Financial Resources Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2013
Financial Resources Federal Credit Union 2013 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Financial Resources Federal Credit Union 520 Route 22 E Bridgewater, NJ 08807 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 665 |
| Total Mortgage Loan Application Amount | $148,808,000 |
| Average Mortgage Loan Application Amount | $182,333 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $124,666 |
| Highest Applicant Income | $1,000,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2013 with Financial Resources Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Financial Resources Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2013 breaks down Financial Resources Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Financial Resources Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Financial Resources Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Financial Resources Federal Credit Union's mortgage activity for 2013.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Somerset County New Jersey | 141 | $ 29,797,000 | $ 211,000 | $ 128,000 |
| Middlesex County New Jersey | 99 | $ 18,077,000 | $ 182,000 | $ 115,000 |
| Hunterdon County New Jersey | 71 | $ 16,997,000 | $ 239,000 | $ 159,000 |
| Montgomery County Pennsylvania | 33 | $ 6,302,000 | $ 190,000 | $ 133,000 |
| Bucks County Pennsylvania | 31 | $ 10,847,000 | $ 349,000 | $ 222,000 |
| Union County New Jersey | 25 | $ 7,054,000 | $ 282,000 | $ 118,000 |
| Monmouth County New Jersey | 24 | $ 5,985,000 | $ 249,000 | $ 147,000 |
| Mercer County New Jersey | 20 | $ 5,397,000 | $ 269,000 | $ 155,000 |
| Essex County New Jersey | 14 | $ 3,273,000 | $ 233,000 | $ 51,000 |
| Morris County New Jersey | 14 | $ 4,204,000 | $ 300,000 | $ 168,000 |
| Northampton County Pennsylvania | 13 | $ 2,476,000 | $ 190,000 | $ 109,000 |
| Warren County New Jersey | 10 | $ 1,742,000 | $ 174,000 | $ 103,000 |
| Bernalillo County New Mexico | 9 | $ 1,345,000 | $ 149,000 | $ 70,000 |
| Clermont County Ohio | 7 | $ 838,000 | $ 119,000 | $ 84,000 |
| Hamilton County Ohio | 7 | $ 2,380,000 | $ 340,000 | $ 149,000 |
| Ocean County New Jersey | 6 | $ 2,045,000 | $ 340,000 | $ 136,000 |
| Broward County Florida | 5 | $ 965,000 | $ 193,000 | $ 124,000 |
| Bristol County Massachusetts | 5 | $ 1,070,000 | $ 214,000 | $ 173,000 |
| Hudson County New Jersey | 5 | $ 1,251,000 | $ 250,000 | $ 205,000 |
| Lehigh County Pennsylvania | 5 | $ 680,000 | $ 136,000 | $ 141,000 |
| Plymouth County Massachusetts | 4 | $ 667,000 | $ 166,000 | $ 147,000 |
| Burlington County New Jersey | 4 | $ 872,000 | $ 218,000 | $ 74,000 |
| Warren County Ohio | 4 | $ 956,000 | $ 239,000 | $ 153,000 |
| Philadelphia County Pennsylvania | 4 | $ 922,000 | $ 230,000 | $ 93,000 |
| Barnstable County Massachusetts | 3 | $ 687,000 | $ 229,000 | $ 182,000 |
| Norfolk County Massachusetts | 3 | $ 703,000 | $ 234,000 | $ 185,000 |
| Richmond County New York | 3 | $ 315,000 | $ 105,000 | $ 88,000 |
| Butler County Ohio | 3 | $ 544,000 | $ 181,000 | $ 161,000 |
| Delaware County Pennsylvania | 3 | $ 789,000 | $ 263,000 | $ 235,000 |
| Los Angeles County California | 2 | $ 1,205,000 | $ 602,000 | $ 210,000 |
| New Castle County Delaware | 2 | $ 324,000 | $ 162,000 | $ 135,000 |
| Lee County Florida | 2 | $ 349,000 | $ 174,000 | $ 123,000 |
| Miami-Dade County Florida | 2 | $ 469,000 | $ 234,000 | $ 117,000 |
| Seminole County Florida | 2 | $ 322,000 | $ 161,000 | $ 135,000 |
| Forsyth County Georgia | 2 | $ 278,000 | $ 139,000 | $ 42,000 |
| Fulton County Georgia | 2 | $ 268,000 | $ 134,000 | $ 145,000 |
| Bergen County New Jersey | 2 | $ 677,000 | $ 338,000 | $ 199,000 |
| Camden County New Jersey | 2 | $ 180,000 | $ 90,000 | $ 92,000 |
| Valencia County New Mexico | 2 | $ 281,000 | $ 140,000 | $ 127,000 |
| Queens County New York | 2 | $ 650,000 | $ 325,000 | $ 116,000 |
| Cumberland County Pennsylvania | 2 | $ 365,000 | $ 182,000 | $ 84,000 |
| Lancaster County Pennsylvania | 2 | $ 262,000 | $ 131,000 | $ 85,000 |
| Alameda County California | 1 | $ 144,000 | $ 144,000 | $ 58,000 |
| Orange County California | 1 | $ 640,000 | $ 640,000 | $ 192,000 |
| San Bernardino County California | 1 | $ 25,000 | $ 25,000 | $ 44,000 |
| Collier County Florida | 1 | $ 306,000 | $ 306,000 | $ 219,000 |
| Duval County Florida | 1 | $ 160,000 | $ 160,000 | $ 307,000 |
| Hillsborough County Florida | 1 | $ 120,000 | $ 120,000 | $ 173,000 |
| Orange County Florida | 1 | $ 56,000 | $ 56,000 | $ 36,000 |
| Palm Beach County Florida | 1 | $ 233,000 | $ 233,000 | $ 122,000 |
| Pinellas County Florida | 1 | $ 240,000 | $ 240,000 | $ 252,000 |
| Santa Rosa County Florida | 1 | $ 187,000 | $ 187,000 | $ 80,000 |
| Sarasota County Florida | 1 | $ 234,000 | $ 234,000 | $ 94,000 |
| Volusia County Florida | 1 | $ 43,000 | $ 43,000 | $ 29,000 |
| Gwinnett County Georgia | 1 | $ 198,000 | $ 198,000 | $ 120,000 |
| Hall County Georgia | 1 | $ 92,000 | $ 92,000 | $ 202,000 |
| Will County Illinois | 1 | $ 339,000 | $ 339,000 | $ 151,000 |
| Williamson County Illinois | 1 | $ 172,000 | $ 172,000 | $ 69,000 |
| Allen County Indiana | 1 | $ 125,000 | $ 125,000 | $ 99,000 |
| Boone County Indiana | 1 | $ 340,000 | $ 340,000 | $ 51,000 |
| Marion County Indiana | 1 | $ 100,000 | $ 100,000 | $ 153,000 |
| St. Joseph County Indiana | 1 | $ 140,000 | $ 140,000 | $ 191,000 |
| Campbell County Kentucky | 1 | $ 228,000 | $ 228,000 | $ 145,000 |
| Nelson County Kentucky | 1 | $ 163,000 | $ 163,000 | $ 76,000 |
| Anne Arundel County Maryland | 1 | $ 325,000 | $ 325,000 | $ 107,000 |
| Cecil County Maryland | 1 | $ 70,000 | $ 70,000 | $ 208,000 |
| Middlesex County Massachusetts | 1 | $ 270,000 | $ 270,000 | $ 300,000 |
| Suffolk County Massachusetts | 1 | $ 229,000 | $ 229,000 | $ 169,000 |
| Cheshire County New Hampshire | 1 | $ 60,000 | $ 60,000 | $ 40,000 |
| Hillsborough County New Hampshire | 1 | $ 240,000 | $ 240,000 | $ 84,000 |
| Cape May County New Jersey | 1 | $ 382,000 | $ 382,000 | $ 358,000 |
| Passaic County New Jersey | 1 | $ 300,000 | $ 300,000 | $ 90,000 |
| Sussex County New Jersey | 1 | $ 77,000 | $ 77,000 | $ 78,000 |
| New York County New York | 1 | $ 298,000 | $ 298,000 | $ 220,000 |
| Rockland County New York | 1 | $ 225,000 | $ 225,000 | $ 108,000 |
| Alexander County North Carolina | 1 | $ 452,000 | $ 452,000 | $ 172,000 |
| Brunswick County North Carolina | 1 | $ 30,000 | $ 30,000 | $ 201,000 |
| Cherokee County North Carolina | 1 | $ 60,000 | $ 60,000 | $ 224,000 |
| Lincoln County North Carolina | 1 | $ 253,000 | $ 253,000 | $ 96,000 |
| Wake County North Carolina | 1 | $ 684,000 | $ 684,000 | $ 250,000 |
| Cuyahoga County Ohio | 1 | $ 200,000 | $ 200,000 | $ 470,000 |
| Hocking County Ohio | 1 | $ 280,000 | $ 280,000 | $ 199,000 |
| Adams County Pennsylvania | 1 | $ 263,000 | $ 263,000 | $ 150,000 |
| Berks County Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 52,000 |
| Chester County Pennsylvania | 1 | $ 319,000 | $ 319,000 | $ 133,000 |
| Pike County Pennsylvania | 1 | $ 140,000 | $ 140,000 | $ 273,000 |
| Wayne County Pennsylvania | 1 | $ 88,000 | $ 88,000 | $ 116,000 |
| Providence County Rhode Island | 1 | $ 293,000 | $ 293,000 | $ 122,000 |
| Georgetown County South Carolina | 1 | $ 220,000 | $ 220,000 | $ 61,000 |
| Davidson County Tennessee | 1 | $ 90,000 | $ 90,000 | $ 31,000 |
| Hamilton County Tennessee | 1 | $ 373,000 | $ 373,000 | $ 140,000 |
| Tom Green County Texas | 1 | $ 130,000 | $ 130,000 | $ 48,000 |
| Salt Lake County Utah | 1 | $ 20,000 | $ 20,000 | $ 121,000 |
| Bennington County Vermont | 1 | $ 405,000 | $ 405,000 | $ 175,000 |
| Windsor County Vermont | 1 | $ 220,000 | $ 220,000 | $ 95,000 |
| Richmond City County Virginia | 1 | $ 214,000 | $ 214,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Financial Resources Federal Credit Union in 2013
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 | 527 | $120,511,000 | $228,000 | $1,500,000 | $140,000 | $1,000,000 |
| Home Purchase | 103 | $25,917,000 | $251,000 | $975,000 | $116,000 | $569,000 |
| Home Improvement | 35 | $2,380,000 | $68,000 | $364,000 | $118,000 | $307,000 |
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 | 292 | $70,412,000 | $241,000 | $975,000 | $140,000 | $612,000 |
| Not Provided | 233 | $46,283,000 | $198,000 | $1,500,000 | $137,000 | $1,000,000 |
| Black or African American | 56 | $12,830,000 | $229,000 | $640,000 | $108,000 | $294,000 |
| Asian | 47 | $12,241,000 | $260,000 | $584,000 | $139,000 | $300,000 |
| Hispanic | 34 | $6,474,000 | $190,000 | $465,000 | $116,000 | $526,000 |
| American Indian or Alaskan Native | 3 | $568,000 | $189,000 | $268,000 | $154,000 | $175,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 645 | $144,059,000 | $223,000 | $1,500,000 | $137,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) | 19 | $4,606,000 | $242,000 | $475,000 | $76,000 | $154,000 |
| VA-guaranteed (Veterans Administration) | 1 | $143,000 | $143,000 | $143,000 | $50,000 | $50,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 295 | $66,248,000 | $224,000 | $1,500,000 | $136,000 | $526,000 |
| File Closed For Incompleteness | 158 | $37,237,000 | $235,000 | $992,000 | $149,000 | $700,000 |
| Application Withdrawn By Applicant | 110 | $24,238,000 | $220,000 | $992,000 | $149,000 | $1,000,000 |
| Application Denied By Financial Institution | 101 | $20,827,000 | $206,000 | $625,000 | $96,000 | $307,000 |
| Application Approved But Not Accepted | 1 | $258,000 | $258,000 | $258,000 | $69,000 | $69,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 51 | $11,269,000 | $220,000 | $613,000 | $92,000 | $228,000 |
| Debt-To-Income Ratio | 16 | $2,388,000 | $149,000 | $282,000 | $74,000 | $136,000 |
| Collateral | 13 | $2,673,000 | $205,000 | $625,000 | $155,000 | $307,000 |
| Other | 9 | $1,444,000 | $160,000 | $336,000 | $69,000 | $132,000 |
| Employment History | 3 | $565,000 | $188,000 | $368,000 | $54,000 | $76,000 |
| Unverifiable Information | 1 | $120,000 | $120,000 | $120,000 | $173,000 | $173,000 |
| Credit Application Incomplete | 1 | $305,000 | $305,000 | $305,000 | $26,000 | $26,000 |
| Mortgage Insurance Denied | 1 | $380,000 | $380,000 | $380,000 | $119,000 | $119,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Financial Resources Federal Credit Union's 2013 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 Financial Resources Federal Credit Union'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 New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.