Essa Bank & Trust Mortgage Lending & HMDA Data, 2023
In 2023, Essa Bank & Trust of Stroudsburg, PA reported 775 mortgage applications totaling $213.7 million, down 34% from 2022. The average application was for $275,722, and applicants reported an average income of $150,129. 74% of its applications resulted in an originated loan and 12% were denied. Its largest markets were East Stroudsburg, PA (326), Allentown-Bethlehem-Easton, PA-NJ (177) and Philadelphia, PA (87) (applications in parentheses).
| Mortgage Company & Address | Essa Bank & Trust 200 Palmer Street Stroudsburg, PA 18360 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 775 |
| Total Mortgage Loan Application Amount | $213,685,000 |
| Average Mortgage Loan Application Amount | $275,722 |
| Highest Mortgage Loan Application Amount | $6,505,000 |
| Average Applicant Income | $150,129 |
| Highest Applicant Income | $1,517,000 |
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Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 326 | $ 53,350,000 | $ 163,650 | $ 130,000 |
| Northampton, Pennsylvania | 101 | $ 17,075,000 | $ 169,059 | $ 127,000 |
| Luzerne, Pennsylvania | 56 | $ 12,510,000 | $ 223,392 | $ 154,000 |
| Lehigh, Pennsylvania | 55 | $ 10,875,000 | $ 197,727 | $ 124,000 |
| Philadelphia, Pennsylvania | 45 | $ 41,685,000 | $ 926,333 | $ 148,000 |
| Delaware, Pennsylvania | 42 | $ 17,120,000 | $ 407,619 | $ 221,000 |
| Montgomery, Pennsylvania | 31 | $ 18,295,000 | $ 590,161 | $ 218,000 |
| Chester, Pennsylvania | 27 | $ 15,435,000 | $ 571,666 | $ 255,000 |
| Pike, Pennsylvania | 22 | $ 2,890,000 | $ 131,363 | $ 103,000 |
| Carbon, Pennsylvania | 21 | $ 7,215,000 | $ 343,571 | $ 215,000 |
| Lackawanna, Pennsylvania | 18 | $ 9,340,000 | $ 518,888 | $ 192,000 |
| Berks, Pennsylvania | 7 | $ 1,365,000 | $ 195,000 | $ 128,000 |
| Bucks, Pennsylvania | 7 | $ 1,385,000 | $ 197,857 | $ 181,000 |
| Wayne, Pennsylvania | 5 | $ 785,000 | $ 157,000 | $ 106,000 |
| Cape May, New Jersey | 4 | $ 2,880,000 | $ 720,000 | $ 577,000 |
| Morris, New Jersey | 2 | $ 780,000 | $ 390,000 | $ 234,000 |
| Bradford, Pennsylvania | 2 | $ 260,000 | $ 130,000 | $ 0 |
| Northumberland, Pennsylvania | 1 | $ 245,000 | $ 245,000 | $ 164,000 |
| Potter, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 194,000 |
| Schuylkill, Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 71,000 |
| Susquehanna, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 163,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2023
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 | 370 | $143,640,000 | $388,000 | $6,505,000 | $191,000 | $1,517,000 |
| Home Improvement | 141 | $16,205,000 | $114,000 | $5,225,000 | $120,000 | $494,000 |
| Cash-out Refinancing | 112 | $15,720,000 | $140,000 | $925,000 | $117,000 | $661,000 |
| Other Purpose | 107 | $7,805,000 | $72,000 | $485,000 | $103,000 | $470,000 |
| Refinancing | 45 | $30,315,000 | $673,000 | $4,315,000 | $103,000 | $464,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 562 | $120,800,000 | $214,000 | $2,005,000 | $149,000 | $1,517,000 |
| Not Provided | 52 | $9,530,000 | $183,000 | $835,000 | $160,000 | $522,000 |
| Not applicable | 48 | $54,840,000 | $1,142,000 | $6,505,000 | $0 | $0 |
| Hispanic | 43 | $9,815,000 | $228,000 | $905,000 | $134,000 | $380,000 |
| Black or African American | 34 | $7,590,000 | $223,000 | $675,000 | $123,000 | $484,000 |
| Asian | 23 | $8,415,000 | $365,000 | $805,000 | $245,000 | $979,000 |
| American Indian or Alaskan Native | 4 | $250,000 | $62,000 | $115,000 | $81,000 | $111,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $175,000 | $175,000 | $175,000 | $70,000 | $70,000 |
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) | 775 | $213,685,000 | $275,000 | $6,505,000 | $150,000 | $1,517,000 |
| 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 | 575 | $158,585,000 | $275,000 | $5,225,000 | $162,000 | $1,517,000 |
| Application Denied By Financial Institution | 96 | $19,480,000 | $202,000 | $6,505,000 | $88,000 | $762,000 |
| Application Withdrawn By Applicant | 57 | $13,185,000 | $231,000 | $825,000 | $143,000 | $980,000 |
| Application Approved But Not Accepted | 34 | $20,980,000 | $617,000 | $5,405,000 | $174,000 | $759,000 |
| File Closed For Incompleteness | 13 | $1,455,000 | $111,000 | $375,000 | $114,000 | $340,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 679 | $194,205,000 | $286,000 | $5,405,000 | $160,000 | $1,517,000 |
| Debt-To-Income Ratio | 58 | $15,560,000 | $268,000 | $6,505,000 | $65,000 | $200,000 |
| Credit History | 27 | $2,125,000 | $78,000 | $435,000 | $74,000 | $206,000 |
| Collateral | 8 | $1,230,000 | $153,000 | $255,000 | $259,000 | $762,000 |
| Other | 1 | $255,000 | $255,000 | $255,000 | $146,000 | $146,000 |
| Unverifiable Information | 1 | $125,000 | $125,000 | $125,000 | $239,000 | $239,000 |
| Employment History | 1 | $185,000 | $185,000 | $185,000 | $155,000 | $155,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Essa Bank & Trust's 2023 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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