Scient Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2020
Scient Federal Credit Union 2020 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Scient Federal Credit Union 60 Colver Avenue Groton, CT 06340 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 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 | 320 |
| Total Mortgage Loan Application Amount | $65,090,000 |
| Average Mortgage Loan Application Amount | $193,250 |
| Highest Mortgage Loan Application Amount | $675,000 |
| Average Applicant Income | $146,500 |
| Highest Applicant Income | $1,190,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2020 with Scient Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Scient Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2020 breaks down Scient Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Scient Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Scient Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Scient Federal Credit Union's mortgage activity for 2020.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New London County Connecticut | 163 | $ 29,695,000 | $ 182,000 | $ 139,000 |
| New Haven County Connecticut | 20 | $ 3,650,000 | $ 182,000 | $ 146,000 |
| Middlesex County Connecticut | 18 | $ 3,330,000 | $ 185,000 | $ 149,000 |
| Washington County Rhode Island | 15 | $ 2,265,000 | $ 151,000 | $ 134,000 |
| Hartford County Connecticut | 8 | $ 1,980,000 | $ 247,000 | $ 174,000 |
| San Diego County California | 5 | $ 1,585,000 | $ 317,000 | $ 292,000 |
| Windham County Connecticut | 5 | $ 685,000 | $ 137,000 | $ 136,000 |
| Middlesex County Massachusetts | 5 | $ 1,835,000 | $ 367,000 | $ 244,000 |
| Fairfield County Connecticut | 4 | $ 1,070,000 | $ 267,000 | $ 177,000 |
| Worcester County Massachusetts | 3 | $ 605,000 | $ 201,000 | $ 233,000 |
| Suffolk County New York | 3 | $ 1,405,000 | $ 468,000 | $ 200,000 |
| Essex County New Jersey | 2 | $ 360,000 | $ 180,000 | $ 74,000 |
| Cabarrus County North Carolina | 2 | $ 680,000 | $ 340,000 | $ 122,000 |
| Kent County Rhode Island | 2 | $ 440,000 | $ 220,000 | $ 173,000 |
| Providence County Rhode Island | 2 | $ 570,000 | $ 285,000 | $ 148,000 |
| Arapahoe County Colorado | 1 | $ 255,000 | $ 255,000 | $ 375,000 |
| Broomfield County Colorado | 1 | $ 475,000 | $ 475,000 | $ 334,000 |
| Jefferson County Colorado | 1 | $ 35,000 | $ 35,000 | $ 82,000 |
| Litchfield County Connecticut | 1 | $ 415,000 | $ 415,000 | $ 1,190,000 |
| Sussex County Delaware | 1 | $ 265,000 | $ 265,000 | $ 183,000 |
| St. Lucie County Florida | 1 | $ 295,000 | $ 295,000 | $ 343,000 |
| Dallas County Iowa | 1 | $ 305,000 | $ 305,000 | $ 140,000 |
| Johnson County Kansas | 1 | $ 205,000 | $ 205,000 | $ 122,000 |
| Oxford County Maine | 1 | $ 35,000 | $ 35,000 | $ 28,000 |
| Waldo County Maine | 1 | $ 235,000 | $ 235,000 | $ 116,000 |
| York County Maine | 1 | $ 335,000 | $ 335,000 | $ 411,000 |
| Montgomery County Maryland | 1 | $ 255,000 | $ 255,000 | $ 167,000 |
| Barnstable County Massachusetts | 1 | $ 235,000 | $ 235,000 | $ 384,000 |
| Essex County Massachusetts | 1 | $ 385,000 | $ 385,000 | $ 235,000 |
| Hampden County Massachusetts | 1 | $ 185,000 | $ 185,000 | $ 73,000 |
| Lenawee County Michigan | 1 | $ 225,000 | $ 225,000 | $ 125,000 |
| St. Charles County Missouri | 1 | $ 195,000 | $ 195,000 | $ 153,000 |
| St. Louis County Missouri | 1 | $ 95,000 | $ 95,000 | $ 168,000 |
| Hillsborough County New Hampshire | 1 | $ 45,000 | $ 45,000 | $ 116,000 |
| Gloucester County New Jersey | 1 | $ 185,000 | $ 185,000 | $ 136,000 |
| Middlesex County New Jersey | 1 | $ 315,000 | $ 315,000 | $ 146,000 |
| Morris County New Jersey | 1 | $ 415,000 | $ 415,000 | $ 247,000 |
| Passaic County New Jersey | 1 | $ 175,000 | $ 175,000 | $ 110,000 |
| Somerset County New Jersey | 1 | $ 45,000 | $ 45,000 | $ 148,000 |
| Union County New Jersey | 1 | $ 35,000 | $ 35,000 | $ 72,000 |
| Nassau County New York | 1 | $ 415,000 | $ 415,000 | $ 135,000 |
| New York County New York | 1 | $ 65,000 | $ 65,000 | $ 155,000 |
| Queens County New York | 1 | $ 675,000 | $ 675,000 | $ 375,000 |
| Saratoga County New York | 1 | $ 315,000 | $ 315,000 | $ 213,000 |
| Westchester County New York | 1 | $ 335,000 | $ 335,000 | $ 219,000 |
| Wake County North Carolina | 1 | $ 255,000 | $ 255,000 | $ 122,000 |
| Bucks County Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 158,000 |
| Lancaster County Pennsylvania | 1 | $ 465,000 | $ 465,000 | $ 53,000 |
| York County Pennsylvania | 1 | $ 235,000 | $ 235,000 | $ 125,000 |
| Newport County Rhode Island | 1 | $ 55,000 | $ 55,000 | $ 155,000 |
| Horry County South Carolina | 1 | $ 85,000 | $ 85,000 | $ 243,000 |
| Windham County Vermont | 1 | $ 305,000 | $ 305,000 | $ 184,000 |
| Fairfax County Virginia | 1 | $ 315,000 | $ 315,000 | $ 120,000 |
| James City County Virginia | 1 | $ 75,000 | $ 75,000 | $ 114,000 |
| Loudoun County Virginia | 1 | $ 375,000 | $ 375,000 | $ 213,000 |
| Louisa County Virginia | 1 | $ 105,000 | $ 105,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for Scient Federal Credit Union in 2020
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 | 120 | $25,930,000 | $216,000 | $495,000 | $161,000 | $1,190,000 |
| Cash-out Refinancing | 84 | $21,780,000 | $259,000 | $675,000 | $166,000 | $500,000 |
| Home Purchase | 58 | $13,670,000 | $235,000 | $515,000 | $113,000 | $343,000 |
| Other Purpose | 58 | $3,710,000 | $63,000 | $315,000 | $146,000 | $458,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement | 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 | 269 | $53,575,000 | $199,000 | $535,000 | $150,000 | $1,190,000 |
| Hispanic | 17 | $3,155,000 | $185,000 | $675,000 | $147,000 | $500,000 |
| Asian | 15 | $4,445,000 | $296,000 | $515,000 | $188,000 | $449,000 |
| Black or African American | 11 | $2,445,000 | $222,000 | $475,000 | $144,000 | $384,000 |
| American Indian or Alaskan Native | 3 | $305,000 | $101,000 | $125,000 | $39,000 | $52,000 |
| Not Provided | 3 | $795,000 | $265,000 | $405,000 | $202,000 | $418,000 |
| 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) | 320 | $65,090,000 | $203,000 | $675,000 | $151,000 | $1,190,000 |
| 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 | 204 | $42,950,000 | $210,000 | $535,000 | $165,000 | $500,000 |
| Application Withdrawn By Applicant | 39 | $8,245,000 | $211,000 | $415,000 | $166,000 | $1,190,000 |
| Application Denied By Financial Institution | 32 | $5,130,000 | $160,000 | $465,000 | $97,000 | $458,000 |
| File Closed For Incompleteness | 18 | $2,690,000 | $149,000 | $675,000 | $107,000 | $375,000 |
| Preapproval Approved but not Accepted | 14 | $3,110,000 | $222,000 | $395,000 | $113,000 | $249,000 |
| Application Approved But Not Accepted | 7 | $1,525,000 | $217,000 | $475,000 | $153,000 | $328,000 |
| Preapproval Denied by Financial Institution | 6 | $1,440,000 | $240,000 | $515,000 | $76,000 | $170,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 320 | $65,090,000 | $203,000 | $675,000 | $151,000 | $1,190,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Scient Federal Credit Union's 2020 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 Scient Federal Credit Union'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.