Spencer Savings Bank Sla
HMDA Loan Application Totals
and Mortgage Lending Details
for 2005
Spencer Savings Bank Sla 2005 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Spencer Savings Bank Sla 611 River Drive Elmwood Park, NJ 07407 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,458 |
| Total Mortgage Loan Application Amount | $249,331,000 |
| Average Mortgage Loan Application Amount | $318,500 |
| Highest Mortgage Loan Application Amount | $4,320,000 |
| Average Applicant Income | $79,500 |
| Highest Applicant Income | $1,000,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2005 with Spencer Savings Bank Sla. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Spencer Savings Bank Sla's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2005 breaks down Spencer Savings Bank Sla's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Spencer Savings Bank Sla serves its applicants.
Each category highlights the total number of mortgage applications processed by Spencer Savings Bank Sla, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Spencer Savings Bank Sla's mortgage activity for 2005.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bergen County New Jersey | 391 | $ 67,311,000 | $ 172,000 | $ 88,000 |
| Essex County New Jersey | 168 | $ 30,197,000 | $ 179,000 | $ 101,000 |
| Passaic County New Jersey | 150 | $ 17,482,000 | $ 116,000 | $ 92,000 |
| Morris County New Jersey | 147 | $ 24,182,000 | $ 164,000 | $ 123,000 |
| Middlesex County New Jersey | 135 | $ 18,609,000 | $ 137,000 | $ 85,000 |
| Union County New Jersey | 131 | $ 20,446,000 | $ 156,000 | $ 86,000 |
| Monmouth County New Jersey | 72 | $ 15,843,000 | $ 220,000 | $ 140,000 |
| Somerset County New Jersey | 64 | $ 13,514,000 | $ 211,000 | $ 132,000 |
| Ocean County New Jersey | 53 | $ 11,799,000 | $ 222,000 | $ 81,000 |
| Sussex County New Jersey | 35 | $ 3,484,000 | $ 99,000 | $ 90,000 |
| Mercer County New Jersey | 34 | $ 7,748,000 | $ 227,000 | $ 109,000 |
| Hunterdon County New Jersey | 25 | $ 4,159,000 | $ 166,000 | $ 108,000 |
| Hudson County New Jersey | 23 | $ 8,912,000 | $ 387,000 | $ 110,000 |
| Warren County New Jersey | 10 | $ 625,000 | $ 62,000 | $ 105,000 |
| Atlantic County New Jersey | 9 | $ 1,633,000 | $ 181,000 | $ 163,000 |
| Burlington County New Jersey | 7 | $ 2,146,000 | $ 306,000 | $ 98,000 |
| Cape May County New Jersey | 1 | $ 340,000 | $ 340,000 | $ 272,000 |
| Gloucester County New Jersey | 1 | $ 96,000 | $ 96,000 | $ 0 |
| Salem County New Jersey | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Rockland County New York | 1 | $ 670,000 | $ 670,000 | $ 0 |
Mortgage Loan Application Detail Totals for Spencer Savings Bank Sla in 2005
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 | 622 | $110,114,000 | $177,000 | $4,320,000 | $80,000 | $945,000 |
| Home Improvement | 576 | $50,432,000 | $87,000 | $1,000,000 | $100,000 | $707,000 |
| Home Purchase | 260 | $88,785,000 | $505,000 | $3,900,000 | $69,000 | $1,000,000 |
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 | 888 | $125,931,000 | $141,000 | $1,988,000 | $101,000 | $1,000,000 |
| Not Provided | 296 | $42,806,000 | $144,000 | $1,000,000 | $96,000 | $888,000 |
| Asian | 177 | $37,016,000 | $209,000 | $1,080,000 | $128,000 | $775,000 |
| Hispanic | 50 | $8,271,000 | $165,000 | $975,000 | $96,000 | $593,000 |
| Black or African American | 25 | $2,935,000 | $117,000 | $401,000 | $78,000 | $193,000 |
| Not applicable | 19 | $31,522,000 | $1,192,000 | $4,320,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $850,000 | $283,000 | $600,000 | $212,000 | $406,000 |
| 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) | 1,458 | $249,331,000 | $420,000 | $4,320,000 | $50,500 | $1,000,000 |
| 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 | 1,084 | $188,841,000 | $421,500 | $4,320,000 | $70,000 | $945,000 |
| Application Denied By Financial Institution | 158 | $18,345,000 | $116,000 | $900,000 | $86,000 | $1,000,000 |
| Loan Purchased By The Institution | 102 | $27,226,000 | $266,000 | $743,000 | $12,000 | $222,000 |
| Application Withdrawn By Applicant | 46 | $7,398,000 | $160,000 | $1,080,000 | $102,000 | $274,000 |
| Application Approved But Not Accepted | 39 | $5,037,000 | $129,000 | $738,000 | $118,000 | $516,000 |
| File Closed For Incompleteness | 29 | $2,484,000 | $85,000 | $300,000 | $79,000 | $269,000 |
| 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 | 107 | $12,122,000 | $113,000 | $900,000 | $63,000 | $424,000 |
| Other | 20 | $2,129,000 | $106,000 | $340,000 | $81,000 | $169,000 |
| Collateral | 13 | $1,334,000 | $102,000 | $290,000 | $123,000 | $322,000 |
| Credit Application Incomplete | 11 | $856,000 | $77,000 | $370,000 | $67,000 | $160,000 |
| Credit History | 7 | $1,904,000 | $272,000 | $800,000 | $250,000 | $1,000,000 |
| 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 Spencer Savings Bank Sla's 2005 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 Spencer Savings Bank Sla'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 New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.