United Business & Industry FCU Mortgage Lending & HMDA Data, 2025
In 2025, United Business & Industry FCU of Plainville, CT reported 43 mortgage applications totaling $3.2 million, up 10% from 2024. The average application was for $73,604, and applicants reported an average income of $123,674. 88% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (33), Waterbury-Shelton, CT (8) and New Haven-Milford, CT (1) (applications in parentheses).
| Mortgage Company & Address | United Business & Industry FCU 120 Woodford Ave Plainville, CT 06062 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 43 |
| Total Mortgage Loan Application Amount | $3,165,000 |
| Average Mortgage Loan Application Amount | $73,604 |
| Highest Mortgage Loan Application Amount | $335,000 |
| Average Applicant Income | $123,674 |
| Highest Applicant Income | $324,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Business & Industry FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hartford-West Hartford-East Hartford, CT | 33 | $ 2,205,000 | $ 66,818 | $ 121,000 |
| Waterbury-Shelton, CT | 8 | $ 820,000 | $ 102,500 | $ 117,000 |
| New Haven-Milford, CT | 1 | $ 15,000 | $ 15,000 | $ 96,000 |
| Norwich-New London, CT | 1 | $ 125,000 | $ 125,000 | $ 284,000 |
Mortgage Loan Application Detail Totals for United Business & Industry FCU in 2025
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 Improvement | 20 | $930,000 | $46,000 | $125,000 | $127,000 | $324,000 |
| Other Purpose | 17 | $1,695,000 | $99,000 | $335,000 | $108,000 | $275,000 |
| Refinancing | 6 | $540,000 | $90,000 | $125,000 | $157,000 | $272,000 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 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 | 35 | $2,675,000 | $76,000 | $335,000 | $123,000 | $324,000 |
| Hispanic | 4 | $250,000 | $62,000 | $105,000 | $82,000 | $96,000 |
| Black or African American | 3 | $165,000 | $55,000 | $55,000 | $172,000 | $269,000 |
| Asian | 1 | $75,000 | $75,000 | $75,000 | $183,000 | $183,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 43 | $3,165,000 | $73,000 | $335,000 | $124,000 | $324,000 |
| 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 | 38 | $2,670,000 | $70,000 | $335,000 | $127,000 | $324,000 |
| Application Withdrawn By Applicant | 3 | $425,000 | $141,000 | $305,000 | $100,000 | $132,000 |
| Application Denied By Financial Institution | 2 | $70,000 | $35,000 | $55,000 | $89,000 | $120,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 41 | $3,095,000 | $75,000 | $335,000 | $125,000 | $324,000 |
| Debt-To-Income Ratio | 2 | $70,000 | $35,000 | $55,000 | $89,000 | $120,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United Business & Industry FCU's 2025 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 United Business & Industry FCU'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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