Vineland-Bridgeton, NJ Metro Area Mortgage Lenders & HMDA Data, 2014

In 2014, lenders reported 3,763 mortgage applications in Vineland-Bridgeton, NJ metro area totaling $513.6 million. The average application was for $136,477, and applicants reported an average income of $56,000. 42% of applications resulted in an originated loan and 21% were denied. The most active lender was Wells Fargo Bank NA, with 351 applications, followed by Gateway Funding Dms, LP and TD Bank.

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Total Number of Mortgage Applications 3,763
Total Mortgage Loan Application Amount $513,563,000
Average Mortgage Loan Application Amount $136,477
Highest Mortgage Loan Application Amount $12,300,000
Average Applicant Income $56,000
Highest Applicant Income $2,569,000
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Top Mortgage Lenders in Vineland-Bridgeton, NJ Metro Area (2014)

Ranked by the number of mortgage applications each lender reported in Vineland-Bridgeton, NJ metro area in 2014.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Wells Fargo Bank NA
Minneapolis, MN
351 $46,740,000 $133,000 $42,000
2 Gateway Funding Dms, LP
Horsham, PA
334 $47,384,000 $141,000 $64,000
3 TD Bank
Mount Laurel, NJ
173 $9,504,000 $54,000 $68,000
4 Bank of America NA
Westlake Village, CA
139 $17,959,000 $129,000 $51,000
5 Nationstar Mortgage
Coppell, TX
120 $16,605,000 $138,000 $40,000
6 JPMorgan Chase Bank, NA
Columbus, OH
108 $14,481,000 $134,000 $23,000
7 Colonial Bank FSB
Vineland, NJ
100 $13,130,000 $131,000 $72,000
8 loanDepot.com LLC
Irvine, CA
92 $13,460,000 $146,000 $51,000
9 American Neighborhood Mortgage Acceptance Company
Mt. Laurel, NJ
85 $11,656,000 $137,000 $48,000
10 PNC Bank N.A.
Pittsburgh, PA
84 $7,183,000 $85,000 $76,000

See every lender active in Vineland-Bridgeton, NJ metro area in 2014 »

The tables below break down 2014 mortgage applications in Vineland-Bridgeton, NJ metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Vineland-Bridgeton, NJ in 2014

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 1,735 $246,987,000 $142,000 $4,620,000 $54,000 $2,569,000
Home Purchase 1,567 $223,382,000 $142,000 $4,535,000 $52,000 $470,000
Home Improvement 461 $43,194,000 $93,000 $12,300,000 $76,000 $1,521,000

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 2,004 $258,595,000 $129,000 $760,000 $71,000 $1,521,000
Not applicable 616 $112,891,000 $183,000 $12,300,000 $5,000 $326,000
Hispanic 512 $61,746,000 $120,000 $933,000 $50,000 $180,000
Black or African American 304 $39,879,000 $131,000 $800,000 $56,000 $227,000
Not Provided 271 $33,364,000 $123,000 $448,000 $71,000 $2,569,000
American Indian or Alaskan Native 27 $3,021,000 $111,000 $238,000 $42,000 $166,000
Asian 24 $3,541,000 $147,000 $339,000 $75,000 $256,000
Native Hawaiian or Other Pacific Islander 5 $526,000 $105,000 $179,000 $40,000 $102,000

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) 2,115 $259,271,000 $122,000 $5,700,000 $70,000 $2,569,000
FHA-insured (Federal Housing Administration) 1,333 $201,419,000 $151,000 $12,300,000 $34,000 $221,000
VA-guaranteed (Veterans Administration) 225 $40,288,000 $179,000 $417,000 $53,000 $246,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 90 $12,585,000 $139,000 $255,000 $47,000 $94,000

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 1,566 $235,692,000 $150,000 $12,300,000 $72,000 $2,569,000
Application Denied By Financial Institution 803 $92,100,000 $114,000 $933,000 $58,000 $1,047,000
Loan Purchased By The Institution 744 $98,122,000 $131,000 $480,000 $17,000 $326,000
Application Withdrawn By Applicant 379 $51,806,000 $136,000 $850,000 $58,000 $433,000
File Closed For Incompleteness 172 $22,471,000 $130,000 $417,000 $62,000 $359,000
Application Approved But Not Accepted 99 $13,372,000 $135,000 $391,000 $54,000 $218,000
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
Credit History 204 $15,718,000 $77,000 $933,000 $53,000 $924,000
Debt-To-Income Ratio 109 $10,800,000 $99,000 $456,000 $50,000 $213,000
Collateral 106 $14,164,000 $133,000 $760,000 $79,000 $373,000
Other 53 $5,356,000 $101,000 $259,000 $57,000 $165,000
Credit Application Incomplete 50 $6,287,000 $125,000 $250,000 $56,000 $158,000
Insufficient Cash (Downpayment, Closing Cost) 20 $2,796,000 $139,000 $339,000 $56,000 $256,000
Unverifiable Information 10 $1,099,000 $109,000 $238,000 $81,000 $300,000
Employment History 6 $804,000 $134,000 $180,000 $42,000 $72,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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