First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2017
In 2017, First Hope Bank A National Banking Association of Hope, NJ reported 222 mortgage applications totaling $56.7 million, down 23% from 2016. The average application was for $255,468, and applicants reported an average income of $117,216. 69% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Newark, NJ-PA (80), New York-Jersey City-White Plains, NY-NJ (65) and Allentown-Bethlehem-Easton, PA-NJ (63) (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 | 222 |
| Total Mortgage Loan Application Amount | $56,714,000 |
| Average Mortgage Loan Application Amount | $255,468 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $117,216 |
| Highest Applicant Income | $1,347,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, NJ-PA | 80 | $ 20,007,000 | $ 250,087 | $ 105,737 |
| New York-Jersey City-White Plains, NY-NJ | 65 | $ 21,965,000 | $ 337,923 | $ 149,307 |
| Allentown-Bethlehem-Easton, PA-NJ | 63 | $ 9,403,000 | $ 149,253 | $ 96,904 |
| East Stroudsburg, PA | 2 | $ 394,000 | $ 197,000 | $ 65,000 |
| Camden, NJ | 1 | $ 410,000 | $ 410,000 | $ 259,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 155,000 | $ 155,000 | $ 46,000 |
| Homosassa Springs, FL | 1 | $ 107,000 | $ 107,000 | $ 167,000 |
| Kingston, NY | 1 | $ 118,000 | $ 118,000 | $ 71,000 |
| Lynchburg, VA | 1 | $ 173,000 | $ 173,000 | $ 117,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 325,000 | $ 325,000 | $ 98,000 |
| Nassau County-Suffolk County, NY | 1 | $ 600,000 | $ 600,000 | $ 108,000 |
| Port St. Lucie, FL | 1 | $ 60,000 | $ 60,000 | $ 138,000 |
| Salisbury, MD-DE | 1 | $ 213,000 | $ 213,000 | $ 189,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 278,000 | $ 278,000 | $ 148,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 183,000 | $ 183,000 | $ 251,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2017
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 | 102 | $28,896,000 | $283,000 | $2,500,000 | $126,000 | $1,347,000 |
| Refinancing | 75 | $21,925,000 | $292,000 | $2,323,000 | $118,000 | $442,000 |
| Home Improvement | 45 | $5,893,000 | $130,000 | $500,000 | $96,000 | $285,000 |
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 | 180 | $40,406,000 | $224,000 | $708,000 | $128,000 | $1,347,000 |
| Not applicable | 16 | $10,166,000 | $635,000 | $2,500,000 | $0 | $0 |
| Asian | 9 | $2,626,000 | $291,000 | $545,000 | $115,000 | $207,000 |
| Not Provided | 8 | $1,424,000 | $178,000 | $820,000 | $145,000 | $366,000 |
| Hispanic | 7 | $1,712,000 | $244,000 | $388,000 | $97,000 | $194,000 |
| Black or African American | 2 | $380,000 | $190,000 | $245,000 | $76,000 | $86,000 |
| 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) | 207 | $53,545,000 | $258,000 | $2,500,000 | $120,000 | $1,347,000 |
| FHA-insured (Federal Housing Administration) | 9 | $2,316,000 | $257,000 | $570,000 | $90,000 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $853,000 | $142,000 | $185,000 | $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 | 154 | $42,242,000 | $274,000 | $2,500,000 | $118,000 | $1,347,000 |
| Application Denied By Financial Institution | 24 | $4,724,000 | $196,000 | $708,000 | $130,000 | $537,000 |
| Application Withdrawn By Applicant | 20 | $3,604,000 | $180,000 | $396,000 | $89,000 | $187,000 |
| File Closed For Incompleteness | 12 | $2,368,000 | $197,000 | $410,000 | $103,000 | $259,000 |
| Application Approved But Not Accepted | 12 | $3,776,000 | $314,000 | $717,000 | $144,000 | $318,000 |
| 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 | 11 | $2,212,000 | $201,000 | $708,000 | $121,000 | $442,000 |
| Collateral | 8 | $1,552,000 | $194,000 | $352,000 | $154,000 | $537,000 |
| Credit History | 3 | $575,000 | $191,000 | $424,000 | $118,000 | $156,000 |
| Other | 1 | $182,000 | $182,000 | $182,000 | $141,000 | $141,000 |
| Unverifiable Information | 1 | $203,000 | $203,000 | $203,000 | $67,000 | $67,000 |
| Credit Application Incomplete | 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 2017 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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