Financial Resources Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2018
Financial Resources Federal Credit Union 2018 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 | 320 |
| Total Mortgage Loan Application Amount | $67,850,000 |
| Average Mortgage Loan Application Amount | $193,600 |
| Highest Mortgage Loan Application Amount | $1,605,000 |
| Average Applicant Income | $143,600 |
| Highest Applicant Income | $607,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2018 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 2018 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 2018.
| 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 | 75 | $ 12,795,000 | $ 170,000 | $ 134,000 |
| Middlesex County New Jersey | 46 | $ 11,160,000 | $ 242,000 | $ 129,000 |
| Hunterdon County New Jersey | 31 | $ 4,985,000 | $ 160,000 | $ 160,000 |
| Bucks County Pennsylvania | 16 | $ 3,900,000 | $ 243,000 | $ 188,000 |
| Union County New Jersey | 12 | $ 3,000,000 | $ 250,000 | $ 153,000 |
| Montgomery County Pennsylvania | 12 | $ 1,980,000 | $ 165,000 | $ 157,000 |
| Ocean County New Jersey | 11 | $ 1,575,000 | $ 143,000 | $ 126,000 |
| Monmouth County New Jersey | 10 | $ 3,170,000 | $ 317,000 | $ 163,000 |
| Mercer County New Jersey | 9 | $ 2,495,000 | $ 277,000 | $ 158,000 |
| Essex County New Jersey | 8 | $ 2,580,000 | $ 322,000 | $ 160,000 |
| Bergen County New Jersey | 7 | $ 3,765,000 | $ 537,000 | $ 244,000 |
| Morris County New Jersey | 4 | $ 1,630,000 | $ 407,000 | $ 166,000 |
| Northampton County Pennsylvania | 4 | $ 290,000 | $ 72,000 | $ 124,000 |
| Hudson County New Jersey | 3 | $ 615,000 | $ 205,000 | $ 54,000 |
| Warren County New Jersey | 3 | $ 435,000 | $ 145,000 | $ 155,000 |
| Lehigh County Pennsylvania | 3 | $ 265,000 | $ 88,000 | $ 141,000 |
| Washington County Arkansas | 2 | $ 550,000 | $ 275,000 | $ 131,000 |
| Leon County Florida | 2 | $ 130,000 | $ 65,000 | $ 36,000 |
| Forsyth County Georgia | 2 | $ 940,000 | $ 470,000 | $ 160,000 |
| Cook County Illinois | 2 | $ 100,000 | $ 50,000 | $ 129,000 |
| Johnson County Kansas | 2 | $ 290,000 | $ 145,000 | $ 136,000 |
| Burlington County New Jersey | 2 | $ 610,000 | $ 305,000 | $ 162,000 |
| Camden County New Jersey | 2 | $ 70,000 | $ 35,000 | $ 59,000 |
| Cape May County New Jersey | 2 | $ 130,000 | $ 65,000 | $ 117,000 |
| Philadelphia County Pennsylvania | 2 | $ 920,000 | $ 460,000 | $ 148,000 |
| Wayne County Pennsylvania | 2 | $ 320,000 | $ 160,000 | $ 159,000 |
| Baldwin County Alabama | 1 | $ 75,000 | $ 75,000 | $ 23,000 |
| Alameda County California | 1 | $ 545,000 | $ 545,000 | $ 88,000 |
| Orange County California | 1 | $ 715,000 | $ 715,000 | $ 195,000 |
| Riverside County California | 1 | $ 185,000 | $ 185,000 | $ 240,000 |
| New Castle County Delaware | 1 | $ 305,000 | $ 305,000 | $ 129,000 |
| District of Columbia County District Of Columbia | 1 | $ 505,000 | $ 505,000 | $ 126,000 |
| Broward County Florida | 1 | $ 345,000 | $ 345,000 | $ 176,000 |
| Lake County Florida | 1 | $ 25,000 | $ 25,000 | $ 101,000 |
| Manatee County Florida | 1 | $ 215,000 | $ 215,000 | $ 149,000 |
| Miami-Dade County Florida | 1 | $ 475,000 | $ 475,000 | $ 227,000 |
| Seminole County Florida | 1 | $ 45,000 | $ 45,000 | $ 305,000 |
| Gwinnett County Georgia | 1 | $ 125,000 | $ 125,000 | $ 98,000 |
| Paulding County Georgia | 1 | $ 25,000 | $ 25,000 | $ 68,000 |
| Lake County Illinois | 1 | $ 25,000 | $ 25,000 | $ 133,000 |
| Cecil County Maryland | 1 | $ 55,000 | $ 55,000 | $ 176,000 |
| Worcester County Maryland | 1 | $ 155,000 | $ 155,000 | $ 213,000 |
| Norfolk County Massachusetts | 1 | $ 535,000 | $ 535,000 | $ 194,000 |
| Worcester County Massachusetts | 1 | $ 565,000 | $ 565,000 | $ 220,000 |
| Merrimack County New Hampshire | 1 | $ 45,000 | $ 45,000 | $ 128,000 |
| Salem County New Jersey | 1 | $ 15,000 | $ 15,000 | $ 82,000 |
| Sussex County New Jersey | 1 | $ 205,000 | $ 205,000 | $ 77,000 |
| Bernalillo County New Mexico | 1 | $ 105,000 | $ 105,000 | $ 13,000 |
| Bronx County New York | 1 | $ 245,000 | $ 245,000 | $ 119,000 |
| Orange County New York | 1 | $ 305,000 | $ 305,000 | $ 106,000 |
| Mecklenburg County North Carolina | 1 | $ 385,000 | $ 385,000 | $ 225,000 |
| Union County North Carolina | 1 | $ 145,000 | $ 145,000 | $ 30,000 |
| Butler County Ohio | 1 | $ 165,000 | $ 165,000 | $ 181,000 |
| Clermont County Ohio | 1 | $ 45,000 | $ 45,000 | $ 165,000 |
| Hamilton County Ohio | 1 | $ 205,000 | $ 205,000 | $ 77,000 |
| Bedford County Pennsylvania | 1 | $ 45,000 | $ 45,000 | $ 106,000 |
| Berks County Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 63,000 |
| Carbon County Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 73,000 |
| Franklin County Pennsylvania | 1 | $ 195,000 | $ 195,000 | $ 32,000 |
| Monroe County Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 72,000 |
| Pike County Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 196,000 |
| Beaufort County South Carolina | 1 | $ 165,000 | $ 165,000 | $ 305,000 |
| Hampton County Virginia | 1 | $ 75,000 | $ 75,000 | $ 226,000 |
| James City County Virginia | 1 | $ 365,000 | $ 365,000 | $ 175,000 |
| Snohomish County Washington | 1 | $ 575,000 | $ 575,000 | $ 94,000 |
| Spokane County Washington | 1 | $ 25,000 | $ 25,000 | $ 160,000 |
| Waukesha County Wisconsin | 1 | $ 315,000 | $ 315,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for Financial Resources Federal Credit Union in 2018
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 | 106 | $35,130,000 | $331,000 | $795,000 | $155,000 | $425,000 |
| Refinancing | 77 | $16,815,000 | $218,000 | $1,605,000 | $138,000 | $398,000 |
| Other Purpose | 54 | $2,740,000 | $50,000 | $215,000 | $149,000 | $607,000 |
| Home Improvement | 50 | $2,850,000 | $57,000 | $155,000 | $145,000 | $320,000 |
| Cash-out Refinancing | 33 | $10,315,000 | $312,000 | $785,000 | $131,000 | $299,000 |
| 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 | 180 | $31,750,000 | $176,000 | $785,000 | $147,000 | $356,000 |
| Not Provided | 61 | $16,525,000 | $270,000 | $795,000 | $166,000 | $607,000 |
| Black or African American | 28 | $4,350,000 | $155,000 | $505,000 | $113,000 | $245,000 |
| Asian | 22 | $7,970,000 | $362,000 | $1,605,000 | $158,000 | $398,000 |
| Hispanic | 14 | $2,400,000 | $171,000 | $615,000 | $104,000 | $197,000 |
| Not applicable | 2 | $110,000 | $55,000 | $95,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 320 | $67,850,000 | $212,000 | $1,605,000 | $146,000 | $607,000 |
| 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 | 219 | $51,935,000 | $237,000 | $1,605,000 | $154,000 | $425,000 |
| Application Denied By Financial Institution | 43 | $3,965,000 | $92,000 | $495,000 | $96,000 | $309,000 |
| Application Withdrawn By Applicant | 34 | $6,210,000 | $182,000 | $505,000 | $143,000 | $607,000 |
| File Closed For Incompleteness | 18 | $3,570,000 | $198,000 | $575,000 | $156,000 | $285,000 |
| Application Approved But Not Accepted | 6 | $2,170,000 | $361,000 | $675,000 | $145,000 | $169,000 |
| 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 | 277 | $63,885,000 | $230,000 | $1,605,000 | $153,000 | $607,000 |
| Other | 25 | $2,005,000 | $80,000 | $495,000 | $99,000 | $309,000 |
| Collateral | 6 | $510,000 | $85,000 | $305,000 | $127,000 | $242,000 |
| Credit History | 6 | $360,000 | $60,000 | $125,000 | $95,000 | $148,000 |
| Debt-To-Income Ratio | 3 | $635,000 | $211,000 | $275,000 | $43,000 | $55,000 |
| Employment History | 2 | $100,000 | $50,000 | $55,000 | $32,000 | $37,000 |
| Mortgage Insurance Denied | 1 | $355,000 | $355,000 | $355,000 | $137,000 | $137,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Financial Resources Federal Credit Union's 2018 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.