Optima Bank & Trust Company Mortgage Lending & HMDA Data, 2013
In 2013, Optima Bank & Trust Company of Portsmouth, NH reported 216 mortgage applications totaling $75.2 million, up 42% from 2012. The average application was for $348,314, and applicants reported an average income of $192,069. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Rockingham County-Strafford County, NH (171), Portland-South Portland-Biddeford, ME (26) and Manchester-Nashua, NH (9) (applications in parentheses).
| Mortgage Company & Address | Optima Bank & Trust Company 2 Harbour Place Portsmouth, NH 03801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 216 |
| Total Mortgage Loan Application Amount | $75,236,000 |
| Average Mortgage Loan Application Amount | $348,314 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $192,069 |
| Highest Applicant Income | $1,600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Optima Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Optima Bank & Trust Company in 2013
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 | 139 | $43,203,000 | $310,000 | $1,750,000 | $198,000 | $1,446,000 |
| Refinancing | 56 | $22,841,000 | $407,000 | $2,800,000 | $177,000 | $1,600,000 |
| Home Improvement | 21 | $9,192,000 | $437,000 | $1,390,000 | $193,000 | $513,000 |
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 | 172 | $60,677,000 | $352,000 | $2,800,000 | $208,000 | $1,600,000 |
| Not Provided | 19 | $5,738,000 | $302,000 | $624,000 | $210,000 | $976,000 |
| Not applicable | 18 | $7,351,000 | $408,000 | $1,500,000 | $0 | $0 |
| Asian | 5 | $733,000 | $146,000 | $232,000 | $276,000 | $472,000 |
| Hispanic | 1 | $604,000 | $604,000 | $604,000 | $150,000 | $150,000 |
| American Indian or Alaskan Native | 1 | $133,000 | $133,000 | $133,000 | $145,000 | $145,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 216 | $75,236,000 | $348,000 | $2,800,000 | $192,000 | $1,600,000 |
| 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 | 153 | $51,094,000 | $333,000 | $2,800,000 | $203,000 | $1,600,000 |
| Application Withdrawn By Applicant | 20 | $6,002,000 | $300,000 | $630,000 | $223,000 | $955,000 |
| Application Approved But Not Accepted | 17 | $6,566,000 | $386,000 | $1,500,000 | $151,000 | $976,000 |
| Application Denied By Financial Institution | 17 | $8,687,000 | $511,000 | $2,420,000 | $117,000 | $337,000 |
| File Closed For Incompleteness | 9 | $2,887,000 | $320,000 | $661,000 | $152,000 | $480,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Optima Bank & Trust Company's 2013 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 Optima Bank & Trust Company'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 Hampshire, download the full spreadsheet
with aggregated HMDA statistics today.
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