Financial Resources Federal Credit Union
Mortgage Loan Application
Totals and Details
for 2016
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 | 393 |
| Total Mortgage Loan Application Amount | $88,091,000 |
| Average Mortgage Loan Application Amount | $206,000 |
| Highest Mortgage Loan Application Amount | $3,800,000 |
| Average Applicant Income | $152,666 |
| Highest Applicant Income | $818,000 |
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 | 83 | $ 16,035,000 | $ 193,000 | $ 142,000 |
| Middlesex County New Jersey | 54 | $ 13,375,000 | $ 247,000 | $ 141,000 |
| Hunterdon County New Jersey | 49 | $ 9,314,000 | $ 190,000 | $ 155,000 |
| Bucks County Pennsylvania | 26 | $ 7,463,000 | $ 287,000 | $ 186,000 |
| Union County New Jersey | 18 | $ 3,284,000 | $ 182,000 | $ 214,000 |
| Montgomery County Pennsylvania | 18 | $ 4,144,000 | $ 230,000 | $ 154,000 |
| Monmouth County New Jersey | 14 | $ 3,438,000 | $ 245,000 | $ 151,000 |
| Mercer County New Jersey | 13 | $ 2,547,000 | $ 195,000 | $ 155,000 |
| Burlington County New Jersey | 6 | $ 987,000 | $ 164,000 | $ 106,000 |
| Morris County New Jersey | 6 | $ 1,545,000 | $ 257,000 | $ 164,000 |
| Broward County Florida | 5 | $ 1,041,000 | $ 208,000 | $ 122,000 |
| Bergen County New Jersey | 5 | $ 4,417,000 | $ 883,000 | $ 185,000 |
| Ocean County New Jersey | 5 | $ 986,000 | $ 197,000 | $ 117,000 |
| Warren County New Jersey | 5 | $ 964,000 | $ 192,000 | $ 119,000 |
| Camden County New Jersey | 4 | $ 580,000 | $ 145,000 | $ 93,000 |
| Essex County New Jersey | 4 | $ 1,183,000 | $ 295,000 | $ 160,000 |
| Hudson County New Jersey | 4 | $ 1,119,000 | $ 279,000 | $ 195,000 |
| Philadelphia County Pennsylvania | 4 | $ 528,000 | $ 132,000 | $ 120,000 |
| Gwinnett County Georgia | 3 | $ 799,000 | $ 266,000 | $ 175,000 |
| Alameda County California | 2 | $ 325,000 | $ 162,000 | $ 127,000 |
| Orange County California | 2 | $ 533,000 | $ 266,000 | $ 211,000 |
| Hillsborough County Florida | 2 | $ 215,000 | $ 107,000 | $ 62,000 |
| Lake County Illinois | 2 | $ 738,000 | $ 369,000 | $ 271,000 |
| Bristol County Massachusetts | 2 | $ 646,000 | $ 323,000 | $ 246,000 |
| Norfolk County Massachusetts | 2 | $ 608,000 | $ 304,000 | $ 182,000 |
| Plymouth County Massachusetts | 2 | $ 450,000 | $ 225,000 | $ 176,000 |
| Sussex County New Jersey | 2 | $ 419,000 | $ 209,000 | $ 112,000 |
| Kings County New York | 2 | $ 719,000 | $ 359,000 | $ 129,000 |
| Westchester County New York | 2 | $ 236,000 | $ 118,000 | $ 115,000 |
| Clermont County Ohio | 2 | $ 394,000 | $ 197,000 | $ 163,000 |
| Warren County Ohio | 2 | $ 602,000 | $ 301,000 | $ 184,000 |
| Chester County Pennsylvania | 2 | $ 639,000 | $ 319,000 | $ 147,000 |
| Monroe County Pennsylvania | 2 | $ 62,000 | $ 31,000 | $ 104,000 |
| San Diego County California | 1 | $ 232,000 | $ 232,000 | $ 96,000 |
| Santa Clara County California | 1 | $ 720,000 | $ 720,000 | $ 190,000 |
| Fairfield County Connecticut | 1 | $ 265,000 | $ 265,000 | $ 184,000 |
| New Castle County Delaware | 1 | $ 132,000 | $ 132,000 | $ 58,000 |
| Sussex County Delaware | 1 | $ 550,000 | $ 550,000 | $ 417,000 |
| Flagler County Florida | 1 | $ 152,000 | $ 152,000 | $ 258,000 |
| Jackson County Florida | 1 | $ 306,000 | $ 306,000 | $ 55,000 |
| Lee County Florida | 1 | $ 245,000 | $ 245,000 | $ 163,000 |
| Martin County Florida | 1 | $ 165,000 | $ 165,000 | $ 330,000 |
| Osceola County Florida | 1 | $ 14,000 | $ 14,000 | $ 154,000 |
| Pasco County Florida | 1 | $ 150,000 | $ 150,000 | $ 136,000 |
| St. Johns County Florida | 1 | $ 75,000 | $ 75,000 | $ 213,000 |
| Chatham County Georgia | 1 | $ 100,000 | $ 100,000 | $ 57,000 |
| Fulton County Georgia | 1 | $ 459,000 | $ 459,000 | $ 231,000 |
| Washington County Maine | 1 | $ 85,000 | $ 85,000 | $ 133,000 |
| Baltimore City County Maryland | 1 | $ 240,000 | $ 240,000 | $ 338,000 |
| Montgomery County Maryland | 1 | $ 486,000 | $ 486,000 | $ 277,000 |
| Middlesex County Massachusetts | 1 | $ 203,000 | $ 203,000 | $ 195,000 |
| Stearns County Minnesota | 1 | $ 172,000 | $ 172,000 | $ 151,000 |
| Merrimack County New Hampshire | 1 | $ 186,000 | $ 186,000 | $ 116,000 |
| Passaic County New Jersey | 1 | $ 20,000 | $ 20,000 | $ 63,000 |
| Bernalillo County New Mexico | 1 | $ 15,000 | $ 15,000 | $ 35,000 |
| Valencia County New Mexico | 1 | $ 120,000 | $ 120,000 | $ 41,000 |
| New York County New York | 1 | $ 160,000 | $ 160,000 | $ 145,000 |
| Queens County New York | 1 | $ 100,000 | $ 100,000 | $ 134,000 |
| Richmond County New York | 1 | $ 36,000 | $ 36,000 | $ 108,000 |
| Saratoga County New York | 1 | $ 35,000 | $ 35,000 | $ 132,000 |
| Cabarrus County North Carolina | 1 | $ 324,000 | $ 324,000 | $ 199,000 |
| Johnston County North Carolina | 1 | $ 153,000 | $ 153,000 | $ 102,000 |
| Wake County North Carolina | 1 | $ 207,000 | $ 207,000 | $ 139,000 |
| Butler County Ohio | 1 | $ 200,000 | $ 200,000 | $ 177,000 |
| Berks County Pennsylvania | 1 | $ 210,000 | $ 210,000 | $ 126,000 |
| Delaware County Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 209,000 |
| Lehigh County Pennsylvania | 1 | $ 70,000 | $ 70,000 | $ 171,000 |
| Northampton County Pennsylvania | 1 | $ 233,000 | $ 233,000 | $ 60,000 |
| Providence County Rhode Island | 1 | $ 180,000 | $ 180,000 | $ 94,000 |
| Colleton County South Carolina | 1 | $ 215,000 | $ 215,000 | $ 81,000 |
| Albemarle County Virginia | 1 | $ 416,000 | $ 416,000 | $ 111,000 |
| Loudoun County Virginia | 1 | $ 25,000 | $ 25,000 | $ 192,000 |
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 2016
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 | 226 | $58,449,000 | $258,000 | $3,800,000 | $153,000 | $818,000 |
| Home Improvement | 86 | $6,096,000 | $70,000 | $228,000 | $156,000 | $397,000 |
| Home Purchase | 81 | $23,546,000 | $290,000 | $1,066,000 | $149,000 | $480,000 |
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 | 186 | $42,286,000 | $227,000 | $3,800,000 | $152,000 | $818,000 |
| Not Provided | 89 | $14,273,000 | $160,000 | $494,000 | $150,000 | $397,000 |
| Asian | 43 | $13,356,000 | $310,000 | $1,066,000 | $175,000 | $380,000 |
| Black or African American | 43 | $9,046,000 | $210,000 | $510,000 | $124,000 | $308,000 |
| Hispanic | 29 | $8,430,000 | $290,000 | $863,000 | $171,000 | $480,000 |
| American Indian or Alaskan Native | 3 | $700,000 | $233,000 | $450,000 | $228,000 | $344,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 393 | $88,091,000 | $224,000 | $3,800,000 | $153,000 | $818,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 259 | $58,020,000 | $224,000 | $3,800,000 | $159,000 | $551,000 |
| Application Denied By Financial Institution | 50 | $7,646,000 | $152,000 | $355,000 | $117,000 | $550,000 |
| Application Withdrawn By Applicant | 47 | $13,561,000 | $288,000 | $619,000 | $159,000 | $818,000 |
| File Closed For Incompleteness | 25 | $5,952,000 | $238,000 | $425,000 | $155,000 | $367,000 |
| Application Approved But Not Accepted | 12 | $2,912,000 | $242,000 | $863,000 | $150,000 | $337,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 17 | $2,594,000 | $152,000 | $355,000 | $99,000 | $288,000 |
| Other | 13 | $1,899,000 | $146,000 | $350,000 | $162,000 | $550,000 |
| Debt-To-Income Ratio | 10 | $1,845,000 | $184,000 | $292,000 | $63,000 | $96,000 |
| Collateral | 7 | $832,000 | $118,000 | $228,000 | $171,000 | $258,000 |
| Mortgage Insurance Denied | 1 | $223,000 | $223,000 | $223,000 | $73,000 | $73,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 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.