Valley National Bank
Mortgage Loan Application
Totals and Details
for 2005
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 Valley National Bank.
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 | 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 | 2,197 |
| Total Mortgage Loan Application Amount | $513,656,000 |
| Average Mortgage Loan Application Amount | $260,464 |
| Highest Mortgage Loan Application Amount | $11,500,000 |
| Average Applicant Income | $171,321 |
| Highest Applicant Income | $7,023,000 |
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.
| 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 | 344 | $ 88,926,000 | $ 258,000 | $ 111,000 |
| Passaic County New Jersey | 300 | $ 48,558,000 | $ 161,000 | $ 101,000 |
| Morris County New Jersey | 271 | $ 59,650,000 | $ 220,000 | $ 132,000 |
| Essex County New Jersey | 218 | $ 42,451,000 | $ 194,000 | $ 95,000 |
| Sussex County New Jersey | 133 | $ 17,756,000 | $ 133,000 | $ 92,000 |
| Monmouth County New Jersey | 123 | $ 31,164,000 | $ 253,000 | $ 142,000 |
| Hudson County New Jersey | 91 | $ 19,685,000 | $ 216,000 | $ 90,000 |
| Middlesex County New Jersey | 82 | $ 19,550,000 | $ 238,000 | $ 99,000 |
| Somerset County New Jersey | 76 | $ 21,234,000 | $ 279,000 | $ 136,000 |
| Union County New Jersey | 76 | $ 15,620,000 | $ 205,000 | $ 92,000 |
| Ocean County New Jersey | 72 | $ 16,933,000 | $ 235,000 | $ 185,000 |
| Warren County New Jersey | 65 | $ 8,326,000 | $ 128,000 | $ 73,000 |
| New York County New York | 22 | $ 22,834,000 | $ 1,037,000 | $ 428,000 |
| Hunterdon County New Jersey | 21 | $ 7,161,000 | $ 341,000 | $ 213,000 |
| Mercer County New Jersey | 20 | $ 4,566,000 | $ 228,000 | $ 82,000 |
| Westchester County New York | 18 | $ 6,162,000 | $ 342,000 | $ 177,000 |
| Suffolk County New York | 14 | $ 7,124,000 | $ 508,000 | $ 354,000 |
| Nassau County New York | 12 | $ 4,996,000 | $ 416,000 | $ 147,000 |
| Orange County New York | 12 | $ 2,981,000 | $ 248,000 | $ 140,000 |
| Queens County New York | 10 | $ 8,594,000 | $ 859,000 | $ 74,000 |
| Rockland County New York | 10 | $ 5,959,000 | $ 595,000 | $ 104,000 |
| Atlantic County New Jersey | 9 | $ 1,260,000 | $ 140,000 | $ 101,000 |
| Burlington County New Jersey | 9 | $ 2,675,000 | $ 297,000 | $ 123,000 |
| Bucks County Pennsylvania | 9 | $ 2,492,000 | $ 276,000 | $ 106,000 |
| Duval County Florida | 8 | $ 1,909,000 | $ 238,000 | $ 142,000 |
| Palm Beach County Florida | 8 | $ 2,250,000 | $ 281,000 | $ 158,000 |
| Kings County New York | 8 | $ 3,631,000 | $ 453,000 | $ 315,000 |
| Monroe County Pennsylvania | 8 | $ 780,000 | $ 97,000 | $ 71,000 |
| Pike County Pennsylvania | 8 | $ 1,155,000 | $ 144,000 | $ 78,000 |
| Fairfield County Connecticut | 7 | $ 4,356,000 | $ 622,000 | $ 266,000 |
| Montgomery County Pennsylvania | 7 | $ 2,209,000 | $ 315,000 | $ 157,000 |
| Camden County New Jersey | 6 | $ 1,137,000 | $ 189,000 | $ 107,000 |
| Gloucester County New Jersey | 6 | $ 997,000 | $ 166,000 | $ 76,000 |
| Richmond County New York | 5 | $ 1,155,000 | $ 231,000 | $ 140,000 |
| Northampton County Pennsylvania | 5 | $ 1,397,000 | $ 279,000 | $ 60,000 |
| Philadelphia County Pennsylvania | 5 | $ 1,494,000 | $ 298,000 | $ 138,000 |
| Hartford County Connecticut | 4 | $ 706,000 | $ 176,000 | $ 98,000 |
| St. Johns County Florida | 4 | $ 1,489,000 | $ 372,000 | $ 184,000 |
| Cape May County New Jersey | 4 | $ 1,356,000 | $ 339,000 | $ 336,000 |
| York County Pennsylvania | 4 | $ 513,000 | $ 128,000 | $ 95,000 |
| Broward County Florida | 3 | $ 952,000 | $ 317,000 | $ 92,000 |
| Miami-Dade County Florida | 3 | $ 872,000 | $ 290,000 | $ 353,000 |
| Dutchess County New York | 3 | $ 1,764,000 | $ 588,000 | $ 534,000 |
| Chester County Pennsylvania | 3 | $ 1,006,000 | $ 335,000 | $ 223,000 |
| Delaware County Pennsylvania | 3 | $ 367,000 | $ 122,000 | $ 108,000 |
| New Haven County Connecticut | 2 | $ 218,000 | $ 109,000 | $ 80,000 |
| New London County Connecticut | 2 | $ 420,000 | $ 210,000 | $ 65,000 |
| Kent County Delaware | 2 | $ 200,000 | $ 100,000 | $ 120,000 |
| Cumberland County New Jersey | 2 | $ 225,000 | $ 112,000 | $ 56,000 |
| Salem County New Jersey | 2 | $ 102,000 | $ 51,000 | $ 50,000 |
| Bronx County New York | 2 | $ 545,000 | $ 272,000 | $ 154,000 |
| Putnam County New York | 2 | $ 617,000 | $ 308,000 | $ 134,000 |
| Sullivan County New York | 2 | $ 2,022,000 | $ 1,011,000 | $ 64,000 |
| Cumberland County Pennsylvania | 2 | $ 360,000 | $ 180,000 | $ 172,000 |
| Lancaster County Pennsylvania | 2 | $ 154,000 | $ 77,000 | $ 59,000 |
| Lehigh County Pennsylvania | 2 | $ 335,000 | $ 167,000 | $ 48,000 |
| Wayne County Pennsylvania | 2 | $ 520,000 | $ 260,000 | $ 276,000 |
| Santa Cruz County Arizona | 1 | $ 312,000 | $ 312,000 | $ 341,000 |
| Charlotte County Florida | 1 | $ 20,000 | $ 20,000 | $ 108,000 |
| Collier County Florida | 1 | $ 130,000 | $ 130,000 | $ 37,000 |
| Flagler County Florida | 1 | $ 130,000 | $ 130,000 | $ 50,000 |
| Hillsborough County Florida | 1 | $ 80,000 | $ 80,000 | $ 49,000 |
| Indian River County Florida | 1 | $ 145,000 | $ 145,000 | $ 73,000 |
| Lee County Florida | 1 | $ 115,000 | $ 115,000 | $ 75,000 |
| Orange County Florida | 1 | $ 25,000 | $ 25,000 | $ 115,000 |
| Putnam County Florida | 1 | $ 223,000 | $ 223,000 | $ 56,000 |
| Chatham County Georgia | 1 | $ 102,000 | $ 102,000 | $ 68,000 |
| Coweta County Georgia | 1 | $ 336,000 | $ 336,000 | $ 133,000 |
| DeKalb County Georgia | 1 | $ 190,000 | $ 190,000 | $ 66,000 |
| York County Maine | 1 | $ 70,000 | $ 70,000 | $ 95,000 |
| Montgomery County Maryland | 1 | $ 186,000 | $ 186,000 | $ 52,000 |
| Worcester County Massachusetts | 1 | $ 90,000 | $ 90,000 | $ 58,000 |
| Albany County New York | 1 | $ 15,000 | $ 15,000 | $ 44,000 |
| Clinton County New York | 1 | $ 182,000 | $ 182,000 | $ 103,000 |
| Oneida County New York | 1 | $ 100,000 | $ 100,000 | $ 194,000 |
| Rensselaer County New York | 1 | $ 250,000 | $ 250,000 | $ 480,000 |
| St. Lawrence County New York | 1 | $ 80,000 | $ 80,000 | $ 132,000 |
| Ulster County New York | 1 | $ 300,000 | $ 300,000 | $ 118,000 |
| Washington County New York | 1 | $ 240,000 | $ 240,000 | $ 141,000 |
| Brunswick County North Carolina | 1 | $ 170,000 | $ 170,000 | $ 215,000 |
| Guilford County North Carolina | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| New Hanover County North Carolina | 1 | $ 180,000 | $ 180,000 | $ 200,000 |
| Berks County Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 97,000 |
| Lackawanna County Pennsylvania | 1 | $ 500,000 | $ 500,000 | $ 350,000 |
| Susquehanna County Pennsylvania | 1 | $ 83,000 | $ 83,000 | $ 287,000 |
| Westmoreland County Pennsylvania | 1 | $ 40,000 | $ 40,000 | $ 24,000 |
| Windham County Vermont | 1 | $ 250,000 | $ 250,000 | $ 391,000 |
| Fairfax County Virginia | 1 | $ 146,000 | $ 146,000 | $ 95,000 |
| Gloucester County Virginia | 1 | $ 50,000 | $ 50,000 | $ 207,000 |
| Teton County Wyoming | 1 | $ 1,400,000 | $ 1,400,000 | $ 936,000 |
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 Valley National Bank in 2005
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 | 781 | $224,407,000 | $362,900 | $3,750,000 | $185,300 | $3,646,000 |
| Home Purchase | 736 | $252,033,000 | $264,000 | $11,500,000 | $195,000 | $7,023,000 |
| Home Improvement | 680 | $37,216,000 | $46,400 | $500,000 | $81,800 | $800,000 |
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 |
|---|---|---|---|---|---|---|
| White | 1,623 | $358,682,000 | $286,875 | $2,695,000 | $208,375 | $7,023,000 |
| Asian | 183 | $48,886,000 | $263,000 | $1,600,000 | $123,750 | $711,000 |
| Hispanic | 179 | $28,158,000 | $152,800 | $1,000,000 | $95,200 | $769,000 |
| Not Provided | 120 | $33,776,000 | $293,666 | $2,400,000 | $175,166 | $1,368,000 |
| Black or African American | 50 | $6,583,000 | $306,750 | $500,000 | $99,000 | $180,000 |
| Not applicable | 26 | $30,930,000 | $1,200,333 | $11,500,000 | $19,333 | $499,000 |
| American Indian or Alaskan Native | 8 | $861,000 | $157,500 | $285,000 | $55,000 | $109,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $5,780,000 | $553,000 | $3,600,000 | $191,666 | $378,000 |
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) | 2,197 | $513,656,000 | $297,437 | $11,500,000 | $205,125 | $7,023,000 |
| 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 | 1,560 | $326,222,000 | $200,615 | $3,600,000 | $161,230 | $7,023,000 |
| Loan Purchased By The Institution | 258 | $92,051,000 | $364,000 | $750,000 | $158,750 | $1,137,000 |
| Application Denied By Financial Institution | 162 | $25,993,000 | $230,500 | $3,750,000 | $85,500 | $427,000 |
| Application Withdrawn By Applicant | 112 | $44,268,000 | $727,000 | $11,500,000 | $154,833 | $2,700,000 |
| Application Approved But Not Accepted | 94 | $21,706,000 | $708,000 | $2,400,000 | $395,666 | $936,000 |
| Preapproval Approved but not Accepted | 11 | $3,416,000 | $310,000 | $950,000 | $152,000 | $701,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 60 | $7,728,000 | $183,000 | $500,000 | $65,666 | $136,000 |
| Collateral | 39 | $3,017,000 | $76,600 | $350,000 | $90,400 | $427,000 |
| Credit History | 32 | $7,898,000 | $1,443,500 | $3,750,000 | $35,500 | $212,000 |
| Credit Application Incomplete | 17 | $2,985,000 | $247,500 | $500,000 | $150,500 | $348,000 |
| Other | 13 | $3,865,000 | $431,333 | $1,900,000 | $54,666 | $188,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $500,000 | $500,000 | $500,000 | $0 | $0 |
| 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 |
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.