Naugatuck Valley S & L Mortgage Lending & HMDA Data, 2013
In 2013, Naugatuck Valley S & L of Naugatuck, CT reported 440 mortgage applications totaling $101.3 million, down 29% from 2012. The average application was for $230,172, and applicants reported an average income of $114,895. 76% of its applications resulted in an originated loan and 14% were denied. Its largest markets were New Haven-Milford, CT (238), Bridgeport-Stamford-Norwalk, CT (104) and Hartford-West Hartford-East Hartford, CT (24) (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 | 440 |
| Total Mortgage Loan Application Amount | $101,276,000 |
| Average Mortgage Loan Application Amount | $230,172 |
| Highest Mortgage Loan Application Amount | $3,200,000 |
| Average Applicant Income | $114,895 |
| Highest Applicant Income | $1,297,000 |
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(HMDA) records Naugatuck Valley S & L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 238 | $ 40,587,000 | $ 170,533 | $ 95,000 |
| Fairfield, Connecticut | 104 | $ 37,545,000 | $ 361,009 | $ 164,000 |
| Litchfield, Connecticut | 71 | $ 15,666,000 | $ 220,647 | $ 105,000 |
| Hartford, Connecticut | 17 | $ 4,642,000 | $ 273,058 | $ 99,000 |
| Middlesex, Connecticut | 5 | $ 1,252,000 | $ 250,400 | $ 196,000 |
| New London, Connecticut | 3 | $ 824,000 | $ 274,666 | $ 119,000 |
| Tolland, Connecticut | 2 | $ 760,000 | $ 380,000 | $ 114,000 |
Mortgage Loan Application Detail Totals for Naugatuck Valley S & L in 2013
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 | 217 | $46,956,000 | $216,000 | $3,200,000 | $111,000 | $1,297,000 |
| Home Purchase | 186 | $48,889,000 | $262,000 | $2,400,000 | $123,000 | $865,000 |
| Home Improvement | 37 | $5,431,000 | $146,000 | $938,000 | $97,000 | $218,000 |
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 | 401 | $91,126,000 | $227,000 | $3,200,000 | $114,000 | $1,297,000 |
| Asian | 13 | $3,973,000 | $305,000 | $960,000 | $159,000 | $422,000 |
| Black or African American | 8 | $2,061,000 | $257,000 | $494,000 | $124,000 | $500,000 |
| Hispanic | 8 | $2,288,000 | $286,000 | $1,080,000 | $148,000 | $525,000 |
| Not applicable | 7 | $1,474,000 | $210,000 | $700,000 | $0 | $0 |
| Not Provided | 2 | $316,000 | $158,000 | $250,000 | $134,000 | $181,000 |
| American Indian or Alaskan Native | 1 | $38,000 | $38,000 | $38,000 | $30,000 | $30,000 |
| 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) | 408 | $94,107,000 | $230,000 | $3,200,000 | $118,000 | $1,297,000 |
| FHA-insured (Federal Housing Administration) | 31 | $6,945,000 | $224,000 | $536,000 | $71,000 | $144,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $224,000 | $224,000 | $224,000 | $90,000 | $90,000 |
| 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 | 333 | $74,484,000 | $223,000 | $3,200,000 | $118,000 | $1,297,000 |
| Application Denied By Financial Institution | 63 | $15,949,000 | $253,000 | $2,400,000 | $97,000 | $365,000 |
| Application Approved But Not Accepted | 28 | $7,062,000 | $252,000 | $760,000 | $126,000 | $388,000 |
| Application Withdrawn By Applicant | 15 | $3,591,000 | $239,000 | $536,000 | $100,000 | $175,000 |
| File Closed For Incompleteness | 1 | $190,000 | $190,000 | $190,000 | $65,000 | $65,000 |
| 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 | 21 | $5,617,000 | $267,000 | $565,000 | $105,000 | $290,000 |
| Debt-To-Income Ratio | 14 | $5,089,000 | $363,000 | $2,400,000 | $68,000 | $337,000 |
| Credit Application Incomplete | 12 | $2,170,000 | $180,000 | $392,000 | $127,000 | $365,000 |
| Credit History | 11 | $1,770,000 | $160,000 | $562,000 | $89,000 | $162,000 |
| Other | 4 | $1,258,000 | $314,000 | $938,000 | $105,000 | $208,000 |
| Employment History | 1 | $45,000 | $45,000 | $45,000 | $18,000 | $18,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2013 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.
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