First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2020
In 2020, First Hope Bank A National Banking Association of Hope, NJ reported 341 mortgage applications totaling $94.5 million, up 60% from 2019. The average application was for $277,199, and applicants reported an average income of $142,439. 76% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Newark, NJ-PA (130), Allentown-Bethlehem-Easton, PA-NJ (95) and New York-Jersey City-White Plains, NY-NJ (57) (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 | 341 |
| Total Mortgage Loan Application Amount | $94,525,000 |
| Average Mortgage Loan Application Amount | $277,199 |
| Highest Mortgage Loan Application Amount | $3,305,000 |
| Average Applicant Income | $142,439 |
| Highest Applicant Income | $1,553,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 130 | $ 30,610,000 | $ 235,461 | $ 156,015 |
| Allentown-Bethlehem-Easton, PA-NJ | 95 | $ 16,155,000 | $ 170,052 | $ 115,894 |
| New York-Jersey City-White Plains, NY-NJ | 57 | $ 26,335,000 | $ 462,017 | $ 121,263 |
| New York-Newark, NY | 23 | $ 10,615,000 | $ 461,521 | $ 219,000 |
| Nassau County-Suffolk County, NY | 7 | $ 2,765,000 | $ 395,000 | $ 169,000 |
| East Stroudsburg, PA | 6 | $ 1,020,000 | $ 170,000 | $ 90,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 795,000 | $ 265,000 | $ 71,000 |
| Camden, NJ | 2 | $ 560,000 | $ 280,000 | $ 277,000 |
| Durham-Chapel Hill, NC | 2 | $ 550,000 | $ 275,000 | $ 150,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 510,000 | $ 255,000 | $ 102,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 280,000 | $ 140,000 | $ 95,000 |
| Barnstable Town, MA | 1 | $ 515,000 | $ 515,000 | $ 345,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 145,000 | $ 145,000 | $ 27,000 |
| Jacksonville, FL | 1 | $ 105,000 | $ 105,000 | $ 304,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 485,000 | $ 485,000 | $ 296,000 |
| Outside any metro area | 1 | $ 365,000 | $ 365,000 | $ 210,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 315,000 | $ 315,000 | $ 156,000 |
| New Haven-Milford, CT | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
| Ocean City, NJ | 1 | $ 175,000 | $ 175,000 | $ 93,000 |
| Philadelphia, PA | 1 | $ 105,000 | $ 105,000 | $ 90,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 1,205,000 | $ 1,205,000 | $ 0 |
| Trenton, NJ | 1 | $ 205,000 | $ 205,000 | $ 186,000 |
| Wilmington, DE-MD-NJ | 1 | $ 485,000 | $ 485,000 | $ 213,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2020
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 | 200 | $57,200,000 | $286,000 | $3,305,000 | $144,000 | $544,000 |
| Home Purchase | 63 | $19,075,000 | $302,000 | $1,005,000 | $160,000 | $1,553,000 |
| Cash-out Refinancing | 40 | $11,790,000 | $294,000 | $605,000 | $140,000 | $427,000 |
| Home Improvement | 22 | $1,780,000 | $80,000 | $455,000 | $122,000 | $256,000 |
| Other Purpose | 16 | $4,680,000 | $292,000 | $2,605,000 | $88,000 | $218,000 |
| 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 | 290 | $75,180,000 | $259,000 | $1,005,000 | $143,000 | $1,553,000 |
| Not Provided | 15 | $2,555,000 | $170,000 | $515,000 | $133,000 | $252,000 |
| Asian | 12 | $4,120,000 | $343,000 | $715,000 | $166,000 | $544,000 |
| Hispanic | 11 | $3,015,000 | $274,000 | $425,000 | $133,000 | $471,000 |
| Not applicable | 8 | $8,000,000 | $1,000,000 | $3,305,000 | $0 | $0 |
| Black or African American | 4 | $1,490,000 | $372,000 | $645,000 | $94,000 | $112,000 |
| American Indian or Alaskan Native | 1 | $165,000 | $165,000 | $165,000 | $54,000 | $54,000 |
| 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) | 336 | $92,940,000 | $276,000 | $3,305,000 | $143,000 | $1,553,000 |
| FHA-insured (Federal Housing Administration) | 5 | $1,585,000 | $317,000 | $475,000 | $105,000 | $134,000 |
| 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 | 260 | $71,610,000 | $275,000 | $2,605,000 | $148,000 | $1,553,000 |
| Application Denied By Financial Institution | 41 | $13,555,000 | $330,000 | $3,305,000 | $125,000 | $544,000 |
| Application Withdrawn By Applicant | 25 | $6,505,000 | $260,000 | $1,205,000 | $128,000 | $345,000 |
| Application Approved But Not Accepted | 13 | $2,425,000 | $186,000 | $485,000 | $112,000 | $182,000 |
| File Closed For Incompleteness | 2 | $430,000 | $215,000 | $395,000 | $104,000 | $163,000 |
| 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 | 300 | $80,970,000 | $269,000 | $2,605,000 | $145,000 | $1,553,000 |
| Other | 9 | $2,925,000 | $325,000 | $515,000 | $110,000 | $176,000 |
| Debt-To-Income Ratio | 9 | $1,885,000 | $209,000 | $385,000 | $89,000 | $182,000 |
| Credit Application Incomplete | 8 | $4,550,000 | $568,000 | $3,305,000 | $154,000 | $254,000 |
| Credit History | 7 | $1,775,000 | $253,000 | $605,000 | $123,000 | $152,000 |
| Collateral | 6 | $1,430,000 | $238,000 | $715,000 | $166,000 | $544,000 |
| Employment History | 1 | $475,000 | $475,000 | $475,000 | $154,000 | $154,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $515,000 | $515,000 | $515,000 | $88,000 | $88,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Hope Bank A National Banking Association's 2020 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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