First Priority Bank Mortgage Lending & HMDA Data, 2017
In 2017, First Priority Bank of Malvern, PA reported 159 mortgage applications totaling $58.4 million, up 9% from 2016. The average application was for $367,534, and applicants reported an average income of $165,842. 55% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Philadelphia, PA (37), Montgomery County-Bucks County-Chester County, PA (34) and Pittsburgh, PA (34) (applications in parentheses).
| Mortgage Company & Address | First Priority Bank 2 W. Liberty Blvd, Suite 104 Malvern, PA 19355 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 159 |
| Total Mortgage Loan Application Amount | $58,438,000 |
| Average Mortgage Loan Application Amount | $367,534 |
| Highest Mortgage Loan Application Amount | $2,625,000 |
| Average Applicant Income | $165,842 |
| Highest Applicant Income | $2,177,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Priority Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Philadelphia, PA | 37 | $ 19,041,000 | $ 514,621 | $ 151,000 |
| Montgomery County-Bucks County-Chester County, PA | 34 | $ 13,494,000 | $ 396,882 | $ 225,000 |
| Pittsburgh, PA | 34 | $ 6,804,000 | $ 200,117 | $ 0 |
| Reading, PA | 21 | $ 3,699,000 | $ 176,142 | $ 84,000 |
| Ocean City, NJ | 11 | $ 3,825,000 | $ 347,727 | $ 123,000 |
| New York-Jersey City-White Plains, NY-NJ | 5 | $ 4,375,000 | $ 875,000 | $ 440,000 |
| Lancaster, PA | 3 | $ 442,000 | $ 147,333 | $ 51,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 2,125,000 | $ 1,062,500 | $ 1,156,000 |
| Camden, NJ | 2 | $ 595,000 | $ 297,500 | $ 206,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 529,000 | $ 529,000 | $ 0 |
| Barnstable Town, MA | 1 | $ 780,000 | $ 780,000 | $ 741,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 368,000 | $ 368,000 | $ 158,000 |
| Salisbury, MD-DE | 1 | $ 1,068,000 | $ 1,068,000 | $ 1,320,000 |
| Trenton, NJ | 1 | $ 78,000 | $ 78,000 | $ 388,000 |
| York-Hanover, PA | 1 | $ 380,000 | $ 380,000 | $ 295,000 |
Mortgage Loan Application Detail Totals for First Priority Bank 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 | 100 | $38,336,000 | $383,000 | $2,025,000 | $202,000 | $2,177,000 |
| Refinancing | 48 | $17,356,000 | $361,000 | $2,625,000 | $115,000 | $906,000 |
| Home Improvement | 11 | $2,746,000 | $249,000 | $825,000 | $59,000 | $206,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 85 | $26,297,000 | $309,000 | $2,625,000 | $0 | $0 |
| White | 66 | $28,009,000 | $424,000 | $2,025,000 | $319,000 | $1,802,000 |
| Not Provided | 3 | $3,335,000 | $1,111,000 | $1,580,000 | $1,159,000 | $2,177,000 |
| Asian | 3 | $573,000 | $191,000 | $400,000 | $568,000 | $904,000 |
| Hispanic | 2 | $224,000 | $112,000 | $164,000 | $91,000 | $108,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 159 | $58,438,000 | $367,000 | $2,625,000 | $166,000 | $2,177,000 |
| 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 | 87 | $34,898,000 | $401,000 | $2,625,000 | $252,000 | $1,802,000 |
| Loan Purchased By The Institution | 55 | $15,811,000 | $287,000 | $707,000 | $0 | $0 |
| Application Withdrawn By Applicant | 11 | $5,132,000 | $466,000 | $1,250,000 | $186,000 | $474,000 |
| Application Denied By Financial Institution | 5 | $1,017,000 | $203,000 | $500,000 | $44,000 | $81,000 |
| Application Approved But Not Accepted | 1 | $1,580,000 | $1,580,000 | $1,580,000 | $2,177,000 | $2,177,000 |
| File Closed For Incompleteness | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Priority Bank'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 Priority Bank'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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