First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2010
In 2010, First Hope Bank A National Banking Association of Hope, NJ reported 789 mortgage applications totaling $227.0 million, up 15% from 2009. The average application was for $287,667, and applicants reported an average income of $148,183. 70% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Newark-Union, NJ-PA (306), Edison-New Brunswick, NJ (158) and Allentown-Bethlehem-Easton, PA-NJ (126) (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 | 789 |
| Total Mortgage Loan Application Amount | $226,970,000 |
| Average Mortgage Loan Application Amount | $287,667 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $148,183 |
| Highest Applicant Income | $2,870,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 306 | $ 85,914,000 | $ 280,764 | $ 140,513 |
| Edison-New Brunswick, NJ | 158 | $ 51,413,000 | $ 325,398 | $ 162,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 126 | $ 23,176,000 | $ 183,936 | $ 98,476 |
| New York-White Plains-Wayne, NY-NJ | 95 | $ 39,336,000 | $ 414,063 | $ 198,778 |
| Trenton-Ewing, NJ | 16 | $ 5,380,000 | $ 336,250 | $ 152,000 |
| Camden, NJ | 12 | $ 2,864,000 | $ 238,666 | $ 95,000 |
| Nassau-Suffolk, NY | 12 | $ 3,807,000 | $ 317,250 | $ 124,000 |
| Philadelphia, PA | 10 | $ 2,729,000 | $ 272,900 | $ 116,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 4 | $ 911,000 | $ 227,750 | $ 114,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,109,000 | $ 277,250 | $ 119,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 594,000 | $ 198,000 | $ 70,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 971,000 | $ 323,666 | $ 259,000 |
| Winchester, VA-WV | 3 | $ 172,000 | $ 57,333 | $ 65,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 385,000 | $ 192,500 | $ 69,000 |
| New Haven-Milford, CT | 2 | $ 465,000 | $ 232,500 | $ 102,000 |
| Ocean City, NJ | 2 | $ 723,000 | $ 361,500 | $ 433,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 232,000 | $ 232,000 | $ 149,000 |
| Baltimore-Towson, MD | 1 | $ 176,000 | $ 176,000 | $ 212,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 524,000 | $ 524,000 | $ 372,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 308,000 | $ 308,000 | $ 80,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 180,000 | $ 180,000 | $ 147,000 |
| Harrisburg-Carlisle, PA | 1 | $ 78,000 | $ 78,000 | $ 187,000 |
| Harrisonburg, VA | 1 | $ 417,000 | $ 417,000 | $ 173,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 252,000 | $ 252,000 | $ 124,000 |
| Lancaster, PA | 1 | $ 44,000 | $ 44,000 | $ 145,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 150,000 | $ 150,000 | $ 148,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 112,000 | $ 112,000 | $ 44,000 |
| Pittsburgh, PA | 1 | $ 370,000 | $ 370,000 | $ 223,000 |
| Port St. Lucie, FL | 1 | $ 408,000 | $ 408,000 | $ 2,870,000 |
| Rochester, NY | 1 | $ 32,000 | $ 32,000 | $ 194,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 110,000 | $ 110,000 | $ 44,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 310,000 | $ 310,000 | $ 91,000 |
| Sebastian-Vero Beach, FL | 1 | $ 360,000 | $ 360,000 | $ 165,000 |
| Wilmington, DE-MD-NJ | 1 | $ 206,000 | $ 206,000 | $ 71,000 |
| Yuma, AZ | 1 | $ 317,000 | $ 317,000 | $ 391,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2010
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 | 605 | $179,205,000 | $296,000 | $2,000,000 | $149,000 | $2,870,000 |
| Home Purchase | 158 | $46,188,000 | $292,000 | $2,000,000 | $152,000 | $2,100,000 |
| Home Improvement | 26 | $1,577,000 | $60,000 | $325,000 | $106,000 | $224,000 |
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 | 550 | $147,689,000 | $268,000 | $2,000,000 | $153,000 | $2,870,000 |
| Asian | 123 | $42,990,000 | $349,000 | $705,000 | $139,000 | $374,000 |
| Not Provided | 97 | $28,838,000 | $297,000 | $1,950,000 | $139,000 | $756,000 |
| Black or African American | 9 | $2,908,000 | $323,000 | $530,000 | $124,000 | $368,000 |
| Hispanic | 8 | $2,128,000 | $266,000 | $378,000 | $97,000 | $224,000 |
| American Indian or Alaskan Native | 1 | $417,000 | $417,000 | $417,000 | $189,000 | $189,000 |
| Not applicable | 1 | $2,000,000 | $2,000,000 | $2,000,000 | $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) | 688 | $197,446,000 | $286,000 | $2,000,000 | $157,000 | $2,870,000 |
| FHA-insured (Federal Housing Administration) | 93 | $28,327,000 | $304,000 | $721,000 | $95,000 | $272,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 8 | $1,197,000 | $149,000 | $201,000 | $55,000 | $74,000 |
| 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 | 555 | $153,844,000 | $277,000 | $1,251,000 | $151,000 | $2,870,000 |
| Application Withdrawn By Applicant | 111 | $36,515,000 | $328,000 | $2,000,000 | $152,000 | $1,397,000 |
| Application Denied By Financial Institution | 94 | $28,661,000 | $304,000 | $2,000,000 | $133,000 | $1,571,000 |
| File Closed For Incompleteness | 17 | $4,621,000 | $271,000 | $496,000 | $119,000 | $241,000 |
| Application Approved But Not Accepted | 12 | $3,329,000 | $277,000 | $417,000 | $145,000 | $434,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 38 | $12,840,000 | $337,000 | $2,000,000 | $173,000 | $1,571,000 |
| Debt-To-Income Ratio | 28 | $7,611,000 | $271,000 | $925,000 | $86,000 | $236,000 |
| Credit Application Incomplete | 12 | $4,606,000 | $383,000 | $1,250,000 | $155,000 | $476,000 |
| Other | 12 | $2,957,000 | $246,000 | $404,000 | $112,000 | $212,000 |
| Credit History | 4 | $647,000 | $161,000 | $310,000 | $82,000 | $150,000 |
| 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 2010 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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