Proponent Federal Credit Union
HMDA Loan Application Totals
and Mortgage Lending Details
for 2008
Proponent Federal Credit Union 2008 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Proponent Federal Credit Union 536 Washington Ave. Nutley, NJ 07110 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 444 |
| Total Mortgage Loan Application Amount | $70,102,000 |
| Average Mortgage Loan Application Amount | $183,666 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $124,666 |
| Highest Applicant Income | $1,000,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2008 with Proponent Federal Credit Union. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Proponent Federal Credit Union's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2008 breaks down Proponent Federal Credit Union's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Proponent Federal Credit Union serves its applicants.
Each category highlights the total number of mortgage applications processed by Proponent Federal Credit Union, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Proponent Federal Credit Union's mortgage activity for 2008.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Essex County New Jersey | 99 | $ 19,240,000 | $ 194,000 | $ 127,000 |
| Alamance County North Carolina | 65 | $ 4,377,000 | $ 67,000 | $ 74,000 |
| Passaic County New Jersey | 52 | $ 7,605,000 | $ 146,000 | $ 114,000 |
| Morris County New Jersey | 34 | $ 6,665,000 | $ 196,000 | $ 141,000 |
| Bergen County New Jersey | 25 | $ 4,007,000 | $ 160,000 | $ 125,000 |
| Middlesex County New Jersey | 23 | $ 5,012,000 | $ 217,000 | $ 126,000 |
| Guilford County North Carolina | 11 | $ 931,000 | $ 84,000 | $ 78,000 |
| Somerset County New Jersey | 8 | $ 1,205,000 | $ 150,000 | $ 131,000 |
| Northampton County Pennsylvania | 8 | $ 792,000 | $ 99,000 | $ 70,000 |
| Ocean County New Jersey | 7 | $ 1,846,000 | $ 263,000 | $ 211,000 |
| Union County New Jersey | 7 | $ 688,000 | $ 98,000 | $ 89,000 |
| Wake County North Carolina | 7 | $ 915,000 | $ 130,000 | $ 103,000 |
| Hunterdon County New Jersey | 6 | $ 1,259,000 | $ 209,000 | $ 106,000 |
| Monmouth County New Jersey | 5 | $ 752,000 | $ 150,000 | $ 196,000 |
| Sussex County New Jersey | 5 | $ 546,000 | $ 109,000 | $ 114,000 |
| Hudson County New Jersey | 4 | $ 1,050,000 | $ 262,000 | $ 153,000 |
| Warren County New Jersey | 4 | $ 208,000 | $ 52,000 | $ 97,000 |
| Caswell County North Carolina | 4 | $ 201,000 | $ 50,000 | $ 55,000 |
| Contra Costa County California | 3 | $ 1,240,000 | $ 413,000 | $ 233,000 |
| New Haven County Connecticut | 3 | $ 428,000 | $ 142,000 | $ 42,000 |
| New York County New York | 3 | $ 1,026,000 | $ 342,000 | $ 160,000 |
| Durham County North Carolina | 3 | $ 89,000 | $ 29,000 | $ 94,000 |
| Orange County North Carolina | 3 | $ 154,000 | $ 51,000 | $ 59,000 |
| Lehigh County Pennsylvania | 3 | $ 131,000 | $ 43,000 | $ 82,000 |
| Alameda County California | 2 | $ 580,000 | $ 290,000 | $ 152,000 |
| Hillsborough County Florida | 2 | $ 37,000 | $ 18,000 | $ 80,000 |
| DeKalb County Georgia | 2 | $ 150,000 | $ 75,000 | $ 37,000 |
| Hamilton County Indiana | 2 | $ 396,000 | $ 198,000 | $ 80,000 |
| Mercer County New Jersey | 2 | $ 414,000 | $ 207,000 | $ 114,000 |
| Orange County New York | 2 | $ 304,000 | $ 152,000 | $ 191,000 |
| Forsyth County North Carolina | 2 | $ 175,000 | $ 87,000 | $ 49,000 |
| New Hanover County North Carolina | 2 | $ 669,000 | $ 334,000 | $ 177,000 |
| Monroe County Pennsylvania | 2 | $ 374,000 | $ 187,000 | $ 98,000 |
| Harrison County West Virginia | 2 | $ 59,000 | $ 29,000 | $ 56,000 |
| Maricopa County Arizona | 1 | $ 75,000 | $ 75,000 | $ 32,000 |
| San Francisco County California | 1 | $ 170,000 | $ 170,000 | $ 237,000 |
| San Mateo County California | 1 | $ 1,000,000 | $ 1,000,000 | $ 271,000 |
| Ventura County California | 1 | $ 600,000 | $ 600,000 | $ 204,000 |
| New Castle County Delaware | 1 | $ 135,000 | $ 135,000 | $ 114,000 |
| Pasco County Florida | 1 | $ 189,000 | $ 189,000 | $ 161,000 |
| Bullitt County Kentucky | 1 | $ 10,000 | $ 10,000 | $ 73,000 |
| Frederick County Maryland | 1 | $ 218,000 | $ 218,000 | $ 120,000 |
| Hennepin County Minnesota | 1 | $ 140,000 | $ 140,000 | $ 266,000 |
| Jackson County Missouri | 1 | $ 25,000 | $ 25,000 | $ 34,000 |
| Burlington County New Jersey | 1 | $ 324,000 | $ 324,000 | $ 137,000 |
| Camden County New Jersey | 1 | $ 202,000 | $ 202,000 | $ 231,000 |
| Cape May County New Jersey | 1 | $ 180,000 | $ 180,000 | $ 170,000 |
| Richmond County New York | 1 | $ 659,000 | $ 659,000 | $ 340,000 |
| Schenectady County New York | 1 | $ 30,000 | $ 30,000 | $ 85,000 |
| Alexander County North Carolina | 1 | $ 55,000 | $ 55,000 | $ 65,000 |
| Davidson County North Carolina | 1 | $ 15,000 | $ 15,000 | $ 32,000 |
| Mecklenburg County North Carolina | 1 | $ 84,000 | $ 84,000 | $ 45,000 |
| Bucks County Pennsylvania | 1 | $ 401,000 | $ 401,000 | $ 100,000 |
| Dauphin County Pennsylvania | 1 | $ 17,000 | $ 17,000 | $ 74,000 |
| Susquehanna County Pennsylvania | 1 | $ 300,000 | $ 300,000 | $ 166,000 |
| Greenville County South Carolina | 1 | $ 8,000 | $ 8,000 | $ 35,000 |
| Blount County Tennessee | 1 | $ 119,000 | $ 119,000 | $ 43,000 |
| Sumner County Tennessee | 1 | $ 250,000 | $ 250,000 | $ 160,000 |
| Brazos County Texas | 1 | $ 85,000 | $ 85,000 | $ 163,000 |
| Ellis County Texas | 1 | $ 83,000 | $ 83,000 | $ 38,000 |
| Grayson County Texas | 1 | $ 155,000 | $ 155,000 | $ 242,000 |
| Harris County Texas | 1 | $ 20,000 | $ 20,000 | $ 59,000 |
| Tarrant County Texas | 1 | $ 73,000 | $ 73,000 | $ 29,000 |
| Salt Lake County Utah | 1 | $ 25,000 | $ 25,000 | $ 67,000 |
| Fairfax County Virginia | 1 | $ 394,000 | $ 394,000 | $ 130,000 |
| King County Washington | 1 | $ 536,000 | $ 536,000 | $ 110,000 |
Mortgage Loan Application Detail Totals for Proponent Federal Credit Union in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 362 | $47,056,000 | $129,000 | $688,000 | $109,000 | $1,000,000 |
| Home Purchase | 79 | $22,638,000 | $286,000 | $1,000,000 | $139,000 | $515,000 |
| Home Improvement | 3 | $408,000 | $136,000 | $240,000 | $126,000 | $167,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 184 | $22,671,000 | $123,000 | $1,000,000 | $111,000 | $1,000,000 |
| White | 181 | $31,985,000 | $176,000 | $720,000 | $115,000 | $515,000 |
| Asian | 28 | $8,201,000 | $292,000 | $565,000 | $152,000 | $393,000 |
| Hispanic | 25 | $3,677,000 | $147,000 | $400,000 | $113,000 | $314,000 |
| Black or African American | 22 | $3,106,000 | $141,000 | $417,000 | $80,000 | $166,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $322,000 | $107,000 | $146,000 | $249,000 | $304,000 |
| American Indian or Alaskan Native | 1 | $140,000 | $140,000 | $140,000 | $48,000 | $48,000 |
| Not applicable | 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) | 443 | $69,729,000 | $157,000 | $1,000,000 | $115,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) | 1 | $373,000 | $373,000 | $373,000 | $95,000 | $95,000 |
| 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 | 304 | $47,753,000 | $157,000 | $720,000 | $119,000 | $1,000,000 |
| Application Denied By Financial Institution | 70 | $9,131,000 | $130,000 | $504,000 | $82,000 | $262,000 |
| Application Approved But Not Accepted | 39 | $10,241,000 | $262,000 | $1,000,000 | $138,000 | $314,000 |
| Application Withdrawn By Applicant | 30 | $2,857,000 | $95,000 | $300,000 | $117,000 | $360,000 |
| File Closed For Incompleteness | 1 | $120,000 | $120,000 | $120,000 | $228,000 | $228,000 |
| 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 | 28 | $3,582,000 | $127,000 | $401,000 | $65,000 | $167,000 |
| Collateral | 21 | $2,201,000 | $104,000 | $504,000 | $101,000 | $262,000 |
| Credit History | 7 | $509,000 | $72,000 | $208,000 | $90,000 | $137,000 |
| Other | 5 | $1,342,000 | $268,000 | $417,000 | $103,000 | $163,000 |
| Unverifiable Information | 3 | $765,000 | $255,000 | $379,000 | $129,000 | $166,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $530,000 | $176,000 | $380,000 | $52,000 | $115,000 |
| Mortgage Insurance Denied | 1 | $65,000 | $65,000 | $65,000 | $37,000 | $37,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Proponent Federal Credit Union's 2008 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 Proponent 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.