First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2016
In 2016, First Hope Bank A National Banking Association of Hope, NJ reported 287 mortgage applications totaling $79.8 million, up 7% from 2015. The average application was for $278,059, and applicants reported an average income of $122,982. 71% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Newark, NJ-PA (126), Allentown-Bethlehem-Easton, PA-NJ (78) and New York-Jersey City-White Plains, NY-NJ (59) (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 | 287 |
| Total Mortgage Loan Application Amount | $79,803,000 |
| Average Mortgage Loan Application Amount | $278,059 |
| Highest Mortgage Loan Application Amount | $8,000,000 |
| Average Applicant Income | $122,982 |
| Highest Applicant Income | $624,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 80 | $ 15,155,000 | $ 189,437 | $ 129,000 |
| Warren, New Jersey | 73 | $ 12,587,000 | $ 172,424 | $ 109,000 |
| Morris, New Jersey | 31 | $ 7,764,000 | $ 250,451 | $ 117,000 |
| Richmond, New York | 26 | $ 11,479,000 | $ 441,500 | $ 96,000 |
| Monmouth, New Jersey | 12 | $ 4,718,000 | $ 393,166 | $ 174,000 |
| Essex, New Jersey | 7 | $ 5,091,000 | $ 727,285 | $ 187,000 |
| Bergen, New Jersey | 6 | $ 2,006,000 | $ 334,333 | $ 193,000 |
| Ocean, New Jersey | 6 | $ 1,035,000 | $ 172,500 | $ 217,000 |
| Union, New Jersey | 5 | $ 2,103,000 | $ 420,600 | $ 97,000 |
| Middlesex, New Jersey | 4 | $ 1,407,000 | $ 351,750 | $ 146,000 |
| Lehigh, Pennsylvania | 4 | $ 492,000 | $ 123,000 | $ 33,000 |
| Monroe, Pennsylvania | 4 | $ 169,000 | $ 42,250 | $ 39,000 |
| Hunterdon, New Jersey | 3 | $ 524,000 | $ 174,666 | $ 171,000 |
| Kings, New York | 2 | $ 8,534,000 | $ 4,267,000 | $ 52,000 |
| Ulster, New York | 2 | $ 300,000 | $ 150,000 | $ 65,000 |
| Mecklenburg, North Carolina | 2 | $ 362,000 | $ 181,000 | $ 54,000 |
| Charlotte, Florida | 1 | $ 220,000 | $ 220,000 | $ 90,000 |
| Lee, Florida | 1 | $ 130,000 | $ 130,000 | $ 45,000 |
| Osceola, Florida | 1 | $ 171,000 | $ 171,000 | $ 70,000 |
| Seminole, Florida | 1 | $ 270,000 | $ 270,000 | $ 73,000 |
| Volusia, Florida | 1 | $ 417,000 | $ 417,000 | $ 315,000 |
| Cumberland, Maine | 1 | $ 220,000 | $ 220,000 | $ 170,000 |
| Hudson, New Jersey | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Mercer, New Jersey | 1 | $ 226,000 | $ 226,000 | $ 100,000 |
| Nassau, New York | 1 | $ 320,000 | $ 320,000 | $ 134,000 |
| Queens, New York | 1 | $ 830,000 | $ 830,000 | $ 0 |
| Westchester, New York | 1 | $ 621,000 | $ 621,000 | $ 311,000 |
| Dare, North Carolina | 1 | $ 275,000 | $ 275,000 | $ 219,000 |
| Davie, North Carolina | 1 | $ 50,000 | $ 50,000 | $ 289,000 |
| Northampton, Pennsylvania | 1 | $ 260,000 | $ 260,000 | $ 231,000 |
| Berkeley, South Carolina | 1 | $ 192,000 | $ 192,000 | $ 77,000 |
| Harris, Texas | 1 | $ 275,000 | $ 275,000 | $ 89,000 |
| Fairfax, Virginia | 1 | $ 390,000 | $ 390,000 | $ 104,000 |
| Stafford, Virginia | 1 | $ 165,000 | $ 165,000 | $ 66,000 |
| Pierce, Washington | 1 | $ 360,000 | $ 360,000 | $ 324,000 |
| Whatcom, Washington | 1 | $ 350,000 | $ 350,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2016
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 | $32,656,000 | $274,000 | $2,033,000 | $120,000 | $364,000 |
| Home Purchase | 104 | $37,000,000 | $355,000 | $8,000,000 | $119,000 | $624,000 |
| Home Improvement | 64 | $10,147,000 | $158,000 | $1,375,000 | $135,000 | $614,000 |
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 | 243 | $55,429,000 | $228,000 | $648,000 | $122,000 | $364,000 |
| Not applicable | 14 | $17,465,000 | $1,247,000 | $8,000,000 | $0 | $0 |
| Not Provided | 11 | $1,087,000 | $98,000 | $344,000 | $136,000 | $279,000 |
| Hispanic | 8 | $2,311,000 | $288,000 | $436,000 | $238,000 | $624,000 |
| Asian | 7 | $2,621,000 | $374,000 | $1,375,000 | $269,000 | $614,000 |
| Black or African American | 3 | $855,000 | $285,000 | $363,000 | $92,000 | $154,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $35,000 | $35,000 | $35,000 | $110,000 | $110,000 |
| 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) | 260 | $70,913,000 | $272,000 | $8,000,000 | $125,000 | $624,000 |
| FHA-insured (Federal Housing Administration) | 24 | $8,349,000 | $347,000 | $648,000 | $103,000 | $193,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $541,000 | $180,000 | $216,000 | $63,000 | $75,000 |
| 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 | 205 | $48,501,000 | $236,000 | $1,375,000 | $130,000 | $624,000 |
| Application Denied By Financial Institution | 34 | $9,245,000 | $271,000 | $2,033,000 | $90,000 | $334,000 |
| Application Withdrawn By Applicant | 22 | $5,190,000 | $235,000 | $520,000 | $138,000 | $303,000 |
| Application Approved But Not Accepted | 18 | $15,355,000 | $853,000 | $8,000,000 | $104,000 | $269,000 |
| File Closed For Incompleteness | 8 | $1,512,000 | $189,000 | $410,000 | $86,000 | $142,000 |
| 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 | 15 | $2,882,000 | $192,000 | $560,000 | $80,000 | $213,000 |
| Collateral | 12 | $2,720,000 | $226,000 | $548,000 | $119,000 | $334,000 |
| Credit History | 3 | $995,000 | $331,000 | $830,000 | $60,000 | $116,000 |
| Other | 2 | $2,209,000 | $1,104,000 | $2,033,000 | $37,000 | $75,000 |
| Unverifiable Information | 1 | $289,000 | $289,000 | $289,000 | $122,000 | $122,000 |
| Credit Application Incomplete | 1 | $150,000 | $150,000 | $150,000 | $64,000 | $64,000 |
| 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 2016 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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