Farm Credit East Aca Mortgage Lending & HMDA Data, 2019
In 2019, Farm Credit East Aca of Enfield, CT reported 471 mortgage applications totaling $118.9 million, up 1% from 2018. The average application was for $252,515, and applicants reported an average income of $127,936. 71% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Utica-Rome, NY (42), Syracuse, NY (35) and Rochester, NY (31) (applications in parentheses).
| Mortgage Company & Address | Farm Credit East Aca 240 South Road Enfield, CT 06082 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 |
| Total Number of Mortgage Applications | 471 |
| Total Mortgage Loan Application Amount | $118,935,000 |
| Average Mortgage Loan Application Amount | $252,515 |
| Highest Mortgage Loan Application Amount | $2,305,000 |
| Average Applicant Income | $127,936 |
| Highest Applicant Income | $2,523,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farm Credit East Aca filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 160 | $ 26,580,000 | $ 166,125 | $ 92,593 |
| Utica-Rome, NY | 42 | $ 8,140,000 | $ 193,809 | $ 96,000 |
| Syracuse, NY | 35 | $ 5,405,000 | $ 154,428 | $ 99,000 |
| Rochester, NY | 31 | $ 5,545,000 | $ 178,870 | $ 74,000 |
| Albany-Schenectady-Troy, NY | 20 | $ 5,610,000 | $ 280,500 | $ 126,000 |
| Glens Falls, NY | 19 | $ 3,845,000 | $ 202,368 | $ 95,000 |
| Newark, NJ-PA | 16 | $ 8,340,000 | $ 521,250 | $ 239,000 |
| Camden, NJ | 15 | $ 4,545,000 | $ 303,000 | $ 177,000 |
| Hartford-West Hartford-East Hartford, CT | 14 | $ 4,810,000 | $ 343,571 | $ 150,000 |
| New York-Newark, NY | 13 | $ 5,125,000 | $ 394,230 | $ 150,615 |
| Providence-Warwick, RI-MA | 11 | $ 5,355,000 | $ 486,818 | $ 400,000 |
| Nassau County-Suffolk County, NY | 8 | $ 5,720,000 | $ 715,000 | $ 311,000 |
| Springfield, MA | 8 | $ 2,580,000 | $ 322,500 | $ 263,000 |
| Wilmington, DE-MD-NJ | 8 | $ 1,950,000 | $ 243,750 | $ 169,375 |
| Worcester, MA-CT | 8 | $ 2,260,000 | $ 282,500 | $ 148,500 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 6 | $ 1,170,000 | $ 195,000 | $ 107,000 |
| Cambridge-Newton-Framingham, MA | 6 | $ 3,400,000 | $ 566,666 | $ 182,000 |
| Atlantic City-Hammonton, NJ | 5 | $ 1,305,000 | $ 261,000 | $ 139,000 |
| Binghamton, NY | 5 | $ 645,000 | $ 129,000 | $ 66,000 |
| Vineland-Bridgeton, NJ | 5 | $ 1,195,000 | $ 239,000 | $ 102,000 |
| Watertown-Fort Drum, NY | 5 | $ 1,175,000 | $ 235,000 | $ 106,000 |
| Portland-South Portland, ME | 4 | $ 870,000 | $ 217,500 | $ 73,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 3 | $ 1,065,000 | $ 355,000 | $ 71,000 |
| Boston, MA | 3 | $ 955,000 | $ 318,333 | $ 177,000 |
| Ithaca, NY | 3 | $ 1,565,000 | $ 521,666 | $ 187,000 |
| Manchester-Nashua, NH | 3 | $ 2,205,000 | $ 735,000 | $ 298,000 |
| Rockingham County-Strafford County, NH | 3 | $ 635,000 | $ 211,666 | $ 108,000 |
| Kingston, NY | 2 | $ 510,000 | $ 255,000 | $ 151,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 620,000 | $ 310,000 | $ 156,000 |
| Norwich-New London, CT | 2 | $ 610,000 | $ 305,000 | $ 167,000 |
| Pittsfield, MA | 2 | $ 770,000 | $ 385,000 | $ 41,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 2,305,000 | $ 2,305,000 | $ 526,000 |
| Lewiston-Auburn, ME | 1 | $ 255,000 | $ 255,000 | $ 83,000 |
| Ocean City, NJ | 1 | $ 235,000 | $ 235,000 | $ 85,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,635,000 | $ 1,635,000 | $ 712,000 |
Mortgage Loan Application Detail Totals for Farm Credit East Aca in 2019
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 | 312 | $77,150,000 | $247,000 | $2,305,000 | $119,000 | $712,000 |
| Refinancing | 114 | $29,480,000 | $258,000 | $1,205,000 | $130,000 | $988,000 |
| Home Improvement | 38 | $9,270,000 | $243,000 | $1,255,000 | $124,000 | $563,000 |
| Other Purpose | 7 | $3,035,000 | $433,000 | $1,905,000 | $514,000 | $2,523,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 449 | $111,145,000 | $247,000 | $2,305,000 | $127,000 | $2,523,000 |
| Not Provided | 10 | $2,240,000 | $224,000 | $485,000 | $127,000 | $276,000 |
| Not applicable | 7 | $2,995,000 | $427,000 | $1,205,000 | $0 | $0 |
| Hispanic | 3 | $555,000 | $185,000 | $305,000 | $79,000 | $114,000 |
| Asian | 1 | $1,765,000 | $1,765,000 | $1,765,000 | $489,000 | $489,000 |
| Black or African American | 1 | $235,000 | $235,000 | $235,000 | $113,000 | $113,000 |
| 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) | 471 | $118,935,000 | $252,000 | $2,305,000 | $128,000 | $2,523,000 |
| 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 | 333 | $83,505,000 | $250,000 | $1,905,000 | $134,000 | $2,523,000 |
| Application Withdrawn By Applicant | 49 | $13,955,000 | $284,000 | $1,205,000 | $130,000 | $659,000 |
| Application Denied By Financial Institution | 47 | $13,645,000 | $290,000 | $2,305,000 | $116,000 | $526,000 |
| Application Approved But Not Accepted | 23 | $5,065,000 | $220,000 | $705,000 | $116,000 | $361,000 |
| File Closed For Incompleteness | 19 | $2,765,000 | $145,000 | $325,000 | $52,000 | $133,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 424 | $105,290,000 | $248,000 | $1,905,000 | $129,000 | $2,523,000 |
| Credit History | 21 | $6,115,000 | $291,000 | $2,305,000 | $127,000 | $526,000 |
| Debt-To-Income Ratio | 19 | $4,735,000 | $249,000 | $755,000 | $91,000 | $199,000 |
| Collateral | 3 | $985,000 | $328,000 | $455,000 | $93,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $840,000 | $420,000 | $485,000 | $219,000 | $233,000 |
| Other | 1 | $785,000 | $785,000 | $785,000 | $298,000 | $298,000 |
| Employment History | 1 | $185,000 | $185,000 | $185,000 | $41,000 | $41,000 |
| 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 Farm Credit East Aca's 2019 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 Farm Credit East Aca'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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