Valley National Bank Mortgage Lending & HMDA Data, 2025

In 2025, Valley National Bank of Passaic, NJ reported 4,786 mortgage applications totaling $2.3 billion, up 17% from 2024. The average application was for $475,300, and applicants reported an average income of $257,697. 63% of its applications resulted in an originated loan and 18% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (1,409), Newark, NJ-PA (859) and Lakewood-New Brunswick, NJ (564) (applications in parentheses).

Mortgage Company & Address Valley National Bank
615 Main Avenue
Passaic, NJ 07055
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  
Total Number of Mortgage Applications 4,786
Total Mortgage Loan Application Amount $2,274,790,000
Average Mortgage Loan Application Amount $475,300
Highest Mortgage Loan Application Amount $63,755,000
Average Applicant Income $257,697
Highest Applicant Income $9,219,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Valley National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Valley National Bank by County in 2025

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Bergen, New Jersey 462 $ 198,370,000 $ 429,372 $ 268,000
Essex, New Jersey 321 $ 97,325,000 $ 303,193 $ 203,000
Passaic, New Jersey 318 $ 67,740,000 $ 213,018 $ 154,000
Morris, New Jersey 271 $ 68,025,000 $ 251,014 $ 211,000
Nassau, New York 215 $ 96,475,000 $ 448,720 $ 296,000
Monmouth, New Jersey 208 $ 68,570,000 $ 329,663 $ 243,000
Hudson, New Jersey 178 $ 77,040,000 $ 432,808 $ 229,000
Suffolk, New York 178 $ 71,280,000 $ 400,449 $ 298,000
Union, New Jersey 165 $ 57,095,000 $ 346,030 $ 188,000
Kings, New York 164 $ 148,310,000 $ 904,329 $ 250,000
Middlesex, New Jersey 150 $ 47,690,000 $ 317,933 $ 168,000
Palm Beach, Florida 147 $ 69,155,000 $ 470,442 $ 410,000
Pinellas, Florida 141 $ 87,785,000 $ 622,588 $ 294,000
Broward, Florida 130 $ 42,490,000 $ 326,846 $ 257,000
Hillsborough, Florida 127 $ 97,185,000 $ 765,236 $ 516,000
Somerset, New Jersey 122 $ 28,880,000 $ 236,721 $ 253,000
Queens, New York 104 $ 41,910,000 $ 402,980 $ 182,000
Miami-Dade, Florida 101 $ 73,695,000 $ 729,653 $ 289,000
Ocean, New Jersey 84 $ 26,390,000 $ 314,166 $ 261,000
Sussex, New Jersey 84 $ 14,930,000 $ 177,738 $ 171,000
Westchester, New York 58 $ 20,920,000 $ 360,689 $ 465,000
Cape May, New Jersey 42 $ 40,440,000 $ 962,857 $ 625,000
Collier, Florida 38 $ 10,940,000 $ 287,894 $ 208,000
Lee, Florida 36 $ 11,540,000 $ 320,555 $ 232,000
Warren, New Jersey 35 $ 29,615,000 $ 846,142 $ 128,000
Sarasota, Florida 34 $ 23,950,000 $ 704,411 $ 417,000
Rockland, New York 34 $ 17,900,000 $ 526,470 $ 319,000
New York, New York 32 $ 107,150,000 $ 3,348,437 $ 409,000
Jefferson, Alabama 31 $ 6,055,000 $ 195,322 $ 159,000
Brevard, Florida 30 $ 8,660,000 $ 288,666 $ 93,000
Richmond, New York 29 $ 9,045,000 $ 311,896 $ 307,000
Orange, New York 28 $ 7,220,000 $ 257,857 $ 233,000
Dutchess, New York 26 $ 9,650,000 $ 371,153 $ 190,000
Ulster, New York 26 $ 8,360,000 $ 321,538 $ 195,000
Montgomery, Alabama 24 $ 3,020,000 $ 125,833 $ 116,000
Orange, Florida 24 $ 27,860,000 $ 1,160,833 $ 193,000
Mercer, New Jersey 24 $ 11,080,000 $ 461,666 $ 315,000
Duval, Florida 23 $ 6,755,000 $ 293,695 $ 264,000
Polk, Florida 22 $ 18,490,000 $ 840,454 $ 141,000
St. Johns, Florida 21 $ 5,325,000 $ 253,571 $ 231,000
Bronx, New York 21 $ 135,655,000 $ 6,459,761 $ 120,000
Lee, Alabama 20 $ 8,860,000 $ 443,000 $ 125,000
Pasco, Florida 20 $ 6,510,000 $ 325,500 $ 158,000
Seminole, Florida 20 $ 4,080,000 $ 204,000 $ 109,000
Shelby, Alabama 18 $ 4,650,000 $ 258,333 $ 209,000
Hunterdon, New Jersey 18 $ 5,330,000 $ 296,111 $ 214,000
Tallapoosa, Alabama 17 $ 1,625,000 $ 95,588 $ 61,000
St. Clair, Alabama 15 $ 2,355,000 $ 157,000 $ 114,000
Elmore, Alabama 14 $ 1,520,000 $ 108,571 $ 95,000
Manatee, Florida 13 $ 11,985,000 $ 921,923 $ 300,000
Atlantic, New Jersey 13 $ 7,625,000 $ 586,538 $ 355,000
Los Angeles, California 11 $ 16,765,000 $ 1,524,090 $ 1,169,000
Camden, New Jersey 11 $ 2,975,000 $ 270,454 $ 235,000
Burlington, New Jersey 10 $ 3,420,000 $ 342,000 $ 220,000
Sullivan, New York 10 $ 2,390,000 $ 239,000 $ 353,000
Western Connecticut Planning Region, Connecticut 9 $ 8,005,000 $ 889,444 $ 812,000
Volusia, Florida 9 $ 3,515,000 $ 390,555 $ 375,000
Putnam, New York 9 $ 3,855,000 $ 428,333 $ 206,000
Marion, Florida 7 $ 1,475,000 $ 210,714 $ 85,000
Pike, Pennsylvania 7 $ 1,155,000 $ 165,000 $ 197,000
South Central Connecticut Planning Region, Connecticut 6 $ 2,230,000 $ 371,666 $ 172,000
Indian River, Florida 6 $ 1,100,000 $ 183,333 $ 104,000
Cook, Illinois 6 $ 11,230,000 $ 1,871,666 $ 622,000
Philadelphia, Pennsylvania 6 $ 51,490,000 $ 8,581,666 $ 158,000
Horry, South Carolina 6 $ 1,520,000 $ 253,333 $ 261,000
Martin, Florida 5 $ 1,805,000 $ 361,000 $ 237,000
St. Lucie, Florida 5 $ 925,000 $ 185,000 $ 165,000
Bucks, Pennsylvania 5 $ 2,815,000 $ 563,000 $ 511,000
Monroe, Pennsylvania 5 $ 1,335,000 $ 267,000 $ 201,000
Sussex, Delaware 4 $ 1,400,000 $ 350,000 $ 228,000
Lake, Florida 4 $ 840,000 $ 210,000 $ 458,000
Middlesex, Massachusetts 4 $ 2,060,000 $ 515,000 $ 241,000
Gloucester, New Jersey 4 $ 500,000 $ 125,000 $ 105,000
Greene, New York 4 $ 1,880,000 $ 470,000 $ 277,000
Chester, Pennsylvania 4 $ 3,640,000 $ 910,000 $ 482,000
Delaware, Pennsylvania 4 $ 1,060,000 $ 265,000 $ 162,000
Lehigh, Pennsylvania 4 $ 870,000 $ 217,500 $ 103,000
Montgomery, Pennsylvania 4 $ 1,360,000 $ 340,000 $ 548,000
District of Columbia, District Of Columbia 3 $ 2,085,000 $ 695,000 $ 86,000
Hernando, Florida 3 $ 1,195,000 $ 398,333 $ 64,000
Gallatin, Montana 3 $ 1,485,000 $ 495,000 $ 149,000
Cumberland, New Jersey 3 $ 1,485,000 $ 495,000 $ 186,000
Delaware, New York 3 $ 925,000 $ 308,333 $ 265,000
Monroe, New York 3 $ 345,000 $ 115,000 $ 98,000
Cherokee, North Carolina 3 $ 735,000 $ 245,000 $ 70,000
Mecklenburg, North Carolina 3 $ 2,425,000 $ 808,333 $ 619,000
Lackawanna, Pennsylvania 3 $ 845,000 $ 281,666 $ 181,000
Windham, Vermont 3 $ 2,085,000 $ 695,000 $ 491,000
Autauga, Alabama 2 $ 140,000 $ 70,000 $ 92,000
Baldwin, Alabama 2 $ 530,000 $ 265,000 $ 499,000
DeKalb, Alabama 2 $ 360,000 $ 180,000 $ 63,000
Morgan, Alabama 2 $ 14,010,000 $ 7,005,000 $ 0
Randolph, Alabama 2 $ 290,000 $ 145,000 $ 45,000
Capitol Planning Region, Connecticut 2 $ 220,000 $ 110,000 $ 309,000
Greater Bridgeport Planning Region, Connecticut 2 $ 350,000 $ 175,000 $ 248,000
Northeastern Connecticut Planning Region, Connecticut 2 $ 1,160,000 $ 580,000 $ 225,000
Monroe, Florida 2 $ 930,000 $ 465,000 $ 286,000
Okaloosa, Florida 2 $ 510,000 $ 255,000 $ 215,000
Charlton, Georgia 2 $ 350,000 $ 175,000 $ 42,000
DeKalb, Georgia 2 $ 1,830,000 $ 915,000 $ 315,000
Graves, Kentucky 2 $ 560,000 $ 280,000 $ 143,000
Nantucket, Massachusetts 2 $ 6,010,000 $ 3,005,000 $ 3,107,000
Columbia, New York 2 $ 1,210,000 $ 605,000 $ 192,000
Jefferson, New York 2 $ 590,000 $ 295,000 $ 424,000
Seneca, New York 2 $ 300,000 $ 150,000 $ 74,000
Brunswick, North Carolina 2 $ 920,000 $ 460,000 $ 224,000
Berks, Pennsylvania 2 $ 310,000 $ 155,000 $ 136,000
Luzerne, Pennsylvania 2 $ 270,000 $ 135,000 $ 150,000
Northampton, Pennsylvania 2 $ 510,000 $ 255,000 $ 354,000
Susquehanna, Pennsylvania 2 $ 130,000 $ 65,000 $ 0
Wayne, Pennsylvania 2 $ 420,000 $ 210,000 $ 173,000
Beaufort, South Carolina 2 $ 2,050,000 $ 1,025,000 $ 344,000
Charleston, South Carolina 2 $ 3,610,000 $ 1,805,000 $ 1,475,000
Fairfax, Virginia 2 $ 890,000 $ 445,000 $ 267,000
Calhoun, Alabama 1 $ 445,000 $ 445,000 $ 115,000
Chambers, Alabama 1 $ 215,000 $ 215,000 $ 51,000
Clay, Alabama 1 $ 55,000 $ 55,000 $ 52,000
Coosa, Alabama 1 $ 105,000 $ 105,000 $ 66,000
Cullman, Alabama 1 $ 455,000 $ 455,000 $ 105,000
Talladega, Alabama 1 $ 175,000 $ 175,000 $ 137,000
Tuscaloosa, Alabama 1 $ 155,000 $ 155,000 $ 57,000
Contra Costa, California 1 $ 615,000 $ 615,000 $ 1,314,000
Orange, California 1 $ 185,000 $ 185,000 $ 188,000
Riverside, California 1 $ 625,000 $ 625,000 $ 248,000
Sacramento, California 1 $ 155,000 $ 155,000 $ 41,000
San Diego, California 1 $ 2,505,000 $ 2,505,000 $ 1,747,000
Santa Clara, California 1 $ 505,000 $ 505,000 $ 583,000
Ventura, California 1 $ 3,755,000 $ 3,755,000 $ 2,023,000
Bay, Florida 1 $ 355,000 $ 355,000 $ 219,000
Citrus, Florida 1 $ 65,000 $ 65,000 $ 81,000
Escambia, Florida 1 $ 175,000 $ 175,000 $ 137,000
Lafayette, Florida 1 $ 225,000 $ 225,000 $ 350,000
Okeechobee, Florida 1 $ 435,000 $ 435,000 $ 92,000
Osceola, Florida 1 $ 305,000 $ 305,000 $ 227,000
Sumter, Florida 1 $ 225,000 $ 225,000 $ 153,000
Camden, Georgia 1 $ 55,000 $ 55,000 $ 97,000
Lake, Illinois 1 $ 305,000 $ 305,000 $ 187,000
Orleans, Louisiana 1 $ 215,000 $ 215,000 $ 149,000
York, Maine 1 $ 175,000 $ 175,000 $ 246,000
Anne Arundel, Maryland 1 $ 295,000 $ 295,000 $ 115,000
Montgomery, Maryland 1 $ 305,000 $ 305,000 $ 460,000
Jackson, Mississippi 1 $ 315,000 $ 315,000 $ 100,000
St. Louis, Missouri 1 $ 715,000 $ 715,000 $ 1,765,000
Flathead, Montana 1 $ 2,275,000 $ 2,275,000 $ 1,000,000
Douglas, Nevada 1 $ 3,905,000 $ 3,905,000 $ 2,522,000
Broome, New York 1 $ 425,000 $ 425,000 $ 872,000
Cayuga, New York 1 $ 205,000 $ 205,000 $ 296,000
Erie, New York 1 $ 235,000 $ 235,000 $ 61,000
Essex, New York 1 $ 205,000 $ 205,000 $ 187,000
Oneida, New York 1 $ 175,000 $ 175,000 $ 52,000
Rensselaer, New York 1 $ 355,000 $ 355,000 $ 697,000
Tompkins, New York 1 $ 325,000 $ 325,000 $ 223,000
Warren, New York 1 $ 125,000 $ 125,000 $ 87,000
Wayne, New York 1 $ 1,345,000 $ 1,345,000 $ 462,000
Guilford, North Carolina 1 $ 85,000 $ 85,000 $ 0
Jackson, North Carolina 1 $ 4,005,000 $ 4,005,000 $ 1,696,000
Rockingham, North Carolina 1 $ 535,000 $ 535,000 $ 282,000
Wake, North Carolina 1 $ 505,000 $ 505,000 $ 115,000
Lucas, Ohio 1 $ 135,000 $ 135,000 $ 192,000
Blair, Pennsylvania 1 $ 55,000 $ 55,000 $ 31,000
Carbon, Pennsylvania 1 $ 125,000 $ 125,000 $ 97,000
Centre, Pennsylvania 1 $ 255,000 $ 255,000 $ 372,000
Jefferson, Pennsylvania 1 $ 2,945,000 $ 2,945,000 $ 0
Montour, Pennsylvania 1 $ 105,000 $ 105,000 $ 75,000
Maury, Tennessee 1 $ 355,000 $ 355,000 $ 611,000
Williamson, Tennessee 1 $ 805,000 $ 805,000 $ 408,000
El Paso, Texas 1 $ 405,000 $ 405,000 $ 163,000
Tarrant, Texas 1 $ 285,000 $ 285,000 $ 169,000
Windsor, Vermont 1 $ 235,000 $ 235,000 $ 304,000
Virginia Beach, Virginia 1 $ 345,000 $ 345,000 $ 109,000
Morgan, West Virginia 1 $ 435,000 $ 435,000 $ 103,000
Walworth, Wisconsin 1 $ 305,000 $ 305,000 $ 280,000
Winnebago, Wisconsin 1 $ 985,000 $ 985,000 $ 1,318,000

Mortgage Loan Application Detail Totals for Valley National Bank in 2025

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 Purchase 1,720 $1,251,080,000 $727,000 $63,755,000 $248,000 $9,219,000
Home Improvement 1,394 $274,330,000 $196,000 $2,705,000 $232,000 $4,519,000
Cash-out Refinancing 852 $331,000,000 $388,000 $23,505,000 $237,000 $3,130,000
Other Purpose 676 $210,800,000 $311,000 $13,755,000 $342,000 $8,413,000
Refinancing 144 $207,580,000 $1,441,000 $46,545,000 $349,000 $2,384,000
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 2,441 $924,995,000 $378,000 $16,455,000 $290,000 $9,219,000
Not Provided 807 $300,865,000 $372,000 $4,905,000 $309,000 $4,536,000
Hispanic 642 $187,580,000 $292,000 $5,005,000 $167,000 $2,167,000
Asian 432 $186,030,000 $430,000 $7,005,000 $238,000 $2,863,000
Not applicable 253 $601,345,000 $2,376,000 $63,755,000 $84,000 $394,000
Black or African American 196 $70,720,000 $360,000 $1,605,000 $150,000 $601,000
American Indian or Alaskan Native 14 $3,140,000 $224,000 $535,000 $132,000 $381,000
Native Hawaiian or Other Pacific Islander 1 $115,000 $115,000 $115,000 $45,000 $45,000

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) 4,695 $2,236,525,000 $476,000 $63,755,000 $260,000 $9,219,000
FHA-insured (Federal Housing Administration) 70 $30,560,000 $436,000 $1,185,000 $149,000 $1,608,000
VA-guaranteed (Veterans Administration) 15 $6,495,000 $433,000 $695,000 $121,000 $228,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6 $1,210,000 $201,000 $365,000 $62,000 $95,000

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 3,036 $1,686,390,000 $555,000 $63,755,000 $286,000 $8,413,000
Application Denied By Financial Institution 875 $260,035,000 $297,000 $3,745,000 $175,000 $4,536,000
Application Withdrawn By Applicant 359 $168,055,000 $468,000 $13,755,000 $307,000 $9,219,000
Application Approved But Not Accepted 247 $90,085,000 $364,000 $4,005,000 $259,000 $3,804,000
Loan Purchased By The Institution 210 $47,110,000 $224,000 $505,000 $85,000 $394,000
File Closed For Incompleteness 59 $23,115,000 $391,000 $2,565,000 $336,000 $2,531,000
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 3,911 $2,014,755,000 $515,000 $63,755,000 $276,000 $9,219,000
Debt-To-Income Ratio 597 $165,905,000 $277,000 $3,745,000 $129,000 $929,000
Collateral 117 $47,525,000 $406,000 $3,525,000 $319,000 $2,384,000
Other 57 $16,395,000 $287,000 $1,185,000 $215,000 $1,765,000
Credit History 50 $8,430,000 $168,000 $625,000 $211,000 $840,000
Credit Application Incomplete 26 $10,800,000 $415,000 $1,225,000 $515,000 $4,536,000
Unverifiable Information 15 $5,175,000 $345,000 $1,045,000 $63,000 $543,000
Insufficient Cash (Downpayment, Closing Cost) 10 $4,290,000 $429,000 $795,000 $127,000 $247,000
Employment History 3 $1,515,000 $505,000 $765,000 $173,000 $250,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Valley National Bank's 2025 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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