Naugatuck Valley S&L Mortgage Lending & HMDA Data, 2015
In 2015, Naugatuck Valley S&L of Naugatuck, CT reported 235 mortgage applications totaling $58.3 million. The average application was for $247,893, and applicants reported an average income of $131,429. 78% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Bridgeport-Stamford-Norwalk, CT (108), New Haven-Milford, CT (92) and Hartford-West Hartford-East Hartford, CT (6) (applications in parentheses).
| Mortgage Company & Address | Naugatuck Valley S&L 333 Church Street Naugatuck, CT 06770 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 |
| Total Number of Mortgage Applications | 235 |
| Total Mortgage Loan Application Amount | $58,255,000 |
| Average Mortgage Loan Application Amount | $247,893 |
| Highest Mortgage Loan Application Amount | $991,000 |
| Average Applicant Income | $131,429 |
| Highest Applicant Income | $730,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Naugatuck Valley S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bridgeport-Stamford-Norwalk, CT | 108 | $ 34,131,000 | $ 316,027 | $ 157,000 |
| New Haven-Milford, CT | 92 | $ 14,840,000 | $ 161,304 | $ 106,000 |
| Hartford-West Hartford-East Hartford, CT | 6 | $ 1,028,000 | $ 171,333 | $ 103,000 |
Mortgage Loan Application Detail Totals for Naugatuck Valley S&L 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 | 154 | $41,222,000 | $267,000 | $942,000 | $126,000 | $730,000 |
| Refinancing | 76 | $15,688,000 | $206,000 | $912,000 | $142,000 | $554,000 |
| Home Improvement | 5 | $1,345,000 | $269,000 | $991,000 | $138,000 | $370,000 |
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 | 199 | $49,760,000 | $250,000 | $991,000 | $132,000 | $730,000 |
| Hispanic | 14 | $2,827,000 | $201,000 | $460,000 | $115,000 | $545,000 |
| Asian | 8 | $2,700,000 | $337,000 | $413,000 | $169,000 | $282,000 |
| Black or African American | 8 | $2,059,000 | $257,000 | $612,000 | $120,000 | $312,000 |
| Not Provided | 6 | $909,000 | $151,000 | $298,000 | $118,000 | $182,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 190 | $46,373,000 | $244,000 | $991,000 | $135,000 | $730,000 |
| FHA-insured (Federal Housing Administration) | 45 | $11,882,000 | $264,000 | $499,000 | $115,000 | $464,000 |
| 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 | 184 | $46,533,000 | $252,000 | $991,000 | $130,000 | $730,000 |
| Application Denied By Financial Institution | 26 | $4,934,000 | $189,000 | $840,000 | $109,000 | $400,000 |
| Application Withdrawn By Applicant | 13 | $3,286,000 | $252,000 | $404,000 | $112,000 | $212,000 |
| Application Approved But Not Accepted | 10 | $2,987,000 | $298,000 | $601,000 | $196,000 | $554,000 |
| File Closed For Incompleteness | 2 | $515,000 | $257,000 | $450,000 | $345,000 | $567,000 |
| 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 | 8 | $1,947,000 | $243,000 | $840,000 | $67,000 | $167,000 |
| Credit History | 7 | $943,000 | $134,000 | $305,000 | $96,000 | $201,000 |
| Collateral | 5 | $812,000 | $162,000 | $412,000 | $113,000 | $226,000 |
| Other | 4 | $738,000 | $184,000 | $490,000 | $158,000 | $354,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $64,000 | $64,000 | $64,000 | $36,000 | $36,000 |
| Credit Application Incomplete | 1 | $430,000 | $430,000 | $430,000 | $400,000 | $400,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Naugatuck Valley S&L'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 Naugatuck Valley S&L'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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