Essa Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Essa Bank & Trust of Stroudsburg, PA reported 1,088 mortgage applications totaling $173.5 million, up 3% from 2006. The average application was for $159,471, and applicants reported an average income of $92,529. 74% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (315), Allentown-Bethlehem-Easton, PA-NJ (101) and Newark-Union, NJ-PA (60) (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 | 1,088 |
| Total Mortgage Loan Application Amount | $173,505,000 |
| Average Mortgage Loan Application Amount | $159,471 |
| Highest Mortgage Loan Application Amount | $1,980,000 |
| Average Applicant Income | $92,529 |
| Highest Applicant Income | $663,000 |
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Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 559 | $ 84,363,000 | $ 150,917 | $ 88,000 |
| Luzerne, Pennsylvania | 282 | $ 43,608,000 | $ 154,638 | $ 91,000 |
| Pike, Pennsylvania | 60 | $ 8,594,000 | $ 143,233 | $ 104,000 |
| Northampton, Pennsylvania | 56 | $ 13,486,000 | $ 240,821 | $ 99,000 |
| Wayne, Pennsylvania | 43 | $ 8,547,000 | $ 198,767 | $ 117,000 |
| Carbon, Pennsylvania | 30 | $ 4,192,000 | $ 139,733 | $ 93,000 |
| Lackawanna, Pennsylvania | 30 | $ 5,397,000 | $ 179,900 | $ 92,000 |
| Lehigh, Pennsylvania | 15 | $ 2,727,000 | $ 181,800 | $ 92,000 |
| Wyoming, Pennsylvania | 3 | $ 367,000 | $ 122,333 | $ 50,000 |
| Columbia, Pennsylvania | 2 | $ 192,000 | $ 96,000 | $ 135,000 |
| Schuylkill, Pennsylvania | 2 | $ 499,000 | $ 249,500 | $ 76,000 |
| Adams, Pennsylvania | 1 | $ 589,000 | $ 589,000 | $ 155,000 |
| Bradford, Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 90,000 |
| Centre, Pennsylvania | 1 | $ 341,000 | $ 341,000 | $ 658,000 |
| Montgomery, Pennsylvania | 1 | $ 116,000 | $ 116,000 | $ 220,000 |
| Northumberland, Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 172,000 |
| Susquehanna, Pennsylvania | 1 | $ 97,000 | $ 97,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2007
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 | 537 | $101,892,000 | $189,000 | $1,200,000 | $104,000 | $663,000 |
| Refinancing | 405 | $65,282,000 | $161,000 | $1,980,000 | $84,000 | $491,000 |
| Home Improvement | 146 | $6,331,000 | $43,000 | $500,000 | $74,000 | $244,000 |
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 | 923 | $143,591,000 | $155,000 | $1,085,000 | $93,000 | $663,000 |
| Not Provided | 76 | $8,815,000 | $115,000 | $589,000 | $89,000 | $220,000 |
| Hispanic | 36 | $6,855,000 | $190,000 | $400,000 | $91,000 | $377,000 |
| Black or African American | 31 | $6,744,000 | $217,000 | $427,000 | $87,000 | $178,000 |
| Asian | 13 | $3,512,000 | $270,000 | $1,200,000 | $139,000 | $638,000 |
| Not applicable | 4 | $2,808,000 | $702,000 | $1,980,000 | $11,000 | $44,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $878,000 | $292,000 | $333,000 | $69,000 | $98,000 |
| American Indian or Alaskan Native | 2 | $302,000 | $151,000 | $215,000 | $81,000 | $89,000 |
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) | 1,087 | $173,362,000 | $159,000 | $1,980,000 | $93,000 | $663,000 |
| FHA-insured (Federal Housing Administration) | 1 | $143,000 | $143,000 | $143,000 | $70,000 | $70,000 |
| 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 | 802 | $123,779,000 | $154,000 | $1,980,000 | $94,000 | $663,000 |
| Application Denied By Financial Institution | 95 | $14,601,000 | $153,000 | $1,200,000 | $71,000 | $638,000 |
| File Closed For Incompleteness | 88 | $18,033,000 | $204,000 | $1,085,000 | $102,000 | $625,000 |
| Application Withdrawn By Applicant | 86 | $14,407,000 | $167,000 | $589,000 | $89,000 | $561,000 |
| Application Approved But Not Accepted | 17 | $2,685,000 | $157,000 | $311,000 | $112,000 | $324,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 54 | $8,559,000 | $158,000 | $446,000 | $56,000 | $136,000 |
| Credit History | 22 | $2,428,000 | $110,000 | $313,000 | $66,000 | $151,000 |
| Collateral | 11 | $1,606,000 | $146,000 | $437,000 | $98,000 | $172,000 |
| Other | 4 | $509,000 | $127,000 | $240,000 | $85,000 | $220,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,394,000 | $697,000 | $1,200,000 | $375,000 | $638,000 |
| Unverifiable Information | 1 | $25,000 | $25,000 | $25,000 | $38,000 | $38,000 |
| Employment History | 1 | $80,000 | $80,000 | $80,000 | $47,000 | $47,000 |
| Credit Application Incomplete | 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 2007 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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