Atlantic Home Loans, Inc. Mortgage Lending & HMDA Data, 2017
In 2017, Atlantic Home Loans, Inc. of Parsippany, NJ reported 3,517 mortgage applications totaling $856.4 million, up 6% from 2016. The average application was for $243,507, and applicants reported an average income of $103,899. 72% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Allentown-Bethlehem-Easton, PA-NJ (618), New York-Jersey City-White Plains, NY-NJ (449) and Newark, NJ-PA (393) (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 | 3,517 |
| Total Mortgage Loan Application Amount | $856,415,000 |
| Average Mortgage Loan Application Amount | $243,507 |
| Highest Mortgage Loan Application Amount | $2,716,000 |
| Average Applicant Income | $103,899 |
| Highest Applicant Income | $1,855,000 |
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records Atlantic Home Loans, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Allentown-Bethlehem-Easton, PA-NJ | 618 | $ 110,795,000 | $ 179,279 | $ 87,323 |
| New York-Jersey City-White Plains, NY-NJ | 449 | $ 166,758,000 | $ 371,398 | $ 148,530 |
| Newark, NJ-PA | 393 | $ 134,820,000 | $ 343,053 | $ 152,765 |
| Providence-Warwick, RI-MA | 325 | $ 81,564,000 | $ 250,966 | $ 101,446 |
| Dover, DE | 321 | $ 64,303,000 | $ 200,320 | $ 69,000 |
| East Stroudsburg, PA | 231 | $ 33,124,000 | $ 143,393 | $ 80,000 |
| New Haven-Milford, CT | 229 | $ 48,367,000 | $ 211,209 | $ 85,000 |
| Atlantic City-Hammonton, NJ | 152 | $ 22,887,000 | $ 150,572 | $ 72,000 |
| Bridgeport-Stamford-Norwalk, CT | 77 | $ 25,852,000 | $ 335,740 | $ 136,000 |
| Montgomery County-Bucks County-Chester County, PA | 77 | $ 17,966,000 | $ 233,324 | $ 98,000 |
| Salisbury, MD-DE | 70 | $ 15,026,000 | $ 214,657 | $ 83,100 |
| Wilmington, DE-MD-NJ | 65 | $ 15,301,000 | $ 235,400 | $ 86,153 |
| Chattanooga, TN-GA | 55 | $ 9,661,000 | $ 175,654 | $ 69,454 |
| Baltimore-Columbia-Towson, MD | 45 | $ 11,039,000 | $ 245,311 | $ 97,000 |
| Hartford-West Hartford-East Hartford, CT | 44 | $ 9,994,000 | $ 227,136 | $ 93,000 |
| Miami-Miami Beach-Kendall, FL | 32 | $ 10,009,000 | $ 312,781 | $ 107,000 |
| Camden, NJ | 27 | $ 5,478,000 | $ 202,888 | $ 99,000 |
| Cape Coral-Fort Myers, FL | 25 | $ 4,133,000 | $ 165,320 | $ 79,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 23 | $ 5,990,000 | $ 260,434 | $ 117,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 16 | $ 1,694,000 | $ 105,875 | $ 62,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 15 | $ 4,871,000 | $ 324,733 | $ 86,000 |
| Ocean City, NJ | 14 | $ 3,622,000 | $ 258,714 | $ 119,000 |
| Cambridge-Newton-Framingham, MA | 12 | $ 5,296,000 | $ 441,333 | $ 146,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 12 | $ 4,981,000 | $ 415,083 | $ 135,333 |
| Worcester, MA-CT | 11 | $ 2,474,000 | $ 224,909 | $ 96,909 |
| Boston, MA | 10 | $ 3,212,000 | $ 321,200 | $ 140,000 |
| Reading, PA | 10 | $ 1,627,000 | $ 162,700 | $ 81,000 |
| Vineland-Bridgeton, NJ | 10 | $ 1,566,000 | $ 156,600 | $ 60,000 |
| Oakland-Hayward-Berkeley, CA | 8 | $ 3,747,000 | $ 468,375 | $ 157,000 |
| Philadelphia, PA | 8 | $ 1,307,000 | $ 163,375 | $ 71,000 |
| Atlanta-Sandy Springs-Roswell, GA | 7 | $ 1,843,000 | $ 263,285 | $ 123,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 1,416,000 | $ 236,000 | $ 75,000 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 1,006,000 | $ 201,200 | $ 145,000 |
| Punta Gorda, FL | 5 | $ 780,000 | $ 156,000 | $ 109,000 |
| Trenton, NJ | 4 | $ 1,257,000 | $ 314,250 | $ 147,000 |
| Cleveland, TN | 3 | $ 515,000 | $ 171,666 | $ 59,000 |
| Nassau County-Suffolk County, NY | 3 | $ 1,553,000 | $ 517,666 | $ 220,000 |
| Norwich-New London, CT | 3 | $ 588,000 | $ 196,000 | $ 104,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 756,000 | $ 252,000 | $ 80,000 |
| Silver Spring-Frederick-Rockville, MD | 3 | $ 1,384,000 | $ 461,333 | $ 342,000 |
| Stockton-Lodi, CA | 3 | $ 854,000 | $ 284,666 | $ 61,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 557,000 | $ 185,666 | $ 95,000 |
| Barnstable Town, MA | 2 | $ 509,000 | $ 254,500 | $ 314,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 2 | $ 392,000 | $ 196,000 | $ 111,000 |
| Harrisburg-Carlisle, PA | 2 | $ 329,000 | $ 164,500 | $ 84,000 |
| Lakeland-Winter Haven, FL | 2 | $ 249,000 | $ 124,500 | $ 61,000 |
| Lancaster, PA | 2 | $ 360,000 | $ 180,000 | $ 86,000 |
| Lynchburg, VA | 2 | $ 219,000 | $ 109,500 | $ 434,000 |
| Montgomery, AL | 2 | $ 245,000 | $ 122,500 | $ 58,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 288,000 | $ 144,000 | $ 34,000 |
| Pittsburgh, PA | 2 | $ 293,000 | $ 146,500 | $ 62,000 |
| Richmond, VA | 2 | $ 492,000 | $ 246,000 | $ 60,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 353,000 | $ 176,500 | $ 27,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 1,035,000 | $ 517,500 | $ 99,000 |
| Sebastian-Vero Beach, FL | 2 | $ 405,000 | $ 202,500 | $ 110,000 |
| Visalia-Porterville, CA | 2 | $ 544,000 | $ 272,000 | $ 62,000 |
| Albany, GA | 1 | $ 315,000 | $ 315,000 | $ 139,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 144,000 | $ 144,000 | $ 90,000 |
| Clarksville, TN-KY | 1 | $ 172,000 | $ 172,000 | $ 48,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 137,000 | $ 137,000 | $ 46,000 |
| Durham-Chapel Hill, NC | 1 | $ 368,000 | $ 368,000 | $ 134,000 |
| Dutchess County-Putnam County, NY | 1 | $ 532,000 | $ 532,000 | $ 238,000 |
| Gainesville, FL | 1 | $ 141,000 | $ 141,000 | $ 369,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 143,000 | $ 143,000 | $ 57,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 500,000 | $ 500,000 | $ 144,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 162,000 | $ 162,000 | $ 66,000 |
| Ocala, FL | 1 | $ 180,000 | $ 180,000 | $ 109,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 358,000 | $ 358,000 | $ 139,000 |
| Pittsfield, MA | 1 | $ 154,000 | $ 154,000 | $ 123,000 |
| Port St. Lucie, FL | 1 | $ 201,000 | $ 201,000 | $ 62,000 |
| Redding, CA | 1 | $ 203,000 | $ 203,000 | $ 450,000 |
| Rocky Mount, NC | 1 | $ 113,000 | $ 113,000 | $ 166,000 |
| San Diego-Carlsbad, CA | 1 | $ 346,000 | $ 346,000 | $ 136,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 601,000 | $ 601,000 | $ 114,000 |
| Savannah, GA | 1 | $ 187,000 | $ 187,000 | $ 72,000 |
| Vallejo-Fairfield, CA | 1 | $ 437,000 | $ 437,000 | $ 119,000 |
| York-Hanover, PA | 1 | $ 145,000 | $ 145,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for Atlantic Home Loans, Inc. in 2017
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 | 2,963 | $712,618,000 | $240,000 | $2,716,000 | $102,000 | $1,855,000 |
| Refinancing | 553 | $143,458,000 | $259,000 | $980,000 | $114,000 | $942,000 |
| Home Improvement | 1 | $339,000 | $339,000 | $339,000 | $146,000 | $146,000 |
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 | 2,324 | $549,102,000 | $236,000 | $1,360,000 | $104,000 | $1,855,000 |
| Not Provided | 449 | $143,706,000 | $320,000 | $2,716,000 | $135,000 | $1,040,000 |
| Hispanic | 354 | $71,024,000 | $200,000 | $647,000 | $77,000 | $400,000 |
| Black or African American | 240 | $47,783,000 | $199,000 | $636,000 | $76,000 | $347,000 |
| Asian | 139 | $42,517,000 | $305,000 | $1,836,000 | $117,000 | $439,000 |
| American Indian or Alaskan Native | 6 | $791,000 | $131,000 | $215,000 | $92,000 | $274,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,492,000 | $298,000 | $601,000 | $81,000 | $127,000 |
| 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) | 2,024 | $539,447,000 | $266,000 | $2,716,000 | $126,000 | $1,855,000 |
| FHA-insured (Federal Housing Administration) | 1,154 | $241,167,000 | $208,000 | $943,000 | $74,000 | $445,000 |
| VA-guaranteed (Veterans Administration) | 214 | $54,177,000 | $253,000 | $657,000 | $82,000 | $322,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 125 | $21,624,000 | $172,000 | $343,000 | $56,000 | $96,000 |
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 | 2,525 | $601,769,000 | $238,000 | $2,050,000 | $104,000 | $1,855,000 |
| Application Withdrawn By Applicant | 781 | $204,786,000 | $262,000 | $2,716,000 | $109,000 | $822,000 |
| Application Denied By Financial Institution | 162 | $36,731,000 | $226,000 | $1,360,000 | $81,000 | $361,000 |
| Application Approved But Not Accepted | 28 | $7,202,000 | $257,000 | $704,000 | $106,000 | $244,000 |
| File Closed For Incompleteness | 21 | $5,927,000 | $282,000 | $666,000 | $107,000 | $264,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 5 | $517,000 | $103,000 | $160,000 | $135,000 | $263,000 |
| Debt-To-Income Ratio | 4 | $1,215,000 | $303,000 | $736,000 | $85,000 | $130,000 |
| Credit History | 3 | $523,000 | $174,000 | $265,000 | $69,000 | $108,000 |
| Credit Application Incomplete | 2 | $433,000 | $216,000 | $256,000 | $59,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $130,000 | $130,000 | $130,000 | $35,000 | $35,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Atlantic Home Loans, Inc.'s 2017 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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