First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2007
In 2007, First Hope Bank A National Banking Association of Hope, NJ reported 342 mortgage applications totaling $42.8 million, up 3% from 2006. The average application was for $125,067, and applicants reported an average income of $126,698. 73% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Newark-Union, NJ-PA (157), Allentown-Bethlehem-Easton, PA-NJ (155) and Edison, NJ (12) (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 | 342 |
| Total Mortgage Loan Application Amount | $42,773,000 |
| Average Mortgage Loan Application Amount | $125,067 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $126,698 |
| Highest Applicant Income | $1,178,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 150 | $ 15,573,000 | $ 103,820 | $ 98,000 |
| Sussex, New Jersey | 112 | $ 9,996,000 | $ 89,250 | $ 138,000 |
| Morris, New Jersey | 34 | $ 5,936,000 | $ 174,588 | $ 165,000 |
| Somerset, New Jersey | 5 | $ 797,000 | $ 159,400 | $ 146,000 |
| Northampton, Pennsylvania | 5 | $ 283,000 | $ 56,600 | $ 65,000 |
| Essex, New Jersey | 4 | $ 810,000 | $ 202,500 | $ 115,000 |
| Bergen, New Jersey | 3 | $ 940,000 | $ 313,333 | $ 143,000 |
| Hunterdon, New Jersey | 3 | $ 475,000 | $ 158,333 | $ 153,000 |
| Middlesex, New Jersey | 3 | $ 337,000 | $ 112,333 | $ 109,000 |
| Ocean, New Jersey | 3 | $ 1,055,000 | $ 351,666 | $ 225,000 |
| Passaic, New Jersey | 3 | $ 732,000 | $ 244,000 | $ 168,000 |
| Union, New Jersey | 3 | $ 830,000 | $ 276,666 | $ 61,000 |
| Monroe, Pennsylvania | 3 | $ 101,000 | $ 33,666 | $ 57,000 |
| Orange, New York | 2 | $ 65,000 | $ 32,500 | $ 206,000 |
| Delaware, Pennsylvania | 2 | $ 1,950,000 | $ 975,000 | $ 732,000 |
| Atlantic, New Jersey | 1 | $ 81,000 | $ 81,000 | $ 14,000 |
| Cape May, New Jersey | 1 | $ 30,000 | $ 30,000 | $ 71,000 |
| Hudson, New Jersey | 1 | $ 60,000 | $ 60,000 | $ 171,000 |
| Monmouth, New Jersey | 1 | $ 250,000 | $ 250,000 | $ 72,000 |
| Kings, New York | 1 | $ 2,000,000 | $ 2,000,000 | $ 756,000 |
| Richmond, New York | 1 | $ 455,000 | $ 455,000 | $ 369,000 |
| Pike, Pennsylvania | 1 | $ 17,000 | $ 17,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2007
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 | 162 | $10,721,000 | $66,000 | $600,000 | $118,000 | $741,000 |
| Refinancing | 145 | $20,519,000 | $141,000 | $1,485,000 | $118,000 | $1,178,000 |
| Home Purchase | 35 | $11,533,000 | $329,000 | $2,000,000 | $203,000 | $910,000 |
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 | 300 | $35,209,000 | $117,000 | $1,485,000 | $127,000 | $1,178,000 |
| Not Provided | 13 | $2,905,000 | $223,000 | $2,000,000 | $190,000 | $756,000 |
| Hispanic | 13 | $1,149,000 | $88,000 | $600,000 | $107,000 | $313,000 |
| Asian | 8 | $1,235,000 | $154,000 | $400,000 | $121,000 | $270,000 |
| Not applicable | 6 | $2,125,000 | $354,000 | $750,000 | $25,000 | $100,000 |
| American Indian or Alaskan Native | 1 | $100,000 | $100,000 | $100,000 | $206,000 | $206,000 |
| Black or African American | 1 | $50,000 | $50,000 | $50,000 | $141,000 | $141,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 342 | $42,773,000 | $125,000 | $2,000,000 | $127,000 | $1,178,000 |
| 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 | 249 | $25,225,000 | $101,000 | $2,000,000 | $128,000 | $1,178,000 |
| Application Denied By Financial Institution | 53 | $5,152,000 | $97,000 | $455,000 | $98,000 | $369,000 |
| Application Withdrawn By Applicant | 25 | $10,012,000 | $400,000 | $1,485,000 | $161,000 | $720,000 |
| Application Approved But Not Accepted | 15 | $2,384,000 | $158,000 | $750,000 | $158,000 | $910,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 22 | $2,477,000 | $112,000 | $417,000 | $68,000 | $129,000 |
| Credit History | 17 | $1,171,000 | $68,000 | $165,000 | $99,000 | $313,000 |
| Collateral | 7 | $948,000 | $135,000 | $455,000 | $173,000 | $369,000 |
| Other | 4 | $211,000 | $52,000 | $120,000 | $157,000 | $192,000 |
| Credit Application Incomplete | 3 | $345,000 | $115,000 | $204,000 | $53,000 | $60,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Hope Bank A National Banking Association's 2007 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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