Windosr Federal Savings & Loan Association Mortgage Rates, Fees & Info

Windsor, CT

LEI: 549300MKO88C3VZKD418

Tax ID: 06-0592775

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Windosr Federal Savings & Loan Association is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Windosr Federal Savings & Loan Association has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Hartford, Springfield, Torrington, Providence, and Norwich among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Windosr Federal Savings & Loan Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    172

    Origination Dollar Volume (All Markets)

    $25,460,000

    Employee count

    92

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 159 $22,735,000 $142,987 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $920,000 $230,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 4 $650,000 $162,500 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Windosr Federal Savings & Loan Association's top markets include Hartford, Springfield, Torrington, Providence, and Norwich among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $24,220,000 $145,904 $0 0.00%
    FHA 6 $1,240,000 $206,667 $0 0.00%

    For 2019, Windosr Federal Savings & Loan Association's most frequently originated type of loan was Conventional, with 166 originations. Their 2nd most popular type was FHA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $12,055,000 $227,453 $0 0.00%
    Cash Out Refi 45 $6,135,000 $136,333 $0 0.00%
    Refi 27 $4,855,000 $179,815 $0 0.00%
    Other 26 $1,280,000 $49,231 $0 0.00%
    Home Improvement 21 $1,135,000 $54,048 $0 0.00%

    For 2019, Windosr Federal Savings & Loan Association's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 172 $25,460,000 $148,023 $0 0.00%

    For 2019, Windosr Federal Savings & Loan Association's most frequently cited loan duration was Other, with 172 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $2,615,000 $41,508 $0 0.00%
    $100k-200k 62 $9,390,000 $151,452 $0 0.00%
    $200k-400k 42 $11,000,000 $261,905 $0 0.00%
    $400k-600k 5 $2,455,000 $491,000 $0 0.00%

    2019 saw Windosr Federal Savings & Loan Association place emphasis on $100,000 or less loans with 63 originations, totaling $2,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 39 $5,465,000 $140,128 $0 0.00%
    $75k-100k 35 $4,545,000 $129,857 $0 0.00%
    $100k-150k 31 $5,175,000 $166,935 $0 0.00%
    $150k-250k 27 $4,085,000 $151,296 $0 0.00%
    $50k or less 25 $1,945,000 $77,800 $0 0.00%
    $250k+ 8 $2,370,000 $296,250 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with incomes in the $50k-75k range, with 39 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 172 $25,460,000 $148,023 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with DTI ratios of Exempt%, with 172 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $18,035,000 $146,626 $0 0.00%
    Black 30 $3,580,000 $119,333 $0 0.00%
    Not applicable 7 $1,875,000 $267,857 $0 0.00%
    Asian 9 $1,385,000 $153,889 $0 0.00%
    Not provided 3 $585,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.87%

    Windosr Federal Savings & Loan Association has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.37%

    Windosr Federal Savings & Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 172 $25,460,000 $148,023

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $710,000 $355,000
    Single Family (1-4 Units):Site-Built 170 $24,750,000 $145,588

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Windsor Federal Savings and Loan Association 1 Shoham Road East Windsor, CT 6088 Full Service B&M $18,270
    Windsor Federal Savings and Loan Association 112 Mountain Road Suffield, CT 6078 Full Service B&M $39,019
    Windsor Federal Savings and Loan Association 200 Seabury Dr Apt 3152 Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $6,653
    Windsor Federal Savings and Loan Association 21 Hartford Ave Granby, CT 6035 Full Service B&M $86,693
    Windsor Federal Savings and Loan Association 250 Broad St Windsor, CT 6095 Full Service B&M $146,952
    Windsor Federal Savings and Loan Association 321 Windsor Avenue Windsor, CT 6095 Full Service B&M $37,851
    Windsor Federal Savings and Loan Association 40 Loeffler Road Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $2,976
    Windsor Federal Savings and Loan Association 5 Huckleberry Lane Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $9
    Windsor Federal Savings and Loan Association 50 Sage Park Road Windsor, CT 6095 Limited, Mobile/Seasonal Office $30
    Windsor Federal Savings and Loan Association 54 Jerome Avenue Bloomfield, CT 6002 Full Service B&M $54,650
    Windsor Federal Savings and Loan Association 695 Poquonock Ave Windsor, CT 6095 Full Service B&M $40,403

    For 2019, Windosr Federal Savings & Loan Association had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,425
    Net interest income $16,720
    Total noninterest income $2,295
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $733
    Trading account gains and fees $0
    Additional Noninterest Income $1,562
    Pre-tax net operating income $4,566
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,741
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,741
    Minority interest net income $0
    Net income $3,741
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,741

    Windosr Federal Savings & Loan Association's gross interest income from loans was $19,425,000.
    Windosr Federal Savings & Loan Association's net interest income from loans was $16,720,000.
    Windosr Federal Savings & Loan Association's fee based income from loans was $733,000.
    Windosr Federal Savings & Loan Association's net income from loans was $3,741,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,705
    Provision for credit losses $176
    Total noninterest expense $14,273
    Salaries and employee benefits $8,762
    Premises and equipment expense $1,445
    Additional noninterest expense $4,066
    Applicable income taxes $825
    Net charge-offs $17
    Cash dividends $0

    Windosr Federal Savings & Loan Association's interest expense for loans was $2,705,000.
    Windosr Federal Savings & Loan Association's payroll and benefits expense were $8,762,000.
    Windosr Federal Savings & Loan Association's property, plant and equipment expenses $1,445,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $465,695
    Deposits held in domestic offices $465,695
    Deposits by Individuals, partnerships, and corporations $441,458
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,048
    Deposits by Commercial banks and other depository institutions in U.S. $189
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $37,186
    Demand deposits $28,616
    Nontransaction accounts $428,509
    Money market deposit accounts (MMDAs) $92,092
    Other savings deposits (excluding MMDAs) $240,132
    Total time deposits $96,285
    Total time and savings deposits $437,079
    Noninterest-bearing deposits $129,182
    Interest-bearing deposits $336,513
    Retail deposits $437,697
    IRAs and Keogh plan accounts $13,535
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $543,344
    Cash & Balances due from depository institutions $29,194
    Interest-bearing balances $23,404
    Total securities $86,019
    Federal funds sold & reverse repurchase $0
    Net loans and leases $403,568
    Loan and leases loss allowance $3,261
    Trading account assets $0
    Bank premises and fixed assets $4,668
    Other real estate owned $0
    Goodwill and other intangibles $884
    All other assets $19,011

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $543,344
    Total Liabilities $479,443
    Total deposits $465,695
    Interest-bearing deposits $336,513
    Deposits held in domestic offices $465,695
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $10,155
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,593

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $403,568
    Loan and leases loss allowance $3,261
    Total loans and leases (domestic) $406,829
    All real estate loans $294,000
    Real estate loans in domestic offices $294,000
    Construction and development loans $15,911
    Residential 1-4 family construction $3,755
    Other construction, all land development and other land $12,156
    Loans secured by nonfarm nonresidential properties $113,837
    Nonfarm nonresidential secured by owner-occupied properties $48,613
    Commercial real estate & other non-farm, non-residential $65,224
    Multifamily residential real estate $8,422
    1-4 family residential loans $155,135
    Farmland loans $695
    Loans held in foreign offices $0
    Farm loans $121
    Commercial and industrial loans $45,482
    To non-U.S. addressees $0
    Loans to individuals $601
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $7
    Other loans to individuals $594
    All other loans & leases $66,625
    Loans to foreign governments and official institutions $0
    Other loans $66,625
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6,617
    Non 1-4 family restructured loans & leases $4,685
    Total loans and leases (foreign) $0

    Windosr Federal Savings & Loan Association had $403,568,000 of loans outstanding in 2019. $294,000,000 of loans were in real estate loans. $15,911,000 of loans were in development loans. $8,422,000 of loans were in multifamily mortgage loans. $155,135,000 of loans were in 1-4 family mortgage loans. $121,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 158 $44,773 $283,373
    Nonfarm, nonresidential loans - <$100k 12 $562 $46,833
    Nonfarm, nonresidential loans - $100-250k 47 $5,677 $120,787
    Nonfarm, nonresidential loans - $250k-1MM 99 $38,534 $389,232
    Commercial & Industrial, US addressed loans - <$1MM 201 $29,194 $145,244
    Commercial & Industrial, US addressed loans - <$100k 98 $4,335 $44,235
    Commercial & Industrial, US addressed loans - $100-250k 44 $5,248 $119,273
    Commercial & Industrial, US addressed loans - $250k-1MM 59 $19,611 $332,390
    Agriculture operations loans - <$1MM 1 $121 $121,000
    Agriculture operations loans - $250k-1MM 1 $121 $121,000