Kearny Bank Mortgage Lending & HMDA Data, 2023
In 2023, Kearny Bank of Fairfield, NJ reported 758 mortgage applications totaling $386.7 million, down 47% from 2022. The average application was for $510,118, and applicants reported an average income of $206,940. 57% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (228), Newark, NJ-PA (183) and New York-Newark, NY (165) (applications in parentheses).
| Mortgage Company & Address | Kearny Bank 120 Passaic Avenue Fairfield, NJ 07004 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 758 |
| Total Mortgage Loan Application Amount | $386,670,000 |
| Average Mortgage Loan Application Amount | $510,118 |
| Highest Mortgage Loan Application Amount | $8,505,000 |
| Average Applicant Income | $206,940 |
| Highest Applicant Income | $2,220,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Kearny Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 228 | $ 137,430,000 | $ 602,763 | $ 208,368 |
| Newark, NJ-PA | 183 | $ 91,085,000 | $ 497,732 | $ 204,000 |
| New York-Newark, NY | 165 | $ 73,525,000 | $ 445,606 | $ 211,000 |
| Nassau County-Suffolk County, NY | 44 | $ 25,860,000 | $ 587,727 | $ 622,000 |
| Outside any metro area | 16 | $ 3,890,000 | $ 243,125 | $ 295,000 |
| Camden, NJ | 9 | $ 2,535,000 | $ 281,666 | $ 115,000 |
| Trenton, NJ | 9 | $ 3,605,000 | $ 400,555 | $ 187,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 7 | $ 3,545,000 | $ 506,428 | $ 83,428 |
| Philadelphia, PA | 6 | $ 11,610,000 | $ 1,935,000 | $ 595,000 |
| Chicago-Naperville, IL | 4 | $ 1,140,000 | $ 285,000 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 4 | $ 1,840,000 | $ 460,000 | $ 191,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 990,000 | $ 247,500 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,380,000 | $ 345,000 | $ 138,500 |
| Albuquerque, NM | 3 | $ 755,000 | $ 251,666 | $ 0 |
| Atlantic City-Hammonton, NJ | 3 | $ 955,000 | $ 318,333 | $ 85,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 935,000 | $ 311,666 | $ 156,000 |
| Dallas-Plano-Irving, TX | 3 | $ 1,055,000 | $ 351,666 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 3 | $ 1,875,000 | $ 625,000 | $ 143,000 |
| Ocean City, NJ | 3 | $ 945,000 | $ 315,000 | $ 332,000 |
| Austin-Round Rock, TX | 2 | $ 960,000 | $ 480,000 | $ 0 |
| Billings, MT | 2 | $ 460,000 | $ 230,000 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 410,000 | $ 205,000 | $ 0 |
| Jacksonville, FL | 2 | $ 1,060,000 | $ 530,000 | $ 199,000 |
| Kansas City, MO-KS | 2 | $ 450,000 | $ 225,000 | $ 0 |
| Richmond, VA | 2 | $ 560,000 | $ 280,000 | $ 65,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 500,000 | $ 250,000 | $ 0 |
| Altoona, PA | 1 | $ 165,000 | $ 165,000 | $ 147,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Baltimore-Columbia-Towson, MD | 1 | $ 125,000 | $ 125,000 | $ 59,000 |
| Barnstable Town, MA | 1 | $ 505,000 | $ 505,000 | $ 530,000 |
| Binghamton, NY | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Birmingham-Hoover, AL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Bloomsburg-Berwick, PA | 1 | $ 6,755,000 | $ 6,755,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Canton-Massillon, OH | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 265,000 | $ 265,000 | $ 87,000 |
| Cincinnati, OH-KY-IN | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Cleveland-Elyria, OH | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Columbia, SC | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Columbus, OH | 1 | $ 405,000 | $ 405,000 | $ 137,000 |
| Dayton-Springfield-Kettering, OH | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Elgin, IL | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Gainesville, GA | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Greeley, CO | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 175,000 | $ 175,000 | $ 83,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 315,000 | $ 315,000 | $ 144,000 |
| Kingston, NY | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Lancaster, PA | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Morristown, TN | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Providence-Warwick, RI-MA | 1 | $ 185,000 | $ 185,000 | $ 270,000 |
| Raleigh, NC | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Roanoke, VA | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Salisbury, MD-DE | 1 | $ 195,000 | $ 195,000 | $ 169,000 |
| San Antonio-New Braunfels, TX | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 125,000 | $ 125,000 | $ 121,000 |
| Syracuse, NY | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 355,000 | $ 355,000 | $ 132,000 |
| Tulsa, OK | 1 | $ 225,000 | $ 225,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 355,000 | $ 355,000 | $ 123,000 |
| Wichita, KS | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Worcester, MA-CT | 1 | $ 255,000 | $ 255,000 | $ 0 |
| York-Hanover, PA | 1 | $ 185,000 | $ 185,000 | $ 0 |
Mortgage Loan Application Detail Totals for Kearny Bank in 2023
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 | 635 | $336,695,000 | $530,000 | $7,505,000 | $210,000 | $980,000 |
| Cash-out Refinancing | 42 | $19,900,000 | $473,000 | $3,755,000 | $286,000 | $2,220,000 |
| Home Improvement | 31 | $3,735,000 | $120,000 | $665,000 | $131,000 | $437,000 |
| Other Purpose | 29 | $5,095,000 | $175,000 | $1,005,000 | $137,000 | $421,000 |
| Refinancing | 21 | $21,245,000 | $1,011,000 | $8,505,000 | $165,000 | $325,000 |
| 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 | 423 | $179,835,000 | $425,000 | $1,995,000 | $208,000 | $791,000 |
| Asian | 135 | $71,895,000 | $532,000 | $2,735,000 | $212,000 | $980,000 |
| Not Provided | 86 | $42,940,000 | $499,000 | $3,755,000 | $232,000 | $2,220,000 |
| Black or African American | 45 | $18,385,000 | $408,000 | $1,525,000 | $151,000 | $443,000 |
| Hispanic | 37 | $13,505,000 | $365,000 | $885,000 | $180,000 | $745,000 |
| Not applicable | 19 | $53,435,000 | $2,812,000 | $8,505,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $820,000 | $410,000 | $565,000 | $208,000 | $208,000 |
| 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) | 758 | $386,670,000 | $510,000 | $8,505,000 | $207,000 | $2,220,000 |
| 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 | 433 | $229,665,000 | $530,000 | $7,505,000 | $200,000 | $791,000 |
| Application Withdrawn By Applicant | 152 | $88,390,000 | $581,000 | $8,505,000 | $231,000 | $980,000 |
| Loan Purchased By The Institution | 135 | $49,255,000 | $364,000 | $1,115,000 | $0 | $0 |
| Application Denied By Financial Institution | 27 | $12,655,000 | $468,000 | $3,755,000 | $198,000 | $2,220,000 |
| File Closed For Incompleteness | 6 | $2,750,000 | $458,000 | $635,000 | $195,000 | $337,000 |
| Application Approved But Not Accepted | 5 | $3,955,000 | $791,000 | $2,575,000 | $132,000 | $193,000 |
| 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 | 731 | $374,015,000 | $511,000 | $8,505,000 | $207,000 | $980,000 |
| Collateral | 10 | $6,630,000 | $663,000 | $3,755,000 | $340,000 | $2,220,000 |
| Debt-To-Income Ratio | 6 | $2,900,000 | $483,000 | $1,165,000 | $80,000 | $240,000 |
| Credit History | 5 | $865,000 | $173,000 | $375,000 | $141,000 | $170,000 |
| Unverifiable Information | 3 | $1,165,000 | $388,000 | $745,000 | $0 | $0 |
| Employment History | 2 | $730,000 | $365,000 | $505,000 | $0 | $0 |
| Other | 1 | $365,000 | $365,000 | $365,000 | $0 | $0 |
| Credit Application Incomplete | 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 Kearny Bank's 2023 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 Kearny 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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