First Choice Bank Mortgage Lending & HMDA Data, 2014
In 2014, First Choice Bank of Lawrenceville, NJ reported 1,139 mortgage applications totaling $433.4 million, down 15% from 2013. The average application was for $380,512, and applicants reported an average income of $130,520. 69% of its applications resulted in an originated loan and 3% were denied. Its largest markets were San Diego-Carlsbad, CA (198), Riverside-San Bernardino-Ontario, CA (183) and Los Angeles-Long Beach-Glendale, CA (179) (applications in parentheses).
| Mortgage Company & Address | First Choice Bank 669 Whitehead Road Lawrenceville, NJ 08648 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 1,139 |
| Total Mortgage Loan Application Amount | $433,404,000 |
| Average Mortgage Loan Application Amount | $380,512 |
| Highest Mortgage Loan Application Amount | $5,200,000 |
| Average Applicant Income | $130,520 |
| Highest Applicant Income | $1,567,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Choice Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Diego, California | 198 | $ 77,557,000 | $ 391,702 | $ 136,000 |
| Los Angeles, California | 179 | $ 68,082,000 | $ 380,346 | $ 136,000 |
| Riverside, California | 93 | $ 24,075,000 | $ 258,870 | $ 97,000 |
| San Bernardino, California | 90 | $ 24,963,000 | $ 277,366 | $ 114,000 |
| Orange, California | 86 | $ 37,137,000 | $ 431,825 | $ 136,000 |
| Sacramento, California | 40 | $ 11,407,000 | $ 285,175 | $ 107,000 |
| Alameda, California | 37 | $ 14,394,000 | $ 389,027 | $ 127,000 |
| Santa Clara, California | 36 | $ 17,281,000 | $ 480,027 | $ 156,000 |
| Contra Costa, California | 28 | $ 13,315,000 | $ 475,535 | $ 170,000 |
| San Joaquin, California | 19 | $ 4,997,000 | $ 263,000 | $ 102,000 |
| Solano, California | 17 | $ 4,196,000 | $ 246,823 | $ 105,000 |
| Mercer, New Jersey | 17 | $ 3,811,000 | $ 224,176 | $ 72,000 |
| San Mateo, California | 15 | $ 6,318,000 | $ 421,200 | $ 138,000 |
| Ventura, California | 15 | $ 5,914,000 | $ 394,266 | $ 157,000 |
| San Francisco, California | 14 | $ 5,734,000 | $ 409,571 | $ 117,000 |
| New York, New York | 14 | $ 28,662,000 | $ 2,047,285 | $ 510,000 |
| Butte, California | 12 | $ 3,283,000 | $ 273,583 | $ 76,000 |
| Santa Barbara, California | 11 | $ 4,041,000 | $ 367,363 | $ 107,000 |
| Fresno, California | 10 | $ 2,460,000 | $ 246,000 | $ 130,000 |
| Kern, California | 10 | $ 2,375,000 | $ 237,500 | $ 110,000 |
| Monterey, California | 10 | $ 3,511,000 | $ 351,100 | $ 144,000 |
| San Luis Obispo, California | 9 | $ 3,703,000 | $ 411,444 | $ 148,000 |
| Clark, Nevada | 9 | $ 914,000 | $ 101,555 | $ 163,000 |
| El Dorado, California | 8 | $ 2,759,000 | $ 344,875 | $ 104,000 |
| Suffolk, New York | 8 | $ 6,760,000 | $ 845,000 | $ 224,000 |
| Sonoma, California | 7 | $ 2,461,000 | $ 351,571 | $ 135,000 |
| Humboldt, California | 6 | $ 1,432,000 | $ 238,666 | $ 64,000 |
| Madera, California | 6 | $ 1,163,000 | $ 193,833 | $ 85,000 |
| Marin, California | 6 | $ 2,871,000 | $ 478,500 | $ 131,000 |
| Placer, California | 6 | $ 1,693,000 | $ 282,166 | $ 76,000 |
| Santa Cruz, California | 6 | $ 2,967,000 | $ 494,500 | $ 134,000 |
| Stanislaus, California | 6 | $ 1,552,000 | $ 258,666 | $ 145,000 |
| Yolo, California | 6 | $ 2,097,000 | $ 349,500 | $ 108,000 |
| Philadelphia, Pennsylvania | 6 | $ 6,175,000 | $ 1,029,166 | $ 81,000 |
| Del Norte, California | 5 | $ 871,000 | $ 174,200 | $ 56,000 |
| Burlington, New Jersey | 5 | $ 2,397,000 | $ 479,400 | $ 178,000 |
| Monmouth, New Jersey | 5 | $ 3,932,000 | $ 786,400 | $ 88,000 |
| Mendocino, California | 4 | $ 1,141,000 | $ 285,250 | $ 96,000 |
| Middlesex, New Jersey | 4 | $ 1,264,000 | $ 316,000 | $ 97,000 |
| Mariposa, California | 3 | $ 475,000 | $ 158,333 | $ 48,000 |
| Napa, California | 3 | $ 1,267,000 | $ 422,333 | $ 136,000 |
| Shasta, California | 3 | $ 575,000 | $ 191,666 | $ 88,000 |
| Cook, Illinois | 3 | $ 439,000 | $ 146,333 | $ 103,000 |
| Clackamas, Oregon | 3 | $ 627,000 | $ 209,000 | $ 81,000 |
| Multnomah, Oregon | 3 | $ 822,000 | $ 274,000 | $ 107,000 |
| Maricopa, Arizona | 2 | $ 349,000 | $ 174,500 | $ 42,000 |
| Kings, California | 2 | $ 432,000 | $ 216,000 | $ 109,000 |
| Merced, California | 2 | $ 363,000 | $ 181,500 | $ 64,000 |
| San Benito, California | 2 | $ 834,000 | $ 417,000 | $ 110,000 |
| Sutter, California | 2 | $ 340,000 | $ 170,000 | $ 71,000 |
| Pueblo, Colorado | 2 | $ 203,000 | $ 101,500 | $ 98,000 |
| Fairfield, Connecticut | 2 | $ 6,500,000 | $ 3,250,000 | $ 176,000 |
| Cape May, New Jersey | 2 | $ 335,000 | $ 167,500 | $ 163,000 |
| Salem, New Jersey | 2 | $ 275,000 | $ 137,500 | $ 0 |
| Curry, New Mexico | 2 | $ 363,000 | $ 181,500 | $ 111,000 |
| Monroe, Pennsylvania | 2 | $ 1,610,000 | $ 805,000 | $ 918,000 |
| Montgomery, Pennsylvania | 2 | $ 1,066,000 | $ 533,000 | $ 69,000 |
| Cameron, Texas | 2 | $ 403,000 | $ 201,500 | $ 56,000 |
| Fort Bend, Texas | 2 | $ 1,000,000 | $ 500,000 | $ 294,000 |
| Tarrant, Texas | 2 | $ 130,000 | $ 65,000 | $ 34,000 |
| Mohave, Arizona | 1 | $ 172,000 | $ 172,000 | $ 245,000 |
| Amador, California | 1 | $ 162,000 | $ 162,000 | $ 46,000 |
| Calaveras, California | 1 | $ 210,000 | $ 210,000 | $ 108,000 |
| Imperial, California | 1 | $ 238,000 | $ 238,000 | $ 97,000 |
| Lake, California | 1 | $ 198,000 | $ 198,000 | $ 65,000 |
| Lassen, California | 1 | $ 104,000 | $ 104,000 | $ 87,000 |
| Tulare, California | 1 | $ 206,000 | $ 206,000 | $ 91,000 |
| Arapahoe, Colorado | 1 | $ 122,000 | $ 122,000 | $ 72,000 |
| Mesa, Colorado | 1 | $ 261,000 | $ 261,000 | $ 80,000 |
| Fulton, Georgia | 1 | $ 47,000 | $ 47,000 | $ 109,000 |
| DuPage, Illinois | 1 | $ 152,000 | $ 152,000 | $ 103,000 |
| Wayne, Michigan | 1 | $ 41,000 | $ 41,000 | $ 375,000 |
| Jackson, Mississippi | 1 | $ 150,000 | $ 150,000 | $ 109,000 |
| St. Louis, Missouri | 1 | $ 155,000 | $ 155,000 | $ 94,000 |
| Washoe, Nevada | 1 | $ 221,000 | $ 221,000 | $ 119,000 |
| Union, New Jersey | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Eddy, New Mexico | 1 | $ 69,000 | $ 69,000 | $ 118,000 |
| Stark, Ohio | 1 | $ 109,000 | $ 109,000 | $ 103,000 |
| Rogers, Oklahoma | 1 | $ 194,000 | $ 194,000 | $ 75,000 |
| Baker, Oregon | 1 | $ 270,000 | $ 270,000 | $ 142,000 |
| Jackson, Oregon | 1 | $ 352,000 | $ 352,000 | $ 120,000 |
| Marion, Oregon | 1 | $ 173,000 | $ 173,000 | $ 47,000 |
| Washington, Oregon | 1 | $ 360,000 | $ 360,000 | $ 168,000 |
| Bucks, Pennsylvania | 1 | $ 210,000 | $ 210,000 | $ 61,000 |
| Harris, Texas | 1 | $ 120,000 | $ 120,000 | $ 66,000 |
| Travis, Texas | 1 | $ 280,000 | $ 280,000 | $ 86,000 |
| Davis, Utah | 1 | $ 199,000 | $ 199,000 | $ 45,000 |
| Clark, Washington | 1 | $ 191,000 | $ 191,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for First Choice Bank in 2014
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 | 716 | $273,248,000 | $381,000 | $5,200,000 | $132,000 | $1,567,000 |
| Home Purchase | 391 | $146,276,000 | $374,000 | $2,400,000 | $129,000 | $961,000 |
| Home Improvement | 32 | $13,880,000 | $433,000 | $5,200,000 | $116,000 | $1,064,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 523 | $187,881,000 | $359,000 | $1,500,000 | $130,000 | $559,000 |
| White | 382 | $163,911,000 | $429,000 | $5,200,000 | $150,000 | $1,567,000 |
| Hispanic | 101 | $28,710,000 | $284,000 | $1,085,000 | $100,000 | $375,000 |
| Asian | 65 | $22,288,000 | $342,000 | $993,000 | $136,000 | $359,000 |
| Black or African American | 22 | $7,130,000 | $324,000 | $875,000 | $109,000 | $200,000 |
| Not applicable | 21 | $16,476,000 | $784,000 | $3,250,000 | $0 | $0 |
| American Indian or Alaskan Native | 15 | $3,433,000 | $228,000 | $620,000 | $71,000 | $199,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $3,575,000 | $357,000 | $616,000 | $113,000 | $199,000 |
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) | 932 | $360,416,000 | $386,000 | $5,200,000 | $138,000 | $1,567,000 |
| VA-guaranteed (Veterans Administration) | 112 | $43,025,000 | $384,000 | $1,114,000 | $100,000 | $292,000 |
| FHA-insured (Federal Housing Administration) | 92 | $29,571,000 | $321,000 | $742,000 | $92,000 | $245,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $392,000 | $130,000 | $153,000 | $40,000 | $44,000 |
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 | 787 | $275,298,000 | $349,000 | $3,850,000 | $125,000 | $1,567,000 |
| Application Withdrawn By Applicant | 220 | $82,385,000 | $374,000 | $2,300,000 | $136,000 | $635,000 |
| Application Approved But Not Accepted | 61 | $27,171,000 | $445,000 | $3,250,000 | $151,000 | $473,000 |
| File Closed For Incompleteness | 37 | $19,143,000 | $517,000 | $3,250,000 | $165,000 | $876,000 |
| Application Denied By Financial Institution | 34 | $29,407,000 | $864,000 | $5,200,000 | $146,000 | $1,064,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 13 | $18,558,000 | $1,427,000 | $5,200,000 | $260,000 | $1,064,000 |
| Credit History | 6 | $1,927,000 | $321,000 | $426,000 | $70,000 | $110,000 |
| Collateral | 5 | $3,515,000 | $703,000 | $2,400,000 | $98,000 | $297,000 |
| Other | 3 | $2,271,000 | $757,000 | $1,600,000 | $63,000 | $102,000 |
| Unverifiable Information | 2 | $439,000 | $219,000 | $369,000 | $43,000 | $67,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $533,000 | $533,000 | $533,000 | $148,000 | $148,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Choice Bank's 2014 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 First Choice Bank'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.
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