First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2005
In 2005, First Hope Bank A National Banking Association of Hope, NJ reported 318 mortgage applications totaling $42.9 million, up 4% from 2004. The average application was for $134,871, and applicants reported an average income of $154,393. 81% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Newark-Union, NJ-PA (149), Edison, NJ (13) and Allentown-Bethlehem-Easton, PA-NJ (10) (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 | 318 |
| Total Mortgage Loan Application Amount | $42,889,000 |
| Average Mortgage Loan Application Amount | $134,871 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $154,393 |
| Highest Applicant Income | $983,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 130 | $ 11,256,000 | $ 86,584 | $ 92,000 |
| Sussex, New Jersey | 109 | $ 13,989,000 | $ 128,339 | $ 135,000 |
| Morris, New Jersey | 31 | $ 5,710,000 | $ 184,193 | $ 133,000 |
| Northampton, Pennsylvania | 10 | $ 681,000 | $ 68,100 | $ 65,000 |
| Somerset, New Jersey | 9 | $ 3,839,000 | $ 426,555 | $ 172,000 |
| Essex, New Jersey | 6 | $ 2,281,000 | $ 380,166 | $ 201,000 |
| Bergen, New Jersey | 3 | $ 896,000 | $ 298,666 | $ 156,000 |
| Hunterdon, New Jersey | 3 | $ 429,000 | $ 143,000 | $ 132,000 |
| Passaic, New Jersey | 3 | $ 1,676,000 | $ 558,666 | $ 499,000 |
| Monroe, Pennsylvania | 3 | $ 242,000 | $ 80,666 | $ 142,000 |
| Monmouth, New Jersey | 2 | $ 212,000 | $ 106,000 | $ 254,000 |
| Bucks, Pennsylvania | 2 | $ 225,000 | $ 112,500 | $ 171,000 |
| Pike, Pennsylvania | 2 | $ 55,000 | $ 27,500 | $ 57,000 |
| Hudson, New Jersey | 1 | $ 380,000 | $ 380,000 | $ 100,000 |
| Mercer, New Jersey | 1 | $ 20,000 | $ 20,000 | $ 282,000 |
| Middlesex, New Jersey | 1 | $ 348,000 | $ 348,000 | $ 102,000 |
| Ocean, New Jersey | 1 | $ 350,000 | $ 350,000 | $ 359,000 |
| Richmond, New York | 1 | $ 300,000 | $ 300,000 | $ 132,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2005
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 Improvement | 164 | $12,793,000 | $64,000 | $565,000 | $118,500 | $780,000 |
| Refinancing | 119 | $21,193,000 | $188,333 | $2,000,000 | $124,000 | $856,000 |
| Home Purchase | 35 | $8,903,000 | $195,000 | $1,500,000 | $184,000 | $983,000 |
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 | 290 | $38,789,000 | $169,333 | $2,000,000 | $131,666 | $983,000 |
| Not Provided | 9 | $1,611,000 | $110,500 | $600,000 | $109,000 | $338,000 |
| Hispanic | 9 | $1,084,000 | $120,000 | $375,000 | $135,000 | $424,000 |
| Not applicable | 4 | $701,000 | $175,000 | $228,000 | $233,000 | $747,000 |
| Asian | 3 | $325,000 | $108,000 | $167,000 | $95,000 | $128,000 |
| Black or African American | 2 | $279,000 | $139,000 | $251,000 | $136,000 | $137,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $100,000 | $100,000 | $100,000 | $132,000 | $132,000 |
| American Indian or Alaskan Native | 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) | 318 | $42,889,000 | $169,000 | $2,000,000 | $131,000 | $983,000 |
| 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 | 259 | $27,940,000 | $87,000 | $1,500,000 | $136,500 | $983,000 |
| Application Withdrawn By Applicant | 25 | $7,903,000 | $247,000 | $2,000,000 | $244,000 | $856,000 |
| Application Approved But Not Accepted | 18 | $5,397,000 | $299,500 | $636,000 | $129,000 | $450,000 |
| Application Denied By Financial Institution | 13 | $898,000 | $69,000 | $196,000 | $89,000 | $200,000 |
| File Closed For Incompleteness | 3 | $751,000 | $250,000 | $300,000 | $126,000 | $238,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $461,000 | $92,000 | $196,000 | $104,000 | $200,000 |
| Debt-To-Income Ratio | 4 | $179,000 | $44,000 | $55,000 | $53,000 | $73,000 |
| Collateral | 4 | $258,000 | $64,000 | $75,000 | $106,000 | $172,000 |
| 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 2005 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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