Naugatuck Valley S & L Mortgage Lending & HMDA Data, 2012
In 2012, Naugatuck Valley S & L of Naugatuck, CT reported 616 mortgage applications totaling $138.8 million, up 12% from 2011. The average application was for $225,334, and applicants reported an average income of $111,715. 80% of its applications resulted in an originated loan and 13% were denied. Its largest markets were New Haven-Milford, CT (364), Bridgeport-Stamford-Norwalk, CT (144) and Hartford-West Hartford-East Hartford, CT (41) (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 | 616 |
| Total Mortgage Loan Application Amount | $138,806,000 |
| Average Mortgage Loan Application Amount | $225,334 |
| Highest Mortgage Loan Application Amount | $1,250,000 |
| Average Applicant Income | $111,715 |
| Highest Applicant Income | $628,000 |
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(HMDA) records Naugatuck Valley S & L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New Haven, Connecticut | 364 | $ 68,197,000 | $ 187,354 | $ 95,000 |
| Fairfield, Connecticut | 144 | $ 44,126,000 | $ 306,430 | $ 145,000 |
| Litchfield, Connecticut | 65 | $ 16,112,000 | $ 247,876 | $ 126,000 |
| Hartford, Connecticut | 34 | $ 8,212,000 | $ 241,529 | $ 114,000 |
| Middlesex, Connecticut | 7 | $ 1,564,000 | $ 223,428 | $ 138,000 |
| New London, Connecticut | 2 | $ 595,000 | $ 297,500 | $ 154,000 |
Mortgage Loan Application Detail Totals for Naugatuck Valley S & L in 2012
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 | 353 | $77,395,000 | $219,000 | $1,250,000 | $115,000 | $628,000 |
| Home Purchase | 236 | $56,016,000 | $237,000 | $912,000 | $107,000 | $574,000 |
| Home Improvement | 27 | $5,395,000 | $199,000 | $900,000 | $110,000 | $292,000 |
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 | 544 | $122,262,000 | $224,000 | $1,250,000 | $112,000 | $628,000 |
| Asian | 24 | $6,320,000 | $263,000 | $702,000 | $119,000 | $262,000 |
| Hispanic | 21 | $3,522,000 | $167,000 | $580,000 | $94,000 | $175,000 |
| Black or African American | 12 | $2,889,000 | $240,000 | $460,000 | $121,000 | $452,000 |
| Not Provided | 11 | $2,732,000 | $248,000 | $454,000 | $90,000 | $194,000 |
| Not applicable | 3 | $683,000 | $227,000 | $417,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $398,000 | $398,000 | $398,000 | $198,000 | $198,000 |
| 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) | 566 | $126,316,000 | $223,000 | $1,250,000 | $114,000 | $628,000 |
| FHA-insured (Federal Housing Administration) | 45 | $10,920,000 | $242,000 | $702,000 | $82,000 | $260,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,570,000 | $314,000 | $510,000 | $89,000 | $136,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 491 | $107,954,000 | $219,000 | $978,000 | $113,000 | $603,000 |
| Application Denied By Financial Institution | 81 | $19,541,000 | $241,000 | $1,250,000 | $102,000 | $628,000 |
| Application Approved But Not Accepted | 26 | $6,556,000 | $252,000 | $900,000 | $114,000 | $342,000 |
| Application Withdrawn By Applicant | 16 | $3,593,000 | $224,000 | $480,000 | $89,000 | $261,000 |
| File Closed For Incompleteness | 2 | $1,162,000 | $581,000 | $900,000 | $179,000 | $292,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 38 | $9,620,000 | $253,000 | $1,250,000 | $123,000 | $628,000 |
| Debt-To-Income Ratio | 16 | $3,291,000 | $205,000 | $409,000 | $58,000 | $137,000 |
| Credit History | 12 | $2,512,000 | $209,000 | $370,000 | $75,000 | $127,000 |
| Credit Application Incomplete | 8 | $1,975,000 | $246,000 | $417,000 | $106,000 | $173,000 |
| Other | 5 | $1,947,000 | $389,000 | $750,000 | $151,000 | $240,000 |
| Unverifiable Information | 1 | $191,000 | $191,000 | $191,000 | $108,000 | $108,000 |
| Employment History | 1 | $5,000 | $5,000 | $5,000 | $58,000 | $58,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Naugatuck Valley S & L's 2012 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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