Hanover Community Bank Mortgage Lending & HMDA Data, 2016
In 2016, Hanover Community Bank of Mineola, NY reported 319 mortgage applications totaling $197.1 million, down 15% from 2015. The average application was for $617,952, and applicants reported an average income of $92,385. 65% of its applications resulted in an originated loan and 13% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (299) and Nassau County-Suffolk County, NY (20).
| Mortgage Company & Address | Hanover Community Bank 80 East Jericho Turnpike Mineola, NY 11501 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 |
| Total Number of Mortgage Applications | 319 |
| Total Mortgage Loan Application Amount | $197,127,000 |
| Average Mortgage Loan Application Amount | $617,952 |
| Highest Mortgage Loan Application Amount | $5,750,000 |
| Average Applicant Income | $92,385 |
| Highest Applicant Income | $1,440,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hanover Community Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 299 | $ 187,635,000 | $ 627,541 | $ 90,000 |
| Nassau County-Suffolk County, NY | 20 | $ 9,492,000 | $ 474,600 | $ 123,000 |
Mortgage Loan Application Detail Totals for Hanover Community Bank in 2016
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 | 274 | $160,231,000 | $584,000 | $5,500,000 | $86,000 | $1,440,000 |
| Refinancing | 44 | $36,116,000 | $820,000 | $5,750,000 | $126,000 | $1,228,000 |
| Home Improvement | 1 | $780,000 | $780,000 | $780,000 | $363,000 | $363,000 |
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 |
|---|---|---|---|---|---|---|
| Asian | 204 | $105,811,000 | $518,000 | $1,800,000 | $96,000 | $711,000 |
| Not applicable | 61 | $58,243,000 | $954,000 | $5,750,000 | $0 | $0 |
| White | 38 | $25,597,000 | $673,000 | $1,625,000 | $208,000 | $1,440,000 |
| Hispanic | 10 | $3,735,000 | $373,000 | $784,000 | $129,000 | $332,000 |
| Black or African American | 6 | $3,741,000 | $623,000 | $1,575,000 | $121,000 | $274,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 319 | $197,127,000 | $617,000 | $5,750,000 | $92,000 | $1,440,000 |
| 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 | 206 | $122,042,000 | $592,000 | $5,500,000 | $72,000 | $447,000 |
| Application Denied By Financial Institution | 41 | $31,557,000 | $769,000 | $5,750,000 | $120,000 | $1,228,000 |
| Application Approved But Not Accepted | 34 | $19,434,000 | $571,000 | $1,575,000 | $133,000 | $711,000 |
| File Closed For Incompleteness | 22 | $13,861,000 | $630,000 | $1,625,000 | $173,000 | $1,440,000 |
| Application Withdrawn By Applicant | 16 | $10,233,000 | $639,000 | $2,000,000 | $82,000 | $235,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 19 | $19,718,000 | $1,037,000 | $5,750,000 | $77,000 | $144,000 |
| Collateral | 13 | $6,261,000 | $481,000 | $900,000 | $82,000 | $199,000 |
| Debt-To-Income Ratio | 3 | $2,671,000 | $890,000 | $968,000 | $595,000 | $1,228,000 |
| Other | 2 | $574,000 | $287,000 | $360,000 | $63,000 | $84,000 |
| Unverifiable Information | 1 | $615,000 | $615,000 | $615,000 | $13,000 | $13,000 |
| Employment History | 1 | $499,000 | $499,000 | $499,000 | $96,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hanover Community Bank's 2016 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 Hanover Community 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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with aggregated HMDA statistics today.
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