First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2008
In 2008, First Hope Bank A National Banking Association of Hope, NJ reported 244 mortgage applications totaling $41.9 million, down 29% from 2007. The average application was for $171,913, and applicants reported an average income of $111,770. 68% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Allentown-Bethlehem-Easton, PA-NJ (116), Newark-Union, NJ-PA (108) and New York-White Plains-Wayne, NY-NJ (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 | 244 |
| Total Mortgage Loan Application Amount | $41,947,000 |
| Average Mortgage Loan Application Amount | $171,913 |
| Highest Mortgage Loan Application Amount | $4,650,000 |
| Average Applicant Income | $111,770 |
| Highest Applicant Income | $675,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 114 | $ 16,517,000 | $ 144,885 | $ 98,000 |
| Sussex, New Jersey | 75 | $ 9,636,000 | $ 128,480 | $ 121,000 |
| Morris, New Jersey | 24 | $ 3,803,000 | $ 158,458 | $ 112,000 |
| Essex, New Jersey | 5 | $ 5,165,000 | $ 1,033,000 | $ 63,000 |
| Bergen, New Jersey | 4 | $ 1,679,000 | $ 419,750 | $ 212,000 |
| Hunterdon, New Jersey | 3 | $ 209,000 | $ 69,666 | $ 163,000 |
| Somerset, New Jersey | 3 | $ 1,216,000 | $ 405,333 | $ 230,000 |
| Atlantic, New Jersey | 2 | $ 158,000 | $ 79,000 | $ 0 |
| Monroe, Pennsylvania | 2 | $ 455,000 | $ 227,500 | $ 11,000 |
| Northampton, Pennsylvania | 2 | $ 267,000 | $ 133,500 | $ 92,000 |
| District of Columbia, District Of Columbia | 1 | $ 500,000 | $ 500,000 | $ 515,000 |
| Nassau, Florida | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Cobb, Georgia | 1 | $ 119,000 | $ 119,000 | $ 165,000 |
| Hudson, New Jersey | 1 | $ 290,000 | $ 290,000 | $ 233,000 |
| Mercer, New Jersey | 1 | $ 417,000 | $ 417,000 | $ 216,000 |
| Monmouth, New Jersey | 1 | $ 34,000 | $ 34,000 | $ 195,000 |
| Ocean, New Jersey | 1 | $ 616,000 | $ 616,000 | $ 212,000 |
| Passaic, New Jersey | 1 | $ 256,000 | $ 256,000 | $ 63,000 |
| Union, New Jersey | 1 | $ 175,000 | $ 175,000 | $ 157,000 |
| Orange, New York | 1 | $ 100,000 | $ 100,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2008
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 | 120 | $28,497,000 | $237,000 | $4,650,000 | $109,000 | $675,000 |
| Home Improvement | 96 | $6,745,000 | $70,000 | $345,000 | $114,000 | $360,000 |
| Home Purchase | 28 | $6,705,000 | $239,000 | $500,000 | $116,000 | $515,000 |
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 | 229 | $35,440,000 | $154,000 | $4,650,000 | $114,000 | $675,000 |
| Not applicable | 6 | $4,486,000 | $747,000 | $2,000,000 | $0 | $0 |
| Asian | 4 | $1,433,000 | $358,000 | $500,000 | $164,000 | $216,000 |
| Not Provided | 3 | $369,000 | $123,000 | $175,000 | $101,000 | $157,000 |
| Black or African American | 1 | $119,000 | $119,000 | $119,000 | $165,000 | $165,000 |
| Hispanic | 1 | $100,000 | $100,000 | $100,000 | $68,000 | $68,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 243 | $41,697,000 | $171,000 | $4,650,000 | $112,000 | $675,000 |
| FHA-insured (Federal Housing Administration) | 1 | $250,000 | $250,000 | $250,000 | $109,000 | $109,000 |
| 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 | 166 | $26,503,000 | $159,000 | $4,650,000 | $116,000 | $675,000 |
| Application Denied By Financial Institution | 53 | $8,150,000 | $153,000 | $616,000 | $100,000 | $405,000 |
| Application Withdrawn By Applicant | 15 | $5,449,000 | $363,000 | $1,700,000 | $115,000 | $253,000 |
| Application Approved But Not Accepted | 6 | $728,000 | $121,000 | $370,000 | $118,000 | $210,000 |
| File Closed For Incompleteness | 4 | $1,117,000 | $279,000 | $500,000 | $93,000 | $170,000 |
| 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 | $4,825,000 | $172,000 | $616,000 | $94,000 | $405,000 |
| Collateral | 13 | $1,495,000 | $115,000 | $417,000 | $103,000 | $158,000 |
| Credit History | 9 | $1,190,000 | $132,000 | $259,000 | $117,000 | $187,000 |
| Other | 2 | $237,000 | $118,000 | $119,000 | $141,000 | $165,000 |
| Unverifiable Information | 1 | $403,000 | $403,000 | $403,000 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Hope Bank A National Banking Association's 2008 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
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