First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2022
In 2022, First Hope Bank A National Banking Association of Hope, NJ reported 189 mortgage applications totaling $46.3 million, down 41% from 2021. The average application was for $245,158, and applicants reported an average income of $144,291. 69% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Newark, NJ-PA (78), Allentown-Bethlehem-Easton, PA-NJ (59) and New York-Jersey City-White Plains, NY-NJ (19) (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 | 189 |
| Total Mortgage Loan Application Amount | $46,335,000 |
| Average Mortgage Loan Application Amount | $245,158 |
| Highest Mortgage Loan Application Amount | $4,025,000 |
| Average Applicant Income | $144,291 |
| Highest Applicant Income | $2,119,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 53 | $ 6,905,000 | $ 130,283 | $ 87,000 |
| Sussex, New Jersey | 51 | $ 8,275,000 | $ 162,254 | $ 133,000 |
| Morris, New Jersey | 18 | $ 4,060,000 | $ 225,555 | $ 134,000 |
| Richmond, New York | 10 | $ 3,900,000 | $ 390,000 | $ 121,000 |
| Ocean, New Jersey | 7 | $ 2,445,000 | $ 349,285 | $ 246,000 |
| Northampton, Pennsylvania | 6 | $ 960,000 | $ 160,000 | $ 117,000 |
| Bergen, New Jersey | 5 | $ 6,225,000 | $ 1,245,000 | $ 347,000 |
| Hunterdon, New Jersey | 4 | $ 820,000 | $ 205,000 | $ 154,000 |
| Horry, South Carolina | 4 | $ 1,280,000 | $ 320,000 | $ 133,000 |
| Cape May, New Jersey | 3 | $ 685,000 | $ 228,333 | $ 98,000 |
| Essex, New Jersey | 3 | $ 965,000 | $ 321,666 | $ 367,000 |
| Middlesex, New Jersey | 3 | $ 665,000 | $ 221,666 | $ 120,000 |
| Monmouth, New Jersey | 3 | $ 1,845,000 | $ 615,000 | $ 199,000 |
| Burlington, New Jersey | 2 | $ 510,000 | $ 255,000 | $ 0 |
| Passaic, New Jersey | 2 | $ 970,000 | $ 485,000 | $ 0 |
| Union, New Jersey | 2 | $ 540,000 | $ 270,000 | $ 452,000 |
| Suffolk, New York | 2 | $ 610,000 | $ 305,000 | $ 136,000 |
| Delaware, Pennsylvania | 2 | $ 240,000 | $ 120,000 | $ 173,000 |
| Monroe, Pennsylvania | 2 | $ 700,000 | $ 350,000 | $ 175,000 |
| Somerset, New Jersey | 1 | $ 365,000 | $ 365,000 | $ 130,000 |
| Columbia, New York | 1 | $ 415,000 | $ 415,000 | $ 336,000 |
| Kings, New York | 1 | $ 795,000 | $ 795,000 | $ 0 |
| Queens, New York | 1 | $ 385,000 | $ 385,000 | $ 62,000 |
| Lane, Oregon | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Dorchester, South Carolina | 1 | $ 165,000 | $ 165,000 | $ 41,000 |
| Windham, Vermont | 1 | $ 1,355,000 | $ 1,355,000 | $ 2,119,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2022
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 57 | $24,615,000 | $431,000 | $4,025,000 | $206,000 | $2,119,000 |
| Home Improvement | 52 | $3,470,000 | $66,000 | $305,000 | $119,000 | $254,000 |
| Refinancing | 43 | $11,095,000 | $258,000 | $805,000 | $116,000 | $347,000 |
| Other Purpose | 24 | $2,770,000 | $115,000 | $645,000 | $118,000 | $452,000 |
| Cash-out Refinancing | 13 | $4,385,000 | $337,000 | $555,000 | $117,000 | $231,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 124 | $26,940,000 | $217,000 | $1,355,000 | $142,000 | $2,119,000 |
| Not Provided | 29 | $3,525,000 | $121,000 | $495,000 | $135,000 | $452,000 |
| Not applicable | 19 | $11,415,000 | $600,000 | $4,025,000 | $0 | $0 |
| Hispanic | 13 | $3,625,000 | $278,000 | $1,145,000 | $148,000 | $570,000 |
| Asian | 2 | $350,000 | $175,000 | $335,000 | $80,000 | $81,000 |
| Black or African American | 1 | $365,000 | $365,000 | $365,000 | $98,000 | $98,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 189 | $46,335,000 | $245,000 | $4,025,000 | $140,000 | $2,119,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 130 | $33,220,000 | $255,000 | $4,025,000 | $153,000 | $2,119,000 |
| Application Denied By Financial Institution | 33 | $6,775,000 | $205,000 | $795,000 | $85,000 | $185,000 |
| Application Withdrawn By Applicant | 21 | $5,515,000 | $262,000 | $805,000 | $157,000 | $602,000 |
| Application Approved But Not Accepted | 4 | $800,000 | $200,000 | $325,000 | $102,000 | $171,000 |
| File Closed For Incompleteness | 1 | $25,000 | $25,000 | $25,000 | $101,000 | $101,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 156 | $39,560,000 | $253,000 | $4,025,000 | $152,000 | $2,119,000 |
| Debt-To-Income Ratio | 16 | $3,410,000 | $213,000 | $795,000 | $67,000 | $156,000 |
| Other | 8 | $2,010,000 | $251,000 | $385,000 | $113,000 | $185,000 |
| Collateral | 5 | $865,000 | $173,000 | $575,000 | $91,000 | $145,000 |
| Credit History | 3 | $285,000 | $95,000 | $115,000 | $79,000 | $136,000 |
| Credit Application Incomplete | 1 | $205,000 | $205,000 | $205,000 | $106,000 | $106,000 |
| 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 2022 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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