Millville Savings Bank Mortgage Lending & HMDA Data, 2019
In 2019, Millville Savings Bank of Millville, NJ reported 79 mortgage applications totaling $10.4 million, up 44% from 2018. The average application was for $131,962, and applicants reported an average income of $112,830. 72% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Vineland-Bridgeton, NJ (58), Ocean City, NJ (7) and Camden, NJ (4) (applications in parentheses).
| Mortgage Company & Address | Millville Savings Bank One Savings Place Po Box 190 Millville, NJ 08332 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 79 |
| Total Mortgage Loan Application Amount | $10,425,000 |
| Average Mortgage Loan Application Amount | $131,962 |
| Highest Mortgage Loan Application Amount | $555,000 |
| Average Applicant Income | $112,830 |
| Highest Applicant Income | $925,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Millville Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Vineland-Bridgeton, NJ | 58 | $ 5,410,000 | $ 93,275 | $ 113,000 |
| Ocean City, NJ | 7 | $ 1,345,000 | $ 192,142 | $ 93,000 |
| Camden, NJ | 4 | $ 640,000 | $ 160,000 | $ 113,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 635,000 | $ 211,666 | $ 162,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 770,000 | $ 385,000 | $ 0 |
| Outside any metro area | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Nassau County-Suffolk County, NY | 1 | $ 355,000 | $ 355,000 | $ 0 |
| New York-Newark, NY | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Salisbury, MD-DE | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Wilmington, DE-MD-NJ | 1 | $ 265,000 | $ 265,000 | $ 0 |
Mortgage Loan Application Detail Totals for Millville Savings Bank in 2019
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 | 22 | $3,570,000 | $162,000 | $555,000 | $107,000 | $215,000 |
| Home Improvement | 18 | $1,190,000 | $66,000 | $255,000 | $91,000 | $152,000 |
| Home Purchase | 17 | $2,605,000 | $153,000 | $235,000 | $159,000 | $925,000 |
| Other Purpose | 14 | $490,000 | $35,000 | $105,000 | $94,000 | $307,000 |
| Not Applicable | 8 | $2,570,000 | $321,000 | $555,000 | $0 | $0 |
| Cash-out Refinancing | 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 | 54 | $6,080,000 | $112,000 | $555,000 | $102,000 | $303,000 |
| Not applicable | 8 | $2,570,000 | $321,000 | $555,000 | $0 | $0 |
| Hispanic | 8 | $710,000 | $88,000 | $155,000 | $79,000 | $152,000 |
| Not Provided | 7 | $825,000 | $117,000 | $265,000 | $96,000 | $188,000 |
| Asian | 2 | $240,000 | $120,000 | $135,000 | $616,000 | $925,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 79 | $10,425,000 | $131,000 | $555,000 | $113,000 | $925,000 |
| 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 | 57 | $5,935,000 | $104,000 | $305,000 | $123,000 | $925,000 |
| Loan Purchased By The Institution | 8 | $2,570,000 | $321,000 | $555,000 | $0 | $0 |
| Application Denied By Financial Institution | 7 | $1,105,000 | $157,000 | $555,000 | $57,000 | $79,000 |
| Application Withdrawn By Applicant | 5 | $495,000 | $99,000 | $225,000 | $88,000 | $173,000 |
| File Closed For Incompleteness | 1 | $255,000 | $255,000 | $255,000 | $150,000 | $150,000 |
| Application Approved But Not Accepted | 1 | $65,000 | $65,000 | $65,000 | $43,000 | $43,000 |
| 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 | 72 | $9,320,000 | $129,000 | $555,000 | $119,000 | $925,000 |
| Credit History | 4 | $180,000 | $45,000 | $125,000 | $56,000 | $77,000 |
| Debt-To-Income Ratio | 2 | $750,000 | $375,000 | $555,000 | $60,000 | $79,000 |
| Other | 1 | $175,000 | $175,000 | $175,000 | $57,000 | $57,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Millville Savings Bank's 2019 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 Millville 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
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