Village Mortgage Company Mortgage Lending & HMDA Data, 2018
In 2018, Village Mortgage Company of Avon, CT reported 3,023 mortgage applications totaling $730.7 million, up 49% from 2017. The average application was for $241,721, and applicants reported an average income of $96,675. 81% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Worcester, MA-CT (772), Hartford-West Hartford-East Hartford, CT (634) and Norwich-New London, CT (275) (applications in parentheses).
| Mortgage Company & Address | Village Mortgage Company 30 Tower Lane Avon, CT 06001 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 3,023 |
| Total Mortgage Loan Application Amount | $730,725,000 |
| Average Mortgage Loan Application Amount | $241,721 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $96,675 |
| Highest Applicant Income | $4,606,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Village Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, Massachusetts | 645 | $ 134,745,000 | $ 208,906 | $ 80,000 |
| Hartford, Connecticut | 468 | $ 103,450,000 | $ 221,047 | $ 109,000 |
| New London, Connecticut | 275 | $ 61,205,000 | $ 222,563 | $ 99,000 |
| New Haven, Connecticut | 191 | $ 39,005,000 | $ 204,214 | $ 91,000 |
| Windham, Connecticut | 127 | $ 25,955,000 | $ 204,370 | $ 75,000 |
| Essex, Massachusetts | 125 | $ 40,945,000 | $ 327,560 | $ 115,000 |
| Middlesex, Massachusetts | 116 | $ 36,580,000 | $ 315,344 | $ 111,000 |
| Fairfield, Connecticut | 115 | $ 32,305,000 | $ 280,913 | $ 110,000 |
| Plymouth, Massachusetts | 101 | $ 32,365,000 | $ 320,445 | $ 75,000 |
| Litchfield, Connecticut | 90 | $ 16,220,000 | $ 180,222 | $ 82,000 |
| Middlesex, Connecticut | 87 | $ 19,425,000 | $ 223,275 | $ 104,000 |
| Tolland, Connecticut | 79 | $ 17,375,000 | $ 219,936 | $ 98,000 |
| Norfolk, Massachusetts | 69 | $ 24,575,000 | $ 356,159 | $ 106,000 |
| Hampden, Massachusetts | 62 | $ 11,920,000 | $ 192,258 | $ 67,000 |
| Berkshire, Massachusetts | 57 | $ 14,345,000 | $ 251,666 | $ 130,000 |
| Bristol, Massachusetts | 52 | $ 14,670,000 | $ 282,115 | $ 81,000 |
| Rockingham, New Hampshire | 52 | $ 14,580,000 | $ 280,384 | $ 92,000 |
| Suffolk, Massachusetts | 50 | $ 25,470,000 | $ 509,400 | $ 169,000 |
| Barnstable, Massachusetts | 42 | $ 12,130,000 | $ 288,809 | $ 94,000 |
| Clark, Nevada | 34 | $ 6,830,000 | $ 200,882 | $ 60,000 |
| Hillsborough, New Hampshire | 25 | $ 6,675,000 | $ 267,000 | $ 104,000 |
| Franklin, Massachusetts | 23 | $ 4,105,000 | $ 178,478 | $ 66,000 |
| Cumberland, Maine | 20 | $ 5,820,000 | $ 291,000 | $ 134,000 |
| Providence, Rhode Island | 18 | $ 4,460,000 | $ 247,777 | $ 84,000 |
| Kent, Rhode Island | 8 | $ 2,390,000 | $ 298,750 | $ 110,000 |
| York, Maine | 7 | $ 1,325,000 | $ 189,285 | $ 67,000 |
| Cheshire, New Hampshire | 7 | $ 1,375,000 | $ 196,428 | $ 106,000 |
| Palm Beach, Florida | 6 | $ 1,770,000 | $ 295,000 | $ 83,000 |
| Hampshire, Massachusetts | 6 | $ 1,780,000 | $ 296,666 | $ 134,000 |
| Carroll, New Hampshire | 6 | $ 1,090,000 | $ 181,666 | $ 155,000 |
| Strafford, New Hampshire | 6 | $ 1,710,000 | $ 285,000 | $ 98,000 |
| Washington, Vermont | 6 | $ 1,120,000 | $ 186,666 | $ 61,000 |
| Broward, Florida | 4 | $ 1,400,000 | $ 350,000 | $ 119,000 |
| Miami-Dade, Florida | 3 | $ 885,000 | $ 295,000 | $ 323,000 |
| Pinellas, Florida | 3 | $ 655,000 | $ 218,333 | $ 82,000 |
| Androscoggin, Maine | 3 | $ 545,000 | $ 181,666 | $ 83,000 |
| Brevard, Florida | 2 | $ 220,000 | $ 110,000 | $ 54,000 |
| Somerset, Maine | 2 | $ 170,000 | $ 85,000 | $ 98,000 |
| Nantucket, Massachusetts | 2 | $ 1,350,000 | $ 675,000 | $ 166,000 |
| Washoe, Nevada | 2 | $ 580,000 | $ 290,000 | $ 77,000 |
| Merrimack, New Hampshire | 2 | $ 540,000 | $ 270,000 | $ 257,000 |
| Washington, Rhode Island | 2 | $ 490,000 | $ 245,000 | $ 88,000 |
| Orange, Vermont | 2 | $ 450,000 | $ 225,000 | $ 75,000 |
| Arapahoe, Colorado | 1 | $ 525,000 | $ 525,000 | $ 120,000 |
| Denver, Colorado | 1 | $ 225,000 | $ 225,000 | $ 58,000 |
| Elbert, Colorado | 1 | $ 525,000 | $ 525,000 | $ 135,000 |
| Charlotte, Florida | 1 | $ 265,000 | $ 265,000 | $ 302,000 |
| Duval, Florida | 1 | $ 215,000 | $ 215,000 | $ 81,000 |
| Lake, Florida | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Manatee, Florida | 1 | $ 135,000 | $ 135,000 | $ 112,000 |
| Orange, Florida | 1 | $ 385,000 | $ 385,000 | $ 384,000 |
| Walton, Florida | 1 | $ 335,000 | $ 335,000 | $ 84,000 |
| Kennebec, Maine | 1 | $ 455,000 | $ 455,000 | $ 299,000 |
| Knox, Maine | 1 | $ 315,000 | $ 315,000 | $ 155,000 |
| Sagadahoc, Maine | 1 | $ 125,000 | $ 125,000 | $ 41,000 |
| Belknap, New Hampshire | 1 | $ 285,000 | $ 285,000 | $ 95,000 |
| Grafton, New Hampshire | 1 | $ 225,000 | $ 225,000 | $ 47,000 |
| Bergen, New Jersey | 1 | $ 275,000 | $ 275,000 | $ 707,000 |
| Newport, Rhode Island | 1 | $ 435,000 | $ 435,000 | $ 166,000 |
| Bennington, Vermont | 1 | $ 295,000 | $ 295,000 | $ 83,000 |
| Caledonia, Vermont | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
| Lamoille, Vermont | 1 | $ 145,000 | $ 145,000 | $ 50,000 |
| Windham, Vermont | 1 | $ 65,000 | $ 65,000 | $ 95,000 |
| Windsor, Vermont | 1 | $ 235,000 | $ 235,000 | $ 207,000 |
Mortgage Loan Application Detail Totals for Village Mortgage Company in 2018
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 | 2,665 | $635,955,000 | $238,000 | $2,005,000 | $95,000 | $4,606,000 |
| Cash-out Refinancing | 197 | $51,535,000 | $261,000 | $745,000 | $106,000 | $381,000 |
| Refinancing | 161 | $43,235,000 | $268,000 | $675,000 | $113,000 | $553,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 2,179 | $518,205,000 | $237,000 | $2,005,000 | $97,000 | $2,482,000 |
| Hispanic | 347 | $77,915,000 | $224,000 | $735,000 | $90,000 | $4,606,000 |
| Black or African American | 225 | $63,025,000 | $280,000 | $755,000 | $80,000 | $345,000 |
| Not Provided | 178 | $47,060,000 | $264,000 | $1,145,000 | $106,000 | $390,000 |
| Asian | 82 | $21,680,000 | $264,000 | $1,035,000 | $124,000 | $707,000 |
| American Indian or Alaskan Native | 8 | $1,880,000 | $235,000 | $325,000 | $74,000 | $109,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $960,000 | $240,000 | $285,000 | $88,000 | $156,000 |
| 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) | 1,742 | $423,520,000 | $243,000 | $2,005,000 | $109,000 | $2,482,000 |
| FHA-insured (Federal Housing Administration) | 992 | $233,350,000 | $235,000 | $815,000 | $74,000 | $707,000 |
| VA-guaranteed (Veterans Administration) | 178 | $50,470,000 | $283,000 | $825,000 | $113,000 | $4,606,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 111 | $23,385,000 | $210,000 | $405,000 | $71,000 | $128,000 |
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 | 2,458 | $575,590,000 | $234,000 | $1,375,000 | $96,000 | $4,606,000 |
| Application Withdrawn By Applicant | 414 | $112,570,000 | $271,000 | $2,005,000 | $104,000 | $768,000 |
| Application Denied By Financial Institution | 127 | $35,555,000 | $279,000 | $1,145,000 | $83,000 | $384,000 |
| File Closed For Incompleteness | 19 | $5,405,000 | $284,000 | $605,000 | $92,000 | $315,000 |
| Application Approved But Not Accepted | 5 | $1,605,000 | $321,000 | $735,000 | $78,000 | $130,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,896 | $695,170,000 | $240,000 | $2,005,000 | $97,000 | $4,606,000 |
| Debt-To-Income Ratio | 52 | $15,540,000 | $298,000 | $815,000 | $75,000 | $216,000 |
| Collateral | 23 | $5,915,000 | $257,000 | $665,000 | $91,000 | $292,000 |
| Credit History | 23 | $5,905,000 | $256,000 | $605,000 | $95,000 | $384,000 |
| Other | 13 | $4,565,000 | $351,000 | $1,145,000 | $99,000 | $229,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $2,225,000 | $247,000 | $505,000 | $84,000 | $156,000 |
| Unverifiable Information | 4 | $910,000 | $227,000 | $295,000 | $59,000 | $83,000 |
| Employment History | 2 | $390,000 | $195,000 | $285,000 | $43,000 | $53,000 |
| Credit Application Incomplete | 1 | $105,000 | $105,000 | $105,000 | $26,000 | $26,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Village Mortgage Company's 2018 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 Village Mortgage 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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