Atlantic Home Loans, Inc. Mortgage Lending & HMDA Data, 2011
In 2011, Atlantic Home Loans, Inc. of Parsippany, NJ reported 1,889 mortgage applications totaling $579.6 million, down 33% from 2010. The average application was for $306,842, and applicants reported an average income of $137,929. 68% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Newark-Union, NJ-PA (514), New York-White Plains-Wayne, NY-NJ (330) and Edison-New Brunswick, NJ (221) (applications in parentheses).
| Mortgage Company & Address | Atlantic Home Loans, Inc. 50 Route 46 Parsippany, NJ 07054 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 1,889 |
| Total Mortgage Loan Application Amount | $579,626,000 |
| Average Mortgage Loan Application Amount | $306,842 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $137,929 |
| Highest Applicant Income | $1,436,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Atlantic Home Loans, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Morris, New Jersey | 204 | $ 68,497,000 | $ 335,769 | $ 153,000 |
| Fairfield, Connecticut | 161 | $ 79,895,000 | $ 496,242 | $ 218,000 |
| Essex, New Jersey | 136 | $ 43,420,000 | $ 319,264 | $ 141,000 |
| Union, New Jersey | 133 | $ 36,466,000 | $ 274,180 | $ 119,000 |
| Bergen, New Jersey | 125 | $ 45,522,000 | $ 364,176 | $ 151,000 |
| Passaic, New Jersey | 103 | $ 24,703,000 | $ 239,834 | $ 95,000 |
| New Haven, Connecticut | 101 | $ 21,166,000 | $ 209,564 | $ 89,000 |
| Kent, Delaware | 80 | $ 15,631,000 | $ 195,387 | $ 72,000 |
| Monmouth, New Jersey | 73 | $ 24,796,000 | $ 339,671 | $ 160,000 |
| Hudson, New Jersey | 69 | $ 18,294,000 | $ 265,130 | $ 134,000 |
| Hartford, Connecticut | 58 | $ 12,568,000 | $ 216,689 | $ 100,000 |
| Middlesex, New Jersey | 58 | $ 17,206,000 | $ 296,655 | $ 130,000 |
| Somerset, New Jersey | 58 | $ 20,989,000 | $ 361,879 | $ 168,000 |
| Newport, Rhode Island | 57 | $ 15,296,000 | $ 268,350 | $ 110,000 |
| New Castle, Delaware | 34 | $ 7,564,000 | $ 222,470 | $ 113,000 |
| Ocean, New Jersey | 32 | $ 8,536,000 | $ 266,750 | $ 123,000 |
| Hunterdon, New Jersey | 21 | $ 7,688,000 | $ 366,095 | $ 181,000 |
| Sussex, New Jersey | 20 | $ 6,082,000 | $ 304,100 | $ 127,000 |
| Burlington, New Jersey | 15 | $ 4,092,000 | $ 272,800 | $ 172,000 |
| Hampden, Massachusetts | 14 | $ 2,384,000 | $ 170,285 | $ 61,000 |
| Mercer, New Jersey | 12 | $ 3,792,000 | $ 316,000 | $ 204,000 |
| Westchester, New York | 12 | $ 4,052,000 | $ 337,666 | $ 186,000 |
| Litchfield, Connecticut | 11 | $ 2,330,000 | $ 211,818 | $ 83,000 |
| Middlesex, Connecticut | 8 | $ 1,483,000 | $ 185,375 | $ 119,000 |
| Bristol, Rhode Island | 8 | $ 1,710,000 | $ 213,750 | $ 94,000 |
| Chester, Pennsylvania | 7 | $ 2,206,000 | $ 315,142 | $ 119,000 |
| Montgomery, Pennsylvania | 7 | $ 2,161,000 | $ 308,714 | $ 166,000 |
| Camden, New Jersey | 6 | $ 1,569,000 | $ 261,500 | $ 126,000 |
| Cape May, New Jersey | 6 | $ 2,788,000 | $ 464,666 | $ 291,000 |
| Gloucester, New Jersey | 6 | $ 1,044,000 | $ 174,000 | $ 84,000 |
| Bronx, New York | 6 | $ 2,055,000 | $ 342,500 | $ 67,000 |
| New York, New York | 6 | $ 3,866,000 | $ 644,333 | $ 255,000 |
| Washington, Rhode Island | 6 | $ 1,463,000 | $ 243,833 | $ 247,000 |
| Sussex, Delaware | 5 | $ 1,019,000 | $ 203,800 | $ 78,000 |
| Queens, New York | 5 | $ 1,656,000 | $ 331,200 | $ 90,000 |
| Bristol, Massachusetts | 4 | $ 1,101,000 | $ 275,250 | $ 77,000 |
| Atlantic, New Jersey | 4 | $ 1,218,000 | $ 304,500 | $ 236,000 |
| Orange, New York | 4 | $ 1,114,000 | $ 278,500 | $ 100,000 |
| Bucks, Pennsylvania | 4 | $ 1,010,000 | $ 252,500 | $ 100,000 |
| Middlesex, Massachusetts | 3 | $ 821,000 | $ 273,666 | $ 130,000 |
| Warren, New Jersey | 3 | $ 856,000 | $ 285,333 | $ 127,000 |
| Nassau, New York | 3 | $ 1,430,000 | $ 476,666 | $ 198,000 |
| Suffolk, New York | 3 | $ 2,200,000 | $ 733,333 | $ 220,000 |
| Prince William, Virginia | 3 | $ 685,000 | $ 228,333 | $ 75,000 |
| New London, Connecticut | 2 | $ 539,000 | $ 269,500 | $ 84,000 |
| Tolland, Connecticut | 2 | $ 647,000 | $ 323,500 | $ 93,000 |
| Hampshire, Massachusetts | 2 | $ 511,000 | $ 255,500 | $ 65,000 |
| Rockland, New York | 2 | $ 763,000 | $ 381,500 | $ 117,000 |
| Kent, Rhode Island | 2 | $ 512,000 | $ 256,000 | $ 86,000 |
| Providence, Rhode Island | 2 | $ 330,000 | $ 165,000 | $ 48,000 |
| Fairfax, Virginia | 2 | $ 585,000 | $ 292,500 | $ 93,000 |
| Orange, California | 1 | $ 250,000 | $ 250,000 | $ 43,000 |
| Hillsborough, Florida | 1 | $ 215,000 | $ 215,000 | $ 166,000 |
| Palm Beach, Florida | 1 | $ 250,000 | $ 250,000 | $ 407,000 |
| St. Lucie, Florida | 1 | $ 200,000 | $ 200,000 | $ 159,000 |
| Baltimore, Maryland | 1 | $ 300,000 | $ 300,000 | $ 100,000 |
| Wicomico, Maryland | 1 | $ 228,000 | $ 228,000 | $ 59,000 |
| Barnstable, Massachusetts | 1 | $ 200,000 | $ 200,000 | $ 243,000 |
| Berkshire, Massachusetts | 1 | $ 50,000 | $ 50,000 | $ 16,000 |
| Dukes, Massachusetts | 1 | $ 197,000 | $ 197,000 | $ 200,000 |
| Essex, Massachusetts | 1 | $ 500,000 | $ 500,000 | $ 228,000 |
| Worcester, Massachusetts | 1 | $ 512,000 | $ 512,000 | $ 150,000 |
| Salem, New Jersey | 1 | $ 136,000 | $ 136,000 | $ 70,000 |
| Cattaraugus, New York | 1 | $ 173,000 | $ 173,000 | $ 95,000 |
| Kings, New York | 1 | $ 496,000 | $ 496,000 | $ 147,000 |
| Monroe, New York | 1 | $ 50,000 | $ 50,000 | $ 29,000 |
| Ontario, New York | 1 | $ 127,000 | $ 127,000 | $ 71,000 |
| Richmond, New York | 1 | $ 419,000 | $ 419,000 | $ 116,000 |
| Saratoga, New York | 1 | $ 196,000 | $ 196,000 | $ 75,000 |
| Warren, New York | 1 | $ 300,000 | $ 300,000 | $ 252,000 |
| New Hanover, North Carolina | 1 | $ 365,000 | $ 365,000 | $ 143,000 |
| Franklin, Pennsylvania | 1 | $ 266,000 | $ 266,000 | $ 147,000 |
| Lehigh, Pennsylvania | 1 | $ 363,000 | $ 363,000 | $ 88,000 |
| Northampton, Pennsylvania | 1 | $ 296,000 | $ 296,000 | $ 116,000 |
| Philadelphia, Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 57,000 |
| Albemarle, Virginia | 1 | $ 302,000 | $ 302,000 | $ 66,000 |
| Loudoun, Virginia | 1 | $ 250,000 | $ 250,000 | $ 158,000 |
| Manassas, Virginia | 1 | $ 128,000 | $ 128,000 | $ 63,000 |
| Norfolk, Virginia | 1 | $ 142,000 | $ 142,000 | $ 104,000 |
| Roanoke, Virginia | 1 | $ 298,000 | $ 298,000 | $ 342,000 |
| Virginia Beach, Virginia | 1 | $ 324,000 | $ 324,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for Atlantic Home Loans, Inc. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,285 | $389,441,000 | $303,000 | $1,500,000 | $135,000 | $1,436,000 |
| Refinancing | 603 | $189,779,000 | $314,000 | $1,250,000 | $144,000 | $996,000 |
| Home Improvement | 1 | $406,000 | $406,000 | $406,000 | $242,000 | $242,000 |
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 | 1,378 | $427,553,000 | $310,000 | $1,500,000 | $141,000 | $1,436,000 |
| Hispanic | 168 | $39,453,000 | $234,000 | $900,000 | $91,000 | $515,000 |
| Asian | 163 | $51,801,000 | $317,000 | $1,000,000 | $150,000 | $796,000 |
| Not Provided | 118 | $45,517,000 | $385,000 | $1,500,000 | $159,000 | $625,000 |
| Black or African American | 56 | $11,818,000 | $211,000 | $791,000 | $92,000 | $308,000 |
| American Indian or Alaskan Native | 4 | $3,074,000 | $768,000 | $1,022,000 | $534,000 | $1,261,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $410,000 | $205,000 | $217,000 | $106,000 | $158,000 |
| Not applicable | 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) | 1,381 | $453,003,000 | $328,000 | $1,500,000 | $158,000 | $1,436,000 |
| FHA-insured (Federal Housing Administration) | 489 | $122,840,000 | $251,000 | $716,000 | $86,000 | $475,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $2,605,000 | $200,000 | $267,000 | $56,000 | $79,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,178,000 | $196,000 | $286,000 | $72,000 | $148,000 |
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 | 1,287 | $404,770,000 | $314,000 | $1,500,000 | $144,000 | $1,436,000 |
| Application Withdrawn By Applicant | 457 | $131,054,000 | $286,000 | $1,250,000 | $126,000 | $996,000 |
| Application Denied By Financial Institution | 133 | $39,473,000 | $296,000 | $1,440,000 | $116,000 | $750,000 |
| Application Approved But Not Accepted | 5 | $2,032,000 | $406,000 | $700,000 | $167,000 | $405,000 |
| Preapproval Approved but not Accepted | 4 | $1,501,000 | $375,000 | $650,000 | $261,000 | $386,000 |
| File Closed For Incompleteness | 3 | $796,000 | $265,000 | $309,000 | $180,000 | $344,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Atlantic Home Loans, Inc.'s 2011 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 Atlantic Home Loans, Inc.'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.
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