Novartis Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2016
Novartis Federal Credit Union 2016 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Novartis Federal Credit Union 124 S Ridgedale Ave East Hanover, NJ 07936 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 138 |
| Total Mortgage Loan Application Amount | $26,765,000 |
| Average Mortgage Loan Application Amount | $204,000 |
| Highest Mortgage Loan Application Amount | $626,000 |
| Average Applicant Income | $177,333 |
| Highest Applicant Income | $575,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2016 with Novartis Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Novartis Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2016 breaks down Novartis Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Novartis Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Novartis Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Novartis Federal Credit Union's mortgage activity for 2016.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Morris County New Jersey | 50 | $ 9,371,000 | $ 187,000 | $ 164,000 |
| Essex County New Jersey | 17 | $ 3,142,000 | $ 184,000 | $ 182,000 |
| Union County New Jersey | 10 | $ 2,267,000 | $ 226,000 | $ 192,000 |
| Somerset County New Jersey | 7 | $ 1,612,000 | $ 230,000 | $ 171,000 |
| Hunterdon County New Jersey | 6 | $ 1,176,000 | $ 196,000 | $ 168,000 |
| Bergen County New Jersey | 5 | $ 796,000 | $ 159,000 | $ 230,000 |
| Warren County New Jersey | 4 | $ 380,000 | $ 95,000 | $ 136,000 |
| Palm Beach County Florida | 2 | $ 247,000 | $ 123,000 | $ 210,000 |
| Middlesex County New Jersey | 2 | $ 500,000 | $ 250,000 | $ 244,000 |
| Ocean County New Jersey | 2 | $ 642,000 | $ 321,000 | $ 254,000 |
| Passaic County New Jersey | 2 | $ 582,000 | $ 291,000 | $ 164,000 |
| Sussex County New Jersey | 2 | $ 625,000 | $ 312,000 | $ 138,000 |
| Beaufort County South Carolina | 2 | $ 506,000 | $ 253,000 | $ 265,000 |
| Alameda County California | 1 | $ 230,000 | $ 230,000 | $ 85,000 |
| Contra Costa County California | 1 | $ 121,000 | $ 121,000 | $ 145,000 |
| Los Angeles County California | 1 | $ 100,000 | $ 100,000 | $ 112,000 |
| Jefferson County Colorado | 1 | $ 139,000 | $ 139,000 | $ 112,000 |
| Lee County Florida | 1 | $ 160,000 | $ 160,000 | $ 218,000 |
| Miami-Dade County Florida | 1 | $ 60,000 | $ 60,000 | $ 158,000 |
| Forsyth County Georgia | 1 | $ 340,000 | $ 340,000 | $ 93,000 |
| Tazewell County Illinois | 1 | $ 65,000 | $ 65,000 | $ 100,000 |
| Boone County Kentucky | 1 | $ 25,000 | $ 25,000 | $ 130,000 |
| Orleans County Louisiana | 1 | $ 185,000 | $ 185,000 | $ 152,000 |
| Essex County Massachusetts | 1 | $ 30,000 | $ 30,000 | $ 173,000 |
| Middlesex County Massachusetts | 1 | $ 250,000 | $ 250,000 | $ 270,000 |
| Camden County New Jersey | 1 | $ 135,000 | $ 135,000 | $ 65,000 |
| Hudson County New Jersey | 1 | $ 175,000 | $ 175,000 | $ 231,000 |
| Mercer County New Jersey | 1 | $ 80,000 | $ 80,000 | $ 164,000 |
| Monmouth County New Jersey | 1 | $ 322,000 | $ 322,000 | $ 210,000 |
| New York County New York | 1 | $ 626,000 | $ 626,000 | $ 575,000 |
| Richmond County New York | 1 | $ 116,000 | $ 116,000 | $ 70,000 |
| Rockland County New York | 1 | $ 250,000 | $ 250,000 | $ 233,000 |
| Westchester County New York | 1 | $ 300,000 | $ 300,000 | $ 300,000 |
| New Hanover County North Carolina | 1 | $ 80,000 | $ 80,000 | $ 106,000 |
| Wake County North Carolina | 1 | $ 25,000 | $ 25,000 | $ 250,000 |
| Franklin County Ohio | 1 | $ 50,000 | $ 50,000 | $ 221,000 |
| Montgomery County Pennsylvania | 1 | $ 268,000 | $ 268,000 | $ 130,000 |
| Northampton County Pennsylvania | 1 | $ 258,000 | $ 258,000 | $ 156,000 |
| Denton County Texas | 1 | $ 185,000 | $ 185,000 | $ 80,000 |
| Parker County Texas | 1 | $ 344,000 | $ 344,000 | $ 230,000 |
Mortgage Loan Application Detail Totals for Novartis Federal Credit Union 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 |
|---|---|---|---|---|---|---|
| Refinancing | 63 | $12,759,000 | $202,000 | $552,000 | $165,000 | $354,000 |
| Home Improvement | 46 | $5,707,000 | $124,000 | $626,000 | $200,000 | $575,000 |
| Home Purchase | 29 | $8,299,000 | $286,000 | $522,000 | $167,000 | $383,000 |
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 |
|---|---|---|---|---|---|---|
| White | 69 | $12,037,000 | $174,000 | $425,000 | $184,000 | $462,000 |
| Not Provided | 44 | $6,982,000 | $158,000 | $552,000 | $170,000 | $319,000 |
| Asian | 17 | $6,063,000 | $356,000 | $626,000 | $187,000 | $575,000 |
| Hispanic | 5 | $1,109,000 | $221,000 | $489,000 | $146,000 | $220,000 |
| Black or African American | 3 | $574,000 | $191,000 | $379,000 | $112,000 | $151,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 138 | $26,765,000 | $193,000 | $626,000 | $177,000 | $575,000 |
| 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 | 82 | $13,119,000 | $159,000 | $522,000 | $180,000 | $462,000 |
| Application Withdrawn By Applicant | 21 | $6,337,000 | $301,000 | $489,000 | $179,000 | $383,000 |
| Application Denied By Financial Institution | 17 | $2,772,000 | $163,000 | $435,000 | $157,000 | $354,000 |
| File Closed For Incompleteness | 15 | $4,066,000 | $271,000 | $626,000 | $183,000 | $575,000 |
| Application Approved But Not Accepted | 3 | $471,000 | $157,000 | $200,000 | $184,000 | $231,000 |
| 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 | 5 | $1,432,000 | $286,000 | $425,000 | $209,000 | $354,000 |
| Collateral | 3 | $178,000 | $59,000 | $108,000 | $154,000 | $176,000 |
| Other | 2 | $367,000 | $183,000 | $307,000 | $162,000 | $194,000 |
| Debt-To-Income Ratio | 2 | $485,000 | $242,000 | $435,000 | $163,000 | $221,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Novartis Federal Credit Union'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 Novartis Federal Credit Union'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.