Valley National Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Valley National Bank 2023 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 Passaic, NJ 07470 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 4,800 |
| Total Mortgage Loan Application Amount | $3,474,840,000 |
| Average Mortgage Loan Application Amount | $1,324,600 |
| Highest Mortgage Loan Application Amount | $85,005,000 |
| Average Applicant Income | $254,000 |
| Highest Applicant Income | $7,904,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 428 | $ 177,980,000 | $ 415,000 | $ 269,000 |
| Passaic County New Jersey | 303 | $ 67,295,000 | $ 222,000 | $ 196,000 |
| Essex County New Jersey | 270 | $ 134,200,000 | $ 497,000 | $ 174,000 |
| Morris County New Jersey | 270 | $ 92,950,000 | $ 344,000 | $ 204,000 |
| Suffolk County New York | 237 | $ 109,485,000 | $ 461,000 | $ 269,000 |
| Hillsborough County Florida | 191 | $ 129,345,000 | $ 677,000 | $ 352,000 |
| Monmouth County New Jersey | 186 | $ 57,180,000 | $ 307,000 | $ 245,000 |
| Nassau County New York | 175 | $ 78,985,000 | $ 451,000 | $ 248,000 |
| Palm Beach County Florida | 155 | $ 61,505,000 | $ 396,000 | $ 350,000 |
| Hudson County New Jersey | 149 | $ 80,985,000 | $ 543,000 | $ 194,000 |
| Pinellas County Florida | 144 | $ 69,180,000 | $ 480,000 | $ 336,000 |
| Broward County Florida | 142 | $ 120,120,000 | $ 845,000 | $ 183,000 |
| Kings County New York | 138 | $ 436,370,000 | $ 3,162,000 | $ 266,000 |
| Middlesex County New Jersey | 129 | $ 42,025,000 | $ 325,000 | $ 151,000 |
| Union County New Jersey | 111 | $ 35,225,000 | $ 317,000 | $ 190,000 |
| Queens County New York | 110 | $ 41,170,000 | $ 374,000 | $ 165,000 |
| Miami-Dade County Florida | 108 | $ 146,430,000 | $ 1,355,000 | $ 409,000 |
| Ocean County New Jersey | 101 | $ 43,455,000 | $ 430,000 | $ 317,000 |
| Collier County Florida | 83 | $ 35,085,000 | $ 422,000 | $ 322,000 |
| Orange County New York | 69 | $ 21,205,000 | $ 307,000 | $ 229,000 |
| Cape May County New Jersey | 64 | $ 50,640,000 | $ 791,000 | $ 628,000 |
| Brevard County Florida | 62 | $ 33,760,000 | $ 544,000 | $ 149,000 |
| Somerset County New Jersey | 62 | $ 12,020,000 | $ 193,000 | $ 159,000 |
| Sussex County New Jersey | 62 | $ 11,440,000 | $ 184,000 | $ 144,000 |
| Orange County Florida | 58 | $ 99,570,000 | $ 1,716,000 | $ 286,000 |
| Westchester County New York | 57 | $ 35,525,000 | $ 623,000 | $ 258,000 |
| Dutchess County New York | 49 | $ 15,505,000 | $ 316,000 | $ 163,000 |
| Lee County Florida | 46 | $ 27,220,000 | $ 591,000 | $ 269,000 |
| Warren County New Jersey | 42 | $ 26,920,000 | $ 640,000 | $ 128,000 |
| New York County New York | 33 | $ 32,885,000 | $ 996,000 | $ 582,000 |
| Polk County Florida | 31 | $ 7,905,000 | $ 255,000 | $ 144,000 |
| St. Johns County Florida | 31 | $ 5,795,000 | $ 186,000 | $ 177,000 |
| Rockland County New York | 30 | $ 10,150,000 | $ 338,000 | $ 320,000 |
| Ulster County New York | 28 | $ 8,530,000 | $ 304,000 | $ 170,000 |
| Sarasota County Florida | 25 | $ 9,475,000 | $ 379,000 | $ 701,000 |
| Pasco County Florida | 24 | $ 7,450,000 | $ 310,000 | $ 216,000 |
| Richmond County New York | 22 | $ 5,340,000 | $ 242,000 | $ 204,000 |
| Seminole County Florida | 21 | $ 10,185,000 | $ 485,000 | $ 135,000 |
| Hunterdon County New Jersey | 21 | $ 50,385,000 | $ 2,399,000 | $ 366,000 |
| Atlantic County New Jersey | 19 | $ 10,605,000 | $ 558,000 | $ 294,000 |
| Montgomery County Alabama | 18 | $ 1,710,000 | $ 95,000 | $ 95,000 |
| Manatee County Florida | 18 | $ 11,150,000 | $ 619,000 | $ 487,000 |
| Duval County Florida | 15 | $ 3,965,000 | $ 264,000 | $ 204,000 |
| Volusia County Florida | 15 | $ 5,125,000 | $ 341,000 | $ 657,000 |
| Mercer County New Jersey | 15 | $ 68,575,000 | $ 4,571,000 | $ 214,000 |
| Tallapoosa County Alabama | 14 | $ 2,150,000 | $ 153,000 | $ 226,000 |
| Putnam County New York | 14 | $ 3,710,000 | $ 265,000 | $ 265,000 |
| Sullivan County New York | 14 | $ 5,040,000 | $ 360,000 | $ 686,000 |
| Jefferson County Alabama | 13 | $ 72,765,000 | $ 5,597,000 | $ 125,000 |
| Lee County Alabama | 13 | $ 3,145,000 | $ 241,000 | $ 87,000 |
| St. Clair County Alabama | 13 | $ 1,595,000 | $ 122,000 | $ 109,000 |
| Bronx County New York | 13 | $ 57,625,000 | $ 4,432,000 | $ 158,000 |
| Shelby County Alabama | 12 | $ 2,960,000 | $ 246,000 | $ 136,000 |
| Monroe County Pennsylvania | 12 | $ 2,340,000 | $ 195,000 | $ 179,000 |
| Flagler County Florida | 11 | $ 2,085,000 | $ 189,000 | $ 104,000 |
| Fairfield County Connecticut | 10 | $ 74,800,000 | $ 7,480,000 | $ 353,000 |
| Burlington County New Jersey | 10 | $ 54,230,000 | $ 5,423,000 | $ 184,000 |
| New Castle County Delaware | 9 | $ 82,515,000 | $ 9,168,000 | $ 273,000 |
| Bucks County Pennsylvania | 9 | $ 2,905,000 | $ 322,000 | $ 155,000 |
| Northampton County Pennsylvania | 9 | $ 915,000 | $ 101,000 | $ 129,000 |
| Lake County Florida | 8 | $ 1,390,000 | $ 173,000 | $ 106,000 |
| Philadelphia County Pennsylvania | 8 | $ 204,000,000 | $ 25,500,000 | $ 3,696,000 |
| Pike County Pennsylvania | 8 | $ 1,840,000 | $ 230,000 | $ 102,000 |
| Elmore County Alabama | 7 | $ 645,000 | $ 92,000 | $ 57,000 |
| Los Angeles County California | 7 | $ 21,365,000 | $ 3,052,000 | $ 663,000 |
| Charlotte County Florida | 7 | $ 3,215,000 | $ 459,000 | $ 235,000 |
| Indian River County Florida | 7 | $ 1,735,000 | $ 247,000 | $ 169,000 |
| Camden County New Jersey | 7 | $ 16,045,000 | $ 2,292,000 | $ 85,000 |
| Greene County New York | 7 | $ 3,035,000 | $ 433,000 | $ 460,000 |
| St. Lucie County Florida | 6 | $ 1,580,000 | $ 263,000 | $ 112,000 |
| New Haven County Connecticut | 5 | $ 2,595,000 | $ 519,000 | $ 131,000 |
| Montgomery County Pennsylvania | 5 | $ 1,245,000 | $ 249,000 | $ 240,000 |
| Cullman County Alabama | 4 | $ 770,000 | $ 192,000 | $ 97,000 |
| Hernando County Florida | 4 | $ 41,130,000 | $ 10,282,000 | $ 195,000 |
| Cook County Illinois | 4 | $ 22,070,000 | $ 5,517,000 | $ 3,144,000 |
| Monroe County New York | 4 | $ 590,000 | $ 147,000 | $ 126,000 |
| Delaware County Pennsylvania | 4 | $ 1,100,000 | $ 275,000 | $ 219,000 |
| Talladega County Alabama | 3 | $ 205,000 | $ 68,000 | $ 94,000 |
| Sussex County Delaware | 3 | $ 1,125,000 | $ 375,000 | $ 233,000 |
| Citrus County Florida | 3 | $ 1,075,000 | $ 358,000 | $ 195,000 |
| Leon County Florida | 3 | $ 17,165,000 | $ 5,721,000 | $ 1,654,000 |
| Martin County Florida | 3 | $ 2,485,000 | $ 828,000 | $ 493,000 |
| Fannin County Georgia | 3 | $ 1,595,000 | $ 531,000 | $ 567,000 |
| Fulton County Georgia | 3 | $ 5,775,000 | $ 1,925,000 | $ 243,000 |
| Mecklenburg County North Carolina | 3 | $ 1,255,000 | $ 418,000 | $ 295,000 |
| Calhoun County Alabama | 2 | $ 290,000 | $ 145,000 | $ 87,000 |
| Contra Costa County California | 2 | $ 1,010,000 | $ 505,000 | $ 741,000 |
| Tulare County California | 2 | $ 580,000 | $ 290,000 | $ 54,000 |
| Litchfield County Connecticut | 2 | $ 860,000 | $ 430,000 | $ 422,000 |
| District of Columbia County District Of Columbia | 2 | $ 470,000 | $ 235,000 | $ 411,000 |
| Alachua County Florida | 2 | $ 560,000 | $ 280,000 | $ 110,000 |
| Highlands County Florida | 2 | $ 500,000 | $ 250,000 | $ 140,000 |
| Okaloosa County Florida | 2 | $ 30,000 | $ 15,000 | $ 68,000 |
| Sumter County Florida | 2 | $ 940,000 | $ 470,000 | $ 176,000 |
| DeKalb County Georgia | 2 | $ 130,000 | $ 65,000 | $ 117,000 |
| Oldham County Kentucky | 2 | $ 4,050,000 | $ 2,025,000 | $ 543,000 |
| Jefferson County Louisiana | 2 | $ 180,000 | $ 90,000 | $ 340,000 |
| Montgomery County Maryland | 2 | $ 2,970,000 | $ 1,485,000 | $ 827,000 |
| Middlesex County Massachusetts | 2 | $ 960,000 | $ 480,000 | $ 1,062,000 |
| Gloucester County New Jersey | 2 | $ 4,970,000 | $ 2,485,000 | $ 54,000 |
| Delaware County New York | 2 | $ 410,000 | $ 205,000 | $ 187,000 |
| Brunswick County North Carolina | 2 | $ 870,000 | $ 435,000 | $ 148,000 |
| Dare County North Carolina | 2 | $ 910,000 | $ 455,000 | $ 257,000 |
| Jackson County North Carolina | 2 | $ 760,000 | $ 380,000 | $ 407,000 |
| Cumberland County Pennsylvania | 2 | $ 1,800,000 | $ 900,000 | $ 719,000 |
| Lancaster County Pennsylvania | 2 | $ 43,060,000 | $ 21,530,000 | $ 0 |
| Pickens County South Carolina | 2 | $ 31,510,000 | $ 15,755,000 | $ 0 |
| Hays County Texas | 2 | $ 23,980,000 | $ 11,990,000 | $ 99,000 |
| Hidalgo County Texas | 2 | $ 400,000 | $ 200,000 | $ 280,000 |
| Blount County Alabama | 1 | $ 175,000 | $ 175,000 | $ 61,000 |
| Chambers County Alabama | 1 | $ 85,000 | $ 85,000 | $ 67,000 |
| Chilton County Alabama | 1 | $ 55,000 | $ 55,000 | $ 183,000 |
| Coosa County Alabama | 1 | $ 75,000 | $ 75,000 | $ 72,000 |
| Mobile County Alabama | 1 | $ 95,000 | $ 95,000 | $ 162,000 |
| Pima County Arizona | 1 | $ 175,000 | $ 175,000 | $ 84,000 |
| Yuma County Arizona | 1 | $ 95,000 | $ 95,000 | $ 83,000 |
| Santa Clara County California | 1 | $ 135,000 | $ 135,000 | $ 250,000 |
| Douglas County Colorado | 1 | $ 405,000 | $ 405,000 | $ 125,000 |
| El Paso County Colorado | 1 | $ 455,000 | $ 455,000 | $ 103,000 |
| Ouray County Colorado | 1 | $ 655,000 | $ 655,000 | $ 254,000 |
| Park County Colorado | 1 | $ 305,000 | $ 305,000 | $ 328,000 |
| Routt County Colorado | 1 | $ 1,305,000 | $ 1,305,000 | $ 4,832,000 |
| Summit County Colorado | 1 | $ 725,000 | $ 725,000 | $ 313,000 |
| New London County Connecticut | 1 | $ 105,000 | $ 105,000 | $ 299,000 |
| Bay County Florida | 1 | $ 2,005,000 | $ 2,005,000 | $ 660,000 |
| Dixie County Florida | 1 | $ 215,000 | $ 215,000 | $ 194,000 |
| Escambia County Florida | 1 | $ 10,785,000 | $ 10,785,000 | $ 0 |
| Gilchrist County Florida | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Hardee County Florida | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Marion County Florida | 1 | $ 315,000 | $ 315,000 | $ 191,000 |
| Monroe County Florida | 1 | $ 425,000 | $ 425,000 | $ 372,000 |
| Nassau County Florida | 1 | $ 365,000 | $ 365,000 | $ 296,000 |
| Okeechobee County Florida | 1 | $ 2,505,000 | $ 2,505,000 | $ 0 |
| Osceola County Florida | 1 | $ 125,000 | $ 125,000 | $ 38,000 |
| Putnam County Florida | 1 | $ 45,000 | $ 45,000 | $ 23,000 |
| Santa Rosa County Florida | 1 | $ 245,000 | $ 245,000 | $ 120,000 |
| Taylor County Florida | 1 | $ 265,000 | $ 265,000 | $ 194,000 |
| Dawson County Georgia | 1 | $ 705,000 | $ 705,000 | $ 387,000 |
| Gilmer County Georgia | 1 | $ 385,000 | $ 385,000 | $ 270,000 |
| Harris County Georgia | 1 | $ 195,000 | $ 195,000 | $ 75,000 |
| Oconee County Georgia | 1 | $ 405,000 | $ 405,000 | $ 122,000 |
| Richmond County Georgia | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Peoria County Illinois | 1 | $ 2,055,000 | $ 2,055,000 | $ 0 |
| Hamilton County Indiana | 1 | $ 365,000 | $ 365,000 | $ 80,000 |
| Campbell County Kentucky | 1 | $ 725,000 | $ 725,000 | $ 321,000 |
| Warren County Kentucky | 1 | $ 265,000 | $ 265,000 | $ 96,000 |
| Orleans County Louisiana | 1 | $ 355,000 | $ 355,000 | $ 390,000 |
| Anne Arundel County Maryland | 1 | $ 515,000 | $ 515,000 | $ 956,000 |
| Cecil County Maryland | 1 | $ 255,000 | $ 255,000 | $ 158,000 |
| Hampshire County Massachusetts | 1 | $ 705,000 | $ 705,000 | $ 1,211,000 |
| Nantucket County Massachusetts | 1 | $ 2,505,000 | $ 2,505,000 | $ 3,085,000 |
| Jackson County Missouri | 1 | $ 75,000 | $ 75,000 | $ 82,000 |
| Park County Montana | 1 | $ 285,000 | $ 285,000 | $ 434,000 |
| Clark County Nevada | 1 | $ 105,000 | $ 105,000 | $ 268,000 |
| Cumberland County New Jersey | 1 | $ 7,075,000 | $ 7,075,000 | $ 0 |
| Albany County New York | 1 | $ 345,000 | $ 345,000 | $ 664,000 |
| Columbia County New York | 1 | $ 885,000 | $ 885,000 | $ 599,000 |
| Hamilton County New York | 1 | $ 235,000 | $ 235,000 | $ 118,000 |
| Orleans County New York | 1 | $ 75,000 | $ 75,000 | $ 42,000 |
| Saratoga County New York | 1 | $ 305,000 | $ 305,000 | $ 79,000 |
| Schenectady County New York | 1 | $ 285,000 | $ 285,000 | $ 74,000 |
| Schoharie County New York | 1 | $ 345,000 | $ 345,000 | $ 324,000 |
| St. Lawrence County New York | 1 | $ 385,000 | $ 385,000 | $ 410,000 |
| Buncombe County North Carolina | 1 | $ 1,225,000 | $ 1,225,000 | $ 1,184,000 |
| Gaston County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 86,000 |
| Guilford County North Carolina | 1 | $ 35,000 | $ 35,000 | $ 124,000 |
| Haywood County North Carolina | 1 | $ 905,000 | $ 905,000 | $ 879,000 |
| Iredell County North Carolina | 1 | $ 1,505,000 | $ 1,505,000 | $ 1,147,000 |
| Wake County North Carolina | 1 | $ 325,000 | $ 325,000 | $ 336,000 |
| Hamilton County Ohio | 1 | $ 145,000 | $ 145,000 | $ 120,000 |
| Berks County Pennsylvania | 1 | $ 445,000 | $ 445,000 | $ 218,000 |
| Chester County Pennsylvania | 1 | $ 315,000 | $ 315,000 | $ 96,000 |
| Lehigh County Pennsylvania | 1 | $ 355,000 | $ 355,000 | $ 95,000 |
| Susquehanna County Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 837,000 |
| Newport County Rhode Island | 1 | $ 1,195,000 | $ 1,195,000 | $ 786,000 |
| Charleston County South Carolina | 1 | $ 2,505,000 | $ 2,505,000 | $ 3,336,000 |
| Greenville County South Carolina | 1 | $ 125,000 | $ 125,000 | $ 97,000 |
| Horry County South Carolina | 1 | $ 265,000 | $ 265,000 | $ 175,000 |
| Claiborne County Tennessee | 1 | $ 265,000 | $ 265,000 | $ 99,000 |
| Greene County Tennessee | 1 | $ 475,000 | $ 475,000 | $ 121,000 |
| Hamblen County Tennessee | 1 | $ 235,000 | $ 235,000 | $ 89,000 |
| Hamilton County Tennessee | 1 | $ 235,000 | $ 235,000 | $ 143,000 |
| Shelby County Tennessee | 1 | $ 22,825,000 | $ 22,825,000 | $ 0 |
| Washington County Tennessee | 1 | $ 3,405,000 | $ 3,405,000 | $ 0 |
| Williamson County Tennessee | 1 | $ 405,000 | $ 405,000 | $ 181,000 |
| Dallas County Texas | 1 | $ 155,000 | $ 155,000 | $ 192,000 |
| Parker County Texas | 1 | $ 2,005,000 | $ 2,005,000 | $ 3,580,000 |
| Chittenden County Vermont | 1 | $ 405,000 | $ 405,000 | $ 282,000 |
| Windham County Vermont | 1 | $ 1,405,000 | $ 1,405,000 | $ 1,695,000 |
| Whatcom County Washington | 1 | $ 865,000 | $ 865,000 | $ 270,000 |
| Monongalia County West Virginia | 1 | $ 45,000 | $ 45,000 | $ 52,000 |
| Winnebago County Wisconsin | 1 | $ 1,205,000 | $ 1,205,000 | $ 918,000 |
Mortgage Loan Application Detail Totals for Valley National Bank in 2023
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 | 1,750 | $1,191,660,000 | $680,000 | $42,505,000 | $274,000 | $5,845,000 |
| Home Improvement | 1,473 | $377,985,000 | $256,000 | $40,505,000 | $238,000 | $7,124,000 |
| Cash-out Refinancing | 790 | $832,890,000 | $1,054,000 | $60,005,000 | $242,000 | $5,400,000 |
| Other Purpose | 641 | $512,495,000 | $799,000 | $64,435,000 | $273,000 | $7,904,000 |
| Refinancing | 146 | $559,810,000 | $3,834,000 | $85,005,000 | $243,000 | $1,366,000 |
| 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 | 2,780 | $953,850,000 | $343,000 | $4,235,000 | $294,000 | $7,904,000 |
| Not Provided | 629 | $189,045,000 | $300,000 | $2,505,000 | $256,000 | $7,124,000 |
| Hispanic | 615 | $163,405,000 | $265,000 | $5,505,000 | $163,000 | $4,660,000 |
| Asian | 297 | $110,285,000 | $371,000 | $3,705,000 | $238,000 | $3,696,000 |
| Black or African American | 228 | $66,720,000 | $292,000 | $2,505,000 | $134,000 | $782,000 |
| Not applicable | 224 | $1,979,350,000 | $8,836,000 | $85,005,000 | $113,000 | $652,000 |
| American Indian or Alaskan Native | 5 | $1,525,000 | $305,000 | $425,000 | $144,000 | $248,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $565,000 | $565,000 | $565,000 | $146,000 | $146,000 |
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) | 4,699 | $3,434,735,000 | $730,000 | $85,005,000 | $260,000 | $7,904,000 |
| FHA-insured (Federal Housing Administration) | 83 | $33,515,000 | $403,000 | $1,025,000 | $119,000 | $281,000 |
| VA-guaranteed (Veterans Administration) | 17 | $6,455,000 | $379,000 | $645,000 | $120,000 | $194,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $135,000 | $135,000 | $135,000 | $49,000 | $49,000 |
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 | 3,009 | $2,900,055,000 | $963,000 | $85,005,000 | $279,000 | $7,904,000 |
| Application Denied By Financial Institution | 757 | $197,775,000 | $261,000 | $3,675,000 | $165,000 | $3,144,000 |
| Application Withdrawn By Applicant | 646 | $240,170,000 | $371,000 | $3,505,000 | $280,000 | $7,124,000 |
| Application Approved But Not Accepted | 231 | $94,735,000 | $410,000 | $15,505,000 | $283,000 | $5,845,000 |
| Loan Purchased By The Institution | 111 | $28,525,000 | $256,000 | $505,000 | $96,000 | $652,000 |
| File Closed For Incompleteness | 46 | $13,580,000 | $295,000 | $1,605,000 | $328,000 | $2,340,000 |
| 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 | 4,043 | $3,277,065,000 | $810,000 | $85,005,000 | $274,000 | $7,904,000 |
| Debt-To-Income Ratio | 495 | $135,955,000 | $274,000 | $3,675,000 | $123,000 | $985,000 |
| Collateral | 97 | $22,275,000 | $229,000 | $2,005,000 | $264,000 | $2,078,000 |
| Credit History | 79 | $13,555,000 | $171,000 | $1,025,000 | $237,000 | $3,144,000 |
| Other | 61 | $16,865,000 | $276,000 | $1,045,000 | $238,000 | $1,348,000 |
| Credit Application Incomplete | 17 | $7,145,000 | $420,000 | $2,625,000 | $229,000 | $660,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $850,000 | $212,000 | $265,000 | $169,000 | $260,000 |
| Employment History | 3 | $355,000 | $118,000 | $195,000 | $85,000 | $105,000 |
| Unverifiable Information | 1 | $775,000 | $775,000 | $775,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Valley National Bank's 2023 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.