Scituate Federal Savings Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2008

Scituate Federal Savings Bank 2008 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 Scituate Federal Savings Bank
72 Front Street
Scituate, MA 02066
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 355
Total Mortgage Loan Application Amount $74,047,000
Average Mortgage Loan Application Amount $201,000
Highest Mortgage Loan Application Amount $880,000
Average Applicant Income $109,000
Highest Applicant Income $1,783,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2008 with Scituate Federal Savings Bank. 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 Scituate Federal Savings Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2008 breaks down Scituate Federal Savings Bank'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 Scituate Federal Savings Bank serves its applicants.

Each category highlights the total number of mortgage applications processed by Scituate Federal Savings Bank, 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 Scituate Federal Savings Bank's mortgage activity for 2008.

Mortgage Loan Application Totals for Scituate Federal Savings Bank by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Plymouth County Massachusetts 264 $ 55,539,000 $ 210,000 $ 113,000
Bristol County Massachusetts 19 $ 1,653,000 $ 87,000 $ 44,000
Norfolk County Massachusetts 19 $ 3,656,000 $ 192,000 $ 110,000
Middlesex County Massachusetts 8 $ 1,294,000 $ 161,000 $ 111,000
Suffolk County Massachusetts 6 $ 1,694,000 $ 282,000 $ 280,000
Barnstable County Massachusetts 4 $ 732,000 $ 183,000 $ 134,000
Essex County Massachusetts 1 $ 54,000 $ 54,000 $ 53,000

Mortgage Loan Application Detail Totals for Scituate Federal Savings 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 135 $32,737,000 $242,000 $800,000 $118,000 $1,783,000
Refinancing 134 $28,453,000 $212,000 $880,000 $102,000 $739,000
Home Improvement 86 $12,857,000 $149,000 $560,000 $107,000 $336,000

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 343 $71,882,000 $209,000 $880,000 $110,000 $1,783,000
Not Provided 4 $515,000 $128,000 $335,000 $89,000 $122,000
Hispanic 3 $451,000 $150,000 $257,000 $131,000 $286,000
Native Hawaiian or Other Pacific Islander 2 $350,000 $175,000 $250,000 $63,000 $81,000
Asian 2 $655,000 $327,000 $420,000 $103,000 $115,000
Black or African American 1 $194,000 $194,000 $194,000 $65,000 $65,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 355 $74,047,000 $208,000 $880,000 $109,000 $1,783,000
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 234 $47,861,000 $204,000 $800,000 $119,000 $1,783,000
Application Approved But Not Accepted 53 $7,888,000 $148,000 $524,000 $84,000 $700,000
Application Denied By Financial Institution 42 $11,461,000 $272,000 $672,000 $95,000 $248,000
Application Withdrawn By Applicant 10 $2,858,000 $285,000 $880,000 $126,000 $210,000
Preapproval Approved but not Accepted 9 $2,396,000 $266,000 $486,000 $85,000 $156,000
File Closed For Incompleteness 6 $1,451,000 $241,000 $600,000 $100,000 $294,000
Preapproval Denied by Financial Institution 1 $132,000 $132,000 $132,000 $33,000 $33,000
Loan Purchased By The 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 25 $7,357,000 $294,000 $672,000 $88,000 $248,000
Credit History 11 $2,659,000 $241,000 $430,000 $99,000 $184,000
Collateral 5 $1,099,000 $219,000 $330,000 $114,000 $137,000
Other 2 $478,000 $239,000 $288,000 $86,000 $92,000
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 Scituate Federal Savings 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 Scituate Federal Savings 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 Massachusetts, download the full spreadsheet with aggregated HMDA statistics today.

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