Essa Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Essa Bank & Trust of Stroudsburg, PA reported 1,241 mortgage applications totaling $199.8 million, up 5% from 2008. The average application was for $160,993, and applicants reported an average income of $102,005. 64% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (305), Allentown-Bethlehem-Easton, PA-NJ (153) and Newark-Union, NJ-PA (87) (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 | 1,241 |
| Total Mortgage Loan Application Amount | $199,793,000 |
| Average Mortgage Loan Application Amount | $160,993 |
| Highest Mortgage Loan Application Amount | $11,500,000 |
| Average Applicant Income | $102,005 |
| Highest Applicant Income | $3,940,000 |
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Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 650 | $ 103,019,000 | $ 158,490 | $ 93,000 |
| Luzerne, Pennsylvania | 249 | $ 39,639,000 | $ 159,192 | $ 99,000 |
| Pike, Pennsylvania | 87 | $ 13,200,000 | $ 151,724 | $ 124,000 |
| Northampton, Pennsylvania | 69 | $ 12,427,000 | $ 180,101 | $ 154,000 |
| Lackawanna, Pennsylvania | 55 | $ 9,661,000 | $ 175,654 | $ 111,000 |
| Lehigh, Pennsylvania | 54 | $ 9,394,000 | $ 173,962 | $ 105,000 |
| Wayne, Pennsylvania | 40 | $ 6,701,000 | $ 167,525 | $ 131,000 |
| Carbon, Pennsylvania | 30 | $ 4,681,000 | $ 156,033 | $ 106,000 |
| Schuylkill, Pennsylvania | 4 | $ 578,000 | $ 144,500 | $ 100,000 |
| Bradford, Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 60,000 |
| Susquehanna, Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 89,000 |
| Wyoming, Pennsylvania | 1 | $ 113,000 | $ 113,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2009
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 | 823 | $145,026,000 | $176,000 | $11,500,000 | $100,000 | $1,491,000 |
| Home Purchase | 329 | $51,308,000 | $155,000 | $683,000 | $110,000 | $3,940,000 |
| Home Improvement | 89 | $3,459,000 | $38,000 | $190,000 | $91,000 | $620,000 |
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 | 1,044 | $153,804,000 | $147,000 | $683,000 | $100,000 | $3,940,000 |
| Not Provided | 131 | $21,611,000 | $164,000 | $500,000 | $119,000 | $1,491,000 |
| Hispanic | 26 | $3,386,000 | $130,000 | $347,000 | $98,000 | $263,000 |
| Black or African American | 16 | $2,950,000 | $184,000 | $333,000 | $120,000 | $298,000 |
| Asian | 15 | $2,709,000 | $180,000 | $270,000 | $112,000 | $320,000 |
| Not applicable | 6 | $14,795,000 | $2,465,000 | $11,500,000 | $12,000 | $50,000 |
| American Indian or Alaskan Native | 2 | $127,000 | $63,000 | $75,000 | $100,000 | $125,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $411,000 | $411,000 | $411,000 | $86,000 | $86,000 |
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) | 1,241 | $199,793,000 | $160,000 | $11,500,000 | $102,000 | $3,940,000 |
| 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 | 798 | $119,939,000 | $150,000 | $2,760,000 | $114,000 | $3,940,000 |
| Application Denied By Financial Institution | 248 | $49,937,000 | $201,000 | $11,500,000 | $72,000 | $620,000 |
| File Closed For Incompleteness | 110 | $17,706,000 | $160,000 | $417,000 | $88,000 | $320,000 |
| Application Withdrawn By Applicant | 61 | $8,354,000 | $136,000 | $417,000 | $96,000 | $520,000 |
| Application Approved But Not Accepted | 24 | $3,857,000 | $160,000 | $380,000 | $99,000 | $285,000 |
| 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 | 147 | $24,069,000 | $163,000 | $500,000 | $61,000 | $278,000 |
| Credit History | 45 | $5,400,000 | $120,000 | $331,000 | $67,000 | $163,000 |
| Collateral | 34 | $17,455,000 | $513,000 | $11,500,000 | $107,000 | $290,000 |
| Other | 13 | $1,798,000 | $138,000 | $326,000 | $140,000 | $620,000 |
| Mortgage Insurance Denied | 5 | $636,000 | $127,000 | $201,000 | $71,000 | $107,000 |
| Employment History | 2 | $217,000 | $108,000 | $145,000 | $78,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $78,000 | $78,000 | $78,000 | $23,000 | $23,000 |
| Unverifiable Information | 1 | $284,000 | $284,000 | $284,000 | $2,000 | $2,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Essa Bank & Trust's 2009 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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