Essa Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Essa Bank & Trust of Stroudsburg, PA reported 1,058 mortgage applications totaling $148.5 million, down 24% from 2005. The average application was for $140,354, and applicants reported an average income of $86,566. 71% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (194), Allentown-Bethlehem-Easton, PA-NJ (99) and Newark-Union, NJ-PA (77) (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 | 1,058 |
| Total Mortgage Loan Application Amount | $148,495,000 |
| Average Mortgage Loan Application Amount | $140,354 |
| Highest Mortgage Loan Application Amount | $795,000 |
| Average Applicant Income | $86,566 |
| Highest Applicant Income | $3,086,000 |
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Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 648 | $ 85,975,000 | $ 132,677 | $ 85,000 |
| Luzerne, Pennsylvania | 174 | $ 22,899,000 | $ 131,603 | $ 77,000 |
| Pike, Pennsylvania | 77 | $ 11,209,000 | $ 145,571 | $ 102,000 |
| Northampton, Pennsylvania | 56 | $ 10,253,000 | $ 183,089 | $ 81,000 |
| Carbon, Pennsylvania | 34 | $ 4,792,000 | $ 140,941 | $ 103,000 |
| Wayne, Pennsylvania | 30 | $ 5,857,000 | $ 195,233 | $ 127,000 |
| Lackawanna, Pennsylvania | 19 | $ 2,820,000 | $ 148,421 | $ 81,000 |
| Lehigh, Pennsylvania | 9 | $ 2,180,000 | $ 242,222 | $ 111,000 |
| Berks, Pennsylvania | 2 | $ 318,000 | $ 159,000 | $ 64,000 |
| Bucks, Pennsylvania | 2 | $ 681,000 | $ 340,500 | $ 109,000 |
| Columbia, Pennsylvania | 2 | $ 427,000 | $ 213,500 | $ 134,000 |
| Chester, Pennsylvania | 1 | $ 265,000 | $ 265,000 | $ 140,000 |
| Montgomery, Pennsylvania | 1 | $ 235,000 | $ 235,000 | $ 83,000 |
| Montour, Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 72,000 |
| Wyoming, Pennsylvania | 1 | $ 184,000 | $ 184,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2006
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 | 498 | $88,701,000 | $178,000 | $772,000 | $99,000 | $3,086,000 |
| Refinancing | 393 | $53,253,000 | $135,000 | $795,000 | $77,000 | $420,000 |
| Home Improvement | 167 | $6,541,000 | $39,000 | $252,000 | $72,000 | $235,000 |
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 | 932 | $129,014,000 | $138,000 | $795,000 | $86,000 | $3,086,000 |
| Not Provided | 62 | $7,795,000 | $125,000 | $600,000 | $89,000 | $900,000 |
| Hispanic | 32 | $5,316,000 | $166,000 | $401,000 | $95,000 | $282,000 |
| Black or African American | 18 | $3,271,000 | $181,000 | $376,000 | $77,000 | $165,000 |
| Asian | 11 | $2,918,000 | $265,000 | $772,000 | $134,000 | $528,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $121,000 | $60,000 | $99,000 | $37,000 | $42,000 |
| American Indian or Alaskan Native | 1 | $60,000 | $60,000 | $60,000 | $54,000 | $54,000 |
| 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) | 1,058 | $148,495,000 | $140,000 | $795,000 | $87,000 | $3,086,000 |
| 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 | 750 | $105,723,000 | $140,000 | $772,000 | $93,000 | $3,086,000 |
| Application Denied By Financial Institution | 123 | $15,567,000 | $126,000 | $795,000 | $61,000 | $206,000 |
| File Closed For Incompleteness | 88 | $14,790,000 | $168,000 | $417,000 | $82,000 | $365,000 |
| Application Withdrawn By Applicant | 80 | $10,148,000 | $126,000 | $450,000 | $74,000 | $343,000 |
| Application Approved But Not Accepted | 16 | $2,067,000 | $129,000 | $295,000 | $79,000 | $170,000 |
| Preapproval Approved but not Accepted | 1 | $200,000 | $200,000 | $200,000 | $121,000 | $121,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 52 | $7,225,000 | $138,000 | $795,000 | $66,000 | $206,000 |
| Debt-To-Income Ratio | 48 | $6,276,000 | $130,000 | $339,000 | $55,000 | $206,000 |
| Collateral | 9 | $827,000 | $91,000 | $266,000 | $67,000 | $133,000 |
| Other | 5 | $259,000 | $51,000 | $113,000 | $59,000 | $105,000 |
| Unverifiable Information | 4 | $355,000 | $88,000 | $135,000 | $45,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $595,000 | $148,000 | $220,000 | $82,000 | $132,000 |
| Credit Application Incomplete | 1 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 |
| Employment History | 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 2006 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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