The Simsbury Bank & Trust Company Mortgage Lending & HMDA Data, 2019
In 2019, The Simsbury Bank & Trust Company of Simsbury, CT reported 381 mortgage applications totaling $82.0 million, down 9% from 2018. The average application was for $215,209, and applicants reported an average income of $141,380. 75% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (288), New Haven-Milford, CT (43) and Providence-Warwick, RI-MA (5) (applications in parentheses).
| Mortgage Company & Address | The Simsbury Bank & Trust Company 981 Hopmeadow St Simsbury, CT 06070 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 381 |
| Total Mortgage Loan Application Amount | $81,995,000 |
| Average Mortgage Loan Application Amount | $215,209 |
| Highest Mortgage Loan Application Amount | $805,000 |
| Average Applicant Income | $141,380 |
| Highest Applicant Income | $2,490,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Simsbury Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 The Simsbury Bank & Trust Company in 2019
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 | 203 | $51,225,000 | $252,000 | $625,000 | $126,000 | $508,000 |
| Cash-out Refinancing | 78 | $14,920,000 | $191,000 | $725,000 | $141,000 | $353,000 |
| Other Purpose | 59 | $5,515,000 | $93,000 | $255,000 | $201,000 | $2,490,000 |
| Refinancing | 38 | $9,910,000 | $260,000 | $805,000 | $122,000 | $431,000 |
| Home Improvement | 3 | $425,000 | $141,000 | $255,000 | $265,000 | $497,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 334 | $71,420,000 | $213,000 | $805,000 | $144,000 | $2,490,000 |
| Asian | 22 | $5,050,000 | $229,000 | $725,000 | $135,000 | $325,000 |
| Hispanic | 12 | $2,790,000 | $232,000 | $485,000 | $128,000 | $291,000 |
| Black or African American | 9 | $2,075,000 | $230,000 | $485,000 | $100,000 | $187,000 |
| Not Provided | 2 | $110,000 | $55,000 | $55,000 | $90,000 | $128,000 |
| American Indian or Alaskan Native | 1 | $325,000 | $325,000 | $325,000 | $86,000 | $86,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $225,000 | $225,000 | $225,000 | $123,000 | $123,000 |
| 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) | 381 | $81,995,000 | $215,000 | $805,000 | $141,000 | $2,490,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 287 | $61,215,000 | $213,000 | $805,000 | $142,000 | $2,490,000 |
| Application Withdrawn By Applicant | 51 | $11,455,000 | $224,000 | $515,000 | $118,000 | $314,000 |
| Application Denied By Financial Institution | 21 | $3,335,000 | $158,000 | $355,000 | $187,000 | $497,000 |
| Preapproval Approved but not Accepted | 9 | $2,715,000 | $301,000 | $455,000 | $109,000 | $185,000 |
| Application Approved But Not Accepted | 8 | $1,860,000 | $232,000 | $485,000 | $194,000 | $508,000 |
| File Closed For Incompleteness | 4 | $1,100,000 | $275,000 | $395,000 | $101,000 | $135,000 |
| Preapproval Denied by Financial Institution | 1 | $315,000 | $315,000 | $315,000 | $136,000 | $136,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 359 | $78,345,000 | $218,000 | $805,000 | $139,000 | $2,490,000 |
| Credit History | 9 | $1,315,000 | $146,000 | $255,000 | $136,000 | $325,000 |
| Other | 5 | $705,000 | $141,000 | $205,000 | $234,000 | $497,000 |
| Collateral | 5 | $905,000 | $181,000 | $355,000 | $272,000 | $496,000 |
| Debt-To-Income Ratio | 2 | $410,000 | $205,000 | $355,000 | $80,000 | $92,000 |
| Credit Application Incomplete | 1 | $315,000 | $315,000 | $315,000 | $136,000 | $136,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Simsbury Bank & Trust Company's 2019 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 The Simsbury Bank & Trust Company'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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