Optima Bank & Trust Company Mortgage Lending & HMDA Data, 2019
In 2019, Optima Bank & Trust Company of Portsmouth, NH reported 94 mortgage applications totaling $33.2 million, down 75% from 2018. The average application was for $352,659, and applicants reported an average income of $189,138. 76% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Rockingham County-Strafford County, NH (63), Manchester-Nashua, NH (9) and Portland-South Portland, ME (7) (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 | 94 |
| Total Mortgage Loan Application Amount | $33,150,000 |
| Average Mortgage Loan Application Amount | $352,659 |
| Highest Mortgage Loan Application Amount | $2,145,000 |
| Average Applicant Income | $189,138 |
| Highest Applicant Income | $611,000 |
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records Optima Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019
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 | 58 | $24,130,000 | $416,000 | $2,145,000 | $213,000 | $611,000 |
| Cash-out Refinancing | 25 | $7,165,000 | $286,000 | $1,495,000 | $156,000 | $240,000 |
| Other Purpose | 6 | $780,000 | $130,000 | $275,000 | $150,000 | $288,000 |
| Refinancing | 5 | $1,075,000 | $215,000 | $335,000 | $125,000 | $283,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 50 | $17,220,000 | $344,000 | $2,145,000 | $194,000 | $611,000 |
| Not applicable | 29 | $10,825,000 | $373,000 | $1,505,000 | $229,000 | $229,000 |
| Not Provided | 14 | $4,550,000 | $325,000 | $835,000 | $171,000 | $360,000 |
| Asian | 1 | $555,000 | $555,000 | $555,000 | $243,000 | $243,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 94 | $33,150,000 | $352,000 | $2,145,000 | $190,000 | $611,000 |
| 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 | 71 | $26,015,000 | $366,000 | $2,145,000 | $189,000 | $611,000 |
| Application Withdrawn By Applicant | 17 | $5,725,000 | $336,000 | $955,000 | $195,000 | $411,000 |
| Application Denied By Financial Institution | 3 | $445,000 | $148,000 | $235,000 | $102,000 | $164,000 |
| File Closed For Incompleteness | 2 | $860,000 | $430,000 | $555,000 | $315,000 | $391,000 |
| Application Approved But Not Accepted | 1 | $105,000 | $105,000 | $105,000 | $175,000 | $175,000 |
| 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 | 94 | $33,150,000 | $352,000 | $2,145,000 | $190,000 | $611,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Optima Bank & Trust Company's 2019 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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