Naugatuck Valley Savings &Loan Mortgage Lending & HMDA Data, 2009
In 2009, Naugatuck Valley Savings &Loan of Naugatuck, CT reported 355 mortgage applications totaling $70.6 million, up 16% from 2008. The average application was for $198,749, and applicants reported an average income of $108,239. 83% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New Haven-Milford, CT (282), Bridgeport-Stamford-Norwalk, CT (19) and Hartford-West Hartford-East Hartford, CT (17) (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 | 355 |
| Total Mortgage Loan Application Amount | $70,556,000 |
| Average Mortgage Loan Application Amount | $198,749 |
| Highest Mortgage Loan Application Amount | $1,387,000 |
| Average Applicant Income | $108,239 |
| Highest Applicant Income | $1,170,000 |
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records Naugatuck Valley Savings &Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 282 | $ 53,591,000 | $ 190,039 | $ 110,000 |
| Bridgeport-Stamford-Norwalk, CT | 19 | $ 4,175,000 | $ 219,736 | $ 110,000 |
| Hartford-West Hartford-East Hartford, CT | 17 | $ 3,653,000 | $ 214,882 | $ 82,000 |
Mortgage Loan Application Detail Totals for Naugatuck Valley Savings &Loan in 2009
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 | 186 | $38,060,000 | $204,000 | $720,000 | $112,000 | $1,170,000 |
| Home Purchase | 159 | $31,526,000 | $198,000 | $1,387,000 | $107,000 | $780,000 |
| Home Improvement | 10 | $970,000 | $97,000 | $300,000 | $58,000 | $139,000 |
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 | 313 | $62,902,000 | $200,000 | $1,387,000 | $113,000 | $1,170,000 |
| Hispanic | 14 | $2,146,000 | $153,000 | $230,000 | $107,000 | $466,000 |
| Asian | 13 | $3,429,000 | $263,000 | $361,000 | $115,000 | $193,000 |
| Not applicable | 11 | $1,456,000 | $132,000 | $300,000 | $0 | $0 |
| Black or African American | 3 | $483,000 | $161,000 | $190,000 | $59,000 | $73,000 |
| American Indian or Alaskan Native | 1 | $140,000 | $140,000 | $140,000 | $36,000 | $36,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 335 | $67,187,000 | $200,000 | $1,387,000 | $111,000 | $1,170,000 |
| FHA-insured (Federal Housing Administration) | 20 | $3,369,000 | $168,000 | $265,000 | $67,000 | $148,000 |
| 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 | 293 | $58,529,000 | $199,000 | $1,387,000 | $99,000 | $737,000 |
| Application Denied By Financial Institution | 37 | $6,543,000 | $176,000 | $387,000 | $126,000 | $605,000 |
| Application Withdrawn By Applicant | 20 | $4,698,000 | $234,000 | $490,000 | $214,000 | $1,170,000 |
| Application Approved But Not Accepted | 4 | $693,000 | $173,000 | $356,000 | $100,000 | $146,000 |
| File Closed For Incompleteness | 1 | $93,000 | $93,000 | $93,000 | $28,000 | $28,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 10 | $2,068,000 | $206,000 | $358,000 | $152,000 | $605,000 |
| Debt-To-Income Ratio | 9 | $1,030,000 | $114,000 | $245,000 | $67,000 | $145,000 |
| Collateral | 6 | $1,216,000 | $202,000 | $387,000 | $189,000 | $576,000 |
| Credit History | 5 | $1,099,000 | $219,000 | $357,000 | $111,000 | $157,000 |
| Mortgage Insurance Denied | 3 | $586,000 | $195,000 | $250,000 | $75,000 | $89,000 |
| Other | 2 | $309,000 | $154,000 | $211,000 | $78,000 | $117,000 |
| Unverifiable Information | 1 | $120,000 | $120,000 | $120,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $115,000 | $115,000 | $115,000 | $466,000 | $466,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Naugatuck Valley Savings &Loan's 2009 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.
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