Naugatuck Valley Savings &Loan Mortgage Lending & HMDA Data, 2008
In 2008, Naugatuck Valley Savings &Loan of Naugatuck, CT reported 305 mortgage applications totaling $57.1 million, up 6% from 2007. The average application was for $187,154, and applicants reported an average income of $99,672. 87% of its applications resulted in an originated loan and 7% were denied. Its largest markets were New Haven-Milford, CT (231), Bridgeport-Stamford-Norwalk, CT (19) and Hartford-West Hartford-East Hartford, CT (19) (applications in parentheses).
| Mortgage Company & Address | Naugatuck Valley Savings &Loan 333 Church Street Naugatuck, CT 06770 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 305 |
| Total Mortgage Loan Application Amount | $57,082,000 |
| Average Mortgage Loan Application Amount | $187,154 |
| Highest Mortgage Loan Application Amount | $977,000 |
| Average Applicant Income | $99,672 |
| Highest Applicant Income | $903,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Naugatuck Valley Savings &Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New Haven-Milford, CT | 231 | $ 41,305,000 | $ 178,809 | $ 97,000 |
| Bridgeport-Stamford-Norwalk, CT | 19 | $ 3,461,000 | $ 182,157 | $ 101,000 |
| Hartford-West Hartford-East Hartford, CT | 19 | $ 4,177,000 | $ 219,842 | $ 121,000 |
Mortgage Loan Application Detail Totals for Naugatuck Valley Savings &Loan in 2008
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 | 141 | $29,947,000 | $212,000 | $977,000 | $106,000 | $903,000 |
| Refinancing | 122 | $23,571,000 | $193,000 | $568,000 | $95,000 | $346,000 |
| Home Improvement | 42 | $3,564,000 | $84,000 | $344,000 | $92,000 | $473,000 |
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 | 274 | $50,560,000 | $184,000 | $765,000 | $104,000 | $903,000 |
| Hispanic | 13 | $1,867,000 | $143,000 | $250,000 | $81,000 | $185,000 |
| Not applicable | 9 | $2,814,000 | $312,000 | $977,000 | $0 | $0 |
| Asian | 5 | $1,469,000 | $293,000 | $366,000 | $122,000 | $189,000 |
| Black or African American | 3 | $212,000 | $70,000 | $100,000 | $82,000 | $91,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $160,000 | $160,000 | $160,000 | $80,000 | $80,000 |
| Not Provided | 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) | 305 | $57,082,000 | $187,000 | $977,000 | $100,000 | $903,000 |
| 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 | 264 | $48,597,000 | $184,000 | $977,000 | $101,000 | $903,000 |
| Application Denied By Financial Institution | 22 | $4,383,000 | $199,000 | $765,000 | $82,000 | $288,000 |
| Application Withdrawn By Applicant | 17 | $3,749,000 | $220,000 | $384,000 | $98,000 | $167,000 |
| Application Approved But Not Accepted | 2 | $353,000 | $176,000 | $195,000 | $118,000 | $129,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 9 | $1,601,000 | $177,000 | $325,000 | $68,000 | $99,000 |
| Credit History | 5 | $533,000 | $106,000 | $189,000 | $68,000 | $146,000 |
| Credit Application Incomplete | 4 | $630,000 | $157,000 | $260,000 | $78,000 | $96,000 |
| Mortgage Insurance Denied | 2 | $822,000 | $411,000 | $765,000 | $158,000 | $288,000 |
| Other | 2 | $797,000 | $398,000 | $417,000 | $117,000 | $118,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Naugatuck Valley Savings &Loan's 2008 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 Naugatuck Valley 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About