $55,005,000 | $284,000 | $1,593,000 |
| 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 | 170 | $171,960,000 | $1,011,000 | $55,005,000 | $296,000 | $1,593,000 |
| Loan Purchased By The Institution | 34 | $9,730,000 | $286,000 | $545,000 | $0 | $0 |
| Application Denied By Financial Institution | 11 | $11,035,000 | $1,003,000 | $5,105,000 | $150,000 | $411,000 |
| Application Withdrawn By Applicant | 11 | $5,285,000 | $480,000 | $975,000 | $217,000 | $449,000 |
| Application Approved But Not Accepted | 6 | $7,930,000 | $1,321,000 | $3,605,000 | $434,000 | $668,000 |
| File Closed For Incompleteness | 1 | $205,000 | $205,000 | $205,000 | $150,000 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 222 | $195,110,000 | $878,000 | $55,005,000 | $292,000 | $1,593,000 |
| Debt-To-Income Ratio | 10 | $10,230,000 | $1,023,000 | $5,105,000 | $121,000 | $234,000 |
| Collateral | 1 | $805,000 | $805,000 | $805,000 | $411,000 | $411,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fairfield County Bank's 2023 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 Fairfield County Bank'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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