First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2011
In 2011, First Hope Bank A National Banking Association of Hope, NJ reported 137 mortgage applications totaling $25.4 million, down 83% from 2010. The average application was for $185,635, and applicants reported an average income of $121,248. 58% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Allentown-Bethlehem-Easton, PA-NJ (55), Newark-Union, NJ-PA (50) and Edison-New Brunswick, NJ (14) (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 | 137 |
| Total Mortgage Loan Application Amount | $25,432,000 |
| Average Mortgage Loan Application Amount | $185,635 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $121,248 |
| Highest Applicant Income | $620,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 54 | $ 4,830,000 | $ 89,444 | $ 93,000 |
| Sussex, New Jersey | 35 | $ 4,714,000 | $ 134,685 | $ 110,000 |
| Morris, New Jersey | 6 | $ 1,088,000 | $ 181,333 | $ 172,000 |
| Monmouth, New Jersey | 5 | $ 807,000 | $ 161,400 | $ 108,000 |
| Ocean, New Jersey | 5 | $ 1,401,000 | $ 280,200 | $ 352,000 |
| Essex, New Jersey | 4 | $ 1,808,000 | $ 452,000 | $ 123,000 |
| Somerset, New Jersey | 3 | $ 1,601,000 | $ 533,666 | $ 184,000 |
| Union, New Jersey | 3 | $ 620,000 | $ 206,666 | $ 101,000 |
| Burlington, New Jersey | 2 | $ 500,000 | $ 250,000 | $ 95,000 |
| Hudson, New Jersey | 2 | $ 416,000 | $ 208,000 | $ 100,000 |
| Nassau, New York | 2 | $ 700,000 | $ 350,000 | $ 88,000 |
| Sussex, Delaware | 1 | $ 172,000 | $ 172,000 | $ 129,000 |
| Palm Beach, Florida | 1 | $ 392,000 | $ 392,000 | $ 279,000 |
| Hunterdon, New Jersey | 1 | $ 150,000 | $ 150,000 | $ 98,000 |
| Middlesex, New Jersey | 1 | $ 328,000 | $ 328,000 | $ 102,000 |
| Passaic, New Jersey | 1 | $ 155,000 | $ 155,000 | $ 42,000 |
| Kings, New York | 1 | $ 736,000 | $ 736,000 | $ 194,000 |
| New York, New York | 1 | $ 2,000,000 | $ 2,000,000 | $ 0 |
| Queens, New York | 1 | $ 316,000 | $ 316,000 | $ 65,000 |
| Richmond, New York | 1 | $ 404,000 | $ 404,000 | $ 460,000 |
| Rockland, New York | 1 | $ 417,000 | $ 417,000 | $ 157,000 |
| Suffolk, New York | 1 | $ 338,000 | $ 338,000 | $ 270,000 |
| Westchester, New York | 1 | $ 725,000 | $ 725,000 | $ 325,000 |
| Madison, North Carolina | 1 | $ 244,000 | $ 244,000 | $ 103,000 |
| Monroe, Pennsylvania | 1 | $ 175,000 | $ 175,000 | $ 101,000 |
| Northampton, Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 31,000 |
| Pike, Pennsylvania | 1 | $ 320,000 | $ 320,000 | $ 127,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2011
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 | 81 | $16,047,000 | $198,000 | $2,000,000 | $112,000 | $364,000 |
| Home Improvement | 35 | $2,419,000 | $69,000 | $250,000 | $117,000 | $464,000 |
| Home Purchase | 21 | $6,966,000 | $331,000 | $736,000 | $164,000 | $620,000 |
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 | 111 | $16,838,000 | $151,000 | $736,000 | $122,000 | $464,000 |
| Not Provided | 9 | $2,782,000 | $309,000 | $488,000 | $190,000 | $620,000 |
| Asian | 6 | $1,987,000 | $331,000 | $725,000 | $128,000 | $325,000 |
| Not applicable | 5 | $2,648,000 | $529,000 | $2,000,000 | $0 | $0 |
| Hispanic | 4 | $831,000 | $207,000 | $291,000 | $96,000 | $140,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $328,000 | $328,000 | $328,000 | $102,000 | $102,000 |
| American Indian or Alaskan Native | 1 | $18,000 | $18,000 | $18,000 | $128,000 | $128,000 |
| Black or African American | 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) | 118 | $19,312,000 | $163,000 | $2,000,000 | $121,000 | $620,000 |
| FHA-insured (Federal Housing Administration) | 19 | $6,120,000 | $322,000 | $736,000 | $122,000 | $460,000 |
| 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 | 80 | $15,013,000 | $187,000 | $2,000,000 | $122,000 | $464,000 |
| Application Denied By Financial Institution | 25 | $2,150,000 | $86,000 | $275,000 | $91,000 | $364,000 |
| Application Withdrawn By Applicant | 16 | $3,564,000 | $222,000 | $725,000 | $107,000 | $325,000 |
| Application Approved But Not Accepted | 8 | $1,778,000 | $222,000 | $328,000 | $136,000 | $355,000 |
| Loan Purchased By The Institution | 8 | $2,927,000 | $365,000 | $730,000 | $218,000 | $620,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 11 | $674,000 | $61,000 | $145,000 | $83,000 | $364,000 |
| Collateral | 9 | $683,000 | $75,000 | $259,000 | $115,000 | $197,000 |
| Credit Application Incomplete | 3 | $643,000 | $214,000 | $275,000 | $105,000 | $176,000 |
| Credit History | 1 | $75,000 | $75,000 | $75,000 | $31,000 | $31,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $75,000 | $75,000 | $75,000 | $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 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Hope Bank A National Banking Association's 2011 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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with aggregated HMDA statistics today.
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