Essa Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Essa Bank & Trust of Stroudsburg, PA reported 1,394 mortgage applications totaling $162.1 million, up 7% from 2004. The average application was for $116,292, and applicants reported an average income of $82,637. 70% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (153) and Allentown-Bethlehem-Easton, PA-NJ (103).
| 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 | 1,394 |
| Total Mortgage Loan Application Amount | $162,112,000 |
| Average Mortgage Loan Application Amount | $116,292 |
| Highest Mortgage Loan Application Amount | $821,000 |
| Average Applicant Income | $82,637 |
| Highest Applicant Income | $994,000 |
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Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Scranton--Wilkes-Barre, PA | 153 | $ 18,540,000 | $ 121,176 | $ 84,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 103 | $ 12,403,000 | $ 120,417 | $ 77,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2005
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 | $89,430,000 | $169,000 | $821,000 | $84,000 | $994,000 |
| Refinancing | 523 | $56,814,000 | $108,000 | $500,000 | $81,000 | $524,000 |
| Home Improvement | 334 | $15,868,000 | $47,000 | $466,000 | $75,000 | $505,000 |
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 | 1,136 | $131,738,000 | $143,500 | $821,000 | $77,500 | $994,000 |
| Not Provided | 179 | $18,745,000 | $104,000 | $500,000 | $89,000 | $494,000 |
| Hispanic | 30 | $4,568,000 | $152,000 | $360,000 | $97,000 | $249,000 |
| Black or African American | 27 | $3,042,000 | $112,000 | $421,000 | $72,000 | $179,000 |
| Asian | 16 | $3,093,000 | $193,000 | $500,000 | $100,000 | $310,000 |
| American Indian or Alaskan Native | 2 | $346,000 | $173,000 | $203,000 | $57,000 | $76,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $274,000 | $137,000 | $137,000 | $151,000 | $151,000 |
| Not applicable | 2 | $306,000 | $153,000 | $246,000 | $17,000 | $33,000 |
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) | 1,394 | $162,112,000 | $144,000 | $821,000 | $80,500 | $994,000 |
| 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 | 980 | $109,108,000 | $111,000 | $821,000 | $102,000 | $994,000 |
| Application Denied By Financial Institution | 184 | $18,859,000 | $102,000 | $500,000 | $64,000 | $344,000 |
| Application Withdrawn By Applicant | 110 | $13,830,000 | $125,000 | $413,000 | $72,000 | $311,000 |
| File Closed For Incompleteness | 97 | $17,785,000 | $183,000 | $500,000 | $85,000 | $246,000 |
| Application Approved But Not Accepted | 22 | $2,358,000 | $107,000 | $304,000 | $123,000 | $356,000 |
| Preapproval Approved but not Accepted | 1 | $172,000 | $172,000 | $172,000 | $79,000 | $79,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 89 | $8,494,000 | $95,000 | $368,000 | $55,000 | $344,000 |
| Credit History | 66 | $7,616,000 | $115,000 | $500,000 | $67,000 | $171,000 |
| Collateral | 15 | $1,078,000 | $71,000 | $140,000 | $73,000 | $132,000 |
| Other | 11 | $1,342,000 | $122,000 | $200,000 | $68,000 | $110,000 |
| Unverifiable Information | 2 | $115,000 | $57,000 | $95,000 | $59,000 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $214,000 | $214,000 | $214,000 | $80,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2005 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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