First Heritage Financial LLC Mortgage Lending & HMDA Data, 2016
In 2016, First Heritage Financial LLC of Trevose, PA reported 429 mortgage applications totaling $56.1 million, down 7% from 2015. The average application was for $130,848, and applicants reported an average income of $55,671. 76% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Philadelphia, PA (94), Erie, PA (51) and Allentown-Bethlehem-Easton, PA-NJ (40) (applications in parentheses).
| Mortgage Company & Address | First Heritage Financial LLC 2655 Neshaminy Interplex Drive Trevose, PA 19053 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 429 |
| Total Mortgage Loan Application Amount | $56,134,000 |
| Average Mortgage Loan Application Amount | $130,848 |
| Highest Mortgage Loan Application Amount | $491,000 |
| Average Applicant Income | $55,671 |
| Highest Applicant Income | $239,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Heritage Financial LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Heritage Financial LLC in 2016
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 | 397 | $51,542,000 | $129,000 | $491,000 | $55,000 | $239,000 |
| Refinancing | 32 | $4,592,000 | $143,000 | $335,000 | $64,000 | $146,000 |
| Home Improvement | 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 | 222 | $28,877,000 | $130,000 | $374,000 | $60,000 | $211,000 |
| Black or African American | 97 | $12,641,000 | $130,000 | $353,000 | $49,000 | $239,000 |
| Not Provided | 64 | $8,596,000 | $134,000 | $298,000 | $57,000 | $146,000 |
| Hispanic | 42 | $5,359,000 | $127,000 | $491,000 | $46,000 | $155,000 |
| Asian | 2 | $300,000 | $150,000 | $203,000 | $91,000 | $111,000 |
| American Indian or Alaskan Native | 1 | $145,000 | $145,000 | $145,000 | $101,000 | $101,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $216,000 | $216,000 | $216,000 | $51,000 | $51,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 350 | $45,197,000 | $129,000 | $491,000 | $55,000 | $239,000 |
| VA-guaranteed (Veterans Administration) | 27 | $4,555,000 | $168,000 | $302,000 | $71,000 | $146,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 26 | $3,721,000 | $143,000 | $335,000 | $61,000 | $199,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $2,661,000 | $102,000 | $190,000 | $47,000 | $72,000 |
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 | 325 | $42,293,000 | $130,000 | $374,000 | $56,000 | $239,000 |
| Application Denied By Financial Institution | 55 | $7,497,000 | $136,000 | $491,000 | $54,000 | $155,000 |
| Application Withdrawn By Applicant | 36 | $4,630,000 | $128,000 | $291,000 | $59,000 | $199,000 |
| Preapproval Denied by Financial Institution | 10 | $1,095,000 | $109,000 | $221,000 | $40,000 | $60,000 |
| File Closed For Incompleteness | 2 | $404,000 | $202,000 | $242,000 | $45,000 | $53,000 |
| Application Approved But Not Accepted | 1 | $215,000 | $215,000 | $215,000 | $74,000 | $74,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 Application Incomplete | 11 | $1,526,000 | $138,000 | $288,000 | $54,000 | $96,000 |
| Debt-To-Income Ratio | 10 | $1,824,000 | $182,000 | $491,000 | $57,000 | $155,000 |
| Collateral | 9 | $1,365,000 | $151,000 | $335,000 | $62,000 | $123,000 |
| Other | 8 | $848,000 | $106,000 | $243,000 | $50,000 | $105,000 |
| Credit History | 5 | $586,000 | $117,000 | $254,000 | $62,000 | $117,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $371,000 | $92,000 | $128,000 | $34,000 | $43,000 |
| Employment History | 2 | $229,000 | $114,000 | $135,000 | $54,000 | $85,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Heritage Financial LLC's 2016 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 Heritage Financial LLC'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About