Optima Bank & Trust Company Mortgage Lending & HMDA Data, 2017
In 2017, Optima Bank & Trust Company of Portsmouth, NH reported 397 mortgage applications totaling $151.8 million, down 8% from 2016. The average application was for $382,264, and applicants reported an average income of $146,906. 80% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Rockingham County-Strafford County, NH (278), Portland-South Portland, ME (52) and Manchester-Nashua, NH (30) (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 | 397 |
| Total Mortgage Loan Application Amount | $151,759,000 |
| Average Mortgage Loan Application Amount | $382,264 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $146,906 |
| Highest Applicant Income | $1,152,000 |
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records Optima Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 261 | $94,833,000 | $363,000 | $2,985,000 | $146,000 | $1,152,000 |
| Refinancing | 96 | $41,572,000 | $433,000 | $3,000,000 | $146,000 | $937,000 |
| Home Improvement | 40 | $15,354,000 | $383,000 | $2,039,000 | $155,000 | $655,000 |
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 | 245 | $91,928,000 | $375,000 | $3,000,000 | $169,000 | $1,111,000 |
| Not Provided | 101 | $36,079,000 | $357,000 | $2,985,000 | $148,000 | $1,152,000 |
| Not applicable | 36 | $18,234,000 | $506,000 | $2,431,000 | $0 | $0 |
| Asian | 11 | $4,458,000 | $405,000 | $1,350,000 | $136,000 | $342,000 |
| Hispanic | 4 | $1,060,000 | $265,000 | $485,000 | $83,000 | $122,000 |
| 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) | 397 | $151,759,000 | $382,000 | $3,000,000 | $147,000 | $1,152,000 |
| 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 | 317 | $126,656,000 | $399,000 | $3,000,000 | $147,000 | $1,152,000 |
| Application Denied By Financial Institution | 31 | $7,031,000 | $226,000 | $528,000 | $96,000 | $485,000 |
| Application Withdrawn By Applicant | 29 | $10,528,000 | $363,000 | $1,350,000 | $169,000 | $1,111,000 |
| File Closed For Incompleteness | 10 | $4,057,000 | $405,000 | $1,000,000 | $143,000 | $339,000 |
| Application Approved But Not Accepted | 10 | $3,487,000 | $348,000 | $675,000 | $219,000 | $861,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 14 | $3,255,000 | $232,000 | $507,000 | $53,000 | $137,000 |
| Credit History | 8 | $1,486,000 | $185,000 | $370,000 | $92,000 | $184,000 |
| Collateral | 4 | $1,003,000 | $250,000 | $400,000 | $218,000 | $485,000 |
| Other | 1 | $289,000 | $289,000 | $289,000 | $239,000 | $239,000 |
| Unverifiable Information | 1 | $50,000 | $50,000 | $50,000 | $82,000 | $82,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Optima Bank & Trust Company's 2017 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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