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

Windsor, CT

LEI: 549300MKO88C3VZKD418

Tax ID: 06-0592775

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 Cash Out Refi, Home Purchase, and 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, Barnstable Town, Pittsfield, and Norwich among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Windosr Federal Savings & Loan Association has an above 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

    158

    Origination Dollar Volume (All Markets)

    $32,270,000

    Employee count

    94

    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) 150 $29,830,000 $198,867 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Windosr Federal Savings & Loan Association's top markets include Hartford, Springfield, Barnstable Town, Pittsfield, and Norwich among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 156 $31,960,000 $204,872 $0 0.00%
    FHA 2 $310,000 $155,000 $0 0.00%

    For 2020, Windosr Federal Savings & Loan Association's most frequently originated type of loan was Conventional, with 156 originations. Their 2nd most popular type was FHA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 73 $13,515,000 $185,137 $0 0.00%
    Home Purchase 35 $7,485,000 $213,857 $0 0.00%
    Refi 34 $8,130,000 $239,118 $0 0.00%
    Other 11 $2,845,000 $258,636 $0 0.00%
    Home Improvement 5 $295,000 $59,000 $0 0.00%

    For 2020, Windosr Federal Savings & Loan Association's most frequently cited loan purpose was Cash Out Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 158 $32,270,000 $204,241 $0 0.00%

    For 2020, Windosr Federal Savings & Loan Association's most frequently cited loan duration was Other, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 72 $10,740,000 $149,167 $0 0.00%
    $200k-400k 46 $11,620,000 $252,609 $0 0.00%
    $100,000 or less 30 $1,500,000 $50,000 $0 0.00%
    $400k-600k 6 $2,600,000 $433,333 $0 0.00%
    $1MM+ 3 $4,815,000 $1,605,000 $0 0.00%
    $600k-1MM 1 $995,000 $995,000 $0 0.00%

    2020 saw Windosr Federal Savings & Loan Association place emphasis on $100k-200k loans with 72 originations, totaling $10,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $6,085,000 $173,857 $0 0.00%
    $50k-75k 35 $4,255,000 $121,571 $0 0.00%
    $150k-250k 24 $3,960,000 $165,000 $0 0.00%
    $75k-100k 23 $4,855,000 $211,087 $0 0.00%
    $50k or less 20 $2,470,000 $123,500 $0 0.00%
    $250k+ 14 $4,040,000 $288,571 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 158 $32,270,000 $204,241 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with DTI ratios of Exempt%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 115 $19,905,000 $173,087 $0 0.00%
    Not applicable 7 $6,605,000 $943,571 $0 0.00%
    Black 25 $4,045,000 $161,800 $0 0.00%
    Not provided 7 $1,065,000 $152,143 $0 0.00%
    Asian 4 $650,000 $162,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.03%

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

    Pick Rate

    Approvals leading to origination
    77.22%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 158 $32,270,000 $204,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $6,025,000 $1,205,000
    Single Family (1-4 Units):Site-Built 153 $26,245,000 $171,536

    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 $24,832
    Windsor Federal Savings and Loan Association 112 Mountain Road Suffield, CT 6078 Full Service B&M $54,481
    Windsor Federal Savings and Loan Association 152 Deming Street South Windsor, CT 6074 Full Service B&M $35,876
    Windsor Federal Savings and Loan Association 200 Seabury Dr Apt 3152 Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $11,529
    Windsor Federal Savings and Loan Association 21 Hartford Ave Granby, CT 6035 Full Service B&M $101,930
    Windsor Federal Savings and Loan Association 250 Broad St Windsor, CT 6095 Full Service B&M $199,892
    Windsor Federal Savings and Loan Association 321 Windsor Avenue Windsor, CT 6095 Full Service B&M $54,516
    Windsor Federal Savings and Loan Association 40 Loeffler Road Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $3,707
    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 $90
    Windsor Federal Savings and Loan Association 54 Jerome Avenue Bloomfield, CT 6002 Full Service B&M $57,644
    Windsor Federal Savings and Loan Association 695 Poquonock Ave Windsor, CT 6095 Full Service B&M $45,657

    For 2020, Windosr Federal Savings & Loan Association had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,591
    Net interest income $18,670
    Total noninterest income $2,089
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $527
    Trading account gains and fees $0
    Additional Noninterest Income $1,562
    Pre-tax net operating income $4,753
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,881
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,881
    Minority interest net income $0
    Net income $3,881
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,881

    Windosr Federal Savings & Loan Association's gross interest income from loans was $20,591,000.
    Windosr Federal Savings & Loan Association's net interest income from loans was $18,670,000.
    Windosr Federal Savings & Loan Association's fee based income from loans was $527,000.
    Windosr Federal Savings & Loan Association's net income from loans was $3,881,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,921
    Provision for credit losses $523
    Total noninterest expense $15,483
    Salaries and employee benefits $9,838
    Premises and equipment expense $1,500
    Additional noninterest expense $4,145
    Applicable income taxes $872
    Net charge-offs $39
    Cash dividends $0

    Windosr Federal Savings & Loan Association's interest expense for loans was $1,921,000.
    Windosr Federal Savings & Loan Association's payroll and benefits expense were $9,838,000.
    Windosr Federal Savings & Loan Association's property, plant and equipment expenses $1,500,000.

    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 $570,953
    Deposits held in domestic offices $570,953
    Deposits by Individuals, partnerships, and corporations $544,853
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,552
    Deposits by Commercial banks and other depository institutions in U.S. $548
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $48,657
    Demand deposits $35,931
    Nontransaction accounts $522,296
    Money market deposit accounts (MMDAs) $120,518
    Other savings deposits (excluding MMDAs) $328,377
    Total time deposits $73,401
    Total time and savings deposits $535,022
    Noninterest-bearing deposits $184,896
    Interest-bearing deposits $386,057
    Retail deposits $555,329
    IRAs and Keogh plan accounts $13,093
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $655,774
    Cash & Balances due from depository institutions $93,860
    Interest-bearing balances $87,972
    Total securities $72,943
    Federal funds sold & reverse repurchase $0
    Net loans and leases $460,217
    Loan and leases loss allowance $3,745
    Trading account assets $0
    Bank premises and fixed assets $8,021
    Other real estate owned $0
    Goodwill and other intangibles $867
    All other assets $19,866

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $655,774
    Total Liabilities $586,956
    Total deposits $570,953
    Interest-bearing deposits $386,057
    Deposits held in domestic offices $570,953
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $12,319
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,684

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $460,217
    Loan and leases loss allowance $3,745
    Total loans and leases (domestic) $463,962
    All real estate loans $305,511
    Real estate loans in domestic offices $305,511
    Construction and development loans $21,311
    Residential 1-4 family construction $2,745
    Other construction, all land development and other land $18,566
    Loans secured by nonfarm nonresidential properties $122,125
    Nonfarm nonresidential secured by owner-occupied properties $52,458
    Commercial real estate & other non-farm, non-residential $69,667
    Multifamily residential real estate $13,037
    1-4 family residential loans $147,747
    Farmland loans $1,291
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $84,839
    To non-U.S. addressees $0
    Loans to individuals $528
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2
    Other loans to individuals $526
    All other loans & leases $73,084
    Loans to foreign governments and official institutions $0
    Other loans $73,084
    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 $5,423
    Non 1-4 family restructured loans & leases $3,544
    Total loans and leases (foreign) $0

    Windosr Federal Savings & Loan Association had $460,217,000 of loans outstanding in 2020. $305,511,000 of loans were in real estate loans. $21,311,000 of loans were in development loans. $13,037,000 of loans were in multifamily mortgage loans. $147,747,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,000 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 172 $51,554 $299,733
    Nonfarm, nonresidential loans - <$100k 10 $426 $42,600
    Nonfarm, nonresidential loans - $100-250k 53 $6,366 $120,113
    Nonfarm, nonresidential loans - $250k-1MM 109 $44,762 $410,661
    Commercial & Industrial, US addressed loans - <$1MM 368 $45,149 $122,688
    Commercial & Industrial, US addressed loans - <$100k 223 $8,992 $40,323
    Commercial & Industrial, US addressed loans - $100-250k 60 $7,298 $121,633
    Commercial & Industrial, US addressed loans - $250k-1MM 85 $28,859 $339,518