Essa Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, Essa Bank & Trust of Stroudsburg, PA reported 1,894 mortgage applications totaling $216.0 million. The average application was for $114,067, and applicants reported an average income of $77,791. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Scranton--Wilkes-Barre--Hazleton, PA (338), Allentown-Bethlehem-Easton, PA (150) and Philadelphia, PA-NJ (2) (applications in parentheses).
| Mortgage Company & Address | Essa Bank & Trust 200 Palmer Street, Po Box L Stroudsburg, PA 18360 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,894 |
| Total Mortgage Loan Application Amount | $216,043,000 |
| Average Mortgage Loan Application Amount | $114,067 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $77,791 |
| Highest Applicant Income | $999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Monroe, Pennsylvania | 1,235 | $ 134,069,000 | $ 108,557 | $ 64,000 |
| Luzerne, Pennsylvania | 302 | $ 37,465,000 | $ 124,056 | $ 96,000 |
| Pike, Pennsylvania | 122 | $ 13,320,000 | $ 109,180 | $ 73,000 |
| Northampton, Pennsylvania | 71 | $ 9,563,000 | $ 134,690 | $ 107,000 |
| Carbon, Pennsylvania | 47 | $ 4,403,000 | $ 93,680 | $ 53,000 |
| Wayne, Pennsylvania | 43 | $ 5,554,000 | $ 129,162 | $ 115,000 |
| Lehigh, Pennsylvania | 32 | $ 5,998,000 | $ 187,437 | $ 67,000 |
| Lackawanna, Pennsylvania | 29 | $ 4,111,000 | $ 141,758 | $ 72,000 |
| Wyoming, Pennsylvania | 4 | $ 404,000 | $ 101,000 | $ 75,000 |
| Columbia, Pennsylvania | 3 | $ 287,000 | $ 95,666 | $ 91,000 |
| Berks, Pennsylvania | 2 | $ 335,000 | $ 167,500 | $ 276,000 |
| Bradford, Pennsylvania | 1 | $ 90,000 | $ 90,000 | $ 43,000 |
| Bucks, Pennsylvania | 1 | $ 176,000 | $ 176,000 | $ 155,000 |
| Montgomery, Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 68,000 |
| Susquehanna, Pennsylvania | 1 | $ 168,000 | $ 168,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2003
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 (home purchase or home improvement, one-to-four family) | 1,214 | $130,025,000 | $107,000 | $600,000 | $77,000 | $955,000 |
| Home Purchase (one-to-four family) | 569 | $82,130,000 | $144,000 | $600,000 | $81,000 | $999,000 |
| Home Improvement (one-to-four family) | 111 | $3,888,000 | $35,000 | $400,000 | $70,000 | $501,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,648 | $184,961,000 | $112,000 | $600,000 | $83,000 | $999,000 |
| Information not provided by applicant in mail or telephone application | 124 | $14,923,000 | $120,000 | $486,000 | $87,000 | $955,000 |
| Other | 38 | $4,856,000 | $127,000 | $281,000 | $64,000 | $274,000 |
| Hispanic | 35 | $4,074,000 | $116,000 | $345,000 | $63,000 | $162,000 |
| Black | 30 | $4,227,000 | $140,000 | $392,000 | $63,000 | $160,000 |
| Asian or Pacific Islander | 16 | $2,615,000 | $163,000 | $356,000 | $92,000 | $156,000 |
| American Indian or Alaskan Native | 3 | $387,000 | $129,000 | $182,000 | $50,000 | $58,000 |
| 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) | 1,894 | $216,043,000 | $114,000 | $600,000 | $78,000 | $999,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,470 | $166,401,000 | $113,000 | $600,000 | $92,000 | $999,000 |
| File Closed For Incompleteness | 175 | $23,230,000 | $132,000 | $500,000 | $75,000 | $442,000 |
| Application Denied By Financial Institution | 145 | $15,147,000 | $104,000 | $375,000 | $63,000 | $282,000 |
| Application Withdrawn By Applicant | 85 | $9,430,000 | $110,000 | $346,000 | $78,000 | $300,000 |
| Application Approved But Not Accepted | 19 | $1,835,000 | $96,000 | $203,000 | $59,000 | $255,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 69 | $6,319,000 | $91,000 | $216,000 | $56,000 | $151,000 |
| Debt-To-Income Ratio | 43 | $4,911,000 | $114,000 | $240,000 | $46,000 | $94,000 |
| Collateral | 17 | $1,737,000 | $102,000 | $322,000 | $96,000 | $205,000 |
| Other | 12 | $1,777,000 | $148,000 | $375,000 | $83,000 | $282,000 |
| Credit Application Incomplete | 2 | $150,000 | $75,000 | $130,000 | $54,000 | $56,000 |
| Unverifiable Information | 1 | $187,000 | $187,000 | $187,000 | $81,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $66,000 | $66,000 | $66,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Essa Bank & Trust's 2003 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 Essa Bank & Trust'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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with aggregated HMDA statistics today.
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