Naugatuck Valley S & L Mortgage Lending & HMDA Data, 2014
In 2014, Naugatuck Valley S & L of Naugatuck, CT reported 288 mortgage applications totaling $71.4 million, down 35% from 2013. The average application was for $248,076, and applicants reported an average income of $103,388. 82% of its applications resulted in an originated loan and 11% were denied. Its largest markets were New Haven-Milford, CT (165), Bridgeport-Stamford-Norwalk, CT (77) and Hartford-West Hartford-East Hartford, CT (3) (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 | 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 288 |
| Total Mortgage Loan Application Amount | $71,446,000 |
| Average Mortgage Loan Application Amount | $248,076 |
| Highest Mortgage Loan Application Amount | $2,427,000 |
| Average Applicant Income | $103,388 |
| Highest Applicant Income | $1,800,000 |
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(HMDA) records Naugatuck Valley S & L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Naugatuck Valley S & L in 2014
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 | 174 | $41,113,000 | $236,000 | $1,320,000 | $93,000 | $553,000 |
| Refinancing | 94 | $21,804,000 | $231,000 | $2,427,000 | $111,000 | $710,000 |
| Home Improvement | 20 | $8,529,000 | $426,000 | $2,325,000 | $158,000 | $1,800,000 |
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 | 224 | $51,299,000 | $229,000 | $2,427,000 | $126,000 | $1,800,000 |
| Not applicable | 50 | $16,890,000 | $337,000 | $2,325,000 | $0 | $0 |
| Hispanic | 5 | $953,000 | $190,000 | $318,000 | $90,000 | $146,000 |
| Asian | 4 | $1,509,000 | $377,000 | $576,000 | $183,000 | $261,000 |
| Black or African American | 4 | $701,000 | $175,000 | $289,000 | $76,000 | $110,000 |
| Not Provided | 1 | $94,000 | $94,000 | $94,000 | $72,000 | $72,000 |
| American Indian or Alaskan Native | 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) | 261 | $64,478,000 | $247,000 | $2,427,000 | $105,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 26 | $6,877,000 | $264,000 | $575,000 | $92,000 | $236,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $91,000 | $91,000 | $91,000 | $28,000 | $28,000 |
| 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 | 236 | $57,412,000 | $243,000 | $2,427,000 | $108,000 | $1,800,000 |
| Application Denied By Financial Institution | 32 | $5,355,000 | $167,000 | $500,000 | $73,000 | $268,000 |
| Application Approved But Not Accepted | 12 | $2,970,000 | $247,000 | $756,000 | $115,000 | $373,000 |
| Application Withdrawn By Applicant | 8 | $5,709,000 | $713,000 | $2,325,000 | $74,000 | $284,000 |
| 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 | 18 | $2,898,000 | $161,000 | $324,000 | $34,000 | $136,000 |
| Credit History | 9 | $1,571,000 | $174,000 | $500,000 | $135,000 | $268,000 |
| Collateral | 5 | $886,000 | $177,000 | $300,000 | $99,000 | $231,000 |
| Credit Application Incomplete | 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 2014 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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