Valley National Bank Mortgage Lending & HMDA Data, 2018
In 2018, Valley National Bank of Passaic, NJ reported 7,872 mortgage applications totaling $3.7 billion, up 89% from 2017. The average application was for $472,425, and applicants reported an average income of $221,560. 67% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (3,152), Newark, NJ-PA (1,481) and Nassau County-Suffolk County, NY (921) (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 | 7,872 |
| Total Mortgage Loan Application Amount | $3,718,930,000 |
| Average Mortgage Loan Application Amount | $472,425 |
| Highest Mortgage Loan Application Amount | $73,005,000 |
| Average Applicant Income | $221,560 |
| Highest Applicant Income | $8,973,000 |
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Act (HMDA) records Valley National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 687 | $ 223,175,000 | $ 324,854 | $ 193,000 |
| Suffolk, New York | 603 | $ 286,215,000 | $ 474,651 | $ 265,000 |
| Morris, New Jersey | 500 | $ 139,790,000 | $ 279,580 | $ 192,000 |
| Essex, New Jersey | 456 | $ 154,530,000 | $ 338,881 | $ 186,000 |
| Passaic, New Jersey | 419 | $ 78,685,000 | $ 187,792 | $ 128,000 |
| Monmouth, New Jersey | 334 | $ 121,200,000 | $ 362,874 | $ 237,000 |
| Nassau, New York | 318 | $ 157,560,000 | $ 495,471 | $ 231,000 |
| Kings, New York | 310 | $ 361,870,000 | $ 1,167,322 | $ 218,000 |
| Queens, New York | 300 | $ 129,320,000 | $ 431,066 | $ 127,000 |
| Ocean, New Jersey | 260 | $ 117,850,000 | $ 453,269 | $ 294,000 |
| Hillsborough, Florida | 241 | $ 124,685,000 | $ 517,365 | $ 373,000 |
| Hudson, New Jersey | 191 | $ 79,185,000 | $ 414,581 | $ 189,000 |
| Union, New Jersey | 188 | $ 56,890,000 | $ 302,606 | $ 169,000 |
| Middlesex, New Jersey | 179 | $ 43,185,000 | $ 241,256 | $ 147,000 |
| Palm Beach, Florida | 173 | $ 64,935,000 | $ 375,346 | $ 246,000 |
| Somerset, New Jersey | 172 | $ 58,930,000 | $ 342,616 | $ 248,000 |
| Cape May, New Jersey | 166 | $ 98,450,000 | $ 593,072 | $ 361,000 |
| Pinellas, Florida | 162 | $ 100,930,000 | $ 623,024 | $ 248,000 |
| Orange, New York | 153 | $ 35,945,000 | $ 234,934 | $ 127,000 |
| New York, New York | 139 | $ 361,295,000 | $ 2,599,244 | $ 547,000 |
| Sussex, New Jersey | 123 | $ 16,555,000 | $ 134,593 | $ 120,000 |
| Westchester, New York | 93 | $ 51,205,000 | $ 550,591 | $ 238,000 |
| Dutchess, New York | 92 | $ 23,800,000 | $ 258,695 | $ 134,000 |
| Miami-Dade, Florida | 86 | $ 42,350,000 | $ 492,441 | $ 214,000 |
| Atlantic, New Jersey | 83 | $ 32,135,000 | $ 387,168 | $ 267,000 |
| Broward, Florida | 78 | $ 28,940,000 | $ 371,025 | $ 163,000 |
| Collier, Florida | 69 | $ 35,365,000 | $ 512,536 | $ 270,000 |
| Lee, Florida | 68 | $ 41,470,000 | $ 609,852 | $ 214,000 |
| Philadelphia, Pennsylvania | 64 | $ 25,960,000 | $ 405,625 | $ 399,000 |
| Warren, New Jersey | 56 | $ 7,720,000 | $ 137,857 | $ 122,000 |
| Richmond, New York | 43 | $ 16,275,000 | $ 378,488 | $ 177,000 |
| Fairfax, Virginia | 42 | $ 19,840,000 | $ 472,380 | $ 194,000 |
| Manatee, Florida | 39 | $ 51,615,000 | $ 1,323,461 | $ 366,000 |
| Ulster, New York | 39 | $ 7,295,000 | $ 187,051 | $ 142,000 |
| Orange, Florida | 38 | $ 32,130,000 | $ 845,526 | $ 351,000 |
| Hunterdon, New Jersey | 34 | $ 11,710,000 | $ 344,411 | $ 390,000 |
| Fairfield, Connecticut | 33 | $ 21,595,000 | $ 654,393 | $ 300,000 |
| Sarasota, Florida | 33 | $ 15,965,000 | $ 483,787 | $ 240,000 |
| Mercer, New Jersey | 32 | $ 13,400,000 | $ 418,750 | $ 281,000 |
| Brevard, Florida | 30 | $ 9,410,000 | $ 313,666 | $ 214,000 |
| Rockland, New York | 30 | $ 14,940,000 | $ 498,000 | $ 225,000 |
| Bucks, Pennsylvania | 29 | $ 11,765,000 | $ 405,689 | $ 230,000 |
| Tallapoosa, Alabama | 27 | $ 2,455,000 | $ 90,925 | $ 73,000 |
| Montgomery, Pennsylvania | 27 | $ 13,295,000 | $ 492,407 | $ 235,000 |
| Pasco, Florida | 21 | $ 25,345,000 | $ 1,206,904 | $ 73,000 |
| Montgomery, Maryland | 21 | $ 12,175,000 | $ 579,761 | $ 325,000 |
| Montgomery, Alabama | 19 | $ 1,815,000 | $ 95,526 | $ 64,000 |
| Polk, Florida | 19 | $ 4,705,000 | $ 247,631 | $ 124,000 |
| Burlington, New Jersey | 19 | $ 11,005,000 | $ 579,210 | $ 256,000 |
| Putnam, New York | 19 | $ 6,435,000 | $ 338,684 | $ 167,000 |
| Camden, New Jersey | 15 | $ 5,125,000 | $ 341,666 | $ 644,000 |
| Elmore, Alabama | 14 | $ 2,140,000 | $ 152,857 | $ 85,000 |
| Bronx, New York | 14 | $ 22,130,000 | $ 1,580,714 | $ 184,000 |
| Indian River, Florida | 13 | $ 1,655,000 | $ 127,307 | $ 85,000 |
| Delaware, Pennsylvania | 13 | $ 6,385,000 | $ 491,153 | $ 253,000 |
| Jefferson, Alabama | 12 | $ 5,500,000 | $ 458,333 | $ 379,000 |
| Seminole, Florida | 12 | $ 1,910,000 | $ 159,166 | $ 286,000 |
| Sullivan, New York | 12 | $ 2,280,000 | $ 190,000 | $ 97,000 |
| Loudoun, Virginia | 12 | $ 5,070,000 | $ 422,500 | $ 154,000 |
| St. Johns, Florida | 11 | $ 3,135,000 | $ 285,000 | $ 348,000 |
| Chester, Pennsylvania | 11 | $ 5,655,000 | $ 514,090 | $ 319,000 |
| Martin, Florida | 10 | $ 3,990,000 | $ 399,000 | $ 294,000 |
| Gloucester, New Jersey | 10 | $ 12,160,000 | $ 1,216,000 | $ 148,000 |
| Duval, Florida | 8 | $ 4,270,000 | $ 533,750 | $ 388,000 |
| Prince George's, Maryland | 8 | $ 1,950,000 | $ 243,750 | $ 165,000 |
| Monroe, Pennsylvania | 8 | $ 870,000 | $ 108,750 | $ 112,000 |
| Pike, Pennsylvania | 8 | $ 1,090,000 | $ 136,250 | $ 149,000 |
| Shelby, Alabama | 7 | $ 845,000 | $ 120,714 | $ 89,000 |
| District of Columbia, District Of Columbia | 7 | $ 5,125,000 | $ 732,142 | $ 205,000 |
| Marion, Florida | 7 | $ 3,325,000 | $ 475,000 | $ 379,000 |
| Berks, Pennsylvania | 7 | $ 2,075,000 | $ 296,428 | $ 143,000 |
| Prince William, Virginia | 7 | $ 2,155,000 | $ 307,857 | $ 105,000 |
| New Haven, Connecticut | 6 | $ 1,300,000 | $ 216,666 | $ 177,000 |
| Monroe, Florida | 6 | $ 4,450,000 | $ 741,666 | $ 280,000 |
| Volusia, Florida | 6 | $ 5,880,000 | $ 980,000 | $ 77,000 |
| Los Angeles, California | 5 | $ 5,125,000 | $ 1,025,000 | $ 299,000 |
| Alachua, Florida | 5 | $ 4,805,000 | $ 961,000 | $ 137,000 |
| Charlotte, Florida | 5 | $ 1,775,000 | $ 355,000 | $ 274,000 |
| St. Lucie, Florida | 5 | $ 555,000 | $ 111,000 | $ 120,000 |
| Baltimore, Maryland | 5 | $ 1,925,000 | $ 385,000 | $ 112,000 |
| Delaware, New York | 5 | $ 785,000 | $ 157,000 | $ 282,000 |
| Northampton, Pennsylvania | 5 | $ 29,985,000 | $ 5,997,000 | $ 95,000 |
| Riverside, California | 4 | $ 2,200,000 | $ 550,000 | $ 684,000 |
| Hartford, Connecticut | 4 | $ 1,210,000 | $ 302,500 | $ 268,000 |
| New Castle, Delaware | 4 | $ 1,730,000 | $ 432,500 | $ 258,000 |
| Cook, Illinois | 4 | $ 2,160,000 | $ 540,000 | $ 254,000 |
| Columbia, New York | 4 | $ 1,150,000 | $ 287,500 | $ 193,000 |
| Onondaga, New York | 4 | $ 940,000 | $ 235,000 | $ 328,000 |
| Lehigh, Pennsylvania | 4 | $ 500,000 | $ 125,000 | $ 130,000 |
| Wayne, Pennsylvania | 4 | $ 710,000 | $ 177,500 | $ 214,000 |
| Baldwin, Alabama | 3 | $ 355,000 | $ 118,333 | $ 53,000 |
| Coosa, Alabama | 3 | $ 95,000 | $ 31,666 | $ 39,000 |
| Lee, Alabama | 3 | $ 855,000 | $ 285,000 | $ 129,000 |
| St. Clair, Alabama | 3 | $ 125,000 | $ 41,666 | $ 72,000 |
| Alameda, California | 3 | $ 3,335,000 | $ 1,111,666 | $ 293,000 |
| Sussex, Delaware | 3 | $ 2,245,000 | $ 748,333 | $ 472,000 |
| Bay, Florida | 3 | $ 515,000 | $ 171,666 | $ 113,000 |
| Okaloosa, Florida | 3 | $ 2,255,000 | $ 751,666 | $ 67,000 |
| Baltimore City, Maryland | 3 | $ 1,035,000 | $ 345,000 | $ 401,000 |
| Wicomico, Maryland | 3 | $ 275,000 | $ 91,666 | $ 169,000 |
| Greene, New York | 3 | $ 605,000 | $ 201,666 | $ 231,000 |
| Oneida, New York | 3 | $ 185,000 | $ 61,666 | $ 837,000 |
| Wake, North Carolina | 3 | $ 1,105,000 | $ 368,333 | $ 156,000 |
| Allegheny, Pennsylvania | 3 | $ 1,425,000 | $ 475,000 | $ 342,000 |
| Luzerne, Pennsylvania | 3 | $ 545,000 | $ 181,666 | $ 407,000 |
| York, South Carolina | 3 | $ 975,000 | $ 325,000 | $ 194,000 |
| Williamson, Tennessee | 3 | $ 5,385,000 | $ 1,795,000 | $ 773,000 |
| James City, Virginia | 3 | $ 875,000 | $ 291,666 | $ 95,000 |
| Stafford, Virginia | 3 | $ 1,085,000 | $ 361,666 | $ 80,000 |
| Pima, Arizona | 2 | $ 840,000 | $ 420,000 | $ 96,000 |
| Flagler, Florida | 2 | $ 250,000 | $ 125,000 | $ 225,000 |
| Hernando, Florida | 2 | $ 240,000 | $ 120,000 | $ 74,000 |
| Lake, Florida | 2 | $ 930,000 | $ 465,000 | $ 279,000 |
| Osceola, Florida | 2 | $ 410,000 | $ 205,000 | $ 46,000 |
| Sumter, Florida | 2 | $ 3,610,000 | $ 1,805,000 | $ 109,000 |
| Walton, Florida | 2 | $ 370,000 | $ 185,000 | $ 104,000 |
| Cobb, Georgia | 2 | $ 410,000 | $ 205,000 | $ 375,000 |
| Fulton, Georgia | 2 | $ 860,000 | $ 430,000 | $ 743,000 |
| Hancock, Maine | 2 | $ 510,000 | $ 255,000 | $ 129,000 |
| Anne Arundel, Maryland | 2 | $ 2,650,000 | $ 1,325,000 | $ 330,000 |
| Cecil, Maryland | 2 | $ 18,730,000 | $ 9,365,000 | $ 73,000 |
| Howard, Maryland | 2 | $ 770,000 | $ 385,000 | $ 277,000 |
| Barnstable, Massachusetts | 2 | $ 1,980,000 | $ 990,000 | $ 1,685,000 |
| Middlesex, Massachusetts | 2 | $ 1,690,000 | $ 845,000 | $ 284,000 |
| Iosco, Michigan | 2 | $ 350,000 | $ 175,000 | $ 223,000 |
| Albany, New York | 2 | $ 380,000 | $ 190,000 | $ 95,000 |
| Dare, North Carolina | 2 | $ 410,000 | $ 205,000 | $ 133,000 |
| Cuyahoga, Ohio | 2 | $ 320,000 | $ 160,000 | $ 243,000 |
| Lancaster, Pennsylvania | 2 | $ 260,000 | $ 130,000 | $ 90,000 |
| Clarke, Virginia | 2 | $ 290,000 | $ 145,000 | $ 83,000 |
| Manassas, Virginia | 2 | $ 390,000 | $ 195,000 | $ 101,000 |
| Prince George, Virginia | 2 | $ 350,000 | $ 175,000 | $ 53,000 |
| Chilton, Alabama | 1 | $ 65,000 | $ 65,000 | $ 25,000 |
| Lowndes, Alabama | 1 | $ 305,000 | $ 305,000 | $ 134,000 |
| Macon, Alabama | 1 | $ 125,000 | $ 125,000 | $ 55,000 |
| Mobile, Alabama | 1 | $ 145,000 | $ 145,000 | $ 74,000 |
| Yavapai, Arizona | 1 | $ 205,000 | $ 205,000 | $ 177,000 |
| Orange, California | 1 | $ 695,000 | $ 695,000 | $ 321,000 |
| Jefferson, Colorado | 1 | $ 355,000 | $ 355,000 | $ 187,000 |
| Summit, Colorado | 1 | $ 405,000 | $ 405,000 | $ 194,000 |
| Middlesex, Connecticut | 1 | $ 585,000 | $ 585,000 | $ 341,000 |
| New London, Connecticut | 1 | $ 295,000 | $ 295,000 | $ 210,000 |
| Citrus, Florida | 1 | $ 235,000 | $ 235,000 | $ 142,000 |
| Clay, Florida | 1 | $ 175,000 | $ 175,000 | $ 54,000 |
| Highlands, Florida | 1 | $ 2,005,000 | $ 2,005,000 | $ 0 |
| Nassau, Florida | 1 | $ 135,000 | $ 135,000 | $ 59,000 |
| Putnam, Florida | 1 | $ 85,000 | $ 85,000 | $ 140,000 |
| Bartow, Georgia | 1 | $ 3,105,000 | $ 3,105,000 | $ 0 |
| Glynn, Georgia | 1 | $ 425,000 | $ 425,000 | $ 117,000 |
| Muscogee, Georgia | 1 | $ 5,675,000 | $ 5,675,000 | $ 0 |
| Troup, Georgia | 1 | $ 205,000 | $ 205,000 | $ 48,000 |
| Whitfield, Georgia | 1 | $ 55,000 | $ 55,000 | $ 118,000 |
| Champaign, Illinois | 1 | $ 185,000 | $ 185,000 | $ 390,000 |
| St. Clair, Illinois | 1 | $ 3,185,000 | $ 3,185,000 | $ 0 |
| Will, Illinois | 1 | $ 355,000 | $ 355,000 | $ 450,000 |
| Johnson, Kansas | 1 | $ 385,000 | $ 385,000 | $ 274,000 |
| Oxford, Maine | 1 | $ 205,000 | $ 205,000 | $ 153,000 |
| St. Mary's, Maryland | 1 | $ 265,000 | $ 265,000 | $ 142,000 |
| Bristol, Massachusetts | 1 | $ 225,000 | $ 225,000 | $ 210,000 |
| Plymouth, Massachusetts | 1 | $ 435,000 | $ 435,000 | $ 138,000 |
| Charlevoix, Michigan | 1 | $ 215,000 | $ 215,000 | $ 446,000 |
| Tate, Mississippi | 1 | $ 175,000 | $ 175,000 | $ 71,000 |
| Clark, Nevada | 1 | $ 325,000 | $ 325,000 | $ 167,000 |
| Rockingham, New Hampshire | 1 | $ 65,000 | $ 65,000 | $ 421,000 |
| Salem, New Jersey | 1 | $ 155,000 | $ 155,000 | $ 61,000 |
| Broome, New York | 1 | $ 115,000 | $ 115,000 | $ 89,000 |
| Cayuga, New York | 1 | $ 965,000 | $ 965,000 | $ 644,000 |
| Erie, New York | 1 | $ 165,000 | $ 165,000 | $ 51,000 |
| Lewis, New York | 1 | $ 85,000 | $ 85,000 | $ 156,000 |
| Madison, New York | 1 | $ 165,000 | $ 165,000 | $ 261,000 |
| Otsego, New York | 1 | $ 175,000 | $ 175,000 | $ 208,000 |
| Saratoga, New York | 1 | $ 115,000 | $ 115,000 | $ 140,000 |
| Schoharie, New York | 1 | $ 385,000 | $ 385,000 | $ 423,000 |
| Schuyler, New York | 1 | $ 65,000 | $ 65,000 | $ 20,000 |
| Warren, New York | 1 | $ 105,000 | $ 105,000 | $ 78,000 |
| Cleveland, North Carolina | 1 | $ 365,000 | $ 365,000 | $ 404,000 |
| Davidson, North Carolina | 1 | $ 85,000 | $ 85,000 | $ 123,000 |
| Jackson, North Carolina | 1 | $ 575,000 | $ 575,000 | $ 279,000 |
| Pamlico, North Carolina | 1 | $ 475,000 | $ 475,000 | $ 1,817,000 |
| Rowan, North Carolina | 1 | $ 155,000 | $ 155,000 | $ 39,000 |
| Rutherford, North Carolina | 1 | $ 275,000 | $ 275,000 | $ 211,000 |
| Transylvania, North Carolina | 1 | $ 1,295,000 | $ 1,295,000 | $ 767,000 |
| Union, North Carolina | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Knox, Ohio | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Licking, Ohio | 1 | $ 55,000 | $ 55,000 | $ 34,000 |
| Lucas, Ohio | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Mahoning, Ohio | 1 | $ 155,000 | $ 155,000 | $ 159,000 |
| Adams, Pennsylvania | 1 | $ 655,000 | $ 655,000 | $ 290,000 |
| Blair, Pennsylvania | 1 | $ 2,775,000 | $ 2,775,000 | $ 0 |
| Carbon, Pennsylvania | 1 | $ 115,000 | $ 115,000 | $ 170,000 |
| Dauphin, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 220,000 |
| Charleston, South Carolina | 1 | $ 295,000 | $ 295,000 | $ 74,000 |
| Horry, South Carolina | 1 | $ 85,000 | $ 85,000 | $ 170,000 |
| Lancaster, South Carolina | 1 | $ 295,000 | $ 295,000 | $ 185,000 |
| Lexington, South Carolina | 1 | $ 65,000 | $ 65,000 | $ 92,000 |
| Davidson, Tennessee | 1 | $ 635,000 | $ 635,000 | $ 156,000 |
| Marion, Tennessee | 1 | $ 305,000 | $ 305,000 | $ 175,000 |
| Sevier, Tennessee | 1 | $ 385,000 | $ 385,000 | $ 267,000 |
| Bexar, Texas | 1 | $ 37,595,000 | $ 37,595,000 | $ 0 |
| Harris, Texas | 1 | $ 445,000 | $ 445,000 | $ 397,000 |
| Johnson, Texas | 1 | $ 455,000 | $ 455,000 | $ 543,000 |
| Summit, Utah | 1 | $ 2,845,000 | $ 2,845,000 | $ 2,007,000 |
| Windham, Vermont | 1 | $ 135,000 | $ 135,000 | $ 225,000 |
| Albemarle, Virginia | 1 | $ 305,000 | $ 305,000 | $ 245,000 |
| Alexandria, Virginia | 1 | $ 385,000 | $ 385,000 | $ 107,000 |
| Arlington, Virginia | 1 | $ 1,005,000 | $ 1,005,000 | $ 336,000 |
| Chesapeake, Virginia | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Falls Church, Virginia | 1 | $ 645,000 | $ 645,000 | $ 190,000 |
| Franklin, Virginia | 1 | $ 215,000 | $ 215,000 | $ 156,000 |
| Manassas Park, Virginia | 1 | $ 205,000 | $ 205,000 | $ 125,000 |
| Jefferson, West Virginia | 1 | $ 145,000 | $ 145,000 | $ 50,000 |
| Pocahontas, West Virginia | 1 | $ 65,000 | $ 65,000 | $ 54,000 |
| Racine, Wisconsin | 1 | $ 125,000 | $ 125,000 | $ 66,000 |
| Lincoln, Wyoming | 1 | $ 435,000 | $ 435,000 | $ 375,000 |
Mortgage Loan Application Detail Totals for Valley National Bank in 2018
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 | 3,819 | $1,987,955,000 | $520,000 | $45,005,000 | $225,000 | $3,715,000 |
| Cash-out Refinancing | 1,461 | $932,495,000 | $638,000 | $73,005,000 | $208,000 | $6,788,000 |
| Other Purpose | 1,213 | $205,785,000 | $169,000 | $4,005,000 | $219,000 | $8,973,000 |
| Refinancing | 777 | $459,265,000 | $591,000 | $20,005,000 | $271,000 | $3,624,000 |
| Home Improvement | 602 | $133,430,000 | $221,000 | $37,595,000 | $174,000 | $4,193,000 |
| 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 | 5,179 | $1,940,295,000 | $374,000 | $6,115,000 | $245,000 | $8,973,000 |
| Not Provided | 750 | $249,310,000 | $332,000 | $8,125,000 | $207,000 | $1,917,000 |
| Asian | 709 | $285,315,000 | $402,000 | $7,875,000 | $185,000 | $3,715,000 |
| Hispanic | 609 | $168,995,000 | $277,000 | $4,755,000 | $133,000 | $1,669,000 |
| Not applicable | 303 | $973,285,000 | $3,212,000 | $73,005,000 | $99,000 | $303,000 |
| Black or African American | 255 | $70,165,000 | $275,000 | $1,855,000 | $117,000 | $721,000 |
| American Indian or Alaskan Native | 15 | $5,385,000 | $359,000 | $875,000 | $224,000 | $539,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,760,000 | $440,000 | $1,225,000 | $115,000 | $223,000 |
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) | 7,702 | $3,668,640,000 | $476,000 | $73,005,000 | $224,000 | $8,973,000 |
| FHA-insured (Federal Housing Administration) | 123 | $37,035,000 | $301,000 | $835,000 | $104,000 | $716,000 |
| VA-guaranteed (Veterans Administration) | 37 | $11,335,000 | $306,000 | $785,000 | $99,000 | $221,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,920,000 | $192,000 | $415,000 | $59,000 | $103,000 |
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 | 5,278 | $2,888,480,000 | $547,000 | $73,005,000 | $237,000 | $6,788,000 |
| Application Withdrawn By Applicant | 990 | $335,910,000 | $339,000 | $4,005,000 | $242,000 | $7,854,000 |
| Application Denied By Financial Institution | 822 | $250,160,000 | $304,000 | $8,125,000 | $173,000 | $8,973,000 |
| Loan Purchased By The Institution | 446 | $107,840,000 | $241,000 | $975,000 | $83,000 | $752,000 |
| Application Approved But Not Accepted | 226 | $90,850,000 | $401,000 | $10,005,000 | $231,000 | $3,397,000 |
| File Closed For Incompleteness | 98 | $39,850,000 | $406,000 | $2,005,000 | $214,000 | $1,258,000 |
| Preapproval Approved but not Accepted | 8 | $4,640,000 | $580,000 | $1,875,000 | $233,000 | $1,116,000 |
| Preapproval Denied by Financial Institution | 4 | $1,200,000 | $300,000 | $345,000 | $76,000 | $101,000 |
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 | 7,046 | $3,467,570,000 | $492,000 | $73,005,000 | $227,000 | $7,854,000 |
| Debt-To-Income Ratio | 401 | $111,685,000 | $278,000 | $8,125,000 | $96,000 | $1,614,000 |
| Collateral | 202 | $73,940,000 | $366,000 | $2,505,000 | $287,000 | $8,973,000 |
| Credit History | 142 | $32,480,000 | $228,000 | $2,965,000 | $179,000 | $2,800,000 |
| Other | 55 | $22,235,000 | $404,000 | $6,005,000 | $259,000 | $2,406,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $5,725,000 | $520,000 | $1,255,000 | $191,000 | $754,000 |
| Credit Application Incomplete | 9 | $1,845,000 | $205,000 | $605,000 | $211,000 | $629,000 |
| Unverifiable Information | 4 | $2,790,000 | $697,000 | $1,125,000 | $784,000 | $2,019,000 |
| Employment History | 2 | $660,000 | $330,000 | $585,000 | $145,000 | $160,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Valley National Bank's 2018 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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with aggregated HMDA statistics today.
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