First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2010
In 2010, First Hope Bank A National Banking Association of Hope, NJ reported 789 mortgage applications totaling $227.0 million, up 15% from 2009. The average application was for $287,667, and applicants reported an average income of $148,183. 70% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Newark-Union, NJ-PA (306), Edison-New Brunswick, NJ (158) and Allentown-Bethlehem-Easton, PA-NJ (126) (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 | 789 |
| Total Mortgage Loan Application Amount | $226,970,000 |
| Average Mortgage Loan Application Amount | $287,667 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $148,183 |
| Highest Applicant Income | $2,870,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Sussex, New Jersey | 132 | $ 30,405,000 | $ 230,340 | $ 141,000 |
| Warren, New Jersey | 122 | $ 22,359,000 | $ 183,270 | $ 100,000 |
| Morris, New Jersey | 72 | $ 21,920,000 | $ 304,444 | $ 132,000 |
| Middlesex, New Jersey | 61 | $ 17,450,000 | $ 286,065 | $ 127,000 |
| Essex, New Jersey | 52 | $ 17,765,000 | $ 341,634 | $ 169,000 |
| Somerset, New Jersey | 49 | $ 17,869,000 | $ 364,673 | $ 196,000 |
| Bergen, New Jersey | 44 | $ 19,592,000 | $ 445,272 | $ 236,000 |
| Monmouth, New Jersey | 32 | $ 10,920,000 | $ 341,250 | $ 166,000 |
| Union, New Jersey | 26 | $ 9,709,000 | $ 373,423 | $ 132,000 |
| Hudson, New Jersey | 24 | $ 9,486,000 | $ 395,250 | $ 141,000 |
| Hunterdon, New Jersey | 19 | $ 5,445,000 | $ 286,578 | $ 129,000 |
| Mercer, New Jersey | 16 | $ 5,380,000 | $ 336,250 | $ 152,000 |
| Ocean, New Jersey | 16 | $ 5,174,000 | $ 323,375 | $ 180,000 |
| Burlington, New Jersey | 8 | $ 2,080,000 | $ 260,000 | $ 105,000 |
| Queens, New York | 7 | $ 2,446,000 | $ 349,428 | $ 174,000 |
| Suffolk, New York | 7 | $ 2,123,000 | $ 303,285 | $ 116,000 |
| Bucks, Pennsylvania | 7 | $ 1,891,000 | $ 270,142 | $ 112,000 |
| Passaic, New Jersey | 6 | $ 1,810,000 | $ 301,666 | $ 161,000 |
| Nassau, New York | 5 | $ 1,684,000 | $ 336,800 | $ 135,000 |
| Pike, Pennsylvania | 5 | $ 670,000 | $ 134,000 | $ 51,000 |
| Kings, New York | 4 | $ 3,151,000 | $ 787,750 | $ 270,000 |
| Fairfield, Connecticut | 3 | $ 594,000 | $ 198,000 | $ 70,000 |
| Palm Beach, Florida | 3 | $ 971,000 | $ 323,666 | $ 259,000 |
| Gloucester, New Jersey | 3 | $ 658,000 | $ 219,333 | $ 77,000 |
| Richmond, New York | 3 | $ 966,000 | $ 322,000 | $ 87,000 |
| Westchester, New York | 3 | $ 893,000 | $ 297,666 | $ 235,000 |
| Monroe, Pennsylvania | 3 | $ 436,000 | $ 145,333 | $ 96,000 |
| Northampton, Pennsylvania | 3 | $ 578,000 | $ 192,666 | $ 42,000 |
| Frederick, Virginia | 3 | $ 172,000 | $ 57,333 | $ 65,000 |
| New Haven, Connecticut | 2 | $ 465,000 | $ 232,500 | $ 102,000 |
| Prince George's, Maryland | 2 | $ 303,000 | $ 151,500 | $ 100,000 |
| Atlantic, New Jersey | 2 | $ 385,000 | $ 192,500 | $ 69,000 |
| Cape May, New Jersey | 2 | $ 723,000 | $ 361,500 | $ 433,000 |
| Bronx, New York | 2 | $ 345,000 | $ 172,500 | $ 83,000 |
| Dutchess, New York | 2 | $ 407,000 | $ 203,500 | $ 112,000 |
| Orange, New York | 2 | $ 504,000 | $ 252,000 | $ 115,000 |
| Montgomery, Pennsylvania | 2 | $ 638,000 | $ 319,000 | $ 130,000 |
| Yuma, Arizona | 1 | $ 317,000 | $ 317,000 | $ 391,000 |
| Middlesex, Connecticut | 1 | $ 252,000 | $ 252,000 | $ 124,000 |
| Sussex, Delaware | 1 | $ 350,000 | $ 350,000 | $ 295,000 |
| Brevard, Florida | 1 | $ 112,000 | $ 112,000 | $ 44,000 |
| Indian River, Florida | 1 | $ 360,000 | $ 360,000 | $ 165,000 |
| Martin, Florida | 1 | $ 408,000 | $ 408,000 | $ 2,870,000 |
| Sarasota, Florida | 1 | $ 150,000 | $ 150,000 | $ 148,000 |
| Volusia, Florida | 1 | $ 180,000 | $ 180,000 | $ 147,000 |
| Cecil, Maryland | 1 | $ 206,000 | $ 206,000 | $ 71,000 |
| Howard, Maryland | 1 | $ 176,000 | $ 176,000 | $ 212,000 |
| Dukes, Massachusetts | 1 | $ 360,000 | $ 360,000 | $ 309,000 |
| Middlesex, Massachusetts | 1 | $ 524,000 | $ 524,000 | $ 372,000 |
| Nantucket, Massachusetts | 1 | $ 508,000 | $ 508,000 | $ 133,000 |
| Camden, New Jersey | 1 | $ 126,000 | $ 126,000 | $ 66,000 |
| Clinton, New York | 1 | $ 168,000 | $ 168,000 | $ 68,000 |
| New York, New York | 1 | $ 385,000 | $ 385,000 | $ 569,000 |
| Ontario, New York | 1 | $ 32,000 | $ 32,000 | $ 194,000 |
| Otsego, New York | 1 | $ 106,000 | $ 106,000 | $ 70,000 |
| Rockland, New York | 1 | $ 262,000 | $ 262,000 | $ 155,000 |
| Saratoga, New York | 1 | $ 232,000 | $ 232,000 | $ 149,000 |
| Union, North Carolina | 1 | $ 308,000 | $ 308,000 | $ 80,000 |
| Chester, Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 119,000 |
| Cumberland, Pennsylvania | 1 | $ 78,000 | $ 78,000 | $ 187,000 |
| Franklin, Pennsylvania | 1 | $ 158,000 | $ 158,000 | $ 33,000 |
| Lancaster, Pennsylvania | 1 | $ 44,000 | $ 44,000 | $ 145,000 |
| Lehigh, Pennsylvania | 1 | $ 239,000 | $ 239,000 | $ 82,000 |
| Luzerne, Pennsylvania | 1 | $ 110,000 | $ 110,000 | $ 44,000 |
| Washington, Pennsylvania | 1 | $ 370,000 | $ 370,000 | $ 223,000 |
| Beaufort, South Carolina | 1 | $ 128,000 | $ 128,000 | $ 217,000 |
| Georgetown, South Carolina | 1 | $ 125,000 | $ 125,000 | $ 213,000 |
| Sevier, Tennessee | 1 | $ 96,000 | $ 96,000 | $ 84,000 |
| Fairfax, Virginia | 1 | $ 438,000 | $ 438,000 | $ 156,000 |
| Prince William, Virginia | 1 | $ 368,000 | $ 368,000 | $ 120,000 |
| Rockingham, Virginia | 1 | $ 417,000 | $ 417,000 | $ 173,000 |
| Snohomish, Washington | 1 | $ 310,000 | $ 310,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2010
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 | 605 | $179,205,000 | $296,000 | $2,000,000 | $149,000 | $2,870,000 |
| Home Purchase | 158 | $46,188,000 | $292,000 | $2,000,000 | $152,000 | $2,100,000 |
| Home Improvement | 26 | $1,577,000 | $60,000 | $325,000 | $106,000 | $224,000 |
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 | 550 | $147,689,000 | $268,000 | $2,000,000 | $153,000 | $2,870,000 |
| Asian | 123 | $42,990,000 | $349,000 | $705,000 | $139,000 | $374,000 |
| Not Provided | 97 | $28,838,000 | $297,000 | $1,950,000 | $139,000 | $756,000 |
| Black or African American | 9 | $2,908,000 | $323,000 | $530,000 | $124,000 | $368,000 |
| Hispanic | 8 | $2,128,000 | $266,000 | $378,000 | $97,000 | $224,000 |
| American Indian or Alaskan Native | 1 | $417,000 | $417,000 | $417,000 | $189,000 | $189,000 |
| Not applicable | 1 | $2,000,000 | $2,000,000 | $2,000,000 | $0 | $0 |
| 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) | 688 | $197,446,000 | $286,000 | $2,000,000 | $157,000 | $2,870,000 |
| FHA-insured (Federal Housing Administration) | 93 | $28,327,000 | $304,000 | $721,000 | $95,000 | $272,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,197,000 | $149,000 | $201,000 | $55,000 | $74,000 |
| 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 | 555 | $153,844,000 | $277,000 | $1,251,000 | $151,000 | $2,870,000 |
| Application Withdrawn By Applicant | 111 | $36,515,000 | $328,000 | $2,000,000 | $152,000 | $1,397,000 |
| Application Denied By Financial Institution | 94 | $28,661,000 | $304,000 | $2,000,000 | $133,000 | $1,571,000 |
| File Closed For Incompleteness | 17 | $4,621,000 | $271,000 | $496,000 | $119,000 | $241,000 |
| Application Approved But Not Accepted | 12 | $3,329,000 | $277,000 | $417,000 | $145,000 | $434,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 38 | $12,840,000 | $337,000 | $2,000,000 | $173,000 | $1,571,000 |
| Debt-To-Income Ratio | 28 | $7,611,000 | $271,000 | $925,000 | $86,000 | $236,000 |
| Credit Application Incomplete | 12 | $4,606,000 | $383,000 | $1,250,000 | $155,000 | $476,000 |
| Other | 12 | $2,957,000 | $246,000 | $404,000 | $112,000 | $212,000 |
| Credit History | 4 | $647,000 | $161,000 | $310,000 | $82,000 | $150,000 |
| 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 2010 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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