Proponent FCU Mortgage Lending & HMDA Data, 2022
In 2022, Proponent FCU of Nutley, NJ reported 765 mortgage applications totaling $147.0 million, up 7% from 2021. The average application was for $192,124, and applicants reported an average income of $143,752. 60% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Newark, NJ-PA (197), New York-Jersey City-White Plains, NY-NJ (97) and Burlington, NC (85) (applications in parentheses).
| Mortgage Company & Address | Proponent FCU 536 Washington Ave. Nutley, NJ 07110 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 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 | 765 |
| Total Mortgage Loan Application Amount | $146,975,000 |
| Average Mortgage Loan Application Amount | $192,124 |
| Highest Mortgage Loan Application Amount | $1,325,000 |
| Average Applicant Income | $143,752 |
| Highest Applicant Income | $1,080,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Proponent FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Newark, NJ-PA | 197 | $ 39,215,000 | $ 199,060 | $ 153,959 |
| New York-Jersey City-White Plains, NY-NJ | 97 | $ 22,755,000 | $ 234,587 | $ 180,824 |
| Burlington, NC | 85 | $ 8,195,000 | $ 96,411 | $ 82,000 |
| New York-Newark, NY | 67 | $ 13,955,000 | $ 208,283 | $ 178,000 |
| Greensboro-High Point, NC | 41 | $ 3,885,000 | $ 94,756 | $ 83,000 |
| Outside any metro area | 23 | $ 4,035,000 | $ 175,434 | $ 108,782 |
| Charlotte-Concord-Gastonia, NC-SC | 20 | $ 5,090,000 | $ 254,500 | $ 140,950 |
| Raleigh, NC | 17 | $ 4,585,000 | $ 269,705 | $ 146,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 13 | $ 1,405,000 | $ 108,076 | $ 86,000 |
| Atlanta-Sandy Springs-Roswell, GA | 12 | $ 2,200,000 | $ 183,333 | $ 100,000 |
| Camden, NJ | 9 | $ 935,000 | $ 103,888 | $ 166,000 |
| Durham-Chapel Hill, NC | 9 | $ 1,565,000 | $ 173,888 | $ 120,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 7 | $ 1,625,000 | $ 232,142 | $ 166,000 |
| Las Vegas-Henderson-Paradise, NV | 5 | $ 825,000 | $ 165,000 | $ 94,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 555,000 | $ 111,000 | $ 107,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,165,000 | $ 233,000 | $ 115,000 |
| Phoenix-Mesa-Scottsdale, AZ | 5 | $ 1,075,000 | $ 215,000 | $ 166,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 855,000 | $ 171,000 | $ 163,000 |
| Baltimore-Columbia-Towson, MD | 4 | $ 210,000 | $ 52,500 | $ 138,000 |
| Charleston-North Charleston, SC | 4 | $ 1,100,000 | $ 275,000 | $ 258,000 |
| Chicago-Naperville, IL | 4 | $ 370,000 | $ 92,500 | $ 115,000 |
| Lynchburg, VA | 4 | $ 420,000 | $ 105,000 | $ 115,000 |
| Memphis, TN-MS-AR | 4 | $ 890,000 | $ 222,500 | $ 88,250 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 4 | $ 510,000 | $ 127,500 | $ 60,000 |
| San Francisco-Redwood City-South San Francisco, CA | 4 | $ 700,000 | $ 175,000 | $ 374,000 |
| Trenton, NJ | 4 | $ 130,000 | $ 32,500 | $ 120,000 |
| Boston, MA | 3 | $ 1,625,000 | $ 541,666 | $ 514,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 715,000 | $ 238,333 | $ 188,000 |
| Cambridge-Newton-Framingham, MA | 3 | $ 1,495,000 | $ 498,333 | $ 333,000 |
| Dallas-Plano-Irving, TX | 3 | $ 775,000 | $ 258,333 | $ 225,000 |
| East Stroudsburg, PA | 3 | $ 685,000 | $ 228,333 | $ 136,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 495,000 | $ 165,000 | $ 91,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 1,305,000 | $ 435,000 | $ 185,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 1,025,000 | $ 341,666 | $ 197,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 855,000 | $ 285,000 | $ 159,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 445,000 | $ 148,333 | $ 191,333 |
| Atlantic City-Hammonton, NJ | 2 | $ 310,000 | $ 155,000 | $ 88,000 |
| Birmingham-Hoover, AL | 2 | $ 80,000 | $ 40,000 | $ 21,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 650,000 | $ 325,000 | $ 44,000 |
| Charleston, WV | 2 | $ 180,000 | $ 90,000 | $ 49,000 |
| Columbus, OH | 2 | $ 100,000 | $ 50,000 | $ 73,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 320,000 | $ 160,000 | $ 154,000 |
| Florence, SC | 2 | $ 130,000 | $ 65,000 | $ 89,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 830,000 | $ 415,000 | $ 248,000 |
| Gainesville, FL | 2 | $ 920,000 | $ 460,000 | $ 310,000 |
| Gainesville, GA | 2 | $ 980,000 | $ 490,000 | $ 174,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 330,000 | $ 165,000 | $ 142,000 |
| Johnson City, TN | 2 | $ 110,000 | $ 55,000 | $ 56,000 |
| Kansas City, MO-KS | 2 | $ 800,000 | $ 400,000 | $ 182,500 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 970,000 | $ 485,000 | $ 229,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 1,240,000 | $ 620,000 | $ 485,000 |
| San Diego-Carlsbad, CA | 2 | $ 1,270,000 | $ 635,000 | $ 174,000 |
| Savannah, GA | 2 | $ 80,000 | $ 40,000 | $ 35,000 |
| St. Louis, MO-IL | 2 | $ 190,000 | $ 95,000 | $ 58,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 460,000 | $ 230,000 | $ 89,000 |
| Wilmington, NC | 2 | $ 520,000 | $ 260,000 | $ 111,000 |
| Winston-Salem, NC | 2 | $ 540,000 | $ 270,000 | $ 87,000 |
| Akron, OH | 1 | $ 25,000 | $ 25,000 | $ 78,000 |
| Albuquerque, NM | 1 | $ 845,000 | $ 845,000 | $ 255,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 1,325,000 | $ 1,325,000 | $ 278,000 |
| Austin-Round Rock, TX | 1 | $ 75,000 | $ 75,000 | $ 300,000 |
| Beckley, WV | 1 | $ 45,000 | $ 45,000 | $ 97,000 |
| Brunswick, GA | 1 | $ 65,000 | $ 65,000 | $ 75,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 155,000 | $ 155,000 | $ 57,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 335,000 | $ 335,000 | $ 88,000 |
| Flint, MI | 1 | $ 505,000 | $ 505,000 | $ 340,000 |
| Fort Smith, AR-OK | 1 | $ 35,000 | $ 35,000 | $ 61,000 |
| Fresno, CA | 1 | $ 385,000 | $ 385,000 | $ 159,000 |
| Glens Falls, NY | 1 | $ 105,000 | $ 105,000 | $ 56,000 |
| Greenville, NC | 1 | $ 65,000 | $ 65,000 | $ 110,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 525,000 | $ 525,000 | $ 330,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 55,000 | $ 55,000 | $ 92,000 |
| Houston-The Woodlands-Sugar Land, TX | 1 | $ 85,000 | $ 85,000 | $ 98,000 |
| Killeen-Temple, TX | 1 | $ 55,000 | $ 55,000 | $ 80,000 |
| Knoxville, TN | 1 | $ 95,000 | $ 95,000 | $ 191,000 |
| Lafayette, LA | 1 | $ 85,000 | $ 85,000 | $ 109,000 |
| Lakeland-Winter Haven, FL | 1 | $ 65,000 | $ 65,000 | $ 66,000 |
| Lawrence, KS | 1 | $ 55,000 | $ 55,000 | $ 133,000 |
| Lexington-Fayette, KY | 1 | $ 85,000 | $ 85,000 | $ 92,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 145,000 | $ 145,000 | $ 279,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 35,000 | $ 35,000 | $ 103,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 305,000 | $ 305,000 | $ 122,000 |
| Nassau County-Suffolk County, NY | 1 | $ 105,000 | $ 105,000 | $ 164,000 |
| New Bern, NC | 1 | $ 215,000 | $ 215,000 | $ 86,000 |
| Ocean City, NJ | 1 | $ 425,000 | $ 425,000 | $ 158,000 |
| Ogden-Clearfield, UT | 1 | $ 75,000 | $ 75,000 | $ 87,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 215,000 | $ 215,000 | $ 217,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 465,000 | $ 465,000 | $ 217,000 |
| Pittsburgh, PA | 1 | $ 35,000 | $ 35,000 | $ 39,000 |
| Salisbury, MD-DE | 1 | $ 375,000 | $ 375,000 | $ 207,000 |
| Santa Rosa, CA | 1 | $ 195,000 | $ 195,000 | $ 219,000 |
| Topeka, KS | 1 | $ 5,000 | $ 5,000 | $ 45,000 |
| Tulsa, OK | 1 | $ 95,000 | $ 95,000 | $ 144,000 |
| Wheeling, WV-OH | 1 | $ 25,000 | $ 25,000 | $ 99,000 |
| Wilmington, DE-MD-NJ | 1 | $ 225,000 | $ 225,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for Proponent FCU in 2022
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 Improvement | 235 | $27,915,000 | $118,000 | $825,000 | $131,000 | $1,080,000 |
| Other Purpose | 207 | $20,015,000 | $96,000 | $505,000 | $142,000 | $1,009,000 |
| Home Purchase | 148 | $61,670,000 | $416,000 | $1,325,000 | $169,000 | $550,000 |
| Refinancing | 133 | $23,665,000 | $177,000 | $845,000 | $144,000 | $1,010,000 |
| Cash-out Refinancing | 42 | $13,710,000 | $326,000 | $1,125,000 | $134,000 | $305,000 |
| 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 | 356 | $64,060,000 | $179,000 | $965,000 | $137,000 | $690,000 |
| Not Provided | 131 | $30,925,000 | $236,000 | $1,135,000 | $165,000 | $1,080,000 |
| Black or African American | 107 | $14,315,000 | $133,000 | $1,125,000 | $105,000 | $360,000 |
| Hispanic | 83 | $13,595,000 | $163,000 | $545,000 | $138,000 | $1,009,000 |
| Asian | 54 | $13,160,000 | $243,000 | $1,325,000 | $198,000 | $1,010,000 |
| American Indian or Alaskan Native | 9 | $1,175,000 | $130,000 | $465,000 | $127,000 | $272,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $850,000 | $425,000 | $435,000 | $102,000 | $126,000 |
| 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) | 765 | $146,975,000 | $192,000 | $1,325,000 | $144,000 | $1,080,000 |
| 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 | 460 | $89,130,000 | $193,000 | $1,135,000 | $149,000 | $1,009,000 |
| Application Withdrawn By Applicant | 171 | $35,475,000 | $207,000 | $1,325,000 | $145,000 | $1,010,000 |
| Application Denied By Financial Institution | 131 | $21,865,000 | $166,000 | $1,125,000 | $124,000 | $1,080,000 |
| Application Approved But Not Accepted | 3 | $505,000 | $168,000 | $205,000 | $122,000 | $146,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 634 | $125,110,000 | $197,000 | $1,325,000 | $148,000 | $1,010,000 |
| Credit History | 46 | $5,490,000 | $119,000 | $495,000 | $109,000 | $309,000 |
| Debt-To-Income Ratio | 32 | $4,070,000 | $127,000 | $365,000 | $78,000 | $319,000 |
| Other | 30 | $5,550,000 | $185,000 | $575,000 | $199,000 | $1,080,000 |
| Collateral | 10 | $2,130,000 | $213,000 | $1,045,000 | $124,000 | $264,000 |
| Credit Application Incomplete | 9 | $3,915,000 | $435,000 | $1,125,000 | $140,000 | $290,000 |
| Unverifiable Information | 2 | $120,000 | $60,000 | $85,000 | $45,000 | $54,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $590,000 | $295,000 | $495,000 | $76,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Proponent FCU's 2022 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 FCU'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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