New Haven-Milford, CT Metro Area Mortgage Lenders & HMDA Data, 2015

In 2015, lenders reported 28,201 mortgage applications in New Haven-Milford, CT metro area totaling $6.0 billion, up 18% from 2014. The average application was for $211,197, and applicants reported an average income of $88,000. 50% of applications resulted in an originated loan and 19% were denied. The most active lender was Wells Fargo Bank NA, with 2,395 applications, followed by loanDepot.com LLC and Webster Bank, N.A..

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Total Number of Mortgage Applications 28,201
Total Mortgage Loan Application Amount $5,955,990,000
Average Mortgage Loan Application Amount $211,197
Highest Mortgage Loan Application Amount $52,000,000
Average Applicant Income $88,000
Highest Applicant Income $3,645,000
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Top Mortgage Lenders in New Haven-Milford, CT Metro Area (2015)

Ranked by the number of mortgage applications each lender reported in New Haven-Milford, CT metro area in 2015.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
2,395 $455,862,000 $190,000 $84,000
2 loanDepot.com LLC
Irvine, CA
1,299 $272,020,000 $209,000 $89,000
3 Webster Bank, N.A.
Stamford, CT
1,228 $200,203,000 $163,000 $101,000
4 Bank of America NA
Westlake Village, CA
794 $172,936,000 $217,000 $114,000
5 Nationstar Mortgage
Coppell, TX
789 $142,892,000 $181,000 $36,000
6 JPMorgan Chase Bank, NA
Columbus, OH
747 $167,509,000 $224,000 $72,000
7 People's United Bank
Bridgeport, CT
737 $159,294,000 $216,000 $120,000
8 Ditech Financial LLC
Fort Washington, PA
655 $119,384,000 $182,000 $73,000
9 Primelending
Dallas, TX
602 $131,716,000 $218,000 $109,000
10 Franklin American Mortgage Company
Franklin, TN
546 $116,507,000 $213,000 $61,000

See every lender active in New Haven-Milford, CT metro area in 2015 »

The tables below break down 2015 mortgage applications in New Haven-Milford, CT metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for New Haven-Milford, CT in 2015

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 14,397 $3,093,636,000 $214,000 $52,000,000 $89,000 $3,645,000
Home Purchase 11,939 $2,574,918,000 $215,000 $24,895,000 $86,000 $2,662,000
Home Improvement 1,865 $287,436,000 $154,000 $38,475,000 $93,000 $1,237,000

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 17,578 $3,603,060,000 $204,000 $2,650,000 $103,000 $3,500,000
Not applicable 3,079 $1,000,740,000 $325,000 $52,000,000 $15,000 $582,000
Not Provided 2,566 $515,207,000 $200,000 $1,750,000 $102,000 $3,645,000
Hispanic 2,140 $327,807,000 $153,000 $959,000 $66,000 $947,000
Black or African American 1,946 $308,092,000 $158,000 $1,000,000 $67,000 $2,208,000
Asian 746 $174,710,000 $234,000 $1,235,000 $112,000 $1,237,000
American Indian or Alaskan Native 96 $16,290,000 $169,000 $600,000 $74,000 $618,000
Native Hawaiian or Other Pacific Islander 50 $10,084,000 $201,000 $680,000 $87,000 $310,000

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) 19,721 $4,310,685,000 $218,000 $52,000,000 $105,000 $3,645,000
FHA-insured (Federal Housing Administration) 7,181 $1,334,139,000 $185,000 $12,868,000 $44,000 $1,851,000
VA-guaranteed (Veterans Administration) 1,236 $298,525,000 $241,000 $817,000 $71,000 $964,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 63 $12,641,000 $200,000 $362,000 $60,000 $158,000

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 14,040 $3,140,060,000 $223,000 $52,000,000 $101,000 $3,008,000
Application Denied By Financial Institution 5,252 $914,161,000 $174,000 $3,000,000 $84,000 $2,597,000
Loan Purchased By The Institution 3,673 $756,336,000 $205,000 $2,286,000 $34,000 $582,000
Application Withdrawn By Applicant 3,115 $629,199,000 $201,000 $2,300,000 $95,000 $3,645,000
File Closed For Incompleteness 1,172 $235,628,000 $201,000 $1,400,000 $97,000 $1,354,000
Application Approved But Not Accepted 949 $280,606,000 $295,000 $38,475,000 $95,000 $1,138,000
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
Credit History 941 $111,085,000 $118,000 $2,300,000 $81,000 $2,597,000
Collateral 857 $165,370,000 $192,000 $2,650,000 $114,000 $1,200,000
Debt-To-Income Ratio 846 $137,399,000 $162,000 $2,000,000 $70,000 $1,900,000
Credit Application Incomplete 386 $72,848,000 $188,000 $1,570,000 $84,000 $1,071,000
Other 312 $54,497,000 $174,000 $1,000,000 $97,000 $1,440,000
Insufficient Cash (Downpayment, Closing Cost) 100 $23,370,000 $233,000 $1,750,000 $106,000 $1,699,000
Unverifiable Information 90 $15,709,000 $174,000 $656,000 $75,000 $292,000
Employment History 51 $8,068,000 $158,000 $450,000 $58,000 $215,000
Mortgage Insurance Denied 1 $536,000 $536,000 $536,000 $308,000 $308,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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