First Hope Bank A National Banking Association Mortgage Lending & HMDA Data, 2021
In 2021, First Hope Bank A National Banking Association of Hope, NJ reported 318 mortgage applications totaling $81.2 million, down 7% from 2020. The average application was for $255,408, and applicants reported an average income of $142,905. 80% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Newark, NJ-PA (106), Allentown-Bethlehem-Easton, PA-NJ (97) and New York-Jersey City-White Plains, NY-NJ (62) (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 | 318 |
| Total Mortgage Loan Application Amount | $81,220,000 |
| Average Mortgage Loan Application Amount | $255,408 |
| Highest Mortgage Loan Application Amount | $1,965,000 |
| Average Applicant Income | $142,905 |
| Highest Applicant Income | $903,000 |
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Bank A National Banking Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 106 | $ 22,390,000 | $ 211,226 | $ 145,886 |
| Allentown-Bethlehem-Easton, PA-NJ | 97 | $ 15,895,000 | $ 163,865 | $ 134,680 |
| New York-Jersey City-White Plains, NY-NJ | 62 | $ 27,590,000 | $ 445,000 | $ 137,451 |
| New York-Newark, NY | 29 | $ 8,275,000 | $ 285,344 | $ 126,000 |
| East Stroudsburg, PA | 3 | $ 315,000 | $ 105,000 | $ 100,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 440,000 | $ 220,000 | $ 71,000 |
| Nassau County-Suffolk County, NY | 2 | $ 740,000 | $ 370,000 | $ 136,000 |
| Trenton, NJ | 2 | $ 340,000 | $ 170,000 | $ 94,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 1,290,000 | $ 645,000 | $ 535,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 225,000 | $ 225,000 | $ 110,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 435,000 | $ 435,000 | $ 249,000 |
| Camden, NJ | 1 | $ 245,000 | $ 245,000 | $ 262,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Dallas-Plano-Irving, TX | 1 | $ 235,000 | $ 235,000 | $ 259,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Jacksonville, FL | 1 | $ 305,000 | $ 305,000 | $ 476,000 |
| Outside any metro area | 1 | $ 105,000 | $ 105,000 | $ 141,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 905,000 | $ 905,000 | $ 819,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 285,000 | $ 285,000 | $ 113,000 |
| Philadelphia, PA | 1 | $ 185,000 | $ 185,000 | $ 47,000 |
| San Antonio-New Braunfels, TX | 1 | $ 415,000 | $ 415,000 | $ 191,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 165,000 | $ 165,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for First Hope Bank A National Banking Association in 2021
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 | 147 | $41,955,000 | $285,000 | $1,965,000 | $152,000 | $903,000 |
| Cash-out Refinancing | 54 | $15,190,000 | $281,000 | $545,000 | $127,000 | $310,000 |
| Home Purchase | 52 | $18,860,000 | $362,000 | $775,000 | $131,000 | $468,000 |
| Home Improvement | 48 | $4,000,000 | $83,000 | $735,000 | $149,000 | $434,000 |
| Other Purpose | 17 | $1,215,000 | $71,000 | $205,000 | $134,000 | $301,000 |
| 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 | 242 | $56,200,000 | $232,000 | $1,135,000 | $143,000 | $903,000 |
| Not Provided | 25 | $3,945,000 | $157,000 | $735,000 | $154,000 | $434,000 |
| Not applicable | 19 | $10,875,000 | $572,000 | $1,965,000 | $0 | $0 |
| Asian | 13 | $3,805,000 | $292,000 | $725,000 | $129,000 | $220,000 |
| Hispanic | 12 | $3,840,000 | $320,000 | $545,000 | $132,000 | $273,000 |
| Black or African American | 6 | $2,310,000 | $385,000 | $545,000 | $155,000 | $259,000 |
| American Indian or Alaskan Native | 1 | $245,000 | $245,000 | $245,000 | $262,000 | $262,000 |
| 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) | 315 | $79,965,000 | $253,000 | $1,965,000 | $143,000 | $903,000 |
| FHA-insured (Federal Housing Administration) | 3 | $1,255,000 | $418,000 | $515,000 | $114,000 | $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 | 255 | $65,685,000 | $257,000 | $1,965,000 | $146,000 | $903,000 |
| Application Denied By Financial Institution | 33 | $8,295,000 | $251,000 | $895,000 | $122,000 | $301,000 |
| Application Withdrawn By Applicant | 21 | $3,775,000 | $179,000 | $405,000 | $125,000 | $434,000 |
| File Closed For Incompleteness | 6 | $1,440,000 | $240,000 | $405,000 | $194,000 | $642,000 |
| Application Approved But Not Accepted | 3 | $2,025,000 | $675,000 | $1,505,000 | $121,000 | $143,000 |
| 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 | 285 | $72,925,000 | $255,000 | $1,965,000 | $145,000 | $903,000 |
| Debt-To-Income Ratio | 15 | $5,055,000 | $337,000 | $895,000 | $75,000 | $153,000 |
| Credit Application Incomplete | 5 | $505,000 | $101,000 | $205,000 | $152,000 | $217,000 |
| Credit History | 5 | $1,035,000 | $207,000 | $465,000 | $179,000 | $301,000 |
| Other | 4 | $1,350,000 | $337,000 | $455,000 | $154,000 | $225,000 |
| Collateral | 4 | $350,000 | $87,000 | $115,000 | $114,000 | $183,000 |
| 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 2021 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
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