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Act (HMDA) records Valley National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 1,409 | $ 827,895,000 | $ 587,576 | $ 240,604 |
| Newark, NJ-PA | 859 | $ 242,705,000 | $ 282,543 | $ 200,000 |
| Lakewood-New Brunswick, NJ | 564 | $ 171,530,000 | $ 304,131 | $ 228,000 |
| Nassau County-Suffolk County, NY | 393 | $ 167,755,000 | $ 426,857 | $ 297,000 |
| Tampa, FL | 150 | $ 104,890,000 | $ 699,266 | $ 456,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 147 | $ 69,155,000 | $ 470,442 | $ 410,000 |
| St. Petersburg-Clearwater-Largo, FL | 141 | $ 87,785,000 | $ 622,588 | $ 294,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 130 | $ 42,490,000 | $ 326,846 | $ 257,000 |
| Miami-Miami Beach-Kendall, FL | 101 | $ 73,695,000 | $ 729,653 | $ 289,000 |
| Outside any metro area | 95 | $ 41,155,000 | $ 433,210 | $ 311,210 |
| Birmingham-Hoover, AL | 64 | $ 13,060,000 | $ 204,062 | $ 163,000 |
| Atlantic City-Hammonton, NJ | 55 | $ 48,065,000 | $ 873,909 | $ 560,000 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 54 | $ 16,870,000 | $ 312,407 | $ 212,000 |
| Orlando-Kissimmee-Sanford, FL | 49 | $ 33,085,000 | $ 675,204 | $ 181,000 |
| North Port-Sarasota-Bradenton, FL | 47 | $ 35,935,000 | $ 764,574 | $ 392,000 |
| Jacksonville, FL | 44 | $ 12,080,000 | $ 274,545 | $ 248,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 42 | $ 31,120,000 | $ 740,952 | $ 137,500 |
| Montgomery, AL | 40 | $ 4,680,000 | $ 117,000 | $ 107,000 |
| Naples-Immokalee-Marco Island, FL | 38 | $ 10,940,000 | $ 287,894 | $ 208,000 |
| Cape Coral-Fort Myers, FL | 36 | $ 11,540,000 | $ 320,555 | $ 232,000 |
| Palm Bay-Melbourne-Titusville, FL | 30 | $ 8,660,000 | $ 288,666 | $ 93,000 |
| Kingston, NY | 26 | $ 8,360,000 | $ 321,538 | $ 195,000 |
| Camden, NJ | 25 | $ 6,895,000 | $ 275,800 | $ 208,000 |
| Trenton, NJ | 24 | $ 11,080,000 | $ 461,666 | $ 315,000 |
| Lakeland-Winter Haven, FL | 22 | $ 18,490,000 | $ 840,454 | $ 141,000 |
| Auburn-Opelika, AL | 20 | $ 8,860,000 | $ 443,000 | $ 125,000 |
| Montgomery County-Bucks County-Chester County, PA | 13 | $ 7,815,000 | $ 601,153 | $ 514,000 |
| Bridgeport-Stamford-Norwalk, CT | 11 | $ 8,355,000 | $ 759,545 | $ 709,000 |
| Los Angeles-Long Beach-Glendale, CA | 11 | $ 16,765,000 | $ 1,524,090 | $ 1,169,000 |
| Philadelphia, PA | 10 | $ 52,550,000 | $ 5,255,000 | $ 160,000 |
| Port St. Lucie, FL | 10 | $ 2,730,000 | $ 273,000 | $ 197,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 9 | $ 3,515,000 | $ 390,555 | $ 375,000 |
| Ocala, FL | 7 | $ 1,475,000 | $ 210,714 | $ 85,000 |
| Chicago-Naperville, IL | 6 | $ 11,230,000 | $ 1,871,666 | $ 622,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 6 | $ 1,520,000 | $ 253,333 | $ 261,000 |
| New Haven-Milford, CT | 6 | $ 2,230,000 | $ 371,666 | $ 172,000 |
| Sebastian-Vero Beach, FL | 6 | $ 1,100,000 | $ 183,333 | $ 104,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 5 | $ 1,115,000 | $ 223,000 | $ 168,000 |
| Cambridge-Newton-Framingham, MA | 4 | $ 2,060,000 | $ 515,000 | $ 241,000 |
| Rochester, NY | 4 | $ 1,690,000 | $ 422,500 | $ 189,000 |
| Bozeman, MT | 3 | $ 1,485,000 | $ 495,000 | $ 149,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 2,425,000 | $ 808,333 | $ 619,000 |
| Vineland-Bridgeton, NJ | 3 | $ 1,485,000 | $ 495,000 | $ 186,000 |
| Washington, DC-MD | 3 | $ 2,085,000 | $ 695,000 | $ 86,000 |
| Arlington-Alexandria-Reston, VA-WV | 2 | $ 890,000 | $ 445,000 | $ 267,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 1,830,000 | $ 915,000 | $ 315,000 |
| Charleston-North Charleston, SC | 2 | $ 3,610,000 | $ 1,805,000 | $ 1,475,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 510,000 | $ 255,000 | $ 215,000 |
| Daphne-Fairhope-Foley, AL | 2 | $ 530,000 | $ 265,000 | $ 499,000 |
| Decatur, AL | 2 | $ 14,010,000 | $ 7,005,000 | $ 0 |
| Greensboro-High Point, NC | 2 | $ 620,000 | $ 310,000 | $ 282,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 220,000 | $ 110,000 | $ 309,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 2,050,000 | $ 1,025,000 | $ 344,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 1,160,000 | $ 580,000 | $ 509,000 |
| Reading, PA | 2 | $ 310,000 | $ 155,000 | $ 136,000 |
| Watertown-Fort Drum, NY | 2 | $ 590,000 | $ 295,000 | $ 424,000 |
| Wilmington, NC | 2 | $ 920,000 | $ 460,000 | $ 224,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 355,000 | $ 355,000 | $ 697,000 |
| Altoona, PA | 1 | $ 55,000 | $ 55,000 | $ 31,000 |
| Anaheim-Santa Ana-Irvine, CA | 1 | $ 185,000 | $ 185,000 | $ 188,000 |
| Anniston-Oxford-Jacksonville, AL | 1 | $ 445,000 | $ 445,000 | $ 115,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 295,000 | $ 295,000 | $ 115,000 |
| Binghamton, NY | 1 | $ 425,000 | $ 425,000 | $ 872,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 235,000 | $ 235,000 | $ 61,000 |
| El Paso, TX | 1 | $ 405,000 | $ 405,000 | $ 163,000 |
| Fort Worth-Arlington, TX | 1 | $ 285,000 | $ 285,000 | $ 169,000 |
| Glens Falls, NY | 1 | $ 125,000 | $ 125,000 | $ 87,000 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 315,000 | $ 315,000 | $ 100,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 435,000 | $ 435,000 | $ 103,000 |
| Homosassa Springs, FL | 1 | $ 65,000 | $ 65,000 | $ 81,000 |
| Ithaca, NY | 1 | $ 325,000 | $ 325,000 | $ 223,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 305,000 | $ 305,000 | $ 187,000 |
| New Orleans-Metairie, LA | 1 | $ 215,000 | $ 215,000 | $ 149,000 |
| Oakland-Hayward-Berkeley, CA | 1 | $ 615,000 | $ 615,000 | $ 1,314,000 |
| Oshkosh-Neenah, WI | 1 | $ 985,000 | $ 985,000 | $ 1,318,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 3,755,000 | $ 3,755,000 | $ 2,023,000 |
| Panama City, FL | 1 | $ 355,000 | $ 355,000 | $ 219,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 175,000 | $ 175,000 | $ 137,000 |
| Portland-South Portland, ME | 1 | $ 175,000 | $ 175,000 | $ 246,000 |
| Raleigh, NC | 1 | $ 505,000 | $ 505,000 | $ 115,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 625,000 | $ 625,000 | $ 248,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 155,000 | $ 155,000 | $ 41,000 |
| San Diego-Carlsbad, CA | 1 | $ 2,505,000 | $ 2,505,000 | $ 1,747,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 505,000 | $ 505,000 | $ 583,000 |
| St. Louis, MO-IL | 1 | $ 715,000 | $ 715,000 | $ 1,765,000 |
| State College, PA | 1 | $ 255,000 | $ 255,000 | $ 372,000 |
| Toledo, OH | 1 | $ 135,000 | $ 135,000 | $ 192,000 |
| Tuscaloosa, AL | 1 | $ 155,000 | $ 155,000 | $ 57,000 |
| Utica-Rome, NY | 1 | $ 175,000 | $ 175,000 | $ 52,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 345,000 | $ 345,000 | $ 109,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 305,000 | $ 305,000 | $ 460,000 |
| Wildwood-The Villages, FL | 1 | $ 225,000 | $ 225,000 | $ 153,000 |
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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