Financial Resources Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2021
Financial Resources Federal Credit Union 2021 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 | 281 |
| Total Mortgage Loan Application Amount | $80,085,000 |
| Average Mortgage Loan Application Amount | $239,500 |
| Highest Mortgage Loan Application Amount | $1,275,000 |
| Average Applicant Income | $152,166 |
| Highest Applicant Income | $1,920,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2021 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 2021 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 2021.
| 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 | 49 | $ 15,785,000 | $ 322,000 | $ 162,000 |
| Middlesex County New Jersey | 36 | $ 6,780,000 | $ 188,000 | $ 136,000 |
| Hunterdon County New Jersey | 32 | $ 8,650,000 | $ 270,000 | $ 164,000 |
| Union County New Jersey | 12 | $ 3,230,000 | $ 269,000 | $ 165,000 |
| Bergen County New Jersey | 11 | $ 7,045,000 | $ 640,000 | $ 234,000 |
| Mercer County New Jersey | 11 | $ 2,555,000 | $ 232,000 | $ 154,000 |
| Morris County New Jersey | 9 | $ 3,885,000 | $ 431,000 | $ 160,000 |
| Northampton County Pennsylvania | 9 | $ 1,405,000 | $ 156,000 | $ 92,000 |
| Essex County New Jersey | 8 | $ 2,940,000 | $ 367,000 | $ 184,000 |
| Bucks County Pennsylvania | 8 | $ 3,920,000 | $ 490,000 | $ 250,000 |
| Monmouth County New Jersey | 6 | $ 2,210,000 | $ 368,000 | $ 165,000 |
| Ocean County New Jersey | 5 | $ 1,095,000 | $ 219,000 | $ 125,000 |
| Montgomery County Pennsylvania | 5 | $ 1,245,000 | $ 249,000 | $ 100,000 |
| Burlington County New Jersey | 4 | $ 820,000 | $ 205,000 | $ 73,000 |
| Broward County Florida | 3 | $ 1,015,000 | $ 338,000 | $ 458,000 |
| Camden County New Jersey | 3 | $ 565,000 | $ 188,000 | $ 251,000 |
| Warren County New Jersey | 3 | $ 935,000 | $ 311,000 | $ 74,000 |
| Flagler County Florida | 2 | $ 280,000 | $ 140,000 | $ 302,000 |
| Cape May County New Jersey | 2 | $ 280,000 | $ 140,000 | $ 259,000 |
| Chester County Pennsylvania | 2 | $ 970,000 | $ 485,000 | $ 326,000 |
| Lancaster County Pennsylvania | 2 | $ 520,000 | $ 260,000 | $ 177,000 |
| Mobile County Alabama | 1 | $ 25,000 | $ 25,000 | $ 18,000 |
| Los Angeles County California | 1 | $ 545,000 | $ 545,000 | $ 94,000 |
| San Diego County California | 1 | $ 125,000 | $ 125,000 | $ 220,000 |
| Fairfield County Connecticut | 1 | $ 185,000 | $ 185,000 | $ 106,000 |
| Litchfield County Connecticut | 1 | $ 235,000 | $ 235,000 | $ 191,000 |
| Kent County Delaware | 1 | $ 25,000 | $ 25,000 | $ 64,000 |
| Indian River County Florida | 1 | $ 105,000 | $ 105,000 | $ 275,000 |
| Lee County Florida | 1 | $ 115,000 | $ 115,000 | $ 65,000 |
| Palm Beach County Florida | 1 | $ 185,000 | $ 185,000 | $ 175,000 |
| Pasco County Florida | 1 | $ 235,000 | $ 235,000 | $ 122,000 |
| Chatham County Georgia | 1 | $ 335,000 | $ 335,000 | $ 203,000 |
| Cobb County Georgia | 1 | $ 445,000 | $ 445,000 | $ 163,000 |
| DeKalb County Georgia | 1 | $ 145,000 | $ 145,000 | $ 61,000 |
| Rockdale County Georgia | 1 | $ 295,000 | $ 295,000 | $ 84,000 |
| Kane County Illinois | 1 | $ 775,000 | $ 775,000 | $ 350,000 |
| Baltimore County Maryland | 1 | $ 105,000 | $ 105,000 | $ 138,000 |
| Montgomery County Maryland | 1 | $ 1,275,000 | $ 1,275,000 | $ 370,000 |
| Bristol County Massachusetts | 1 | $ 305,000 | $ 305,000 | $ 175,000 |
| Norfolk County Massachusetts | 1 | $ 385,000 | $ 385,000 | $ 220,000 |
| Plymouth County Massachusetts | 1 | $ 55,000 | $ 55,000 | $ 47,000 |
| Clark County Nevada | 1 | $ 265,000 | $ 265,000 | $ 95,000 |
| Merrimack County New Hampshire | 1 | $ 215,000 | $ 215,000 | $ 142,000 |
| Atlantic County New Jersey | 1 | $ 345,000 | $ 345,000 | $ 88,000 |
| Cumberland County New Jersey | 1 | $ 145,000 | $ 145,000 | $ 46,000 |
| Gloucester County New Jersey | 1 | $ 245,000 | $ 245,000 | $ 131,000 |
| Hudson County New Jersey | 1 | $ 255,000 | $ 255,000 | $ 152,000 |
| Passaic County New Jersey | 1 | $ 175,000 | $ 175,000 | $ 60,000 |
| Sussex County New Jersey | 1 | $ 135,000 | $ 135,000 | $ 90,000 |
| Bernalillo County New Mexico | 1 | $ 25,000 | $ 25,000 | $ 90,000 |
| Kings County New York | 1 | $ 875,000 | $ 875,000 | $ 445,000 |
| Queens County New York | 1 | $ 255,000 | $ 255,000 | $ 42,000 |
| Richmond County New York | 1 | $ 145,000 | $ 145,000 | $ 97,000 |
| Suffolk County New York | 1 | $ 835,000 | $ 835,000 | $ 400,000 |
| Westchester County New York | 1 | $ 205,000 | $ 205,000 | $ 93,000 |
| Clermont County Ohio | 1 | $ 155,000 | $ 155,000 | $ 154,000 |
| Hamilton County Ohio | 1 | $ 205,000 | $ 205,000 | $ 74,000 |
| Berks County Pennsylvania | 1 | $ 185,000 | $ 185,000 | $ 45,000 |
| Cumberland County Pennsylvania | 1 | $ 805,000 | $ 805,000 | $ 270,000 |
| Lehigh County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 82,000 |
| Philadelphia County Pennsylvania | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Spartanburg County South Carolina | 1 | $ 15,000 | $ 15,000 | $ 168,000 |
| Harris County Texas | 1 | $ 65,000 | $ 65,000 | $ 114,000 |
| Virginia Beach County Virginia | 1 | $ 195,000 | $ 195,000 | $ 75,000 |
| King County Washington | 1 | $ 205,000 | $ 205,000 | $ 220,000 |
Mortgage Loan Application Detail Totals for Financial Resources Federal Credit Union in 2021
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 | 139 | $43,415,000 | $312,000 | $1,275,000 | $163,000 | $1,006,000 |
| Home Purchase | 47 | $19,395,000 | $412,000 | $1,005,000 | $188,000 | $616,000 |
| Other Purpose | 40 | $3,950,000 | $98,000 | $355,000 | $114,000 | $259,000 |
| Cash-out Refinancing | 28 | $10,720,000 | $382,000 | $1,105,000 | $160,000 | $494,000 |
| Home Improvement | 23 | $2,025,000 | $88,000 | $545,000 | $252,000 | $1,920,000 |
| Not Applicable | 4 | $580,000 | $145,000 | $305,000 | $36,000 | $36,000 |
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 | 155 | $47,525,000 | $306,000 | $1,275,000 | $165,000 | $1,006,000 |
| Not Provided | 44 | $10,400,000 | $236,000 | $635,000 | $213,000 | $1,920,000 |
| Black or African American | 39 | $9,615,000 | $246,000 | $835,000 | $129,000 | $417,000 |
| Hispanic | 24 | $6,280,000 | $261,000 | $805,000 | $169,000 | $516,000 |
| Asian | 12 | $3,640,000 | $303,000 | $725,000 | $167,000 | $500,000 |
| American Indian or Alaskan Native | 1 | $185,000 | $185,000 | $185,000 | $128,000 | $128,000 |
| 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) | 281 | $80,085,000 | $285,000 | $1,275,000 | $168,000 | $1,920,000 |
| 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 | 206 | $67,080,000 | $325,000 | $1,275,000 | $173,000 | $1,006,000 |
| Application Withdrawn By Applicant | 41 | $8,535,000 | $208,000 | $715,000 | $194,000 | $1,920,000 |
| Application Denied By Financial Institution | 19 | $2,165,000 | $113,000 | $395,000 | $100,000 | $301,000 |
| File Closed For Incompleteness | 15 | $2,305,000 | $153,000 | $355,000 | $99,000 | $187,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 262 | $77,920,000 | $297,000 | $1,275,000 | $174,000 | $1,920,000 |
| Credit History | 10 | $910,000 | $91,000 | $255,000 | $129,000 | $301,000 |
| Debt-To-Income Ratio | 5 | $695,000 | $139,000 | $395,000 | $64,000 | $139,000 |
| Collateral | 2 | $230,000 | $115,000 | $165,000 | $74,000 | $80,000 |
| Other | 1 | $225,000 | $225,000 | $225,000 | $82,000 | $82,000 |
| Employment History | 1 | $105,000 | $105,000 | $105,000 | $65,000 | $65,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Financial Resources Federal Credit Union's 2021 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.