Firstrust Savings Bank Mortgage Lending & HMDA Data, 2022
In 2022, Firstrust Savings Bank of Horsham, PA reported 1,644 mortgage applications totaling $684.6 million, down 26% from 2021. The average application was for $416,423, and applicants reported an average income of $219,310. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Montgomery County-Bucks County-Chester County, PA (464), Philadelphia, PA (371) and Ocean City, NJ (123) (applications in parentheses).
| Mortgage Company & Address | Firstrust Savings Bank 1 Walnut Grove Drive Horsham, PA 19044 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 | 1,644 |
| Total Mortgage Loan Application Amount | $684,600,000 |
| Average Mortgage Loan Application Amount | $416,423 |
| Highest Mortgage Loan Application Amount | $2,595,000 |
| Average Applicant Income | $219,310 |
| Highest Applicant Income | $9,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Firstrust Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery County-Bucks County-Chester County, PA | 464 | $ 179,570,000 | $ 387,004 | $ 208,000 |
| Philadelphia, PA | 371 | $ 126,945,000 | $ 342,169 | $ 175,000 |
| Ocean City, NJ | 123 | $ 54,825,000 | $ 445,731 | $ 253,000 |
| New York-Newark, NY | 79 | $ 42,285,000 | $ 535,253 | $ 224,000 |
| Camden, NJ | 65 | $ 23,845,000 | $ 366,846 | $ 324,000 |
| Cambridge-Newton-Framingham, MA | 54 | $ 34,860,000 | $ 645,555 | $ 226,000 |
| Outside any metro area | 54 | $ 19,090,000 | $ 353,518 | $ 205,685 |
| Newark, NJ-PA | 51 | $ 29,375,000 | $ 575,980 | $ 240,470 |
| Allentown-Bethlehem-Easton, PA-NJ | 39 | $ 12,075,000 | $ 309,615 | $ 162,307 |
| Boston, MA | 33 | $ 21,055,000 | $ 638,030 | $ 261,000 |
| Worcester, MA-CT | 23 | $ 9,805,000 | $ 426,304 | $ 198,000 |
| Atlantic City-Hammonton, NJ | 19 | $ 10,945,000 | $ 576,052 | $ 602,000 |
| New York-Jersey City-White Plains, NY-NJ | 19 | $ 10,465,000 | $ 550,789 | $ 215,000 |
| Lancaster, PA | 18 | $ 4,600,000 | $ 255,555 | $ 145,000 |
| Naples-Immokalee-Marco Island, FL | 17 | $ 9,555,000 | $ 562,058 | $ 387,000 |
| Baltimore-Columbia-Towson, MD | 14 | $ 4,680,000 | $ 334,285 | $ 246,000 |
| Barnstable Town, MA | 14 | $ 6,490,000 | $ 463,571 | $ 251,000 |
| East Stroudsburg, PA | 14 | $ 3,720,000 | $ 265,714 | $ 289,000 |
| Trenton, NJ | 14 | $ 8,820,000 | $ 630,000 | $ 233,000 |
| Pittsburgh, PA | 13 | $ 5,265,000 | $ 405,000 | $ 168,000 |
| Manchester-Nashua, NH | 12 | $ 5,230,000 | $ 435,833 | $ 206,000 |
| Rockingham County-Strafford County, NH | 12 | $ 7,330,000 | $ 610,833 | $ 301,000 |
| Portland-South Portland, ME | 9 | $ 4,845,000 | $ 538,333 | $ 250,000 |
| North Port-Sarasota-Bradenton, FL | 8 | $ 4,360,000 | $ 545,000 | $ 285,000 |
| Wilmington, DE-MD-NJ | 8 | $ 2,780,000 | $ 347,500 | $ 151,000 |
| Reading, PA | 7 | $ 855,000 | $ 122,142 | $ 64,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 2,855,000 | $ 407,857 | $ 263,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 2,195,000 | $ 439,000 | $ 371,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 3,115,000 | $ 623,000 | $ 179,000 |
| Providence-Warwick, RI-MA | 5 | $ 2,305,000 | $ 461,000 | $ 156,800 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,605,000 | $ 321,000 | $ 181,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,290,000 | $ 322,500 | $ 190,000 |
| Salisbury, MD-DE | 4 | $ 1,900,000 | $ 475,000 | $ 228,500 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 2,835,000 | $ 945,000 | $ 338,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 995,000 | $ 331,666 | $ 132,000 |
| Gainesville, FL | 3 | $ 1,955,000 | $ 651,666 | $ 216,000 |
| New Haven-Milford, CT | 3 | $ 1,715,000 | $ 571,666 | $ 270,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 1,860,000 | $ 930,000 | $ 259,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,490,000 | $ 745,000 | $ 299,000 |
| Harrisburg-Carlisle, PA | 2 | $ 910,000 | $ 455,000 | $ 123,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 1,200,000 | $ 600,000 | $ 253,000 |
| Ocala, FL | 2 | $ 440,000 | $ 220,000 | $ 504,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 950,000 | $ 475,000 | $ 210,000 |
| Port St. Lucie, FL | 2 | $ 820,000 | $ 410,000 | $ 493,000 |
| Sebastian-Vero Beach, FL | 2 | $ 380,000 | $ 190,000 | $ 149,000 |
| York-Hanover, PA | 2 | $ 250,000 | $ 125,000 | $ 122,000 |
| Bangor, ME | 1 | $ 165,000 | $ 165,000 | $ 185,000 |
| Bloomington, IN | 1 | $ 355,000 | $ 355,000 | $ 82,000 |
| Charleston-North Charleston, SC | 1 | $ 275,000 | $ 275,000 | $ 117,000 |
| Chicago-Naperville, IL | 1 | $ 305,000 | $ 305,000 | $ 272,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 445,000 | $ 445,000 | $ 135,000 |
| Dover, DE | 1 | $ 85,000 | $ 85,000 | $ 47,000 |
| Glens Falls, NY | 1 | $ 605,000 | $ 605,000 | $ 212,000 |
| Greenville, NC | 1 | $ 125,000 | $ 125,000 | $ 200,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 465,000 | $ 465,000 | $ 285,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 235,000 | $ 235,000 | $ 150,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 225,000 | $ 225,000 | $ 595,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 925,000 | $ 925,000 | $ 537,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 425,000 | $ 425,000 | $ 150,000 |
| Johnstown, PA | 1 | $ 15,000 | $ 15,000 | $ 14,000 |
| Panama City, FL | 1 | $ 235,000 | $ 235,000 | $ 105,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 855,000 | $ 855,000 | $ 199,000 |
| Raleigh, NC | 1 | $ 675,000 | $ 675,000 | $ 182,000 |
| Richmond, VA | 1 | $ 875,000 | $ 875,000 | $ 281,000 |
| Roanoke, VA | 1 | $ 325,000 | $ 325,000 | $ 59,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 325,000 | $ 325,000 | $ 600,000 |
| State College, PA | 1 | $ 285,000 | $ 285,000 | $ 227,000 |
| Vineland-Bridgeton, NJ | 1 | $ 215,000 | $ 215,000 | $ 46,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 405,000 | $ 405,000 | $ 251,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 385,000 | $ 385,000 | $ 120,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 635,000 | $ 635,000 | $ 181,000 |
Mortgage Loan Application Detail Totals for Firstrust Savings Bank in 2022
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 | 1,217 | $541,285,000 | $444,000 | $1,575,000 | $222,000 | $9,600,000 |
| Cash-out Refinancing | 186 | $82,200,000 | $441,000 | $2,505,000 | $242,000 | $4,675,000 |
| Refinancing | 107 | $41,595,000 | $388,000 | $2,595,000 | $185,000 | $1,019,000 |
| Other Purpose | 68 | $12,150,000 | $178,000 | $645,000 | $210,000 | $1,038,000 |
| Home Improvement | 66 | $7,370,000 | $111,000 | $495,000 | $171,000 | $383,000 |
| 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 | 1,071 | $453,285,000 | $423,000 | $2,595,000 | $240,000 | $9,600,000 |
| Asian | 203 | $102,685,000 | $505,000 | $1,315,000 | $200,000 | $726,000 |
| Not Provided | 180 | $76,400,000 | $424,000 | $1,275,000 | $227,000 | $3,600,000 |
| Hispanic | 107 | $24,085,000 | $225,000 | $905,000 | $88,000 | $577,000 |
| Black or African American | 60 | $17,170,000 | $286,000 | $975,000 | $131,000 | $967,000 |
| Not applicable | 8 | $2,460,000 | $307,000 | $455,000 | $113,000 | $195,000 |
| American Indian or Alaskan Native | 2 | $340,000 | $170,000 | $325,000 | $63,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,490,000 | $745,000 | $1,005,000 | $362,000 | $506,000 |
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) | 1,608 | $676,180,000 | $420,000 | $2,595,000 | $222,000 | $9,600,000 |
| FHA-insured (Federal Housing Administration) | 31 | $6,875,000 | $221,000 | $465,000 | $70,000 | $169,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,545,000 | $309,000 | $425,000 | $109,000 | $172,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,186 | $508,040,000 | $428,000 | $2,595,000 | $217,000 | $4,675,000 |
| Application Denied By Financial Institution | 121 | $35,555,000 | $293,000 | $1,275,000 | $134,000 | $1,010,000 |
| File Closed For Incompleteness | 109 | $51,525,000 | $472,000 | $1,485,000 | $247,000 | $3,960,000 |
| Application Withdrawn By Applicant | 105 | $35,305,000 | $336,000 | $1,445,000 | $333,000 | $9,600,000 |
| Application Approved But Not Accepted | 102 | $46,880,000 | $459,000 | $1,115,000 | $212,000 | $1,243,000 |
| Loan Purchased By The Institution | 21 | $7,295,000 | $347,000 | $1,015,000 | $138,000 | $500,000 |
| 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 | 1,523 | $649,045,000 | $426,000 | $2,595,000 | $226,000 | $9,600,000 |
| Debt-To-Income Ratio | 59 | $17,065,000 | $289,000 | $1,275,000 | $98,000 | $318,000 |
| Collateral | 27 | $9,155,000 | $339,000 | $1,185,000 | $208,000 | $1,010,000 |
| Credit History | 16 | $3,220,000 | $201,000 | $885,000 | $144,000 | $335,000 |
| Other | 11 | $3,775,000 | $343,000 | $845,000 | $169,000 | $286,000 |
| Employment History | 3 | $825,000 | $275,000 | $305,000 | $75,000 | $136,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,025,000 | $341,000 | $635,000 | $105,000 | $195,000 |
| Unverifiable Information | 2 | $490,000 | $245,000 | $295,000 | $78,000 | $92,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Firstrust Savings Bank's 2022 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 Firstrust Savings 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.
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