Princeton Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2018

Find mortgage loan statistics, lending data, and loan application totals for New Jersey.
The mortgage statistics and data below are specific to mortgage loan applications for Princeton Mortgage Corporation.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2021.

Mortgage Company & Address Princeton Mortgage Corporation
2482 Pennington Road Suite 1
Pennington, NJ 08534
Tel #: available with data download
Federal Regulator * available with data download
Years 2021  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 787
Total Mortgage Loan Application Amount $198,585,000
Average Mortgage Loan Application Amount $254,666
Highest Mortgage Loan Application Amount $1,205,000
Average Applicant Income $108,000
Highest Applicant Income $883,000

Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in NJ, the totals and averages will help you understand where the lender does business as well as the volume of business they do.

Download the New Jersey Lender List

The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category, the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of New Jersey, and search the same numbers and information back through 2003.

Mortgage Loan Application Detail Totals for Princeton Mortgage Corporation in 2018

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 617 $155,985,000 $252,000 $1,065,000 $115,000 $883,000
Cash-out Refinancing 110 $25,930,000 $235,000 $975,000 $105,000 $490,000
Refinancing 60 $16,670,000 $277,000 $1,205,000 $104,000 $400,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 527 $129,675,000 $246,000 $1,205,000 $109,000 $680,000
Asian 127 $40,455,000 $318,000 $765,000 $151,000 $883,000
Not Provided 60 $13,160,000 $219,000 $455,000 $104,000 $346,000
Black or African American 42 $8,380,000 $199,000 $455,000 $90,000 $344,000
Hispanic 31 $6,915,000 $223,000 $525,000 $72,000 $185,000
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) 595 $158,995,000 $267,000 $1,205,000 $125,000 $883,000
FHA-insured (Federal Housing Administration) 160 $31,920,000 $199,000 $565,000 $72,000 $184,000
VA-guaranteed (Veterans Administration) 23 $6,155,000 $267,000 $605,000 $93,000 $195,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9 $1,515,000 $168,000 $305,000 $66,000 $143,000

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 548 $138,140,000 $252,000 $1,205,000 $112,000 $731,000
Application Withdrawn By Applicant 106 $29,070,000 $274,000 $665,000 $140,000 $883,000
Application Denied By Financial Institution 68 $15,010,000 $220,000 $1,065,000 $84,000 $331,000
Application Approved But Not Accepted 58 $13,540,000 $233,000 $575,000 $100,000 $346,000
File Closed For Incompleteness 7 $2,825,000 $403,000 $975,000 $124,000 $215,000
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 719 $183,575,000 $255,000 $1,205,000 $115,000 $883,000
Collateral 24 $5,830,000 $242,000 $1,065,000 $97,000 $331,000
Credit History 18 $4,210,000 $233,000 $525,000 $90,000 $192,000
Debt-To-Income Ratio 12 $2,510,000 $209,000 $485,000 $45,000 $79,000
Unverifiable Information 11 $1,845,000 $167,000 $535,000 $94,000 $225,000
Employment History 2 $330,000 $165,000 $165,000 $48,000 $67,000
Other 1 $285,000 $285,000 $285,000 $96,000 $96,000
Credit Application Incomplete 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

These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in NJ, and gives you an idea of what the best mortgage lenders really are.

If you prefer, you can download a copy of the entire list of mortgage lenders in New Jersey, and search similar information at your convenience.

Download the New Jersey Lender List