Valley National Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003

Valley National Bank 2003 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 Valley National Bank
1460 Valley Road
Wayne, NJ 07470
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 8,462
Total Mortgage Loan Application Amount $1,618,638,000
Average Mortgage Loan Application Amount $250,611
Highest Mortgage Loan Application Amount $17,538,000
Average Applicant Income $100,777
Highest Applicant Income $3,100,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with Valley National Bank. 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 Valley National Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2003 breaks down Valley National Bank'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 Valley National Bank serves its applicants.

Each category highlights the total number of mortgage applications processed by Valley National Bank, 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 Valley National Bank's mortgage activity for 2003.

Mortgage Loan Application Totals for Valley National Bank by County in 2003

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Bergen County New Jersey 1,500 $ 344,105,000 $ 229,000 $ 108,000
Morris County New Jersey 1,168 $ 232,538,000 $ 199,000 $ 98,000
Passaic County New Jersey 1,143 $ 190,088,000 $ 166,000 $ 81,000
Essex County New Jersey 881 $ 188,671,000 $ 214,000 $ 100,000
Sussex County New Jersey 433 $ 62,578,000 $ 144,000 $ 82,000
Middlesex County New Jersey 328 $ 51,716,000 $ 157,000 $ 95,000
Union County New Jersey 290 $ 55,312,000 $ 190,000 $ 90,000
Hudson County New Jersey 242 $ 39,205,000 $ 162,000 $ 75,000
Somerset County New Jersey 235 $ 52,795,000 $ 224,000 $ 99,000
Ocean County New Jersey 228 $ 36,626,000 $ 160,000 $ 100,000
Monmouth County New Jersey 201 $ 39,639,000 $ 197,000 $ 114,000
Warren County New Jersey 186 $ 28,516,000 $ 153,000 $ 95,000
Montgomery County Pennsylvania 115 $ 18,038,000 $ 156,000 $ 126,000
Westchester County New York 99 $ 29,363,000 $ 296,000 $ 128,000
Hunterdon County New Jersey 77 $ 17,176,000 $ 223,000 $ 109,000
Bucks County Pennsylvania 77 $ 10,671,000 $ 138,000 $ 123,000
Mercer County New Jersey 74 $ 13,915,000 $ 188,000 $ 113,000
Chester County Pennsylvania 65 $ 12,066,000 $ 185,000 $ 104,000
Delaware County Pennsylvania 57 $ 7,544,000 $ 132,000 $ 199,000
Rockland County New York 55 $ 13,849,000 $ 251,000 $ 102,000
Burlington County New Jersey 52 $ 6,398,000 $ 123,000 $ 76,000
Nassau County New York 50 $ 15,789,000 $ 315,000 $ 159,000
New York County New York 40 $ 22,780,000 $ 569,000 $ 213,000
Suffolk County New York 40 $ 10,423,000 $ 260,000 $ 273,000
Camden County New Jersey 39 $ 4,143,000 $ 106,000 $ 71,000
York County Pennsylvania 36 $ 3,628,000 $ 100,000 $ 73,000
Philadelphia County Pennsylvania 35 $ 2,818,000 $ 80,000 $ 76,000
Atlantic County New Jersey 34 $ 4,133,000 $ 121,000 $ 104,000
Berks County Pennsylvania 30 $ 3,068,000 $ 102,000 $ 95,000
Lancaster County Pennsylvania 29 $ 3,479,000 $ 119,000 $ 100,000
Queens County New York 27 $ 6,220,000 $ 230,000 $ 74,000
Orange County New York 25 $ 3,718,000 $ 148,000 $ 94,000
Gloucester County New Jersey 24 $ 2,253,000 $ 93,000 $ 82,000
Lehigh County Pennsylvania 23 $ 2,197,000 $ 95,000 $ 90,000
Northampton County Pennsylvania 23 $ 2,186,000 $ 95,000 $ 55,000
Cape May County New Jersey 20 $ 3,032,000 $ 151,000 $ 153,000
Palm Beach County Florida 18 $ 4,504,000 $ 250,000 $ 179,000
Dutchess County New York 18 $ 2,742,000 $ 152,000 $ 86,000
Pike County Pennsylvania 17 $ 1,693,000 $ 99,000 $ 85,000
Fairfield County Connecticut 16 $ 7,410,000 $ 463,000 $ 242,000
Hillsborough County New Hampshire 16 $ 1,972,000 $ 123,000 $ 105,000
Dauphin County Pennsylvania 16 $ 1,621,000 $ 101,000 $ 71,000
Cumberland County Pennsylvania 15 $ 1,304,000 $ 86,000 $ 74,000
Monroe County Pennsylvania 15 $ 1,662,000 $ 110,000 $ 102,000
Allegheny County Pennsylvania 14 $ 1,233,000 $ 88,000 $ 75,000
Lee County Florida 13 $ 2,220,000 $ 170,000 $ 126,000
Cumberland County New Jersey 12 $ 1,113,000 $ 92,000 $ 65,000
Richmond County New York 12 $ 2,630,000 $ 219,000 $ 87,000
Lebanon County Pennsylvania 12 $ 1,324,000 $ 110,000 $ 103,000
New Castle County Delaware 10 $ 1,131,000 $ 113,000 $ 79,000
Cumberland County Maine 10 $ 895,000 $ 89,000 $ 63,000
Rockingham County New Hampshire 10 $ 1,168,000 $ 116,000 $ 176,000
Bronx County New York 10 $ 1,499,000 $ 149,000 $ 63,000
Kings County New York 10 $ 2,548,000 $ 254,000 $ 79,000
Middlesex County Massachusetts 7 $ 3,417,000 $ 488,000 $ 198,000
Franklin County Pennsylvania 7 $ 845,000 $ 120,000 $ 63,000
Orange County Florida 6 $ 873,000 $ 145,000 $ 66,000
Androscoggin County Maine 6 $ 482,000 $ 80,000 $ 59,000
Salem County New Jersey 6 $ 454,000 $ 75,000 $ 59,000
York County Maine 5 $ 406,000 $ 81,000 $ 77,000
Merrimack County New Hampshire 5 $ 382,000 $ 76,000 $ 84,000
Adams County Pennsylvania 5 $ 492,000 $ 98,000 $ 64,000
Hartford County Connecticut 4 $ 1,236,000 $ 309,000 $ 161,000
New London County Connecticut 4 $ 944,000 $ 236,000 $ 106,000
Sussex County Delaware 4 $ 1,158,000 $ 289,000 $ 42,000
Broward County Florida 4 $ 682,000 $ 170,000 $ 135,000
Montgomery County Maryland 4 $ 693,000 $ 173,000 $ 130,000
Essex County Massachusetts 4 $ 1,748,000 $ 437,000 $ 318,000
Worcester County Massachusetts 4 $ 767,000 $ 191,000 $ 94,000
Putnam County New York 4 $ 650,000 $ 162,000 $ 122,000
Ulster County New York 4 $ 269,000 $ 67,000 $ 93,000
Warren County New York 4 $ 545,000 $ 136,000 $ 126,000
Wayne County Pennsylvania 4 $ 841,000 $ 210,000 $ 67,000
Fairfax County Virginia 4 $ 820,000 $ 205,000 $ 100,000
Litchfield County Connecticut 3 $ 1,102,000 $ 367,000 $ 214,000
Brevard County Florida 3 $ 254,000 $ 84,000 $ 66,000
Collier County Florida 3 $ 413,000 $ 137,000 $ 242,000
Miami-Dade County Florida 3 $ 798,000 $ 266,000 $ 199,000
Volusia County Florida 3 $ 287,000 $ 95,000 $ 100,000
Sagadahoc County Maine 3 $ 269,000 $ 89,000 $ 82,000
Frederick County Maryland 3 $ 507,000 $ 169,000 $ 112,000
Greene County New York 3 $ 546,000 $ 182,000 $ 111,000
Saratoga County New York 3 $ 359,000 $ 119,000 $ 131,000
Sullivan County New York 3 $ 407,000 $ 135,000 $ 192,000
Carbon County Pennsylvania 3 $ 200,000 $ 66,000 $ 76,000
Luzerne County Pennsylvania 3 $ 171,000 $ 57,000 $ 54,000
Beaufort County South Carolina 3 $ 262,000 $ 87,000 $ 100,000
Tolland County Connecticut 2 $ 228,000 $ 114,000 $ 87,000
Windham County Connecticut 2 $ 231,000 $ 115,000 $ 67,000
Martin County Florida 2 $ 283,000 $ 141,000 $ 101,000
Osceola County Florida 2 $ 158,000 $ 79,000 $ 93,000
Pinellas County Florida 2 $ 211,000 $ 105,000 $ 157,000
Sarasota County Florida 2 $ 276,000 $ 138,000 $ 171,000
Lincoln County Maine 2 $ 265,000 $ 132,000 $ 187,000
Baltimore County Maryland 2 $ 499,000 $ 249,000 $ 125,000
Harford County Maryland 2 $ 231,000 $ 115,000 $ 101,000
Prince George's County Maryland 2 $ 404,000 $ 202,000 $ 124,000
Norfolk County Massachusetts 2 $ 799,000 $ 399,000 $ 168,000
Belknap County New Hampshire 2 $ 154,000 $ 77,000 $ 66,000
Carroll County New Hampshire 2 $ 212,000 $ 106,000 $ 192,000
Columbia County New York 2 $ 475,000 $ 237,000 $ 138,000
Erie County New York 2 $ 183,000 $ 91,000 $ 61,000
Rensselaer County New York 2 $ 415,000 $ 207,000 $ 84,000
Washington County New York 2 $ 228,000 $ 114,000 $ 102,000
Lackawanna County Pennsylvania 2 $ 188,000 $ 94,000 $ 95,000
Perry County Pennsylvania 2 $ 268,000 $ 134,000 $ 95,000
Rutland County Vermont 2 $ 350,000 $ 175,000 $ 386,000
Loudoun County Virginia 2 $ 266,000 $ 133,000 $ 57,000
Kanawha County West Virginia 2 $ 183,000 $ 91,000 $ 65,000
San Diego County California 1 $ 791,000 $ 791,000 $ 0
Adams County Colorado 1 $ 150,000 $ 150,000 $ 151,000
Middlesex County Connecticut 1 $ 60,000 $ 60,000 $ 152,000
New Haven County Connecticut 1 $ 162,000 $ 162,000 $ 130,000
Charlotte County Florida 1 $ 92,000 $ 92,000 $ 41,000
Indian River County Florida 1 $ 200,000 $ 200,000 $ 164,000
Lake County Florida 1 $ 54,000 $ 54,000 $ 93,000
Manatee County Florida 1 $ 350,000 $ 350,000 $ 96,000
Pasco County Florida 1 $ 200,000 $ 200,000 $ 143,000
Seminole County Florida 1 $ 160,000 $ 160,000 $ 61,000
St. Lucie County Florida 1 $ 260,000 $ 260,000 $ 626,000
Columbia County Georgia 1 $ 393,000 $ 393,000 $ 318,000
Dodge County Georgia 1 $ 64,000 $ 64,000 $ 54,000
Irwin County Georgia 1 $ 50,000 $ 50,000 $ 107,000
DuPage County Illinois 1 $ 169,000 $ 169,000 $ 75,000
Penobscot County Maine 1 $ 85,000 $ 85,000 $ 67,000
Anne Arundel County Maryland 1 $ 100,000 $ 100,000 $ 105,000
Carroll County Maryland 1 $ 135,000 $ 135,000 $ 46,000
Washington County Maryland 1 $ 148,000 $ 148,000 $ 48,000
Barnstable County Massachusetts 1 $ 380,000 $ 380,000 $ 189,000
Berkshire County Massachusetts 1 $ 350,000 $ 350,000 $ 0
Bristol County Massachusetts 1 $ 113,000 $ 113,000 $ 129,000
Plymouth County Massachusetts 1 $ 384,000 $ 384,000 $ 180,000
Grafton County New Hampshire 1 $ 72,000 $ 72,000 $ 192,000
Strafford County New Hampshire 1 $ 68,000 $ 68,000 $ 90,000
Albany County New York 1 $ 81,000 $ 81,000 $ 82,000
Broome County New York 1 $ 45,000 $ 45,000 $ 47,000
Delaware County New York 1 $ 114,000 $ 114,000 $ 276,000
Essex County New York 1 $ 275,000 $ 275,000 $ 105,000
Jefferson County New York 1 $ 122,000 $ 122,000 $ 47,000
Monroe County New York 1 $ 50,000 $ 50,000 $ 60,000
Montgomery County New York 1 $ 52,000 $ 52,000 $ 24,000
Onondaga County New York 1 $ 117,000 $ 117,000 $ 135,000
Ontario County New York 1 $ 142,000 $ 142,000 $ 75,000
Otsego County New York 1 $ 32,000 $ 32,000 $ 101,000
Schuyler County New York 1 $ 60,000 $ 60,000 $ 62,000
St. Lawrence County New York 1 $ 126,000 $ 126,000 $ 273,000
Steuben County New York 1 $ 88,000 $ 88,000 $ 99,000
Wake County North Carolina 1 $ 160,000 $ 160,000 $ 61,000
Butler County Ohio 1 $ 85,000 $ 85,000 $ 57,000
Butler County Pennsylvania 1 $ 100,000 $ 100,000 $ 64,000
Centre County Pennsylvania 1 $ 196,000 $ 196,000 $ 57,000
Erie County Pennsylvania 1 $ 66,000 $ 66,000 $ 45,000
Schuylkill County Pennsylvania 1 $ 129,000 $ 129,000 $ 72,000
Susquehanna County Pennsylvania 1 $ 92,000 $ 92,000 $ 86,000
Union County Pennsylvania 1 $ 121,000 $ 121,000 $ 88,000
Westmoreland County Pennsylvania 1 $ 66,000 $ 66,000 $ 73,000
Newport County Rhode Island 1 $ 365,000 $ 365,000 $ 0
Providence County Rhode Island 1 $ 265,000 $ 265,000 $ 136,000
Charleston County South Carolina 1 $ 398,000 $ 398,000 $ 216,000
Richland County South Carolina 1 $ 75,000 $ 75,000 $ 64,000
Windham County Vermont 1 $ 133,000 $ 133,000 $ 172,000
Alexandria County Virginia 1 $ 213,000 $ 213,000 $ 227,000
Arlington County Virginia 1 $ 178,000 $ 178,000 $ 81,000
Franklin County Virginia 1 $ 50,000 $ 50,000 $ 84,000
Prince William County Virginia 1 $ 120,000 $ 120,000 $ 68,000
Shenandoah County Virginia 1 $ 200,000 $ 200,000 $ 48,000
Monongalia County West Virginia 1 $ 75,000 $ 75,000 $ 68,000
Wood County West Virginia 1 $ 126,000 $ 126,000 $ 75,000

Mortgage Loan Application Detail Totals for Valley National Bank in 2003

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 (home purchase or home improvement, one-to-four family) 7,285 $1,345,299,000 $209,857 $2,000,000 $118,952 $3,100,000
Home Purchase (one-to-four family) 853 $219,895,000 $232,200 $1,100,000 $96,600 $1,896,000
Home Improvement (one-to-four family) 288 $13,158,000 $27,000 $375,000 $54,666 $312,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 36 $40,286,000 $1,106,000 $17,538,000 $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 5,859 $1,089,735,000 $206,050 $1,100,000 $120,400 $2,758,000
Information not provided by applicant in mail or telephone application 1,597 $323,267,000 $271,307 $2,000,000 $100,846 $3,100,000
Hispanic 413 $64,177,000 $182,800 $600,000 $90,200 $550,000
Asian or Pacific Islander 373 $76,957,000 $148,500 $750,000 $117,500 $1,072,000
Black 141 $20,002,000 $111,000 $450,000 $97,800 $346,000
Other 34 $6,251,000 $270,250 $457,000 $87,750 $240,000
Not applicable 24 $35,125,000 $1,416,500 $17,538,000 $0 $0
American Indian or Alaskan Native 21 $3,124,000 $148,000 $365,000 $86,000 $195,000

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) 8,462 $1,618,638,000 $211,000 $17,538,000 $111,428 $3,100,000
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 7,124 $1,264,703,000 $204,578 $1,250,000 $110,052 $3,100,000
Application Approved But Not Accepted 425 $93,217,000 $176,416 $1,000,000 $135,916 $1,392,000
Application Denied By Financial Institution 388 $63,177,000 $135,833 $1,000,000 $65,166 $332,000
Application Withdrawn By Applicant 354 $125,317,000 $325,181 $17,538,000 $118,363 $1,100,000
Loan Purchased By The Institution 171 $72,224,000 $486,400 $800,000 $243,800 $1,026,000
File Closed For Incompleteness 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 183 $25,968,000 $131,800 $850,000 $40,200 $217,000
Collateral 72 $12,515,000 $174,250 $495,000 $78,500 $317,000
Credit History 72 $14,613,000 $205,000 $1,000,000 $86,200 $236,000
Other 29 $4,644,000 $89,750 $489,000 $78,250 $332,000
Credit Application Incomplete 25 $4,117,000 $125,333 $365,000 $107,666 $278,000
Insufficient Cash (Downpayment, Closing Cost) 7 $1,320,000 $188,000 $300,000 $88,000 $185,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Valley National Bank's 2003 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 Valley National Bank'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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