Optima Bank & Trust Company Mortgage Lending & HMDA Data, 2015
In 2015, Optima Bank & Trust Company of Portsmouth, NH reported 356 mortgage applications totaling $116.8 million, up 71% from 2014. The average application was for $327,969, and applicants reported an average income of $175,617. 73% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Rockingham County-Strafford County, NH (285), Portland-South Portland, ME (36) and Manchester-Nashua, NH (8) (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 | 356 |
| Total Mortgage Loan Application Amount | $116,757,000 |
| Average Mortgage Loan Application Amount | $327,969 |
| Highest Mortgage Loan Application Amount | $2,067,000 |
| Average Applicant Income | $175,617 |
| Highest Applicant Income | $1,566,000 |
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records Optima Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 250 | $77,307,000 | $309,000 | $2,067,000 | $165,000 | $1,566,000 |
| Refinancing | 81 | $30,343,000 | $374,000 | $1,800,000 | $195,000 | $1,129,000 |
| Home Improvement | 25 | $9,107,000 | $364,000 | $718,000 | $219,000 | $575,000 |
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 | 270 | $87,938,000 | $325,000 | $2,067,000 | $181,000 | $1,566,000 |
| Not Provided | 64 | $19,697,000 | $307,000 | $1,000,000 | $204,000 | $767,000 |
| Not applicable | 17 | $8,051,000 | $473,000 | $1,222,000 | $0 | $0 |
| Asian | 3 | $767,000 | $255,000 | $332,000 | $150,000 | $268,000 |
| Hispanic | 2 | $304,000 | $152,000 | $178,000 | $93,000 | $112,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 356 | $116,757,000 | $327,000 | $2,067,000 | $175,000 | $1,566,000 |
| 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 | 260 | $88,649,000 | $340,000 | $2,067,000 | $167,000 | $936,000 |
| Application Withdrawn By Applicant | 44 | $12,462,000 | $283,000 | $1,130,000 | $256,000 | $1,566,000 |
| Application Denied By Financial Institution | 31 | $9,537,000 | $307,000 | $852,000 | $127,000 | $526,000 |
| Application Approved But Not Accepted | 15 | $4,729,000 | $315,000 | $610,000 | $202,000 | $353,000 |
| File Closed For Incompleteness | 6 | $1,380,000 | $230,000 | $542,000 | $150,000 | $259,000 |
| 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 | 8 | $2,476,000 | $309,000 | $852,000 | $99,000 | $440,000 |
| Debt-To-Income Ratio | 7 | $1,873,000 | $267,000 | $500,000 | $40,000 | $75,000 |
| Collateral | 7 | $2,643,000 | $377,000 | $718,000 | $198,000 | $526,000 |
| Other | 2 | $621,000 | $310,000 | $470,000 | $195,000 | $286,000 |
| Employment History | 1 | $424,000 | $424,000 | $424,000 | $336,000 | $336,000 |
| Mortgage Insurance Denied | 1 | $185,000 | $185,000 | $185,000 | $53,000 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 Optima Bank & Trust Company's 2015 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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