Essa Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, Essa Bank & Trust of Stroudsburg, PA reported 1,176 mortgage applications totaling $360.5 million, down 5% from 2021. The average application was for $306,573, and applicants reported an average income of $155,890. 78% of its applications resulted in an originated loan and 12% were denied. Its largest markets were East Stroudsburg, PA (470), Allentown-Bethlehem-Easton, PA-NJ (306) and Scranton--Wilkes-Barre--Hazleton, PA (144) (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 | 1,176 |
| Total Mortgage Loan Application Amount | $360,530,000 |
| Average Mortgage Loan Application Amount | $306,573 |
| Highest Mortgage Loan Application Amount | $7,575,000 |
| Average Applicant Income | $155,890 |
| Highest Applicant Income | $4,437,000 |
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Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| East Stroudsburg, PA | 470 | $ 83,140,000 | $ 176,893 | $ 121,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 306 | $ 86,270,000 | $ 281,928 | $ 146,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 144 | $ 42,300,000 | $ 293,750 | $ 146,000 |
| Philadelphia, PA | 103 | $ 86,265,000 | $ 837,524 | $ 239,000 |
| Montgomery County-Bucks County-Chester County, PA | 74 | $ 36,830,000 | $ 497,702 | $ 265,000 |
| Newark, NJ-PA | 32 | $ 6,290,000 | $ 196,562 | $ 122,093 |
| Outside any metro area | 24 | $ 6,200,000 | $ 258,333 | $ 163,000 |
| Reading, PA | 6 | $ 3,250,000 | $ 541,666 | $ 95,000 |
| Atlantic City-Hammonton, NJ | 5 | $ 1,545,000 | $ 309,000 | $ 210,000 |
| Ocean City, NJ | 5 | $ 3,725,000 | $ 745,000 | $ 452,000 |
| Camden, NJ | 3 | $ 1,865,000 | $ 621,666 | $ 282,000 |
| Bloomsburg-Berwick, PA | 1 | $ 155,000 | $ 155,000 | $ 162,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 1,945,000 | $ 1,945,000 | $ 3,199,000 |
| State College, PA | 1 | $ 515,000 | $ 515,000 | $ 296,000 |
| York-Hanover, PA | 1 | $ 235,000 | $ 235,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Essa Bank & Trust in 2022
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 | 549 | $201,225,000 | $366,000 | $4,475,000 | $170,000 | $2,069,000 |
| Home Improvement | 209 | $38,225,000 | $182,000 | $6,295,000 | $123,000 | $909,000 |
| Cash-out Refinancing | 173 | $33,535,000 | $193,000 | $2,325,000 | $132,000 | $1,126,000 |
| Other Purpose | 147 | $12,525,000 | $85,000 | $495,000 | $118,000 | $1,200,000 |
| Refinancing | 98 | $75,020,000 | $765,000 | $7,575,000 | $246,000 | $4,437,000 |
| 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 | 808 | $181,940,000 | $225,000 | $3,005,000 | $148,000 | $4,437,000 |
| Not Provided | 166 | $42,750,000 | $257,000 | $1,705,000 | $163,000 | $2,069,000 |
| Not applicable | 77 | $99,645,000 | $1,294,000 | $7,575,000 | $0 | $0 |
| Black or African American | 40 | $9,830,000 | $245,000 | $1,085,000 | $132,000 | $292,000 |
| Hispanic | 40 | $9,160,000 | $229,000 | $985,000 | $141,000 | $565,000 |
| Asian | 38 | $15,540,000 | $408,000 | $2,325,000 | $237,000 | $1,126,000 |
| American Indian or Alaskan Native | 2 | $160,000 | $80,000 | $125,000 | $66,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 1,176 | $360,530,000 | $306,000 | $7,575,000 | $153,000 | $4,437,000 |
| 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 | 914 | $307,920,000 | $336,000 | $7,575,000 | $162,000 | $4,437,000 |
| Application Denied By Financial Institution | 141 | $25,945,000 | $184,000 | $1,105,000 | $98,000 | $615,000 |
| Application Withdrawn By Applicant | 89 | $18,765,000 | $210,000 | $1,005,000 | $151,000 | $1,200,000 |
| Application Approved But Not Accepted | 21 | $5,895,000 | $280,000 | $605,000 | $140,000 | $275,000 |
| File Closed For Incompleteness | 11 | $2,005,000 | $182,000 | $665,000 | $134,000 | $420,000 |
| 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 | 1,035 | $334,585,000 | $323,000 | $7,575,000 | $161,000 | $4,437,000 |
| Debt-To-Income Ratio | 74 | $12,640,000 | $170,000 | $1,105,000 | $72,000 | $427,000 |
| Credit History | 31 | $4,375,000 | $141,000 | $645,000 | $116,000 | $468,000 |
| Collateral | 22 | $5,930,000 | $269,000 | $955,000 | $148,000 | $564,000 |
| Employment History | 8 | $1,080,000 | $135,000 | $305,000 | $69,000 | $139,000 |
| Unverifiable Information | 3 | $615,000 | $205,000 | $305,000 | $42,000 | $84,000 |
| Other | 2 | $1,050,000 | $525,000 | $1,005,000 | $385,000 | $615,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $255,000 | $255,000 | $255,000 | $92,000 | $92,000 |
| 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 2022 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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