Financial Resources Federal Credit Union
Mortgage Loan Application
Totals and Details
for 2012
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 Financial Resources Federal Credit Union.
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 | Financial Resources Federal Credit Union 520 Route 22 E Bridgewater, NJ 08807 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 681 |
| Total Mortgage Loan Application Amount | $155,791,000 |
| Average Mortgage Loan Application Amount | $185,666 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $138,333 |
| Highest Applicant Income | $672,000 |
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 |
|---|---|---|---|---|
| Somerset County New Jersey | 134 | $ 31,799,000 | $ 237,000 | $ 137,000 |
| Hunterdon County New Jersey | 92 | $ 21,031,000 | $ 228,000 | $ 146,000 |
| Middlesex County New Jersey | 78 | $ 15,744,000 | $ 201,000 | $ 116,000 |
| Bucks County Pennsylvania | 54 | $ 15,031,000 | $ 278,000 | $ 164,000 |
| Mercer County New Jersey | 31 | $ 8,404,000 | $ 271,000 | $ 153,000 |
| Montgomery County Pennsylvania | 29 | $ 6,175,000 | $ 212,000 | $ 149,000 |
| Monmouth County New Jersey | 18 | $ 4,978,000 | $ 276,000 | $ 142,000 |
| Union County New Jersey | 17 | $ 4,841,000 | $ 284,000 | $ 142,000 |
| Morris County New Jersey | 10 | $ 2,607,000 | $ 260,000 | $ 158,000 |
| Warren County Ohio | 10 | $ 2,070,000 | $ 207,000 | $ 123,000 |
| Ocean County New Jersey | 8 | $ 1,794,000 | $ 224,000 | $ 188,000 |
| Chester County Pennsylvania | 7 | $ 2,785,000 | $ 397,000 | $ 150,000 |
| Plymouth County Massachusetts | 6 | $ 1,420,000 | $ 236,000 | $ 155,000 |
| Burlington County New Jersey | 6 | $ 1,018,000 | $ 169,000 | $ 127,000 |
| Warren County New Jersey | 6 | $ 1,451,000 | $ 241,000 | $ 113,000 |
| Bernalillo County New Mexico | 6 | $ 812,000 | $ 135,000 | $ 69,000 |
| Hamilton County Ohio | 6 | $ 876,000 | $ 146,000 | $ 120,000 |
| Northampton County Pennsylvania | 6 | $ 1,221,000 | $ 203,000 | $ 126,000 |
| Bristol County Massachusetts | 5 | $ 940,000 | $ 188,000 | $ 142,000 |
| Cape May County New Jersey | 5 | $ 1,199,000 | $ 239,000 | $ 167,000 |
| Essex County New Jersey | 5 | $ 922,000 | $ 184,000 | $ 188,000 |
| Sussex County New Jersey | 5 | $ 933,000 | $ 186,000 | $ 144,000 |
| Butler County Ohio | 5 | $ 786,000 | $ 157,000 | $ 108,000 |
| Hudson County New Jersey | 4 | $ 1,018,000 | $ 254,000 | $ 142,000 |
| Clermont County Ohio | 4 | $ 412,000 | $ 103,000 | $ 125,000 |
| Delaware County Pennsylvania | 4 | $ 860,000 | $ 215,000 | $ 210,000 |
| Philadelphia County Pennsylvania | 4 | $ 650,000 | $ 162,000 | $ 103,000 |
| Broward County Florida | 3 | $ 650,000 | $ 216,000 | $ 171,000 |
| Middlesex County Massachusetts | 3 | $ 859,000 | $ 286,000 | $ 156,000 |
| Norfolk County Massachusetts | 3 | $ 858,000 | $ 286,000 | $ 162,000 |
| Sussex County Delaware | 2 | $ 356,000 | $ 178,000 | $ 241,000 |
| Hillsborough County Florida | 2 | $ 225,000 | $ 112,000 | $ 138,000 |
| Pasco County Florida | 2 | $ 374,000 | $ 187,000 | $ 126,000 |
| Will County Illinois | 2 | $ 224,000 | $ 112,000 | $ 49,000 |
| Merrimack County New Hampshire | 2 | $ 332,000 | $ 166,000 | $ 58,000 |
| Gloucester County New Jersey | 2 | $ 318,000 | $ 159,000 | $ 67,000 |
| Valencia County New Mexico | 2 | $ 315,000 | $ 157,000 | $ 73,000 |
| Albany County New York | 2 | $ 341,000 | $ 170,000 | $ 139,000 |
| Lehigh County Pennsylvania | 2 | $ 471,000 | $ 235,000 | $ 125,000 |
| Wayne County Pennsylvania | 2 | $ 250,000 | $ 125,000 | $ 73,000 |
| Richland County South Carolina | 2 | $ 346,000 | $ 173,000 | $ 131,000 |
| Garland County Arkansas | 1 | $ 61,000 | $ 61,000 | $ 110,000 |
| Los Angeles County California | 1 | $ 400,000 | $ 400,000 | $ 282,000 |
| Orange County California | 1 | $ 332,000 | $ 332,000 | $ 144,000 |
| El Paso County Colorado | 1 | $ 280,000 | $ 280,000 | $ 195,000 |
| Hartford County Connecticut | 1 | $ 87,000 | $ 87,000 | $ 63,000 |
| New Haven County Connecticut | 1 | $ 193,000 | $ 193,000 | $ 106,000 |
| District of Columbia County District Of Columbia | 1 | $ 268,000 | $ 268,000 | $ 135,000 |
| Collier County Florida | 1 | $ 360,000 | $ 360,000 | $ 408,000 |
| Miami-Dade County Florida | 1 | $ 162,000 | $ 162,000 | $ 117,000 |
| Sarasota County Florida | 1 | $ 250,000 | $ 250,000 | $ 144,000 |
| Seminole County Florida | 1 | $ 114,000 | $ 114,000 | $ 110,000 |
| St. Lucie County Florida | 1 | $ 95,000 | $ 95,000 | $ 34,000 |
| Lake County Illinois | 1 | $ 146,000 | $ 146,000 | $ 191,000 |
| Bullitt County Kentucky | 1 | $ 189,000 | $ 189,000 | $ 66,000 |
| Rapides County Louisiana | 1 | $ 114,000 | $ 114,000 | $ 97,000 |
| Baltimore County Maryland | 1 | $ 140,000 | $ 140,000 | $ 146,000 |
| Cecil County Maryland | 1 | $ 126,000 | $ 126,000 | $ 95,000 |
| Montgomery County Maryland | 1 | $ 375,000 | $ 375,000 | $ 190,000 |
| Rockingham County New Hampshire | 1 | $ 376,000 | $ 376,000 | $ 140,000 |
| Atlantic County New Jersey | 1 | $ 206,000 | $ 206,000 | $ 257,000 |
| Bergen County New Jersey | 1 | $ 231,000 | $ 231,000 | $ 111,000 |
| Camden County New Jersey | 1 | $ 294,000 | $ 294,000 | $ 314,000 |
| Passaic County New Jersey | 1 | $ 319,000 | $ 319,000 | $ 219,000 |
| Sandoval County New Mexico | 1 | $ 105,000 | $ 105,000 | $ 85,000 |
| Bronx County New York | 1 | $ 200,000 | $ 200,000 | $ 57,000 |
| Erie County New York | 1 | $ 217,000 | $ 217,000 | $ 185,000 |
| Kings County New York | 1 | $ 620,000 | $ 620,000 | $ 240,000 |
| Nassau County New York | 1 | $ 358,000 | $ 358,000 | $ 183,000 |
| Orange County New York | 1 | $ 80,000 | $ 80,000 | $ 60,000 |
| Queens County New York | 1 | $ 80,000 | $ 80,000 | $ 66,000 |
| Rensselaer County New York | 1 | $ 210,000 | $ 210,000 | $ 104,000 |
| Richmond County New York | 1 | $ 280,000 | $ 280,000 | $ 150,000 |
| Rockland County New York | 1 | $ 200,000 | $ 200,000 | $ 122,000 |
| Saratoga County New York | 1 | $ 386,000 | $ 386,000 | $ 166,000 |
| St. Lawrence County New York | 1 | $ 50,000 | $ 50,000 | $ 31,000 |
| Catawba County North Carolina | 1 | $ 25,000 | $ 25,000 | $ 169,000 |
| Johnston County North Carolina | 1 | $ 56,000 | $ 56,000 | $ 150,000 |
| Mecklenburg County North Carolina | 1 | $ 390,000 | $ 390,000 | $ 147,000 |
| Clackamas County Oregon | 1 | $ 646,000 | $ 646,000 | $ 217,000 |
| Carbon County Pennsylvania | 1 | $ 186,000 | $ 186,000 | $ 46,000 |
| Cumberland County Pennsylvania | 1 | $ 207,000 | $ 207,000 | $ 35,000 |
| Lancaster County Pennsylvania | 1 | $ 176,000 | $ 176,000 | $ 48,000 |
| Newport County Rhode Island | 1 | $ 265,000 | $ 265,000 | $ 336,000 |
| Providence County Rhode Island | 1 | $ 10,000 | $ 10,000 | $ 140,000 |
| Aiken County South Carolina | 1 | $ 400,000 | $ 400,000 | $ 185,000 |
| Horry County South Carolina | 1 | $ 254,000 | $ 254,000 | $ 190,000 |
| Brazoria County Texas | 1 | $ 121,000 | $ 121,000 | $ 45,000 |
| Collin County Texas | 1 | $ 412,000 | $ 412,000 | $ 142,000 |
| Travis County Texas | 1 | $ 60,000 | $ 60,000 | $ 48,000 |
| Chittenden County Vermont | 1 | $ 225,000 | $ 225,000 | $ 176,000 |
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 Financial Resources Federal Credit Union in 2012
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 | 594 | $138,143,000 | $232,000 | $1,000,000 | $140,000 | $672,000 |
| Home Purchase | 63 | $15,890,000 | $252,000 | $636,000 | $113,000 | $408,000 |
| Home Improvement | 24 | $1,758,000 | $73,000 | $250,000 | $162,000 | $311,000 |
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 | 362 | $84,849,000 | $234,000 | $906,000 | $137,000 | $672,000 |
| Not Provided | 197 | $42,836,000 | $217,000 | $1,000,000 | $149,000 | $559,000 |
| Asian | 48 | $11,083,000 | $230,000 | $500,000 | $152,000 | $454,000 |
| Hispanic | 39 | $8,363,000 | $214,000 | $842,000 | $105,000 | $296,000 |
| Black or African American | 32 | $7,959,000 | $248,000 | $590,000 | $110,000 | $270,000 |
| American Indian or Alaskan Native | 2 | $432,000 | $216,000 | $280,000 | $119,000 | $120,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $269,000 | $269,000 | $269,000 | $91,000 | $91,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 660 | $151,302,000 | $229,000 | $1,000,000 | $140,000 | $672,000 |
| FHA-insured (Federal Housing Administration) | 20 | $4,294,000 | $214,000 | $341,000 | $68,000 | $167,000 |
| VA-guaranteed (Veterans Administration) | 1 | $195,000 | $195,000 | $195,000 | $94,000 | $94,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 258 | $54,474,000 | $211,000 | $720,000 | $152,000 | $439,000 |
| File Closed For Incompleteness | 156 | $40,472,000 | $259,000 | $906,000 | $151,000 | $672,000 |
| Application Denied By Financial Institution | 128 | $28,711,000 | $224,000 | $680,000 | $99,000 | $454,000 |
| Application Withdrawn By Applicant | 128 | $29,907,000 | $233,000 | $1,000,000 | $136,000 | $559,000 |
| Application Approved But Not Accepted | 6 | $1,360,000 | $226,000 | $400,000 | $134,000 | $198,000 |
| Preapproval Denied by Financial Institution | 5 | $867,000 | $173,000 | $341,000 | $66,000 | $135,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 32 | $7,305,000 | $228,000 | $398,000 | $137,000 | $454,000 |
| Debt-To-Income Ratio | 22 | $5,222,000 | $237,000 | $388,000 | $87,000 | $216,000 |
| Credit History | 10 | $1,699,000 | $169,000 | $312,000 | $109,000 | $184,000 |
| Other | 10 | $1,559,000 | $155,000 | $412,000 | $77,000 | $142,000 |
| Mortgage Insurance Denied | 3 | $996,000 | $332,000 | $513,000 | $117,000 | $188,000 |
| Employment History | 2 | $397,000 | $198,000 | $207,000 | $117,000 | $199,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $164,000 | $164,000 | $164,000 | $83,000 | $83,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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.