Edison-New Brunswick, NJ Metro Area Mortgage Lenders & HMDA Data, 2011
In 2011, lenders reported 137,836 mortgage applications in Edison-New Brunswick, NJ metro area totaling $36.4 billion, down 8% from 2010. The average application was for $263,863, and applicants reported an average income of $123,000. 48% of applications resulted in an originated loan and 16% were denied. The most active lender was Wells Fargo Bank NA, with 26,917 applications, followed by JPMorgan Chase Bank, NA and Bank of America NA.
Looking for lender-specific data?
Download a formatted spreadsheet with aggregated HMDA statistics
for all lenders based in New Jersey.
Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed
about local mortgage trends and lending activity.
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 137,836 |
| Total Mortgage Loan Application Amount | $36,369,905,000 |
| Average Mortgage Loan Application Amount | $263,863 |
| Highest Mortgage Loan Application Amount | $66,713,000 |
| Average Applicant Income | $123,000 |
| Highest Applicant Income | $9,999,000 |
Top Mortgage Lenders in Edison-New Brunswick, NJ Metro Area (2011)
Ranked by the number of mortgage applications each lender reported in Edison-New Brunswick, NJ metro area in 2011.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank NA Minneapolis, MN |
26,917 | $6,782,644,000 | $251,000 | $129,000 |
| 2 | JPMorgan Chase Bank, NA Columbus, OH |
10,774 | $2,589,875,000 | $240,000 | $107,000 |
| 3 | Bank of America NA Westlake Village, CA |
10,630 | $2,834,444,000 | $266,000 | $118,000 |
| 4 | Ally Bank Charlotte, NC |
4,696 | $1,219,550,000 | $259,000 | $130,000 |
| 5 | TD Bank Mount Laurel, NJ |
3,599 | $790,136,000 | $219,000 | $142,000 |
| 6 | PNC Bank N.A. Pittsburgh, PA |
3,385 | $681,243,000 | $201,000 | $124,000 |
| 7 | Gmac Mortgage, LLC Ft. Washington, PA |
3,262 | $861,721,000 | $264,000 | $0 |
| 8 | Citimortgage, Inc. Long Island City, NY |
3,001 | $793,982,000 | $264,000 | $149,000 |
| 9 | Valley National Bank Passaic, NJ |
2,326 | $501,810,000 | $215,000 | $129,000 |
| 10 | Provident Funding Associates Santa Rosa, CA |
2,306 | $661,764,000 | $286,000 | $123,000 |
See every lender active in Edison-New Brunswick, NJ metro area in 2011 »
The tables below break down 2011 mortgage applications in Edison-New Brunswick, NJ 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 Edison-New Brunswick, NJ in 2011
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 | 98,645 | $26,339,230,000 | $267,000 | $66,713,000 | $125,000 | $9,999,000 |
| Home Purchase | 33,471 | $9,391,742,000 | $280,000 | $25,500,000 | $121,000 | $9,999,000 |
| Home Improvement | 5,720 | $638,933,000 | $111,000 | $6,000,000 | $108,000 | $7,850,000 |
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 | 84,044 | $21,482,903,000 | $255,000 | $8,000,000 | $132,000 | $9,999,000 |
| Asian | 15,247 | $4,535,259,000 | $297,000 | $4,160,000 | $139,000 | $4,419,000 |
| Not Provided | 15,166 | $4,205,605,000 | $277,000 | $6,725,000 | $142,000 | $7,850,000 |
| Not applicable | 12,928 | $3,792,654,000 | $293,000 | $66,713,000 | $50,000 | $4,800,000 |
| Hispanic | 5,942 | $1,314,689,000 | $221,000 | $4,000,000 | $94,000 | $7,665,000 |
| Black or African American | 3,852 | $873,592,000 | $226,000 | $1,340,000 | $91,000 | $3,096,000 |
| Native Hawaiian or Other Pacific Islander | 336 | $89,508,000 | $266,000 | $1,170,000 | $140,000 | $1,740,000 |
| American Indian or Alaskan Native | 321 | $75,695,000 | $235,000 | $855,000 | $115,000 | $1,440,000 |
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) | 113,583 | $29,925,717,000 | $263,000 | $66,713,000 | $134,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 21,355 | $5,691,250,000 | $266,000 | $859,000 | $74,000 | $1,844,000 |
| VA-guaranteed (Veterans Administration) | 2,459 | $664,024,000 | $270,000 | $1,013,000 | $66,000 | $922,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 439 | $88,914,000 | $202,000 | $463,000 | $57,000 | $319,000 |
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 | 66,776 | $17,736,694,000 | $265,000 | $66,713,000 | $138,000 | $8,227,000 |
| Loan Purchased By The Institution | 25,177 | $6,783,081,000 | $269,000 | $2,169,000 | $83,000 | $4,800,000 |
| Application Denied By Financial Institution | 21,752 | $5,353,163,000 | $246,000 | $8,000,000 | $115,000 | $9,999,000 |
| Application Withdrawn By Applicant | 12,987 | $3,536,851,000 | $272,000 | $7,500,000 | $131,000 | $9,000,000 |
| Application Approved But Not Accepted | 5,792 | $1,521,113,000 | $262,000 | $6,000,000 | $137,000 | $6,185,000 |
| File Closed For Incompleteness | 5,351 | $1,438,526,000 | $268,000 | $7,900,000 | $130,000 | $6,119,000 |
| Preapproval Denied by Financial Institution | 1 | $477,000 | $477,000 | $477,000 | $150,000 | $150,000 |
| Preapproval Approved but not Accepted | 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 | 5,029 | $1,283,018,000 | $255,000 | $8,000,000 | $85,000 | $1,665,000 |
| Collateral | 4,345 | $1,179,632,000 | $271,000 | $6,000,000 | $138,000 | $4,500,000 |
| Credit Application Incomplete | 3,282 | $836,834,000 | $254,000 | $4,160,000 | $135,000 | $6,472,000 |
| Credit History | 2,683 | $467,345,000 | $174,000 | $2,400,000 | $101,000 | $7,850,000 |
| Other | 2,296 | $575,321,000 | $250,000 | $3,000,000 | $137,000 | $9,999,000 |
| Unverifiable Information | 589 | $150,318,000 | $255,000 | $1,287,000 | $120,000 | $3,000,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 502 | $132,637,000 | $264,000 | $1,950,000 | $121,000 | $883,000 |
| Employment History | 233 | $53,474,000 | $229,000 | $626,000 | $93,000 | $574,000 |
| Mortgage Insurance Denied | 28 | $7,199,000 | $257,000 | $417,000 | $104,000 | $270,000 |
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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About