First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2015
In 2015, First Hope Bank A National Banking Association of Hope, NJ reported 269 mortgage applications totaling $59.0 million, up 169% from 2014. The average application was for $219,442, and applicants reported an average income of $122,271. 66% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Allentown-Bethlehem-Easton, PA-NJ (90), Newark, NJ-PA (87) and New York-Jersey City-White Plains, NY-NJ (70) (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 | 269 |
| Total Mortgage Loan Application Amount | $59,030,000 |
| Average Mortgage Loan Application Amount | $219,442 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $122,271 |
| Highest Applicant Income | $1,597,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 86 | $ 11,481,000 | $ 133,500 | $ 103,000 |
| Sussex, New Jersey | 54 | $ 9,859,000 | $ 182,574 | $ 123,000 |
| Richmond, New York | 33 | $ 12,389,000 | $ 375,424 | $ 100,000 |
| Morris, New Jersey | 19 | $ 5,951,000 | $ 313,210 | $ 134,000 |
| Monmouth, New Jersey | 13 | $ 2,894,000 | $ 222,615 | $ 195,000 |
| Ocean, New Jersey | 8 | $ 1,552,000 | $ 194,000 | $ 198,000 |
| Middlesex, New Jersey | 7 | $ 1,932,000 | $ 276,000 | $ 104,000 |
| Essex, New Jersey | 6 | $ 2,681,000 | $ 446,833 | $ 406,000 |
| Kings, New York | 4 | $ 1,069,000 | $ 267,250 | $ 90,000 |
| Monroe, Pennsylvania | 4 | $ 414,000 | $ 103,500 | $ 74,000 |
| Northampton, Pennsylvania | 4 | $ 390,000 | $ 97,500 | $ 88,000 |
| Somerset, New Jersey | 3 | $ 1,070,000 | $ 356,666 | $ 77,000 |
| Nassau, New York | 3 | $ 1,164,000 | $ 388,000 | $ 119,000 |
| Chatham, North Carolina | 3 | $ 904,000 | $ 301,333 | $ 115,000 |
| Horry, South Carolina | 3 | $ 443,000 | $ 147,666 | $ 61,000 |
| Bergen, New Jersey | 2 | $ 583,000 | $ 291,500 | $ 98,000 |
| Hunterdon, New Jersey | 2 | $ 350,000 | $ 175,000 | $ 165,000 |
| Union, New Jersey | 2 | $ 599,000 | $ 299,500 | $ 40,000 |
| Broward, Florida | 1 | $ 74,000 | $ 74,000 | $ 48,000 |
| Collier, Florida | 1 | $ 345,000 | $ 345,000 | $ 194,000 |
| Marion, Florida | 1 | $ 150,000 | $ 150,000 | $ 153,000 |
| Palm Beach, Florida | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Volusia, Florida | 1 | $ 145,000 | $ 145,000 | $ 61,000 |
| Camden, New Jersey | 1 | $ 89,000 | $ 89,000 | $ 206,000 |
| Cape May, New Jersey | 1 | $ 175,000 | $ 175,000 | $ 54,000 |
| Hudson, New Jersey | 1 | $ 526,000 | $ 526,000 | $ 118,000 |
| Passaic, New Jersey | 1 | $ 250,000 | $ 250,000 | $ 94,000 |
| Queens, New York | 1 | $ 375,000 | $ 375,000 | $ 163,000 |
| Suffolk, New York | 1 | $ 353,000 | $ 353,000 | $ 108,000 |
| Brunswick, North Carolina | 1 | $ 348,000 | $ 348,000 | $ 377,000 |
| Pike, Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2015
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 | 119 | $29,197,000 | $245,000 | $1,900,000 | $113,000 | $582,000 |
| Home Purchase | 94 | $22,697,000 | $241,000 | $700,000 | $130,000 | $1,597,000 |
| Home Improvement | 56 | $7,136,000 | $127,000 | $1,299,000 | $129,000 | $933,000 |
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 | 237 | $49,855,000 | $210,000 | $1,299,000 | $129,000 | $1,597,000 |
| Not applicable | 9 | $4,437,000 | $493,000 | $1,900,000 | $0 | $0 |
| Not Provided | 8 | $782,000 | $97,000 | $250,000 | $68,000 | $186,000 |
| Hispanic | 6 | $986,000 | $164,000 | $238,000 | $85,000 | $121,000 |
| Black or African American | 5 | $1,987,000 | $397,000 | $451,000 | $132,000 | $224,000 |
| Asian | 4 | $983,000 | $245,000 | $364,000 | $145,000 | $273,000 |
| 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) | 246 | $53,253,000 | $216,000 | $1,900,000 | $127,000 | $1,597,000 |
| FHA-insured (Federal Housing Administration) | 14 | $4,312,000 | $308,000 | $469,000 | $90,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,465,000 | $162,000 | $250,000 | $58,000 | $94,000 |
| 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 | 177 | $40,742,000 | $230,000 | $1,900,000 | $120,000 | $933,000 |
| Application Denied By Financial Institution | 53 | $9,310,000 | $175,000 | $645,000 | $105,000 | $582,000 |
| Application Withdrawn By Applicant | 23 | $5,022,000 | $218,000 | $417,000 | $114,000 | $235,000 |
| Application Approved But Not Accepted | 9 | $2,305,000 | $256,000 | $525,000 | $298,000 | $1,597,000 |
| File Closed For Incompleteness | 6 | $1,353,000 | $225,000 | $375,000 | $145,000 | $223,000 |
| Loan Purchased By The Institution | 1 | $298,000 | $298,000 | $298,000 | $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 | 23 | $4,692,000 | $204,000 | $645,000 | $104,000 | $582,000 |
| Collateral | 20 | $3,420,000 | $171,000 | $475,000 | $121,000 | $273,000 |
| Credit History | 7 | $748,000 | $106,000 | $307,000 | $82,000 | $161,000 |
| Credit Application Incomplete | 1 | $210,000 | $210,000 | $210,000 | $77,000 | $77,000 |
| Other | 1 | $70,000 | $70,000 | $70,000 | $53,000 | $53,000 |
| Unverifiable Information | 1 | $170,000 | $170,000 | $170,000 | $44,000 | $44,000 |
| 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 2015 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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