First Choice Bank Mortgage Lending & HMDA Data, 2009
In 2009, First Choice Bank of Lawrenceville, NJ reported 2,492 mortgage applications totaling $725.0 million, up 31050% from 2008. The average application was for $290,945, and applicants reported an average income of $132,953. 71% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Edison-New Brunswick, NJ (468), New York-White Plains-Wayne, NY-NJ (412) and Newark-Union, NJ-PA (265) (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 | 2,492 |
| Total Mortgage Loan Application Amount | $725,036,000 |
| Average Mortgage Loan Application Amount | $290,945 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $132,953 |
| Highest Applicant Income | $3,811,000 |
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Act (HMDA) records First Choice Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Edison-New Brunswick, NJ | 468 | $ 145,770,000 | $ 311,474 | $ 142,000 |
| New York-White Plains-Wayne, NY-NJ | 412 | $ 157,082,000 | $ 381,266 | $ 154,822 |
| Newark-Union, NJ-PA | 265 | $ 93,882,000 | $ 354,271 | $ 173,366 |
| Trenton-Ewing, NJ | 81 | $ 22,640,000 | $ 279,506 | $ 166,000 |
| Nassau-Suffolk, NY | 71 | $ 23,272,000 | $ 327,774 | $ 132,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 63 | $ 12,244,000 | $ 194,349 | $ 94,000 |
| Philadelphia, PA | 50 | $ 13,437,000 | $ 268,740 | $ 147,000 |
| Chicago-Naperville-Joliet, IL | 48 | $ 11,022,000 | $ 229,625 | $ 96,000 |
| Pittsburgh, PA | 44 | $ 8,877,000 | $ 201,750 | $ 104,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 40 | $ 13,839,000 | $ 345,975 | $ 126,500 |
| Atlanta-Sandy Springs-Marietta, GA | 37 | $ 7,845,000 | $ 212,027 | $ 69,000 |
| Camden, NJ | 36 | $ 8,159,000 | $ 226,638 | $ 117,000 |
| Los Angeles-Long Beach-Glendale, CA | 35 | $ 12,196,000 | $ 348,457 | $ 127,000 |
| Orlando-Kissimmee, FL | 29 | $ 4,908,000 | $ 169,241 | $ 98,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 22 | $ 4,934,000 | $ 224,272 | $ 84,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 21 | $ 5,052,000 | $ 240,571 | $ 91,000 |
| Miami-Miami Beach-Kendall, FL | 20 | $ 5,835,000 | $ 291,750 | $ 185,000 |
| Baltimore-Towson, MD | 19 | $ 5,075,000 | $ 267,105 | $ 114,000 |
| Cambridge-Newton-Framingham, MA | 16 | $ 4,797,000 | $ 299,812 | $ 112,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 16 | $ 4,046,000 | $ 252,875 | $ 88,000 |
| Boston-Quincy, MA | 15 | $ 4,655,000 | $ 310,333 | $ 114,000 |
| Houston-Sugar Land-Baytown, TX | 13 | $ 2,824,000 | $ 217,230 | $ 180,000 |
| Bridgeport-Stamford-Norwalk, CT | 12 | $ 4,584,000 | $ 382,000 | $ 130,000 |
| Phoenix-Mesa-Scottsdale, AZ | 12 | $ 3,171,000 | $ 264,250 | $ 162,000 |
| Lancaster, PA | 11 | $ 2,085,000 | $ 189,545 | $ 88,000 |
| Riverside-San Bernardino-Ontario, CA | 11 | $ 2,425,000 | $ 220,454 | $ 97,000 |
| Albany-Schenectady-Troy, NY | 10 | $ 2,122,000 | $ 212,200 | $ 100,000 |
| Bethesda-Frederick-Rockville, MD | 10 | $ 3,577,000 | $ 357,700 | $ 94,000 |
| San Francisco-San Mateo-Redwood City, CA | 10 | $ 5,717,000 | $ 571,700 | $ 152,000 |
| Charlotte-Gastonia-Concord, NC-SC | 9 | $ 1,717,000 | $ 190,777 | $ 66,333 |
| Lakeland-Winter Haven, FL | 9 | $ 840,000 | $ 93,333 | $ 69,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 9 | $ 2,083,000 | $ 231,444 | $ 89,000 |
| Worcester, MA | 9 | $ 2,141,000 | $ 237,888 | $ 80,000 |
| Cape Coral-Fort Myers, FL | 8 | $ 1,276,000 | $ 159,500 | $ 154,000 |
| Erie, PA | 8 | $ 1,080,000 | $ 135,000 | $ 52,000 |
| Hartford-West Hartford-East Hartford, CT | 8 | $ 1,672,000 | $ 209,000 | $ 90,000 |
| Jacksonville, FL | 8 | $ 1,542,000 | $ 192,750 | $ 84,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 8 | $ 1,728,000 | $ 216,000 | $ 85,500 |
| New Orleans-Metairie-Kenner, LA | 8 | $ 1,859,000 | $ 232,375 | $ 129,000 |
| Ocean City, NJ | 8 | $ 5,857,000 | $ 732,125 | $ 637,000 |
| San Diego-Carlsbad-San Marcos, CA | 8 | $ 2,398,000 | $ 299,750 | $ 115,000 |
| Warren-Troy-Farmington Hills, MI | 8 | $ 1,577,000 | $ 197,125 | $ 152,000 |
| Portland-Vancouver-Beaverton, OR-WA | 7 | $ 1,951,000 | $ 278,714 | $ 94,571 |
| Providence-New Bedford-Fall River, RI-MA | 7 | $ 1,614,000 | $ 230,571 | $ 118,142 |
| Santa Ana-Anaheim-Irvine, CA | 7 | $ 2,741,000 | $ 391,571 | $ 104,000 |
| Seattle-Bellevue-Everett, WA | 7 | $ 1,916,000 | $ 273,714 | $ 95,000 |
| York-Hanover, PA | 7 | $ 885,000 | $ 126,428 | $ 63,000 |
| Austin-Round Rock, TX | 6 | $ 941,000 | $ 156,833 | $ 90,000 |
| Baton Rouge, LA | 6 | $ 1,046,000 | $ 174,333 | $ 57,000 |
| Birmingham-Hoover, AL | 6 | $ 812,000 | $ 135,333 | $ 84,000 |
| Cincinnati-Middletown, OH-KY-IN | 6 | $ 1,194,000 | $ 199,000 | $ 155,000 |
| Cleveland-Elyria-Mentor, OH | 6 | $ 793,000 | $ 132,166 | $ 126,000 |
| Dallas-Plano-Irving, TX | 6 | $ 1,375,000 | $ 229,166 | $ 83,000 |
| Harrisburg-Carlisle, PA | 6 | $ 820,000 | $ 136,666 | $ 51,000 |
| Naples-Marco Island, FL | 6 | $ 1,996,000 | $ 332,666 | $ 178,000 |
| New Haven-Milford, CT | 6 | $ 1,628,000 | $ 271,333 | $ 119,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 6 | $ 2,192,000 | $ 365,333 | $ 120,000 |
| Reno-Sparks, NV | 6 | $ 1,473,000 | $ 245,500 | $ 246,000 |
| St. Louis, MO-IL | 6 | $ 1,074,000 | $ 179,000 | $ 73,666 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 552,000 | $ 92,000 | $ 61,000 |
| Bakersfield, CA | 5 | $ 904,000 | $ 180,800 | $ 80,000 |
| Columbus, OH | 5 | $ 1,094,000 | $ 218,800 | $ 118,000 |
| Oakland-Fremont-Hayward, CA | 5 | $ 1,718,000 | $ 343,600 | $ 94,000 |
| Pascagoula, MS | 5 | $ 829,000 | $ 165,800 | $ 74,000 |
| Raleigh-Cary, NC | 5 | $ 1,650,000 | $ 330,000 | $ 128,000 |
| Richmond, VA | 5 | $ 1,383,000 | $ 276,600 | $ 142,000 |
| Bend, OR | 4 | $ 1,181,000 | $ 295,250 | $ 87,000 |
| Buffalo-Niagara Falls, NY | 4 | $ 429,000 | $ 107,250 | $ 65,000 |
| Charleston-North Charleston-Summerville, SC | 4 | $ 672,000 | $ 168,000 | $ 100,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 725,000 | $ 181,250 | $ 74,000 |
| Denver-Aurora-Broomfield, CO | 4 | $ 794,000 | $ 198,500 | $ 117,000 |
| Durham-Chapel Hill, NC | 4 | $ 1,167,000 | $ 291,750 | $ 192,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 4 | $ 850,000 | $ 212,500 | $ 77,000 |
| Wilmington, DE-MD-NJ | 4 | $ 1,023,000 | $ 255,750 | $ 317,500 |
| Atlantic City-Hammonton, NJ | 3 | $ 905,000 | $ 301,666 | $ 249,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 414,000 | $ 138,000 | $ 53,333 |
| Fort Worth-Arlington, TX | 3 | $ 408,000 | $ 136,000 | $ 87,000 |
| Gadsden, AL | 3 | $ 323,000 | $ 107,666 | $ 54,000 |
| Greensboro-High Point, NC | 3 | $ 548,000 | $ 182,666 | $ 66,000 |
| Jackson, MS | 3 | $ 487,000 | $ 162,333 | $ 38,000 |
| Knoxville, TN | 3 | $ 1,037,000 | $ 345,666 | $ 146,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 461,000 | $ 153,666 | $ 63,000 |
| Las Vegas-Paradise, NV | 3 | $ 728,000 | $ 242,666 | $ 82,000 |
| Manchester-Nashua, NH | 3 | $ 880,000 | $ 293,333 | $ 100,000 |
| Omaha-Council Bluffs, NE-IA | 3 | $ 344,000 | $ 114,666 | $ 58,000 |
| Portland-South Portland-Biddeford, ME | 3 | $ 922,000 | $ 307,333 | $ 199,000 |
| Tulsa, OK | 3 | $ 462,000 | $ 154,000 | $ 92,000 |
| Wilmington, NC | 3 | $ 671,000 | $ 223,666 | $ 72,000 |
| Akron, OH | 2 | $ 236,000 | $ 118,000 | $ 69,000 |
| Albuquerque, NM | 2 | $ 496,000 | $ 248,000 | $ 102,000 |
| Asheville, NC | 2 | $ 380,000 | $ 190,000 | $ 97,000 |
| Barnstable Town, MA | 2 | $ 633,000 | $ 316,500 | $ 330,000 |
| Burlington, NC | 2 | $ 379,000 | $ 189,500 | $ 93,000 |
| Canton-Massillon, OH | 2 | $ 206,000 | $ 103,000 | $ 45,000 |
| Des Moines-West Des Moines, IA | 2 | $ 274,000 | $ 137,000 | $ 53,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 248,000 | $ 124,000 | $ 120,000 |
| Flagstaff, AZ | 2 | $ 562,000 | $ 281,000 | $ 59,000 |
| Fresno, CA | 2 | $ 748,000 | $ 374,000 | $ 87,000 |
| Gary, IN | 2 | $ 274,000 | $ 137,000 | $ 55,000 |
| Harrisonburg, VA | 2 | $ 295,000 | $ 147,500 | $ 42,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 155,000 | $ 77,500 | $ 27,000 |
| Honolulu, HI | 2 | $ 570,000 | $ 285,000 | $ 149,000 |
| Idaho Falls, ID | 2 | $ 530,000 | $ 265,000 | $ 113,000 |
| Indianapolis-Carmel, IN | 2 | $ 216,000 | $ 108,000 | $ 47,000 |
| Kansas City, MO-KS | 2 | $ 725,000 | $ 362,500 | $ 93,500 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 322,000 | $ 161,000 | $ 34,000 |
| Louisville-Jefferson County, KY-IN | 2 | $ 490,000 | $ 245,000 | $ 184,000 |
| Medford, OR | 2 | $ 408,000 | $ 204,000 | $ 54,000 |
| Memphis, TN-MS-AR | 2 | $ 316,000 | $ 158,000 | $ 15,500 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 478,000 | $ 239,000 | $ 103,000 |
| Oklahoma City, OK | 2 | $ 360,000 | $ 180,000 | $ 204,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 368,000 | $ 184,000 | $ 49,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 2 | $ 497,000 | $ 248,500 | $ 103,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 228,000 | $ 114,000 | $ 62,000 |
| Peoria, IL | 2 | $ 455,000 | $ 227,500 | $ 136,000 |
| Port St. Lucie, FL | 2 | $ 301,000 | $ 150,500 | $ 66,000 |
| Provo-Orem, UT | 2 | $ 462,000 | $ 231,000 | $ 84,000 |
| Pueblo, CO | 2 | $ 326,000 | $ 163,000 | $ 89,000 |
| Rockingham County-Strafford County, NH | 2 | $ 416,000 | $ 208,000 | $ 60,000 |
| Santa Rosa-Petaluma, CA | 2 | $ 519,000 | $ 259,500 | $ 164,000 |
| Savannah, GA | 2 | $ 510,000 | $ 255,000 | $ 77,000 |
| Sebastian-Vero Beach, FL | 2 | $ 458,000 | $ 229,000 | $ 337,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 587,000 | $ 293,500 | $ 142,000 |
| Springfield, IL | 2 | $ 299,000 | $ 149,500 | $ 62,000 |
| Springfield, MA | 2 | $ 489,000 | $ 244,500 | $ 99,000 |
| Tacoma, WA | 2 | $ 321,000 | $ 160,500 | $ 67,000 |
| Tallahassee, FL | 2 | $ 352,000 | $ 176,000 | $ 66,000 |
| Tucson, AZ | 2 | $ 956,000 | $ 478,000 | $ 135,000 |
| Tuscaloosa, AL | 2 | $ 307,000 | $ 153,500 | $ 92,000 |
| Winston-Salem, NC | 2 | $ 506,000 | $ 253,000 | $ 114,000 |
| Anchorage, AK | 1 | $ 156,000 | $ 156,000 | $ 66,000 |
| Appleton, WI | 1 | $ 225,000 | $ 225,000 | $ 154,000 |
| Athens-Clarke County, GA | 1 | $ 390,000 | $ 390,000 | $ 96,000 |
| Bellingham, WA | 1 | $ 412,000 | $ 412,000 | $ 70,000 |
| Binghamton, NY | 1 | $ 77,000 | $ 77,000 | $ 45,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 182,000 | $ 182,000 | $ 197,000 |
| Brownsville-Harlingen, TX | 1 | $ 202,000 | $ 202,000 | $ 98,000 |
| Brunswick, GA | 1 | $ 280,000 | $ 280,000 | $ 0 |
| Champaign-Urbana, IL | 1 | $ 127,000 | $ 127,000 | $ 84,000 |
| Colorado Springs, CO | 1 | $ 209,000 | $ 209,000 | $ 45,000 |
| Columbia, SC | 1 | $ 51,000 | $ 51,000 | $ 35,000 |
| Columbus, GA-AL | 1 | $ 161,000 | $ 161,000 | $ 0 |
| Danville, VA | 1 | $ 305,000 | $ 305,000 | $ 38,000 |
| Dayton, OH | 1 | $ 317,000 | $ 317,000 | $ 150,000 |
| Decatur, IL | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| Duluth, MN-WI | 1 | $ 140,000 | $ 140,000 | $ 48,000 |
| El Paso, TX | 1 | $ 91,000 | $ 91,000 | $ 66,000 |
| Flint, MI | 1 | $ 149,000 | $ 149,000 | $ 45,000 |
| Fort Smith, AR-OK | 1 | $ 92,000 | $ 92,000 | $ 40,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 171,000 | $ 171,000 | $ 54,000 |
| Glens Falls, NY | 1 | $ 417,000 | $ 417,000 | $ 141,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 44,000 | $ 44,000 | $ 22,000 |
| Gulfport-Biloxi, MS | 1 | $ 148,000 | $ 148,000 | $ 105,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 193,000 | $ 193,000 | $ 60,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 132,000 | $ 132,000 | $ 97,000 |
| Huntsville, AL | 1 | $ 74,000 | $ 74,000 | $ 75,000 |
| Jacksonville, NC | 1 | $ 329,000 | $ 329,000 | $ 107,000 |
| Kalamazoo-Portage, MI | 1 | $ 144,000 | $ 144,000 | $ 91,000 |
| Kennewick-Pasco-Richland, WA | 1 | $ 107,000 | $ 107,000 | $ 32,000 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 253,000 | $ 253,000 | $ 0 |
| Kingston, NY | 1 | $ 308,000 | $ 308,000 | $ 92,000 |
| La Crosse, WI-MN | 1 | $ 155,000 | $ 155,000 | $ 117,000 |
| Lake Charles, LA | 1 | $ 150,000 | $ 150,000 | $ 126,000 |
| Lebanon, PA | 1 | $ 187,000 | $ 187,000 | $ 68,000 |
| Madison, WI | 1 | $ 240,000 | $ 240,000 | $ 166,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 417,000 | $ 417,000 | $ 139,000 |
| Modesto, CA | 1 | $ 138,000 | $ 138,000 | $ 44,000 |
| Monroe, LA | 1 | $ 202,000 | $ 202,000 | $ 96,000 |
| Monroe, MI | 1 | $ 71,000 | $ 71,000 | $ 28,000 |
| Montgomery, AL | 1 | $ 118,000 | $ 118,000 | $ 44,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 400,000 | $ 400,000 | $ 211,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 108,000 | $ 108,000 | $ 75,000 |
| Ogden-Clearfield, UT | 1 | $ 176,000 | $ 176,000 | $ 104,000 |
| Olympia, WA | 1 | $ 90,000 | $ 90,000 | $ 99,000 |
| Oshkosh-Neenah, WI | 1 | $ 220,000 | $ 220,000 | $ 62,000 |
| Peabody, MA | 1 | $ 311,000 | $ 311,000 | $ 203,000 |
| Prescott, AZ | 1 | $ 417,000 | $ 417,000 | $ 253,000 |
| Rochester, NY | 1 | $ 93,000 | $ 93,000 | $ 50,000 |
| Rocky Mount, NC | 1 | $ 117,000 | $ 117,000 | $ 60,000 |
| Salt Lake City, UT | 1 | $ 132,000 | $ 132,000 | $ 53,000 |
| San Antonio, TX | 1 | $ 74,000 | $ 74,000 | $ 23,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 420,000 | $ 420,000 | $ 142,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 353,000 | $ 353,000 | $ 110,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 417,000 | $ 417,000 | $ 174,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 223,000 | $ 223,000 | $ 57,000 |
| Shreveport-Bossier City, LA | 1 | $ 147,000 | $ 147,000 | $ 102,000 |
| Stockton, CA | 1 | $ 346,000 | $ 346,000 | $ 69,000 |
| Syracuse, NY | 1 | $ 120,000 | $ 120,000 | $ 43,000 |
| Utica-Rome, NY | 1 | $ 150,000 | $ 150,000 | $ 75,000 |
| Vallejo-Fairfield, CA | 1 | $ 160,000 | $ 160,000 | $ 44,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 209,000 | $ 209,000 | $ 142,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 127,000 | $ 127,000 | $ 73,000 |
| Wenatchee-East Wenatchee, WA | 1 | $ 148,000 | $ 148,000 | $ 37,000 |
| Winchester, VA-WV | 1 | $ 70,000 | $ 70,000 | $ 14,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 182,000 | $ 182,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for First Choice Bank in 2009
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 | 1,685 | $491,920,000 | $291,000 | $3,500,000 | $137,000 | $3,811,000 |
| Home Purchase | 802 | $232,693,000 | $290,000 | $1,500,000 | $125,000 | $1,856,000 |
| Home Improvement | 5 | $423,000 | $84,000 | $140,000 | $45,000 | $127,000 |
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 | 1,723 | $509,357,000 | $295,000 | $1,500,000 | $136,000 | $3,811,000 |
| Not Provided | 339 | $106,913,000 | $315,000 | $3,500,000 | $159,000 | $3,680,000 |
| Asian | 160 | $50,348,000 | $314,000 | $696,000 | $140,000 | $969,000 |
| Hispanic | 129 | $30,708,000 | $238,000 | $1,000,000 | $91,000 | $596,000 |
| Black or African American | 118 | $22,754,000 | $192,000 | $723,000 | $71,000 | $373,000 |
| Not applicable | 14 | $2,587,000 | $184,000 | $405,000 | $0 | $0 |
| American Indian or Alaskan Native | 6 | $1,110,000 | $185,000 | $332,000 | $91,000 | $185,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,259,000 | $419,000 | $625,000 | $136,000 | $227,000 |
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) | 1,831 | $562,951,000 | $307,000 | $3,500,000 | $153,000 | $3,811,000 |
| FHA-insured (Federal Housing Administration) | 661 | $162,085,000 | $245,000 | $762,000 | $76,000 | $395,000 |
| 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 | 1,773 | $503,769,000 | $284,000 | $1,500,000 | $132,000 | $3,811,000 |
| Application Withdrawn By Applicant | 508 | $157,395,000 | $309,000 | $1,500,000 | $135,000 | $1,604,000 |
| Application Denied By Financial Institution | 115 | $32,078,000 | $278,000 | $1,000,000 | $121,000 | $651,000 |
| File Closed For Incompleteness | 61 | $22,008,000 | $360,000 | $3,500,000 | $167,000 | $3,000,000 |
| Application Approved But Not Accepted | 35 | $9,786,000 | $279,000 | $571,000 | $121,000 | $305,000 |
| 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 | 28 | $6,805,000 | $243,000 | $588,000 | $80,000 | $192,000 |
| Collateral | 19 | $3,729,000 | $196,000 | $417,000 | $96,000 | $206,000 |
| Other | 11 | $2,536,000 | $230,000 | $648,000 | $175,000 | $541,000 |
| Credit History | 11 | $2,160,000 | $196,000 | $705,000 | $121,000 | $519,000 |
| Employment History | 5 | $1,260,000 | $252,000 | $336,000 | $76,000 | $149,000 |
| Unverifiable Information | 3 | $863,000 | $287,000 | $392,000 | $75,000 | $86,000 |
| Credit Application Incomplete | 1 | $700,000 | $700,000 | $700,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $398,000 | $398,000 | $398,000 | $68,000 | $68,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Choice Bank's 2009 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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