Oceanfirst Bank Mortgage Lending & HMDA Data, 2021
In 2021, Oceanfirst Bank of Toms River, NJ reported 3,351 mortgage applications totaling $1.7 billion, about the same as 2020. The average application was for $503,925, and applicants reported an average income of $225,463. 63% of its applications resulted in an originated loan and 14% were denied. Its largest markets were New York-Newark, NY (1,580), Ocean City, NJ (407) and Atlantic City-Hammonton, NJ (359) (applications in parentheses).
| Mortgage Company & Address | Oceanfirst Bank 975 Hooper Avenue Toms River, NJ 08753 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 |
| Total Number of Mortgage Applications | 3,351 |
| Total Mortgage Loan Application Amount | $1,688,655,000 |
| Average Mortgage Loan Application Amount | $503,925 |
| Highest Mortgage Loan Application Amount | $32,005,000 |
| Average Applicant Income | $225,463 |
| Highest Applicant Income | $7,479,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Oceanfirst Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-Newark, NY | 1,580 | $ 563,680,000 | $ 356,759 | $ 210,762 |
| Ocean City, NJ | 407 | $ 181,665,000 | $ 446,351 | $ 262,000 |
| Atlantic City-Hammonton, NJ | 359 | $ 102,585,000 | $ 285,752 | $ 213,000 |
| Camden, NJ | 190 | $ 56,310,000 | $ 296,368 | $ 196,000 |
| Vineland-Bridgeton, NJ | 106 | $ 11,340,000 | $ 106,981 | $ 98,000 |
| New York-Jersey City-White Plains, NY-NJ | 91 | $ 235,595,000 | $ 2,588,956 | $ 289,120 |
| Newark, NJ-PA | 72 | $ 37,300,000 | $ 518,055 | $ 229,000 |
| Philadelphia, PA | 46 | $ 111,510,000 | $ 2,424,130 | $ 228,000 |
| Montgomery County-Bucks County-Chester County, PA | 41 | $ 23,775,000 | $ 579,878 | $ 286,000 |
| Trenton, NJ | 36 | $ 20,250,000 | $ 562,500 | $ 309,000 |
| Denver-Aurora-Lakewood, CO | 28 | $ 23,620,000 | $ 843,571 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 25 | $ 18,745,000 | $ 749,800 | $ 0 |
| Chicago-Naperville, IL | 24 | $ 16,300,000 | $ 679,166 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 23 | $ 16,805,000 | $ 730,652 | $ 0 |
| Outside any metro area | 21 | $ 14,385,000 | $ 685,000 | $ 395,750 |
| Phoenix-Mesa-Scottsdale, AZ | 20 | $ 15,470,000 | $ 773,500 | $ 0 |
| Dallas-Plano-Irving, TX | 19 | $ 15,705,000 | $ 826,578 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 19 | $ 35,605,000 | $ 1,873,947 | $ 0 |
| Austin-Round Rock, TX | 14 | $ 10,980,000 | $ 784,285 | $ 0 |
| Houston-The Woodlands-Sugar Land, TX | 12 | $ 9,190,000 | $ 765,833 | $ 0 |
| Nassau County-Suffolk County, NY | 11 | $ 14,775,000 | $ 1,343,181 | $ 643,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 9 | $ 8,545,000 | $ 949,444 | $ 0 |
| Baltimore-Columbia-Towson, MD | 7 | $ 4,835,000 | $ 690,714 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 5,235,000 | $ 747,857 | $ 757,000 |
| Boise City, ID | 6 | $ 4,560,000 | $ 760,000 | $ 0 |
| Charleston-North Charleston, SC | 6 | $ 3,920,000 | $ 653,333 | $ 76,000 |
| Charlotte-Concord-Gastonia, NC-SC | 6 | $ 6,410,000 | $ 1,068,333 | $ 0 |
| Lake County-Kenosha County, IL-WI | 6 | $ 4,090,000 | $ 681,666 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 6 | $ 3,940,000 | $ 656,666 | $ 0 |
| Port St. Lucie, FL | 6 | $ 8,680,000 | $ 1,446,666 | $ 1,701,000 |
| Salisbury, MD-DE | 6 | $ 4,440,000 | $ 740,000 | $ 297,000 |
| Boulder, CO | 5 | $ 3,805,000 | $ 761,000 | $ 0 |
| Hilton Head Island-Bluffton-Beaufort, SC | 5 | $ 3,905,000 | $ 781,000 | $ 318,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 5 | $ 4,605,000 | $ 921,000 | $ 0 |
| Salt Lake City, UT | 5 | $ 4,305,000 | $ 861,000 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 5 | $ 4,185,000 | $ 837,000 | $ 0 |
| Washington-Baltimore-Arlington, DC | 5 | $ 4,075,000 | $ 815,000 | $ 0 |
| Wilmington, DE-MD-NJ | 5 | $ 665,000 | $ 133,000 | $ 96,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 4,360,000 | $ 1,090,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,700,000 | $ 425,000 | $ 338,000 |
| Provo-Orem, UT | 4 | $ 3,040,000 | $ 760,000 | $ 0 |
| Boston, MA | 3 | $ 1,735,000 | $ 578,333 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 2,125,000 | $ 708,333 | $ 0 |
| Durham-Chapel Hill, NC | 3 | $ 1,865,000 | $ 621,666 | $ 93,000 |
| Indianapolis-Carmel-Anderson, IN | 3 | $ 2,135,000 | $ 711,666 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 3 | $ 2,385,000 | $ 795,000 | $ 0 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 1,135,000 | $ 378,333 | $ 110,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 2,565,000 | $ 855,000 | $ 158,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 550,000 | $ 275,000 | $ 141,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 880,000 | $ 440,000 | $ 0 |
| Birmingham-Hoover, AL | 2 | $ 1,160,000 | $ 580,000 | $ 0 |
| Columbus, OH | 2 | $ 1,040,000 | $ 520,000 | $ 0 |
| El Paso, TX | 2 | $ 1,090,000 | $ 545,000 | $ 0 |
| Jacksonville, FL | 2 | $ 880,000 | $ 440,000 | $ 0 |
| Kansas City, MO-KS | 2 | $ 2,180,000 | $ 1,090,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 560,000 | $ 280,000 | $ 213,000 |
| Portland-South Portland, ME | 2 | $ 1,150,000 | $ 575,000 | $ 0 |
| Prescott Valley-Prescott, AZ | 2 | $ 1,450,000 | $ 725,000 | $ 0 |
| Rome, GA | 2 | $ 2,030,000 | $ 1,015,000 | $ 0 |
| San Antonio-New Braunfels, TX | 2 | $ 3,890,000 | $ 1,945,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 1,180,000 | $ 590,000 | $ 0 |
| San Rafael, CA | 2 | $ 1,110,000 | $ 555,000 | $ 0 |
| Sebastian-Vero Beach, FL | 2 | $ 950,000 | $ 475,000 | $ 87,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 1,210,000 | $ 605,000 | $ 272,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 1,230,000 | $ 615,000 | $ 0 |
| Ann Arbor, MI | 1 | $ 665,000 | $ 665,000 | $ 0 |
| Asheville, NC | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Burlington-South Burlington, VT | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 795,000 | $ 795,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 845,000 | $ 845,000 | $ 280,000 |
| Carson City, NV | 1 | $ 895,000 | $ 895,000 | $ 0 |
| Cincinnati, OH-KY-IN | 1 | $ 775,000 | $ 775,000 | $ 0 |
| Columbia, SC | 1 | $ 1,345,000 | $ 1,345,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 795,000 | $ 795,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Flagstaff, AZ | 1 | $ 685,000 | $ 685,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 1,275,000 | $ 1,275,000 | $ 0 |
| Gainesville, GA | 1 | $ 1,265,000 | $ 1,265,000 | $ 0 |
| Greeley, CO | 1 | $ 645,000 | $ 645,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 665,000 | $ 665,000 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Lakeland-Winter Haven, FL | 1 | $ 15,000 | $ 15,000 | $ 110,000 |
| Lexington-Fayette, KY | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Manchester-Nashua, NH | 1 | $ 955,000 | $ 955,000 | $ 0 |
| McAllen-Edinburg-Mission, TX | 1 | $ 775,000 | $ 775,000 | $ 0 |
| Norwich-New London, CT | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 875,000 | $ 875,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 835,000 | $ 835,000 | $ 0 |
| Raleigh, NC | 1 | $ 695,000 | $ 695,000 | $ 0 |
| Richmond, VA | 1 | $ 585,000 | $ 585,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Salinas, CA | 1 | $ 555,000 | $ 555,000 | $ 0 |
| San Diego-Carlsbad, CA | 1 | $ 1,195,000 | $ 1,195,000 | $ 0 |
| Santa Rosa, CA | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Sebring, FL | 1 | $ 15,000 | $ 15,000 | $ 124,000 |
| The Villages, FL | 1 | $ 185,000 | $ 185,000 | $ 224,000 |
| Toledo, OH | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Tucson, AZ | 1 | $ 695,000 | $ 695,000 | $ 0 |
| Tulsa, OK | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Urban Honolulu, HI | 1 | $ 935,000 | $ 935,000 | $ 0 |
| Watertown-Fort Drum, NY | 1 | $ 1,505,000 | $ 1,505,000 | $ 0 |
| Wilmington, NC | 1 | $ 975,000 | $ 975,000 | $ 0 |
| York-Hanover, PA | 1 | $ 95,000 | $ 95,000 | $ 124,000 |
Mortgage Loan Application Detail Totals for Oceanfirst Bank in 2021
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 | 1,209 | $787,905,000 | $651,000 | $9,755,000 | $285,000 | $3,535,000 |
| Refinancing | 985 | $645,785,000 | $655,000 | $32,005,000 | $208,000 | $7,479,000 |
| Other Purpose | 454 | $52,490,000 | $115,000 | $1,195,000 | $176,000 | $3,555,000 |
| Cash-out Refinancing | 384 | $172,910,000 | $450,000 | $2,535,000 | $199,000 | $2,055,000 |
| Home Improvement | 319 | $29,565,000 | $92,000 | $955,000 | $156,000 | $1,814,000 |
| 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 | 2,391 | $826,415,000 | $345,000 | $6,505,000 | $220,000 | $7,479,000 |
| Not applicable | 493 | $700,965,000 | $1,421,000 | $32,005,000 | $0 | $0 |
| Not Provided | 270 | $93,600,000 | $346,000 | $2,855,000 | $252,000 | $1,890,000 |
| Hispanic | 73 | $20,615,000 | $282,000 | $1,205,000 | $160,000 | $523,000 |
| Asian | 70 | $35,850,000 | $512,000 | $4,165,000 | $267,000 | $3,535,000 |
| Black or African American | 36 | $6,350,000 | $176,000 | $965,000 | $162,000 | $613,000 |
| American Indian or Alaskan Native | 10 | $810,000 | $81,000 | $265,000 | $99,000 | $350,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,290,000 | $645,000 | $945,000 | $356,000 | $522,000 |
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) | 3,348 | $1,687,940,000 | $504,000 | $32,005,000 | $221,000 | $7,479,000 |
| VA-guaranteed (Veterans Administration) | 2 | $640,000 | $320,000 | $345,000 | $79,000 | $97,000 |
| FHA-insured (Federal Housing Administration) | 1 | $75,000 | $75,000 | $75,000 | $34,000 | $34,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 2,120 | $1,128,050,000 | $532,000 | $32,005,000 | $234,000 | $7,479,000 |
| Application Denied By Financial Institution | 476 | $106,580,000 | $223,000 | $16,325,000 | $146,000 | $2,278,000 |
| Loan Purchased By The Institution | 394 | $303,540,000 | $770,000 | $1,995,000 | $0 | $0 |
| Application Approved But Not Accepted | 186 | $63,000,000 | $338,000 | $5,245,000 | $220,000 | $2,278,000 |
| Application Withdrawn By Applicant | 168 | $81,310,000 | $483,000 | $19,785,000 | $274,000 | $3,555,000 |
| File Closed For Incompleteness | 7 | $6,175,000 | $882,000 | $1,855,000 | $415,000 | $779,000 |
| 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 | 2,875 | $1,582,075,000 | $550,000 | $32,005,000 | $236,000 | $7,479,000 |
| Debt-To-Income Ratio | 165 | $38,105,000 | $230,000 | $1,505,000 | $86,000 | $509,000 |
| Collateral | 163 | $40,375,000 | $247,000 | $16,325,000 | $196,000 | $2,278,000 |
| Credit History | 116 | $14,450,000 | $124,000 | $6,005,000 | $123,000 | $2,099,000 |
| Other | 18 | $6,980,000 | $387,000 | $1,505,000 | $268,000 | $1,339,000 |
| Unverifiable Information | 8 | $4,020,000 | $502,000 | $1,305,000 | $254,000 | $1,200,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $2,135,000 | $711,000 | $1,085,000 | $475,000 | $1,030,000 |
| Employment History | 2 | $330,000 | $165,000 | $255,000 | $95,000 | $95,000 |
| Credit Application Incomplete | 1 | $185,000 | $185,000 | $185,000 | $396,000 | $396,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Oceanfirst Bank's 2021 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.
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with aggregated HMDA statistics today.
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