Essa Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Essa Bank & Trust of Stroudsburg, PA reported 1,297 mortgage applications totaling $159.1 million, down 32% from 2003. The average application was for $122,681, and applicants reported an average income of $76,139. 69% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (158), Allentown-Bethlehem-Easton, PA-NJ (85) and Philadelphia, PA (1) (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 | 1,297 |
| Total Mortgage Loan Application Amount | $159,118,000 |
| Average Mortgage Loan Application Amount | $122,681 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $76,139 |
| Highest Applicant Income | $850,000 |
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Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 939 | $ 110,807,000 | $ 118,005 | $ 72,000 |
| Luzerne, Pennsylvania | 135 | $ 19,036,000 | $ 141,007 | $ 69,000 |
| Pike, Pennsylvania | 63 | $ 7,511,000 | $ 119,222 | $ 80,000 |
| Northampton, Pennsylvania | 45 | $ 5,625,000 | $ 125,000 | $ 96,000 |
| Wayne, Pennsylvania | 45 | $ 6,624,000 | $ 147,200 | $ 100,000 |
| Carbon, Pennsylvania | 30 | $ 3,345,000 | $ 111,500 | $ 60,000 |
| Lackawanna, Pennsylvania | 23 | $ 3,367,000 | $ 146,391 | $ 83,000 |
| Lehigh, Pennsylvania | 10 | $ 2,072,000 | $ 207,200 | $ 116,000 |
| Schuylkill, Pennsylvania | 2 | $ 360,000 | $ 180,000 | $ 64,000 |
| Bucks, Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 79,000 |
| Clinton, Pennsylvania | 1 | $ 64,000 | $ 64,000 | $ 114,000 |
| Montour, Pennsylvania | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Susquehanna, Pennsylvania | 1 | $ 137,000 | $ 137,000 | $ 81,000 |
| Union, Pennsylvania | 1 | $ 60,000 | $ 60,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2004
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 | 606 | $98,200,000 | $162,000 | $800,000 | $80,000 | $850,000 |
| Refinancing | 518 | $51,259,000 | $98,000 | $500,000 | $70,000 | $450,000 |
| Home Improvement | 173 | $9,659,000 | $55,000 | $500,000 | $81,000 | $559,000 |
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 | 1,147 | $138,266,000 | $120,000 | $800,000 | $74,000 | $850,000 |
| Not Provided | 58 | $8,612,000 | $148,000 | $450,000 | $106,000 | $538,000 |
| Black or African American | 45 | $6,307,000 | $140,000 | $351,000 | $74,000 | $177,000 |
| Hispanic | 29 | $3,642,000 | $125,000 | $264,000 | $54,000 | $100,000 |
| Asian | 9 | $1,367,000 | $151,000 | $238,000 | $65,000 | $141,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $779,000 | $111,000 | $197,000 | $70,000 | $146,000 |
| American Indian or Alaskan Native | 2 | $145,000 | $72,000 | $120,000 | $96,000 | $99,000 |
| 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) | 1,297 | $159,118,000 | $122,000 | $800,000 | $77,000 | $850,000 |
| 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 | 897 | $109,637,000 | $122,000 | $800,000 | $87,000 | $850,000 |
| Application Withdrawn By Applicant | 231 | $33,448,000 | $144,000 | $600,000 | $84,000 | $538,000 |
| Application Denied By Financial Institution | 154 | $14,463,000 | $93,000 | $500,000 | $60,000 | $401,000 |
| File Closed For Incompleteness | 12 | $1,324,000 | $110,000 | $300,000 | $84,000 | $200,000 |
| Application Approved But Not Accepted | 3 | $246,000 | $82,000 | $136,000 | $71,000 | $88,000 |
| 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 | 69 | $6,536,000 | $94,000 | $500,000 | $54,000 | $401,000 |
| Debt-To-Income Ratio | 65 | $6,378,000 | $98,000 | $333,000 | $51,000 | $132,000 |
| Collateral | 12 | $629,000 | $52,000 | $237,000 | $75,000 | $112,000 |
| Other | 8 | $920,000 | $115,000 | $158,000 | $106,000 | $205,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Essa Bank & Trust's 2004 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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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