Oceanfirst Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003
Oceanfirst Bank 2003 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 | Oceanfirst Bank 975 Hooper Avenue Toms River, NJ 08753 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,163 |
| Total Mortgage Loan Application Amount | $536,600,000 |
| Average Mortgage Loan Application Amount | $282,769 |
| Highest Mortgage Loan Application Amount | $2,892,000 |
| Average Applicant Income | $132,846 |
| Highest Applicant Income | $2,364,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with Oceanfirst Bank. 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 Oceanfirst Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2003 breaks down Oceanfirst Bank'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 Oceanfirst Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Oceanfirst Bank, 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 Oceanfirst Bank's mortgage activity for 2003.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Ocean County New Jersey | 2,355 | $ 370,191,000 | $ 157,000 | $ 98,000 |
| Monmouth County New Jersey | 470 | $ 100,872,000 | $ 214,000 | $ 116,000 |
| Middlesex County New Jersey | 64 | $ 10,999,000 | $ 171,000 | $ 98,000 |
| Palm Beach County Florida | 31 | $ 3,803,000 | $ 122,000 | $ 74,000 |
| Morris County New Jersey | 18 | $ 4,667,000 | $ 259,000 | $ 133,000 |
| Union County New Jersey | 17 | $ 3,462,000 | $ 203,000 | $ 95,000 |
| Atlantic County New Jersey | 16 | $ 2,584,000 | $ 161,000 | $ 86,000 |
| Bergen County New Jersey | 16 | $ 3,433,000 | $ 214,000 | $ 146,000 |
| Burlington County New Jersey | 16 | $ 2,481,000 | $ 155,000 | $ 75,000 |
| Hudson County New Jersey | 15 | $ 3,050,000 | $ 203,000 | $ 137,000 |
| Somerset County New Jersey | 14 | $ 3,712,000 | $ 265,000 | $ 156,000 |
| Essex County New Jersey | 11 | $ 2,664,000 | $ 242,000 | $ 165,000 |
| Hunterdon County New Jersey | 9 | $ 2,691,000 | $ 299,000 | $ 164,000 |
| Mercer County New Jersey | 9 | $ 1,339,000 | $ 148,000 | $ 69,000 |
| Cape May County New Jersey | 8 | $ 1,327,000 | $ 165,000 | $ 175,000 |
| Lee County Florida | 6 | $ 1,168,000 | $ 194,000 | $ 116,000 |
| Osceola County Florida | 6 | $ 801,000 | $ 133,000 | $ 105,000 |
| Passaic County New Jersey | 5 | $ 1,267,000 | $ 253,000 | $ 97,000 |
| Warren County New Jersey | 5 | $ 625,000 | $ 125,000 | $ 97,000 |
| Broward County Florida | 4 | $ 902,000 | $ 225,000 | $ 161,000 |
| Camden County New Jersey | 4 | $ 401,000 | $ 100,000 | $ 78,000 |
| Hyde County North Carolina | 3 | $ 483,000 | $ 161,000 | $ 61,000 |
| Bucks County Pennsylvania | 3 | $ 532,000 | $ 177,000 | $ 141,000 |
| Fairfax County Virginia | 3 | $ 598,000 | $ 199,000 | $ 78,000 |
| Fairfield County Connecticut | 2 | $ 3,381,000 | $ 1,690,000 | $ 295,000 |
| Collier County Florida | 2 | $ 187,000 | $ 93,000 | $ 43,000 |
| Martin County Florida | 2 | $ 360,000 | $ 180,000 | $ 95,000 |
| St. Lucie County Florida | 2 | $ 184,000 | $ 92,000 | $ 64,000 |
| Sussex County New Jersey | 2 | $ 377,000 | $ 188,000 | $ 114,000 |
| Greene County New York | 2 | $ 210,000 | $ 105,000 | $ 182,000 |
| Nassau County New York | 2 | $ 505,000 | $ 252,000 | $ 176,000 |
| Orange County New York | 2 | $ 590,000 | $ 295,000 | $ 131,000 |
| Richmond County New York | 2 | $ 350,000 | $ 175,000 | $ 39,000 |
| Rockland County New York | 2 | $ 414,000 | $ 207,000 | $ 73,000 |
| Suffolk County New York | 2 | $ 304,000 | $ 152,000 | $ 96,000 |
| Westchester County New York | 2 | $ 517,000 | $ 258,000 | $ 155,000 |
| Pinal County Arizona | 1 | $ 92,000 | $ 92,000 | $ 192,000 |
| Litchfield County Connecticut | 1 | $ 236,000 | $ 236,000 | $ 108,000 |
| Charlotte County Florida | 1 | $ 80,000 | $ 80,000 | $ 48,000 |
| Hillsborough County Florida | 1 | $ 178,000 | $ 178,000 | $ 59,000 |
| Indian River County Florida | 1 | $ 130,000 | $ 130,000 | $ 276,000 |
| Orange County Florida | 1 | $ 229,000 | $ 229,000 | $ 932,000 |
| Sarasota County Florida | 1 | $ 80,000 | $ 80,000 | $ 89,000 |
| St. Johns County Florida | 1 | $ 160,000 | $ 160,000 | $ 43,000 |
| Grundy County Illinois | 1 | $ 352,000 | $ 352,000 | $ 260,000 |
| St. Clair County Illinois | 1 | $ 123,000 | $ 123,000 | $ 57,000 |
| Piscataquis County Maine | 1 | $ 175,000 | $ 175,000 | $ 230,000 |
| York County Maine | 1 | $ 223,000 | $ 223,000 | $ 109,000 |
| Worcester County Maryland | 1 | $ 115,000 | $ 115,000 | $ 75,000 |
| Scott County Minnesota | 1 | $ 236,000 | $ 236,000 | $ 300,000 |
| Delaware County New York | 1 | $ 66,000 | $ 66,000 | $ 38,000 |
| Erie County New York | 1 | $ 54,000 | $ 54,000 | $ 122,000 |
| Kings County New York | 1 | $ 50,000 | $ 50,000 | $ 80,000 |
| Putnam County New York | 1 | $ 490,000 | $ 490,000 | $ 382,000 |
| Tioga County New York | 1 | $ 99,000 | $ 99,000 | $ 138,000 |
| Guilford County North Carolina | 1 | $ 147,000 | $ 147,000 | $ 90,000 |
| Dauphin County Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 166,000 |
| Delaware County Pennsylvania | 1 | $ 374,000 | $ 374,000 | $ 175,000 |
| Lehigh County Pennsylvania | 1 | $ 264,000 | $ 264,000 | $ 84,000 |
| Philadelphia County Pennsylvania | 1 | $ 129,000 | $ 129,000 | $ 249,000 |
| Pike County Pennsylvania | 1 | $ 172,000 | $ 172,000 | $ 147,000 |
| Horry County South Carolina | 1 | $ 47,000 | $ 47,000 | $ 71,000 |
| Grand Isle County Vermont | 1 | $ 75,000 | $ 75,000 | $ 84,000 |
| Rutland County Vermont | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Windsor County Vermont | 1 | $ 108,000 | $ 108,000 | $ 129,000 |
| James City County Virginia | 1 | $ 160,000 | $ 160,000 | $ 190,000 |
| Virginia Beach County Virginia | 1 | $ 225,000 | $ 225,000 | $ 54,000 |
Mortgage Loan Application Detail Totals for Oceanfirst Bank in 2003
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 (home purchase or home improvement, one-to-four family) | 2,010 | $346,070,000 | $183,100 | $960,000 | $110,000 | $2,364,000 |
| Home Purchase (one-to-four family) | 827 | $175,075,000 | $392,666 | $2,892,000 | $163,750 | $975,000 |
| Home Improvement (one-to-four family) | 323 | $14,317,000 | $143,333 | $350,000 | $129,666 | $474,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 3 | $1,138,000 | $379,000 | $550,000 | $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 | 3,003 | $514,602,000 | $269,000 | $2,892,000 | $146,285 | $2,364,000 |
| Information not provided by applicant in mail or telephone application | 55 | $3,121,000 | $109,000 | $275,000 | $98,000 | $474,000 |
| Asian or Pacific Islander | 39 | $8,462,000 | $225,500 | $595,000 | $121,000 | $513,000 |
| Hispanic | 34 | $4,393,000 | $129,000 | $280,000 | $73,000 | $220,000 |
| Other | 17 | $3,525,000 | $195,000 | $430,000 | $77,000 | $180,000 |
| Black | 11 | $2,047,000 | $192,000 | $580,000 | $115,500 | $315,000 |
| American Indian or Alaskan Native | 4 | $450,000 | $112,000 | $140,000 | $86,000 | $141,000 |
| Not applicable | 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) | 3,122 | $529,114,000 | $234,714 | $2,892,000 | $140,357 | $2,364,000 |
| FHA-insured (Federal Housing Administration) | 34 | $5,652,000 | $166,000 | $254,000 | $83,000 | $223,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $1,834,000 | $262,000 | $675,000 | $139,000 | $800,000 |
| 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 | 2,732 | $466,135,000 | $166,571 | $1,225,000 | $125,785 | $2,364,000 |
| Application Approved But Not Accepted | 226 | $34,684,000 | $203,400 | $700,000 | $153,000 | $975,000 |
| Application Denied By Financial Institution | 126 | $19,794,000 | $104,000 | $960,000 | $89,333 | $651,000 |
| Application Withdrawn By Applicant | 73 | $14,631,000 | $711,800 | $2,892,000 | $194,000 | $685,000 |
| File Closed For Incompleteness | 6 | $1,356,000 | $226,000 | $400,000 | $92,000 | $220,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 60 | $9,815,000 | $126,000 | $960,000 | $58,500 | $178,000 |
| Credit History | 27 | $2,492,000 | $56,000 | $400,000 | $84,666 | $651,000 |
| Collateral | 17 | $2,839,000 | $136,000 | $750,000 | $84,500 | $208,000 |
| Credit Application Incomplete | 13 | $2,771,000 | $243,500 | $440,000 | $112,000 | $397,000 |
| Other | 5 | $1,179,000 | $235,000 | $650,000 | $101,000 | $159,000 |
| Unverifiable Information | 2 | $493,000 | $246,000 | $303,000 | $175,000 | $198,000 |
| Employment History | 2 | $205,000 | $102,000 | $110,000 | $46,000 | $56,000 |
| 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 Oceanfirst Bank's 2003 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 Oceanfirst 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.