First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2003
In 2003, First Hope Bank A National Banking Association of Hope, NJ reported 418 mortgage applications totaling $41.6 million. The average application was for $99,416, and applicants reported an average income of $145,483. 77% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Newark, NJ (382), Middlesex-Somerset-Hunterdon, NJ (11) and Allentown-Bethlehem-Easton, PA (6) (applications in parentheses).
| Mortgage Company & Address | First Hope Bank A National Banking Association 1301 Hope-Bridgeville Road Hope, NJ 07844 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 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 | 418 |
| Total Mortgage Loan Application Amount | $41,556,000 |
| Average Mortgage Loan Application Amount | $99,416 |
| Highest Mortgage Loan Application Amount | $900,000 |
| Average Applicant Income | $145,483 |
| Highest Applicant Income | $890,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Hope Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Warren, New Jersey | 213 | $ 15,376,000 | $ 72,187 | $ 76,000 |
| Sussex, New Jersey | 120 | $ 12,378,000 | $ 103,150 | $ 186,000 |
| Morris, New Jersey | 40 | $ 4,527,000 | $ 113,175 | $ 164,000 |
| Essex, New Jersey | 6 | $ 1,400,000 | $ 233,333 | $ 126,000 |
| Northampton, Pennsylvania | 6 | $ 455,000 | $ 75,833 | $ 83,000 |
| Middlesex, New Jersey | 4 | $ 375,000 | $ 93,750 | $ 132,000 |
| Somerset, New Jersey | 4 | $ 1,345,000 | $ 336,250 | $ 288,000 |
| Hunterdon, New Jersey | 3 | $ 767,000 | $ 255,666 | $ 141,000 |
| Monmouth, New Jersey | 3 | $ 1,260,000 | $ 420,000 | $ 353,000 |
| Ocean, New Jersey | 3 | $ 565,000 | $ 188,333 | $ 142,000 |
| Union, New Jersey | 3 | $ 1,233,000 | $ 411,000 | $ 156,000 |
| Passaic, New Jersey | 2 | $ 105,000 | $ 52,500 | $ 116,000 |
| Monroe, Pennsylvania | 2 | $ 142,000 | $ 71,000 | $ 41,000 |
| Palm Beach, Florida | 1 | $ 55,000 | $ 55,000 | $ 398,000 |
| Pinellas, Florida | 1 | $ 12,000 | $ 12,000 | $ 18,000 |
| DeKalb, Georgia | 1 | $ 30,000 | $ 30,000 | $ 180,000 |
| Atlantic, New Jersey | 1 | $ 100,000 | $ 100,000 | $ 319,000 |
| Camden, New Jersey | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Cape May, New Jersey | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Gloucester, New Jersey | 1 | $ 308,000 | $ 308,000 | $ 154,000 |
| Luzerne, Pennsylvania | 1 | $ 110,000 | $ 110,000 | $ 195,000 |
| Wayne, Pennsylvania | 1 | $ 128,000 | $ 128,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2003
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 (home purchase or home improvement, one-to-four family) | 240 | $26,202,000 | $99,500 | $900,000 | $112,500 | $884,000 |
| Home Improvement (one-to-four family) | 150 | $6,245,000 | $35,250 | $180,000 | $91,500 | $430,000 |
| Home Purchase (one-to-four family) | 23 | $6,691,000 | $164,333 | $750,000 | $271,000 | $890,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 5 | $2,418,000 | $483,000 | $670,000 | $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 | 391 | $35,231,000 | $59,000 | $900,000 | $161,250 | $890,000 |
| Asian or Pacific Islander | 10 | $1,526,000 | $152,000 | $528,000 | $130,000 | $214,000 |
| Information not provided by applicant in mail or telephone application | 7 | $2,578,000 | $368,000 | $615,000 | $213,000 | $470,000 |
| Not applicable | 6 | $1,848,000 | $308,000 | $535,000 | $0 | $0 |
| Other | 1 | $85,000 | $85,000 | $85,000 | $377,000 | $377,000 |
| Black | 1 | $106,000 | $106,000 | $106,000 | $87,000 | $87,000 |
| Hispanic | 1 | $32,000 | $32,000 | $32,000 | $89,000 | $89,000 |
| American Indian or Alaskan Native | 1 | $150,000 | $150,000 | $150,000 | $220,000 | $220,000 |
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) | 418 | $41,556,000 | $61,500 | $900,000 | $160,000 | $890,000 |
| 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 | 323 | $26,876,000 | $63,750 | $900,000 | $213,000 | $884,000 |
| Application Denied By Financial Institution | 51 | $5,302,000 | $58,500 | $650,000 | $62,500 | $430,000 |
| Application Withdrawn By Applicant | 30 | $8,608,000 | $286,000 | $750,000 | $191,000 | $890,000 |
| Application Approved But Not Accepted | 14 | $770,000 | $53,500 | $150,000 | $78,000 | $364,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 27 | $3,223,000 | $67,500 | $650,000 | $63,000 | $275,000 |
| Credit History | 18 | $1,667,000 | $92,000 | $225,000 | $115,000 | $430,000 |
| Collateral | 6 | $412,000 | $68,000 | $168,000 | $93,000 | $128,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Hope Bank A National Banking Association's 2003 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 Hope Bank A National Banking Association'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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