First Federal Svg Bank Boston Mortgage Lending & HMDA Data, 2015
In 2015, First Federal Svg Bank Boston of Andover, MA reported 2,206 mortgage applications totaling $560.1 million, up 23% from 2014. The average application was for $253,876, and applicants reported an average income of $96,947. 76% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Providence-Warwick, RI-MA (646), Cambridge-Newton-Framingham, MA (552) and Boston, MA (376) (applications in parentheses).
| Mortgage Company & Address | First Federal Svg Bank Boston 100 Brickstone Square Andover, MA 01810 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 2,206 |
| Total Mortgage Loan Application Amount | $560,052,000 |
| Average Mortgage Loan Application Amount | $253,876 |
| Highest Mortgage Loan Application Amount | $1,482,000 |
| Average Applicant Income | $96,947 |
| Highest Applicant Income | $2,492,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Svg Bank Boston filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bristol, Massachusetts | 585 | $ 127,260,000 | $ 217,538 | $ 75,000 |
| Middlesex, Massachusetts | 304 | $ 88,851,000 | $ 292,273 | $ 108,000 |
| Essex, Massachusetts | 248 | $ 67,053,000 | $ 270,375 | $ 91,000 |
| Worcester, Massachusetts | 180 | $ 37,151,000 | $ 206,394 | $ 91,000 |
| Plymouth, Massachusetts | 173 | $ 48,092,000 | $ 277,988 | $ 98,000 |
| Norfolk, Massachusetts | 123 | $ 41,028,000 | $ 333,560 | $ 108,000 |
| Rockingham, New Hampshire | 87 | $ 20,827,000 | $ 239,390 | $ 101,000 |
| Suffolk, Massachusetts | 80 | $ 27,431,000 | $ 342,887 | $ 125,000 |
| Hillsborough, New Hampshire | 66 | $ 14,631,000 | $ 221,681 | $ 93,000 |
| Hampden, Massachusetts | 61 | $ 10,500,000 | $ 172,131 | $ 63,000 |
| Suffolk, New York | 36 | $ 11,651,000 | $ 323,638 | $ 162,000 |
| Newport, Rhode Island | 25 | $ 6,512,000 | $ 260,480 | $ 96,000 |
| Barnstable, Massachusetts | 23 | $ 6,617,000 | $ 287,695 | $ 151,000 |
| Providence, Rhode Island | 23 | $ 4,479,000 | $ 194,739 | $ 85,000 |
| Nassau, New York | 19 | $ 6,646,000 | $ 349,789 | $ 206,000 |
| Hampshire, Massachusetts | 14 | $ 2,790,000 | $ 199,285 | $ 88,000 |
| Cheshire, New Hampshire | 12 | $ 2,232,000 | $ 186,000 | $ 53,000 |
| Merrimack, New Hampshire | 9 | $ 1,902,000 | $ 211,333 | $ 100,000 |
| Hartford, Connecticut | 8 | $ 1,264,000 | $ 158,000 | $ 52,000 |
| Carroll, New Hampshire | 8 | $ 1,354,000 | $ 169,250 | $ 117,000 |
| Cumberland, Maine | 7 | $ 1,964,000 | $ 280,571 | $ 154,000 |
| Washington, Rhode Island | 7 | $ 2,468,000 | $ 352,571 | $ 136,000 |
| Belknap, New Hampshire | 6 | $ 968,000 | $ 161,333 | $ 146,000 |
| New Haven, Connecticut | 5 | $ 1,406,000 | $ 281,200 | $ 131,000 |
| Sarasota, Florida | 5 | $ 790,000 | $ 158,000 | $ 110,000 |
| Saratoga, New York | 5 | $ 1,186,000 | $ 237,200 | $ 79,000 |
| Fairfield, Connecticut | 4 | $ 1,982,000 | $ 495,500 | $ 192,000 |
| Middlesex, Connecticut | 4 | $ 884,000 | $ 221,000 | $ 95,000 |
| Windham, Connecticut | 4 | $ 621,000 | $ 155,250 | $ 59,000 |
| Broward, Florida | 4 | $ 640,000 | $ 160,000 | $ 146,000 |
| Collier, Florida | 4 | $ 974,000 | $ 243,500 | $ 114,000 |
| Strafford, New Hampshire | 4 | $ 658,000 | $ 164,500 | $ 98,000 |
| Bristol, Rhode Island | 4 | $ 979,000 | $ 244,750 | $ 93,000 |
| Tolland, Connecticut | 3 | $ 661,000 | $ 220,333 | $ 72,000 |
| Franklin, Massachusetts | 3 | $ 738,000 | $ 246,000 | $ 69,000 |
| Grafton, New Hampshire | 3 | $ 366,000 | $ 122,000 | $ 64,000 |
| Rutland, Vermont | 3 | $ 712,000 | $ 237,333 | $ 102,000 |
| Hillsborough, Florida | 2 | $ 865,000 | $ 432,500 | $ 242,000 |
| Orange, Florida | 2 | $ 627,000 | $ 313,500 | $ 198,000 |
| Pinellas, Florida | 2 | $ 447,000 | $ 223,500 | $ 183,000 |
| York, Maine | 2 | $ 1,184,000 | $ 592,000 | $ 297,000 |
| Dukes, Massachusetts | 2 | $ 676,000 | $ 338,000 | $ 46,000 |
| Essex, New York | 2 | $ 1,220,000 | $ 610,000 | $ 1,284,000 |
| Orange, New York | 2 | $ 530,000 | $ 265,000 | $ 133,000 |
| Kent, Rhode Island | 2 | $ 491,000 | $ 245,500 | $ 147,000 |
| Charlotte, Florida | 1 | $ 125,000 | $ 125,000 | $ 40,000 |
| Clay, Florida | 1 | $ 215,000 | $ 215,000 | $ 49,000 |
| Lake, Florida | 1 | $ 220,000 | $ 220,000 | $ 140,000 |
| Lee, Florida | 1 | $ 117,000 | $ 117,000 | $ 84,000 |
| Monroe, Florida | 1 | $ 417,000 | $ 417,000 | $ 74,000 |
| Palm Beach, Florida | 1 | $ 616,000 | $ 616,000 | $ 200,000 |
| Polk, Florida | 1 | $ 170,000 | $ 170,000 | $ 68,000 |
| Santa Rosa, Florida | 1 | $ 114,000 | $ 114,000 | $ 76,000 |
| Volusia, Florida | 1 | $ 268,000 | $ 268,000 | $ 169,000 |
| Hamilton, Indiana | 1 | $ 216,000 | $ 216,000 | $ 77,000 |
| Oxford, Maine | 1 | $ 178,000 | $ 178,000 | $ 115,000 |
| Penobscot, Maine | 1 | $ 100,000 | $ 100,000 | $ 22,000 |
| Berkshire, Massachusetts | 1 | $ 168,000 | $ 168,000 | $ 84,000 |
| Sullivan, New Hampshire | 1 | $ 229,000 | $ 229,000 | $ 459,000 |
| Bergen, New Jersey | 1 | $ 220,000 | $ 220,000 | $ 38,000 |
| Middlesex, New Jersey | 1 | $ 168,000 | $ 168,000 | $ 68,000 |
| Monmouth, New Jersey | 1 | $ 313,000 | $ 313,000 | $ 91,000 |
| Morris, New Jersey | 1 | $ 172,000 | $ 172,000 | $ 62,000 |
| Ocean, New Jersey | 1 | $ 102,000 | $ 102,000 | $ 74,000 |
| Bronx, New York | 1 | $ 314,000 | $ 314,000 | $ 150,000 |
| Dutchess, New York | 1 | $ 197,000 | $ 197,000 | $ 181,000 |
| Kings, New York | 1 | $ 502,000 | $ 502,000 | $ 0 |
| New York, New York | 1 | $ 1,069,000 | $ 1,069,000 | $ 501,000 |
| Queens, New York | 1 | $ 13,000 | $ 13,000 | $ 74,000 |
| Richmond, New York | 1 | $ 432,000 | $ 432,000 | $ 114,000 |
| Warren, New York | 1 | $ 132,000 | $ 132,000 | $ 61,000 |
| Mecklenburg, North Carolina | 1 | $ 170,000 | $ 170,000 | $ 140,000 |
| Wake, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 94,000 |
| Davidson, Tennessee | 1 | $ 160,000 | $ 160,000 | $ 63,000 |
| Windham, Vermont | 1 | $ 160,000 | $ 160,000 | $ 137,000 |
| Snohomish, Washington | 1 | $ 302,000 | $ 302,000 | $ 153,000 |
Mortgage Loan Application Detail Totals for First Federal Svg Bank Boston in 2015
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 | 1,212 | $307,165,000 | $253,000 | $1,482,000 | $93,000 | $1,104,000 |
| Refinancing | 745 | $182,608,000 | $245,000 | $1,069,000 | $96,000 | $1,600,000 |
| Home Improvement | 249 | $70,279,000 | $282,000 | $1,000,000 | $119,000 | $2,492,000 |
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 | 1,757 | $447,457,000 | $254,000 | $1,482,000 | $101,000 | $2,492,000 |
| Hispanic | 136 | $33,828,000 | $248,000 | $770,000 | $67,000 | $252,000 |
| Asian | 134 | $34,386,000 | $256,000 | $1,069,000 | $88,000 | $501,000 |
| Not Provided | 115 | $27,179,000 | $236,000 | $510,000 | $80,000 | $252,000 |
| Black or African American | 60 | $16,396,000 | $273,000 | $517,000 | $84,000 | $243,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $312,000 | $156,000 | $181,000 | $64,000 | $83,000 |
| American Indian or Alaskan Native | 2 | $494,000 | $247,000 | $265,000 | $57,000 | $70,000 |
| 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) | 1,586 | $403,229,000 | $254,000 | $1,482,000 | $109,000 | $2,492,000 |
| FHA-insured (Federal Housing Administration) | 498 | $122,838,000 | $246,000 | $594,000 | $65,000 | $286,000 |
| VA-guaranteed (Veterans Administration) | 103 | $29,495,000 | $286,000 | $879,000 | $75,000 | $351,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 19 | $4,490,000 | $236,000 | $417,000 | $64,000 | $105,000 |
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 | 1,677 | $421,452,000 | $251,000 | $1,482,000 | $96,000 | $2,492,000 |
| Application Denied By Financial Institution | 200 | $49,680,000 | $248,000 | $1,069,000 | $85,000 | $675,000 |
| Application Withdrawn By Applicant | 181 | $48,109,000 | $265,000 | $1,000,000 | $116,000 | $1,600,000 |
| File Closed For Incompleteness | 90 | $24,624,000 | $273,000 | $817,000 | $101,000 | $351,000 |
| Application Approved But Not Accepted | 58 | $16,187,000 | $279,000 | $850,000 | $97,000 | $341,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 84 | $21,871,000 | $260,000 | $923,000 | $63,000 | $328,000 |
| Collateral | 47 | $11,489,000 | $244,000 | $1,069,000 | $125,000 | $675,000 |
| Credit History | 32 | $7,953,000 | $248,000 | $408,000 | $83,000 | $173,000 |
| Other | 22 | $4,996,000 | $227,000 | $377,000 | $94,000 | $360,000 |
| Credit Application Incomplete | 10 | $2,356,000 | $235,000 | $570,000 | $99,000 | $265,000 |
| Employment History | 3 | $624,000 | $208,000 | $309,000 | $50,000 | $63,000 |
| Unverifiable Information | 2 | $391,000 | $195,000 | $215,000 | $24,000 | $49,000 |
| 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 First Federal Svg Bank Boston's 2015 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 First Federal Svg Bank Boston'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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