First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2014
In 2014, First Hope Bank A National Banking Association of Hope, NJ reported 100 mortgage applications totaling $27.5 million, down 10% from 2013. The average application was for $274,840, and applicants reported an average income of $138,470. 59% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Allentown-Bethlehem-Easton, PA-NJ (35), Newark, NJ-PA (34) and New York-Jersey City-White Plains, NY-NJ (22) (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 | 100 |
| Total Mortgage Loan Application Amount | $27,484,000 |
| Average Mortgage Loan Application Amount | $274,840 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $138,470 |
| Highest Applicant Income | $1,211,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 31 | $ 3,990,000 | $ 128,709 | $ 111,000 |
| Sussex, New Jersey | 25 | $ 5,872,000 | $ 234,880 | $ 130,000 |
| Richmond, New York | 8 | $ 2,825,000 | $ 353,125 | $ 117,000 |
| Morris, New Jersey | 7 | $ 1,872,000 | $ 267,428 | $ 223,000 |
| Ocean, New Jersey | 4 | $ 663,000 | $ 165,750 | $ 229,000 |
| Northampton, Pennsylvania | 4 | $ 607,000 | $ 151,750 | $ 89,000 |
| Monmouth, New Jersey | 3 | $ 1,672,000 | $ 557,333 | $ 495,000 |
| Kings, New York | 2 | $ 857,000 | $ 428,500 | $ 113,000 |
| New York, New York | 2 | $ 5,496,000 | $ 2,748,000 | $ 203,000 |
| Monroe, Pennsylvania | 2 | $ 106,000 | $ 53,000 | $ 115,000 |
| Kitsap, Washington | 2 | $ 493,000 | $ 246,500 | $ 50,000 |
| Palm Beach, Florida | 1 | $ 360,000 | $ 360,000 | $ 121,000 |
| Montgomery, Maryland | 1 | $ 444,000 | $ 444,000 | $ 161,000 |
| Bergen, New Jersey | 1 | $ 598,000 | $ 598,000 | $ 190,000 |
| Essex, New Jersey | 1 | $ 221,000 | $ 221,000 | $ 0 |
| Hunterdon, New Jersey | 1 | $ 149,000 | $ 149,000 | $ 50,000 |
| Middlesex, New Jersey | 1 | $ 113,000 | $ 113,000 | $ 0 |
| Bernalillo, New Mexico | 1 | $ 166,000 | $ 166,000 | $ 0 |
| Queens, New York | 1 | $ 417,000 | $ 417,000 | $ 120,000 |
| Bucks, Pennsylvania | 1 | $ 350,000 | $ 350,000 | $ 305,000 |
| Whatcom, Washington | 1 | $ 213,000 | $ 213,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2014
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 | 45 | $10,837,000 | $240,000 | $731,000 | $133,000 | $1,211,000 |
| Home Purchase | 31 | $13,908,000 | $448,000 | $5,000,000 | $146,000 | $830,000 |
| Home Improvement | 24 | $2,739,000 | $114,000 | $388,000 | $139,000 | $297,000 |
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 | 83 | $17,254,000 | $207,000 | $731,000 | $153,000 | $1,211,000 |
| Not applicable | 7 | $7,582,000 | $1,083,000 | $5,000,000 | $0 | $0 |
| Hispanic | 4 | $909,000 | $227,000 | $448,000 | $93,000 | $137,000 |
| Black or African American | 3 | $1,066,000 | $355,000 | $444,000 | $83,000 | $161,000 |
| Asian | 2 | $526,000 | $263,000 | $496,000 | $238,000 | $407,000 |
| Not Provided | 1 | $147,000 | $147,000 | $147,000 | $52,000 | $52,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $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) | 90 | $25,126,000 | $279,000 | $5,000,000 | $147,000 | $1,211,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,316,000 | $263,000 | $444,000 | $52,000 | $161,000 |
| FHA-insured (Federal Housing Administration) | 4 | $893,000 | $223,000 | $290,000 | $68,000 | $88,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $149,000 | $149,000 | $149,000 | $50,000 | $50,000 |
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 | 59 | $16,138,000 | $273,000 | $5,000,000 | $146,000 | $1,211,000 |
| Application Denied By Financial Institution | 21 | $5,460,000 | $260,000 | $524,000 | $161,000 | $830,000 |
| Loan Purchased By The Institution | 9 | $2,763,000 | $307,000 | $500,000 | $113,000 | $356,000 |
| Application Withdrawn By Applicant | 7 | $1,335,000 | $190,000 | $413,000 | $78,000 | $140,000 |
| Application Approved But Not Accepted | 4 | $1,788,000 | $447,000 | $1,450,000 | $76,000 | $134,000 |
| File Closed For Incompleteness | 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 | 10 | $2,550,000 | $255,000 | $524,000 | $92,000 | $305,000 |
| Collateral | 6 | $1,320,000 | $220,000 | $496,000 | $284,000 | $830,000 |
| Other | 3 | $883,000 | $294,000 | $448,000 | $184,000 | $247,000 |
| Credit Application Incomplete | 1 | $417,000 | $417,000 | $417,000 | $120,000 | $120,000 |
| Credit History | 1 | $290,000 | $290,000 | $290,000 | $88,000 | $88,000 |
| 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 2014 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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