Waterford Village Bank Mortgage Lending & HMDA Data, 2008
In 2008, Waterford Village Bank of Williamsville, NY reported 89 mortgage applications totaling $14.6 million. The average application was for $164,370, and applicants reported an average income of $128,887. 80% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Buffalo-Niagara Falls, NY (73), St. Louis, MO-IL (2) and Greenville-Mauldin-Easley, SC (1) (applications in parentheses).
| Mortgage Company & Address | Waterford Village Bank 8411 Main Street Williamsville, NY 14221 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 |
| Total Number of Mortgage Applications | 89 |
| Total Mortgage Loan Application Amount | $14,629,000 |
| Average Mortgage Loan Application Amount | $164,370 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $128,887 |
| Highest Applicant Income | $530,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Waterford Village Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Erie, New York | 68 | $ 10,143,000 | $ 149,161 | $ 115,000 |
| Niagara, New York | 5 | $ 1,338,000 | $ 267,600 | $ 142,000 |
| Wyoming, New York | 3 | $ 569,000 | $ 189,666 | $ 106,000 |
| St. Charles, Missouri | 2 | $ 268,000 | $ 134,000 | $ 378,000 |
| Allegany, New York | 2 | $ 115,000 | $ 57,500 | $ 90,000 |
| Miami-Dade, Florida | 1 | $ 500,000 | $ 500,000 | $ 521,000 |
| Cattaraugus, New York | 1 | $ 63,000 | $ 63,000 | $ 275,000 |
| Chautauqua, New York | 1 | $ 150,000 | $ 150,000 | $ 141,000 |
| Ontario, New York | 1 | $ 73,000 | $ 73,000 | $ 125,000 |
| Canadian, Oklahoma | 1 | $ 128,000 | $ 128,000 | $ 121,000 |
| Cumberland, Pennsylvania | 1 | $ 158,000 | $ 158,000 | $ 54,000 |
| Greenville, South Carolina | 1 | $ 900,000 | $ 900,000 | $ 362,000 |
Mortgage Loan Application Detail Totals for Waterford Village Bank in 2008
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 | 40 | $6,610,000 | $165,000 | $900,000 | $130,000 | $530,000 |
| Refinancing | 37 | $6,751,000 | $182,000 | $545,000 | $139,000 | $521,000 |
| Home Improvement | 12 | $1,268,000 | $105,000 | $243,000 | $94,000 | $230,000 |
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 | 79 | $12,839,000 | $162,000 | $900,000 | $131,000 | $530,000 |
| Asian | 3 | $215,000 | $71,000 | $102,000 | $60,000 | $90,000 |
| Black or African American | 2 | $103,000 | $51,000 | $63,000 | $31,000 | $39,000 |
| Hispanic | 2 | $398,000 | $199,000 | $208,000 | $208,000 | $296,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $662,000 | $331,000 | $417,000 | $211,000 | $291,000 |
| Not Provided | 1 | $412,000 | $412,000 | $412,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 89 | $14,629,000 | $164,000 | $900,000 | $129,000 | $530,000 |
| 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 | 71 | $10,952,000 | $154,000 | $900,000 | $125,000 | $530,000 |
| Application Denied By Financial Institution | 12 | $2,470,000 | $205,000 | $500,000 | $133,000 | $521,000 |
| Application Approved But Not Accepted | 6 | $1,207,000 | $201,000 | $545,000 | $168,000 | $410,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $1,161,000 | $145,000 | $500,000 | $147,000 | $521,000 |
| Debt-To-Income Ratio | 2 | $622,000 | $311,000 | $412,000 | $22,000 | $44,000 |
| Collateral | 1 | $270,000 | $270,000 | $270,000 | $123,000 | $123,000 |
| Other | 1 | $417,000 | $417,000 | $417,000 | $252,000 | $252,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Waterford Village Bank's 2008 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 Waterford Village Bank'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 York, download the full spreadsheet
with aggregated HMDA statistics today.
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