Atlantic Home Loans, Inc. Mortgage Lending & HMDA Data, 2014
In 2014, Atlantic Home Loans, Inc. of Parsippany, NJ reported 2,137 mortgage applications totaling $540.3 million, down 17% from 2013. The average application was for $252,834, and applicants reported an average income of $109,277. 75% of its applications resulted in an originated loan and 7% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (403), Newark, NJ-PA (359) and Allentown-Bethlehem-Easton, PA-NJ (240) (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 | 2,137 |
| Total Mortgage Loan Application Amount | $540,307,000 |
| Average Mortgage Loan Application Amount | $252,834 |
| Highest Mortgage Loan Application Amount | $1,330,000 |
| Average Applicant Income | $109,277 |
| Highest Applicant Income | $1,080,000 |
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records Atlantic Home Loans, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 403 | $ 128,419,000 | $ 318,657 | $ 136,836 |
| Newark, NJ-PA | 359 | $ 129,583,000 | $ 360,955 | $ 156,902 |
| Allentown-Bethlehem-Easton, PA-NJ | 240 | $ 38,957,000 | $ 162,320 | $ 75,466 |
| New Haven-Milford, CT | 191 | $ 39,310,000 | $ 205,811 | $ 91,000 |
| Dover, DE | 166 | $ 30,214,000 | $ 182,012 | $ 64,000 |
| Cumberland, MD-WV | 162 | $ 19,115,000 | $ 117,993 | $ 54,000 |
| Bridgeport-Stamford-Norwalk, CT | 143 | $ 48,636,000 | $ 340,111 | $ 134,000 |
| Hartford-West Hartford-East Hartford, CT | 108 | $ 22,127,000 | $ 204,879 | $ 81,000 |
| Providence-Warwick, RI-MA | 92 | $ 22,530,000 | $ 244,891 | $ 105,413 |
| Montgomery County-Bucks County-Chester County, PA | 42 | $ 9,197,000 | $ 218,976 | $ 107,000 |
| Wilmington, DE-MD-NJ | 31 | $ 6,405,000 | $ 206,612 | $ 78,000 |
| Salisbury, MD-DE | 29 | $ 5,551,000 | $ 191,413 | $ 70,793 |
| Baltimore-Columbia-Towson, MD | 18 | $ 4,913,000 | $ 272,944 | $ 116,000 |
| Camden, NJ | 15 | $ 4,211,000 | $ 280,733 | $ 133,000 |
| East Stroudsburg, PA | 14 | $ 2,103,000 | $ 150,214 | $ 64,000 |
| Norwich-New London, CT | 10 | $ 2,015,000 | $ 201,500 | $ 81,000 |
| Trenton, NJ | 10 | $ 2,945,000 | $ 294,500 | $ 141,000 |
| Nassau County-Suffolk County, NY | 9 | $ 3,266,000 | $ 362,888 | $ 297,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 2,259,000 | $ 282,375 | $ 85,000 |
| Worcester, MA-CT | 5 | $ 996,000 | $ 199,200 | $ 76,800 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 861,000 | $ 215,250 | $ 110,000 |
| Winchester, VA-WV | 4 | $ 413,000 | $ 103,250 | $ 37,000 |
| Atlanta-Sandy Springs-Roswell, GA | 3 | $ 810,000 | $ 270,000 | $ 92,000 |
| Boston, MA | 3 | $ 1,162,000 | $ 387,333 | $ 122,000 |
| Philadelphia, PA | 3 | $ 1,049,000 | $ 349,666 | $ 322,000 |
| Reading, PA | 3 | $ 562,000 | $ 187,333 | $ 146,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 647,000 | $ 215,666 | $ 72,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 279,000 | $ 139,500 | $ 80,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 658,000 | $ 329,000 | $ 78,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 755,000 | $ 377,500 | $ 165,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 413,000 | $ 206,500 | $ 60,000 |
| Silver Spring-Frederick-Rockville, MD | 2 | $ 489,000 | $ 244,500 | $ 101,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 280,000 | $ 280,000 | $ 178,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 356,000 | $ 356,000 | $ 149,000 |
| Barnstable Town, MA | 1 | $ 328,000 | $ 328,000 | $ 254,000 |
| California-Lexington Park, MD | 1 | $ 201,000 | $ 201,000 | $ 70,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 150,000 | $ 150,000 | $ 46,000 |
| Dutchess County-Putnam County, NY | 1 | $ 417,000 | $ 417,000 | $ 267,000 |
| Jacksonville, FL | 1 | $ 244,000 | $ 244,000 | $ 123,000 |
| Kingston, NY | 1 | $ 184,000 | $ 184,000 | $ 167,000 |
| Lakeland-Winter Haven, FL | 1 | $ 135,000 | $ 135,000 | $ 125,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 368,000 | $ 368,000 | $ 40,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 229,000 | $ 229,000 | $ 237,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 270,000 | $ 270,000 | $ 218,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 508,000 | $ 508,000 | $ 150,000 |
| Port St. Lucie, FL | 1 | $ 136,000 | $ 136,000 | $ 104,000 |
| Richmond, VA | 1 | $ 368,000 | $ 368,000 | $ 276,000 |
| Sebastian-Vero Beach, FL | 1 | $ 110,000 | $ 110,000 | $ 111,000 |
| Winston-Salem, NC | 1 | $ 240,000 | $ 240,000 | $ 98,000 |
| York-Hanover, PA | 1 | $ 165,000 | $ 165,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Atlantic Home Loans, Inc. in 2014
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 | 1,737 | $434,010,000 | $249,000 | $1,330,000 | $106,000 | $1,080,000 |
| Refinancing | 395 | $105,453,000 | $266,000 | $1,000,000 | $124,000 | $766,000 |
| Home Improvement | 5 | $844,000 | $168,000 | $417,000 | $85,000 | $125,000 |
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 | 1,437 | $353,098,000 | $245,000 | $1,330,000 | $106,000 | $1,080,000 |
| Not Provided | 361 | $97,689,000 | $270,000 | $1,200,000 | $119,000 | $716,000 |
| Asian | 140 | $44,090,000 | $314,000 | $1,085,000 | $148,000 | $1,047,000 |
| Hispanic | 104 | $23,794,000 | $228,000 | $995,000 | $93,000 | $438,000 |
| Black or African American | 89 | $20,675,000 | $232,000 | $832,000 | $83,000 | $251,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $640,000 | $213,000 | $412,000 | $71,000 | $143,000 |
| American Indian or Alaskan Native | 3 | $321,000 | $107,000 | $173,000 | $48,000 | $68,000 |
| 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) | 1,405 | $397,432,000 | $282,000 | $1,330,000 | $129,000 | $1,080,000 |
| FHA-insured (Federal Housing Administration) | 455 | $94,910,000 | $208,000 | $664,000 | $78,000 | $374,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 183 | $25,338,000 | $138,000 | $314,000 | $48,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 94 | $22,627,000 | $240,000 | $640,000 | $77,000 | $247,000 |
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 | 1,603 | $401,639,000 | $250,000 | $1,132,000 | $108,000 | $1,080,000 |
| Application Withdrawn By Applicant | 366 | $102,435,000 | $279,000 | $1,330,000 | $125,000 | $1,047,000 |
| Application Denied By Financial Institution | 147 | $32,165,000 | $218,000 | $1,000,000 | $84,000 | $424,000 |
| File Closed For Incompleteness | 15 | $3,005,000 | $200,000 | $380,000 | $101,000 | $210,000 |
| Application Approved But Not Accepted | 6 | $1,063,000 | $177,000 | $356,000 | $88,000 | $154,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $218,000 | $218,000 | $218,000 | $94,000 | $94,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Atlantic Home Loans, Inc.'s 2014 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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