Princeton Federal Credit Union Mortgage Lending & HMDA Data, 2019
In 2019, Princeton Federal Credit Union of Princeton, NJ reported 142 mortgage applications totaling $20.5 million. The average application was for $144,507, and applicants reported an average income of $130,676. 65% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Trenton, NJ (68), New York-Newark, NY (28) and Montgomery County-Bucks County-Chester County, PA (19) (applications in parentheses).
| Mortgage Company & Address | Princeton Federal Credit Union 774 Alexander Rd Princeton, NJ 08540 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 142 |
| Total Mortgage Loan Application Amount | $20,520,000 |
| Average Mortgage Loan Application Amount | $144,507 |
| Highest Mortgage Loan Application Amount | $505,000 |
| Average Applicant Income | $130,676 |
| Highest Applicant Income | $543,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Princeton Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Trenton, NJ | 68 | $ 10,440,000 | $ 153,529 | $ 131,000 |
| New York-Newark, NY | 28 | $ 3,560,000 | $ 127,142 | $ 115,000 |
| Montgomery County-Bucks County-Chester County, PA | 19 | $ 2,255,000 | $ 118,684 | $ 135,000 |
| Camden, NJ | 9 | $ 875,000 | $ 97,222 | $ 106,000 |
| Newark, NJ-PA | 6 | $ 1,200,000 | $ 200,000 | $ 140,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 385,000 | $ 128,333 | $ 123,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 370,000 | $ 185,000 | $ 151,000 |
| Chicago-Naperville, IL | 1 | $ 335,000 | $ 335,000 | $ 145,000 |
| Jacksonville, FL | 1 | $ 325,000 | $ 325,000 | $ 87,000 |
| New Orleans-Metairie, LA | 1 | $ 195,000 | $ 195,000 | $ 125,000 |
| Ocean City, NJ | 1 | $ 55,000 | $ 55,000 | $ 245,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 255,000 | $ 255,000 | $ 543,000 |
| Philadelphia, PA | 1 | $ 55,000 | $ 55,000 | $ 144,000 |
| York-Hanover, PA | 1 | $ 215,000 | $ 215,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for Princeton Federal Credit Union 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 |
|---|---|---|---|---|---|---|
| Other Purpose | 58 | $4,160,000 | $71,000 | $255,000 | $132,000 | $543,000 |
| Home Improvement | 26 | $2,560,000 | $98,000 | $505,000 | $157,000 | $452,000 |
| Refinancing | 25 | $6,145,000 | $245,000 | $505,000 | $122,000 | $280,000 |
| Home Purchase | 24 | $5,510,000 | $229,000 | $435,000 | $118,000 | $284,000 |
| Cash-out Refinancing | 9 | $2,145,000 | $238,000 | $495,000 | $104,000 | $201,000 |
| 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 | 99 | $13,555,000 | $136,000 | $505,000 | $128,000 | $452,000 |
| Not Provided | 14 | $3,230,000 | $230,000 | $425,000 | $134,000 | $280,000 |
| Black or African American | 12 | $1,390,000 | $115,000 | $285,000 | $96,000 | $212,000 |
| Asian | 8 | $1,180,000 | $147,000 | $255,000 | $211,000 | $543,000 |
| Hispanic | 7 | $955,000 | $136,000 | $305,000 | $93,000 | $154,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 142 | $20,520,000 | $144,000 | $505,000 | $130,000 | $543,000 |
| 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 | 92 | $12,190,000 | $132,000 | $495,000 | $136,000 | $452,000 |
| Application Withdrawn By Applicant | 34 | $6,220,000 | $182,000 | $505,000 | $113,000 | $245,000 |
| Application Denied By Financial Institution | 10 | $820,000 | $82,000 | $255,000 | $151,000 | $543,000 |
| File Closed For Incompleteness | 5 | $955,000 | $191,000 | $315,000 | $109,000 | $226,000 |
| Application Approved But Not Accepted | 1 | $335,000 | $335,000 | $335,000 | $110,000 | $110,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 132 | $19,700,000 | $149,000 | $505,000 | $129,000 | $452,000 |
| Debt-To-Income Ratio | 5 | $455,000 | $91,000 | $185,000 | $128,000 | $201,000 |
| Other | 2 | $280,000 | $140,000 | $255,000 | $299,000 | $543,000 |
| Collateral | 2 | $40,000 | $20,000 | $25,000 | $61,000 | $83,000 |
| Credit History | 1 | $45,000 | $45,000 | $45,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Princeton Federal Credit Union'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 Princeton Federal Credit Union'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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