Valley National Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2008
Valley National Bank 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 | 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 | 1,857 |
| Total Mortgage Loan Application Amount | $680,003,000 |
| Average Mortgage Loan Application Amount | $314,666 |
| Highest Mortgage Loan Application Amount | $17,700,000 |
| Average Applicant Income | $158,666 |
| Highest Applicant Income | $4,967,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2008 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 2008 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 2008.
| 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 | 248 | $ 94,850,000 | $ 382,000 | $ 184,000 |
| Passaic County New Jersey | 218 | $ 42,739,000 | $ 196,000 | $ 121,000 |
| Morris County New Jersey | 209 | $ 73,182,000 | $ 350,000 | $ 160,000 |
| Essex County New Jersey | 197 | $ 57,977,000 | $ 294,000 | $ 161,000 |
| Monmouth County New Jersey | 113 | $ 38,719,000 | $ 342,000 | $ 166,000 |
| Sussex County New Jersey | 96 | $ 17,196,000 | $ 179,000 | $ 106,000 |
| Union County New Jersey | 82 | $ 25,118,000 | $ 306,000 | $ 121,000 |
| Hudson County New Jersey | 63 | $ 20,273,000 | $ 321,000 | $ 171,000 |
| Middlesex County New Jersey | 62 | $ 25,302,000 | $ 408,000 | $ 130,000 |
| Somerset County New Jersey | 58 | $ 23,982,000 | $ 413,000 | $ 171,000 |
| Ocean County New Jersey | 38 | $ 11,504,000 | $ 302,000 | $ 190,000 |
| Warren County New Jersey | 36 | $ 7,255,000 | $ 201,000 | $ 102,000 |
| Montgomery County Pennsylvania | 36 | $ 19,098,000 | $ 530,000 | $ 288,000 |
| Chester County Pennsylvania | 34 | $ 16,980,000 | $ 499,000 | $ 252,000 |
| Mercer County New Jersey | 28 | $ 13,072,000 | $ 466,000 | $ 200,000 |
| Philadelphia County Pennsylvania | 26 | $ 13,228,000 | $ 508,000 | $ 288,000 |
| Bucks County Pennsylvania | 25 | $ 12,499,000 | $ 499,000 | $ 303,000 |
| Nassau County New York | 22 | $ 12,432,000 | $ 565,000 | $ 212,000 |
| New York County New York | 22 | $ 39,581,000 | $ 1,799,000 | $ 239,000 |
| Hunterdon County New Jersey | 20 | $ 8,198,000 | $ 409,000 | $ 225,000 |
| Kings County New York | 20 | $ 12,868,000 | $ 643,000 | $ 110,000 |
| Delaware County Pennsylvania | 17 | $ 7,774,000 | $ 457,000 | $ 201,000 |
| Fairfield County Connecticut | 12 | $ 7,472,000 | $ 622,000 | $ 201,000 |
| Cape May County New Jersey | 9 | $ 3,426,000 | $ 380,000 | $ 219,000 |
| Queens County New York | 9 | $ 5,685,000 | $ 631,000 | $ 96,000 |
| Suffolk County New York | 9 | $ 3,795,000 | $ 421,000 | $ 171,000 |
| Pike County Pennsylvania | 9 | $ 1,526,000 | $ 169,000 | $ 116,000 |
| Rockland County New York | 8 | $ 2,649,000 | $ 331,000 | $ 136,000 |
| Virginia Beach County Virginia | 8 | $ 5,415,000 | $ 676,000 | $ 286,000 |
| Miami-Dade County Florida | 7 | $ 2,347,000 | $ 335,000 | $ 484,000 |
| Westchester County New York | 7 | $ 4,212,000 | $ 601,000 | $ 237,000 |
| Burlington County New Jersey | 6 | $ 2,467,000 | $ 411,000 | $ 317,000 |
| Camden County New Jersey | 6 | $ 1,416,000 | $ 236,000 | $ 139,000 |
| Atlantic County New Jersey | 5 | $ 1,145,000 | $ 229,000 | $ 240,000 |
| Monroe County Pennsylvania | 5 | $ 893,000 | $ 178,000 | $ 86,000 |
| Duval County Florida | 4 | $ 2,182,000 | $ 545,000 | $ 289,000 |
| Palm Beach County Florida | 4 | $ 1,820,000 | $ 455,000 | $ 290,000 |
| Bronx County New York | 4 | $ 7,363,000 | $ 1,840,000 | $ 62,000 |
| Richmond County New York | 4 | $ 1,059,000 | $ 264,000 | $ 126,000 |
| Loudoun County Virginia | 4 | $ 2,408,000 | $ 602,000 | $ 180,000 |
| Clay County Florida | 3 | $ 843,000 | $ 281,000 | $ 113,000 |
| Orange County New York | 3 | $ 767,000 | $ 255,000 | $ 206,000 |
| Lancaster County Pennsylvania | 3 | $ 347,000 | $ 115,000 | $ 95,000 |
| Northampton County Pennsylvania | 3 | $ 1,067,000 | $ 355,000 | $ 140,000 |
| Anne Arundel County Maryland | 2 | $ 970,000 | $ 485,000 | $ 131,000 |
| Montgomery County Maryland | 2 | $ 1,178,000 | $ 589,000 | $ 274,000 |
| Prince George's County Maryland | 2 | $ 1,056,000 | $ 528,000 | $ 131,000 |
| Dutchess County New York | 2 | $ 845,000 | $ 422,000 | $ 171,000 |
| Warren County New York | 2 | $ 135,000 | $ 67,000 | $ 39,000 |
| Alexandria County Virginia | 2 | $ 1,060,000 | $ 530,000 | $ 241,000 |
| Chesapeake County Virginia | 2 | $ 1,068,000 | $ 534,000 | $ 261,000 |
| Fairfax County Virginia | 2 | $ 1,000,000 | $ 500,000 | $ 174,000 |
| Richmond City County Virginia | 2 | $ 988,000 | $ 494,000 | $ 249,000 |
| Pima County Arizona | 1 | $ 2,900,000 | $ 2,900,000 | $ 0 |
| Douglas County Colorado | 1 | $ 630,000 | $ 630,000 | $ 139,000 |
| Middlesex County Connecticut | 1 | $ 600,000 | $ 600,000 | $ 300,000 |
| New Haven County Connecticut | 1 | $ 110,000 | $ 110,000 | $ 210,000 |
| District of Columbia County District Of Columbia | 1 | $ 568,000 | $ 568,000 | $ 272,000 |
| Baker County Florida | 1 | $ 224,000 | $ 224,000 | $ 82,000 |
| Collier County Florida | 1 | $ 58,000 | $ 58,000 | $ 30,000 |
| Indian River County Florida | 1 | $ 1,400,000 | $ 1,400,000 | $ 514,000 |
| Martin County Florida | 1 | $ 221,000 | $ 221,000 | $ 400,000 |
| Monroe County Florida | 1 | $ 350,000 | $ 350,000 | $ 167,000 |
| Nassau County Florida | 1 | $ 130,000 | $ 130,000 | $ 93,000 |
| Pinellas County Florida | 1 | $ 580,000 | $ 580,000 | $ 301,000 |
| Sarasota County Florida | 1 | $ 260,000 | $ 260,000 | $ 156,000 |
| Seminole County Florida | 1 | $ 225,000 | $ 225,000 | $ 105,000 |
| St. Johns County Florida | 1 | $ 600,000 | $ 600,000 | $ 333,000 |
| Carroll County Maryland | 1 | $ 450,000 | $ 450,000 | $ 217,000 |
| Barnstable County Massachusetts | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Plymouth County Massachusetts | 1 | $ 238,000 | $ 238,000 | $ 55,000 |
| Belknap County New Hampshire | 1 | $ 85,000 | $ 85,000 | $ 56,000 |
| Salem County New Jersey | 1 | $ 40,000 | $ 40,000 | $ 110,000 |
| Putnam County New York | 1 | $ 464,000 | $ 464,000 | $ 175,000 |
| Onslow County North Carolina | 1 | $ 276,000 | $ 276,000 | $ 132,000 |
| Carbon County Pennsylvania | 1 | $ 147,000 | $ 147,000 | $ 146,000 |
| Lebanon County Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 100,000 |
| Lehigh County Pennsylvania | 1 | $ 240,000 | $ 240,000 | $ 220,000 |
| Luzerne County Pennsylvania | 1 | $ 250,000 | $ 250,000 | $ 202,000 |
| Northumberland County Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 27,000 |
| Wayne County Pennsylvania | 1 | $ 57,000 | $ 57,000 | $ 72,000 |
| York County Pennsylvania | 1 | $ 233,000 | $ 233,000 | $ 59,000 |
| Providence County Rhode Island | 1 | $ 168,000 | $ 168,000 | $ 72,000 |
| Chittenden County Vermont | 1 | $ 3,500,000 | $ 3,500,000 | $ 759,000 |
| Windham County Vermont | 1 | $ 125,000 | $ 125,000 | $ 146,000 |
| Hanover County Virginia | 1 | $ 400,000 | $ 400,000 | $ 138,000 |
| York County Virginia | 1 | $ 423,000 | $ 423,000 | $ 121,000 |
Mortgage Loan Application Detail Totals for Valley National Bank 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 | 881 | $349,761,000 | $397,000 | $8,000,000 | $153,000 | $2,644,000 |
| Home Purchase | 630 | $311,707,000 | $494,000 | $17,700,000 | $228,000 | $4,967,000 |
| Home Improvement | 346 | $18,535,000 | $53,000 | $500,000 | $95,000 | $500,000 |
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 | 1,380 | $440,787,000 | $319,000 | $4,000,000 | $173,000 | $4,967,000 |
| Asian | 165 | $73,267,000 | $444,000 | $3,500,000 | $183,000 | $1,400,000 |
| Hispanic | 122 | $22,784,000 | $186,000 | $1,100,000 | $116,000 | $960,000 |
| Not Provided | 88 | $33,636,000 | $382,000 | $1,250,000 | $228,000 | $1,659,000 |
| Not applicable | 53 | $99,725,000 | $1,881,000 | $17,700,000 | $54,000 | $759,000 |
| Black or African American | 44 | $9,211,000 | $209,000 | $600,000 | $94,000 | $330,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $400,000 | $133,000 | $220,000 | $66,000 | $108,000 |
| American Indian or Alaskan Native | 2 | $193,000 | $96,000 | $100,000 | $165,000 | $180,000 |
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) | 1,857 | $680,003,000 | $366,000 | $17,700,000 | $167,000 | $4,967,000 |
| 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 | 881 | $248,570,000 | $282,000 | $8,000,000 | $136,000 | $2,644,000 |
| Loan Purchased By The Institution | 468 | $251,191,000 | $536,000 | $1,000,000 | $243,000 | $1,010,000 |
| Application Denied By Financial Institution | 248 | $77,771,000 | $313,000 | $17,700,000 | $135,000 | $4,967,000 |
| Application Withdrawn By Applicant | 131 | $61,944,000 | $472,000 | $7,000,000 | $167,000 | $1,539,000 |
| Application Approved But Not Accepted | 127 | $39,651,000 | $312,000 | $4,000,000 | $166,000 | $1,400,000 |
| Preapproval Approved but not Accepted | 2 | $876,000 | $438,000 | $476,000 | $162,000 | $231,000 |
| 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 | 93 | $39,110,000 | $420,000 | $17,700,000 | $69,000 | $527,000 |
| Credit History | 54 | $11,005,000 | $203,000 | $1,100,000 | $149,000 | $1,043,000 |
| Collateral | 53 | $11,700,000 | $220,000 | $560,000 | $223,000 | $4,967,000 |
| Other | 24 | $8,257,000 | $344,000 | $898,000 | $157,000 | $512,000 |
| Credit Application Incomplete | 20 | $5,190,000 | $259,000 | $600,000 | $128,000 | $342,000 |
| Unverifiable Information | 2 | $912,000 | $456,000 | $700,000 | $43,000 | $87,000 |
| Employment History | 1 | $135,000 | $135,000 | $135,000 | $103,000 | $103,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,462,000 | $1,462,000 | $1,462,000 | $746,000 | $746,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Valley National Bank'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 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.
For a list of all lenders in New Jersey, download the full spreadsheet
with aggregated HMDA statistics today.