Commerce Bank, Pa
Mortgage Loan Application
Totals and Details
for 2003
Find mortgage loan statistics, lending data, and loan application totals for New Jersey.
The mortgage statistics and data below are specific to mortgage loan applications for Commerce Bank, Pa.
Search for mortgage lenders by state, county, or metropolitan area
and explore the loan application details and stats broken down by several loan categories from 2003-2022.
| Mortgage Company & Address | Commerce Bank, Pa 1701 Route 70 East Cherry Hill, NJ 08034 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 3,203 |
| Total Mortgage Loan Application Amount | $153,774,000 |
| Average Mortgage Loan Application Amount | $91,550 |
| Highest Mortgage Loan Application Amount | $3,725,000 |
| Average Applicant Income | $147,700 |
| Highest Applicant Income | $9,833,000 |
Overall mortgage application loan totals and averages for this lender are provided for each year by county, metro area, and the entire US.
The loan data is broken down by loan purpose, loan type, applicant race, application outcome, and denial reason. With this information, you can get a detailed view of locations
where the mortgage lender is actively processing applications as well as the types and outcomes of loans from these applications.
As you search for mortgage loan stats and lending data in NJ, the totals and averages will help you understand where the lender does business as well as the volume of business they do.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Philadelphia County Pennsylvania | 1,075 | $ 54,681,000 | $ 50,000 | $ 148,000 |
| Delaware County Pennsylvania | 717 | $ 28,826,000 | $ 40,000 | $ 76,000 |
| Montgomery County Pennsylvania | 522 | $ 25,469,000 | $ 48,000 | $ 76,000 |
| Bucks County Pennsylvania | 465 | $ 20,121,000 | $ 43,000 | $ 68,000 |
| Chester County Pennsylvania | 181 | $ 8,780,000 | $ 48,000 | $ 83,000 |
| Camden County New Jersey | 22 | $ 1,043,000 | $ 47,000 | $ 74,000 |
| Cape May County New Jersey | 22 | $ 1,385,000 | $ 62,000 | $ 126,000 |
| New Castle County Delaware | 16 | $ 500,000 | $ 31,000 | $ 58,000 |
| Burlington County New Jersey | 16 | $ 851,000 | $ 53,000 | $ 185,000 |
| Atlantic County New Jersey | 15 | $ 4,588,000 | $ 305,000 | $ 154,000 |
| Northampton County Pennsylvania | 11 | $ 501,000 | $ 45,000 | $ 82,000 |
| Lehigh County Pennsylvania | 10 | $ 386,000 | $ 38,000 | $ 87,000 |
| Gloucester County New Jersey | 9 | $ 478,000 | $ 53,000 | $ 73,000 |
| Cumberland County Pennsylvania | 9 | $ 351,000 | $ 39,000 | $ 57,000 |
| Middlesex County New Jersey | 8 | $ 544,000 | $ 68,000 | $ 121,000 |
| Monmouth County New Jersey | 8 | $ 382,000 | $ 47,000 | $ 131,000 |
| Ocean County New Jersey | 8 | $ 185,000 | $ 23,000 | $ 66,000 |
| Lancaster County Pennsylvania | 8 | $ 313,000 | $ 39,000 | $ 54,000 |
| Mercer County New Jersey | 6 | $ 449,000 | $ 74,000 | $ 124,000 |
| Bergen County New Jersey | 5 | $ 376,000 | $ 75,000 | $ 119,000 |
| Monroe County Pennsylvania | 5 | $ 169,000 | $ 33,000 | $ 107,000 |
| Hunterdon County New Jersey | 4 | $ 274,000 | $ 68,000 | $ 148,000 |
| Morris County New Jersey | 4 | $ 349,000 | $ 87,000 | $ 208,000 |
| Somerset County New Jersey | 4 | $ 155,000 | $ 38,000 | $ 89,000 |
| Union County New Jersey | 4 | $ 189,000 | $ 47,000 | $ 211,000 |
| Berks County Pennsylvania | 4 | $ 241,000 | $ 60,000 | $ 70,000 |
| Adams County Pennsylvania | 3 | $ 93,000 | $ 31,000 | $ 14,000 |
| Hudson County New Jersey | 2 | $ 244,000 | $ 122,000 | $ 36,000 |
| Passaic County New Jersey | 2 | $ 65,000 | $ 32,000 | $ 111,000 |
| Sussex County New Jersey | 2 | $ 77,000 | $ 38,000 | $ 117,000 |
| New York County New York | 2 | $ 167,000 | $ 83,000 | $ 180,000 |
| Oneida County New York | 2 | $ 105,000 | $ 52,000 | $ 115,000 |
| Carbon County Pennsylvania | 2 | $ 189,000 | $ 94,000 | $ 557,000 |
| Luzerne County Pennsylvania | 2 | $ 69,000 | $ 34,000 | $ 21,000 |
| York County Pennsylvania | 2 | $ 96,000 | $ 48,000 | $ 24,000 |
| Harris County Texas | 2 | $ 100,000 | $ 50,000 | $ 71,000 |
| Kent County Delaware | 1 | $ 25,000 | $ 25,000 | $ 60,000 |
| Collier County Florida | 1 | $ 130,000 | $ 130,000 | $ 1,300,000 |
| McLean County Illinois | 1 | $ 6,000 | $ 6,000 | $ 62,000 |
| Baltimore City County Maryland | 1 | $ 66,000 | $ 66,000 | $ 60,000 |
| Cecil County Maryland | 1 | $ 45,000 | $ 45,000 | $ 45,000 |
| Harford County Maryland | 1 | $ 26,000 | $ 26,000 | $ 77,000 |
| Kent County Maryland | 1 | $ 10,000 | $ 10,000 | $ 30,000 |
| Worcester County Maryland | 1 | $ 12,000 | $ 12,000 | $ 82,000 |
| Cumberland County New Jersey | 1 | $ 7,000 | $ 7,000 | $ 70,000 |
| Salem County New Jersey | 1 | $ 20,000 | $ 20,000 | $ 76,000 |
| Warren County New Jersey | 1 | $ 99,000 | $ 99,000 | $ 476,000 |
| Bronx County New York | 1 | $ 2,000 | $ 2,000 | $ 13,000 |
| Kings County New York | 1 | $ 40,000 | $ 40,000 | $ 57,000 |
| Nassau County New York | 1 | $ 130,000 | $ 130,000 | $ 100,000 |
| Steuben County New York | 1 | $ 15,000 | $ 15,000 | $ 55,000 |
| Allegheny County Pennsylvania | 1 | $ 90,000 | $ 90,000 | $ 114,000 |
| Blair County Pennsylvania | 1 | $ 33,000 | $ 33,000 | $ 26,000 |
| Dauphin County Pennsylvania | 1 | $ 40,000 | $ 40,000 | $ 36,000 |
| Lackawanna County Pennsylvania | 1 | $ 20,000 | $ 20,000 | $ 48,000 |
| Lebanon County Pennsylvania | 1 | $ 44,000 | $ 44,000 | $ 51,000 |
| Schuylkill County Pennsylvania | 1 | $ 8,000 | $ 8,000 | $ 55,000 |
| Sullivan County Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
| Susquehanna County Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 28,000 |
| Westmoreland County Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 360,000 |
The mortgage data stats below are displayed in sortable categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.
Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, the highest mortgage loan applied for within that category,
the average income of the mortgage applicants, and the highest income of the mortgage applicants.
You can also download the entire list of mortgage lenders along with their aggregated lending data for the state of New Jersey,
and search the same numbers and information back through 2003.
Mortgage Loan Application Detail Totals for Commerce Bank, Pa in 2003
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 Improvement (one-to-four family) | 2,082 | $54,062,000 | $21,666 | $1,524,000 | $71,500 | $1,300,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 686 | $58,215,000 | $81,833 | $3,725,000 | $81,833 | $1,768,000 |
| Home Purchase (one-to-four family) | 410 | $29,516,000 | $86,666 | $1,500,000 | $339,000 | $9,833,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 25 | $11,981,000 | $345,000 | $2,000,000 | $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 | 2,184 | $85,973,000 | $42,857 | $700,000 | $83,142 | $900,000 |
| Black | 344 | $9,267,000 | $52,800 | $380,000 | $313,400 | $1,300,000 |
| Information not provided by applicant in mail or telephone application | 272 | $9,710,000 | $25,000 | $920,000 | $74,800 | $396,000 |
| Not applicable | 118 | $37,571,000 | $367,000 | $3,725,000 | $310,000 | $9,833,000 |
| Asian or Pacific Islander | 99 | $5,098,000 | $58,750 | $340,000 | $58,500 | $180,000 |
| Hispanic | 81 | $2,333,000 | $24,333 | $192,000 | $55,666 | $180,000 |
| Other | 81 | $3,276,000 | $50,500 | $220,000 | $53,000 | $500,000 |
| American Indian or Alaskan Native | 24 | $546,000 | $28,000 | $62,000 | $92,500 | $175,000 |
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) | 3,202 | $153,721,000 | $53,875 | $3,725,000 | $234,250 | $9,833,000 |
| FHA-insured (Federal Housing Administration) | 1 | $53,000 | $53,000 | $53,000 | $18,000 | $18,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 1,385 | $42,308,000 | $30,166 | $700,000 | $65,166 | $900,000 |
| Loan Originated | 1,270 | $80,267,000 | $71,166 | $3,725,000 | $294,833 | $3,913,000 |
| Application Approved But Not Accepted | 456 | $21,862,000 | $59,250 | $596,000 | $146,500 | $9,833,000 |
| Application Withdrawn By Applicant | 84 | $8,640,000 | $107,250 | $920,000 | $124,250 | $336,000 |
| Loan Purchased By The Institution | 8 | $697,000 | $87,000 | $199,000 | $58,000 | $131,000 |
| File Closed For Incompleteness | 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 | 916 | $21,578,000 | $26,000 | $317,000 | $64,200 | $900,000 |
| Debt-To-Income Ratio | 293 | $11,808,000 | $39,000 | $700,000 | $67,500 | $237,000 |
| Other | 76 | $3,089,000 | $64,800 | $160,000 | $65,800 | $325,000 |
| Collateral | 62 | $3,365,000 | $51,333 | $380,000 | $170,666 | $400,000 |
| Credit Application Incomplete | 22 | $1,075,000 | $48,000 | $400,000 | $50,000 | $261,000 |
| Unverifiable Information | 10 | $685,000 | $68,000 | $250,000 | $69,000 | $153,000 |
| Employment History | 4 | $78,000 | $27,000 | $43,000 | $88,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $630,000 | $315,000 | $580,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
These totals and details for mortgage applications will give you a better idea of what to expect when researching mortgage lenders. Whether you are looking for a home loan, for home refinancing, or for home improvement loan statistics, we have the information you need. This mortgage loan data gives you everything you need to know as you start your search for the best lenders in NJ, and gives you an idea of what the best mortgage lenders really are.
If you prefer, you can download a copy of the entire list of mortgage lenders in New Jersey, and search similar information at your convenience.