First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2006
In 2006, First Hope Bank A National Banking Association of Hope, NJ reported 332 mortgage applications totaling $39.9 million, up 4% from 2005. The average application was for $120,072, and applicants reported an average income of $119,795. 84% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Newark-Union, NJ-PA (160), Allentown-Bethlehem-Easton, PA-NJ (141) and Edison, NJ (11) (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 | 332 |
| Total Mortgage Loan Application Amount | $39,864,000 |
| Average Mortgage Loan Application Amount | $120,072 |
| Highest Mortgage Loan Application Amount | $1,375,000 |
| Average Applicant Income | $119,795 |
| Highest Applicant Income | $704,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Newark-Union, NJ-PA | 160 | $ 21,086,000 | $ 131,787 | $ 129,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 141 | $ 10,352,000 | $ 73,418 | $ 102,085 |
| Edison, NJ | 11 | $ 2,610,000 | $ 237,272 | $ 168,000 |
| New York-White Plains-Wayne, NY-NJ | 8 | $ 1,721,000 | $ 215,125 | $ 125,000 |
| Atlantic City, NJ | 4 | $ 2,565,000 | $ 641,250 | $ 238,000 |
| Binghamton, NY | 2 | $ 229,000 | $ 114,500 | $ 84,000 |
| Johnstown, PA | 1 | $ 30,000 | $ 30,000 | $ 48,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 212,000 | $ 212,000 | $ 199,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 570,000 | $ 570,000 | $ 178,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2006
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 | 153 | $20,106,000 | $131,000 | $1,375,000 | $119,000 | $704,000 |
| Home Improvement | 147 | $10,037,000 | $68,000 | $900,000 | $111,000 | $420,000 |
| Home Purchase | 32 | $9,721,000 | $303,000 | $1,325,000 | $164,000 | $540,000 |
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 | 311 | $37,156,000 | $119,000 | $1,375,000 | $119,000 | $704,000 |
| Asian | 9 | $1,631,000 | $181,000 | $429,000 | $144,000 | $219,000 |
| Hispanic | 6 | $370,000 | $61,000 | $185,000 | $99,000 | $139,000 |
| Not Provided | 4 | $582,000 | $145,000 | $212,000 | $173,000 | $217,000 |
| American Indian or Alaskan Native | 1 | $45,000 | $45,000 | $45,000 | $96,000 | $96,000 |
| Not applicable | 1 | $80,000 | $80,000 | $80,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 332 | $39,864,000 | $120,000 | $1,375,000 | $120,000 | $704,000 |
| 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 | 279 | $30,036,000 | $107,000 | $1,375,000 | $122,000 | $704,000 |
| Application Denied By Financial Institution | 23 | $2,292,000 | $99,000 | $408,000 | $87,000 | $186,000 |
| Application Approved But Not Accepted | 20 | $5,077,000 | $253,000 | $1,125,000 | $137,000 | $300,000 |
| Application Withdrawn By Applicant | 10 | $2,459,000 | $245,000 | $570,000 | $108,000 | $178,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 11 | $940,000 | $85,000 | $408,000 | $64,000 | $119,000 |
| Credit History | 5 | $485,000 | $97,000 | $225,000 | $73,000 | $101,000 |
| Other | 4 | $470,000 | $117,000 | $174,000 | $145,000 | $186,000 |
| Collateral | 3 | $397,000 | $132,000 | $225,000 | $119,000 | $125,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2006 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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