First Choice Bank
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 First Choice Bank.
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 | First Choice Bank 669 Whitehead Road Lawrenceville, NJ 08648 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 185 |
| Total Mortgage Loan Application Amount | $117,160,000 |
| Average Mortgage Loan Application Amount | $673,333 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $180,000 |
| Highest Applicant Income | $7,980,000 |
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 |
|---|---|---|---|---|
| Honolulu County Hawaii | 22 | $ 10,286,000 | $ 467,000 | $ 174,000 |
| Mercer County New Jersey | 19 | $ 14,208,000 | $ 747,000 | $ 57,000 |
| Philadelphia County Pennsylvania | 19 | $ 17,741,000 | $ 933,000 | $ 5,000 |
| Richmond County New York | 12 | $ 2,975,000 | $ 247,000 | $ 98,000 |
| Westchester County New York | 11 | $ 4,065,000 | $ 369,000 | $ 147,000 |
| Hawaii County Hawaii | 10 | $ 5,195,000 | $ 519,000 | $ 150,000 |
| Kings County New York | 10 | $ 6,005,000 | $ 600,000 | $ 174,000 |
| Nassau County New York | 10 | $ 3,448,000 | $ 344,000 | $ 184,000 |
| New York County New York | 9 | $ 21,879,000 | $ 2,431,000 | $ 2,186,000 |
| Maui County Hawaii | 8 | $ 4,087,000 | $ 510,000 | $ 278,000 |
| Queens County New York | 8 | $ 2,661,000 | $ 332,000 | $ 85,000 |
| Kauai County Hawaii | 6 | $ 2,892,000 | $ 482,000 | $ 182,000 |
| Suffolk County New York | 5 | $ 1,897,000 | $ 379,000 | $ 321,000 |
| Monmouth County New Jersey | 4 | $ 8,400,000 | $ 2,100,000 | $ 0 |
| Rockland County New York | 4 | $ 1,646,000 | $ 411,000 | $ 157,000 |
| Middlesex County New Jersey | 3 | $ 388,000 | $ 129,000 | $ 141,000 |
| Essex County New Jersey | 2 | $ 2,044,000 | $ 1,022,000 | $ 34,000 |
| Ocean County New Jersey | 2 | $ 1,476,000 | $ 738,000 | $ 0 |
| Niagara County New York | 2 | $ 242,000 | $ 121,000 | $ 38,000 |
| Onondaga County New York | 2 | $ 349,000 | $ 174,000 | $ 91,000 |
| Palm Beach County Florida | 1 | $ 625,000 | $ 625,000 | $ 0 |
| Burlington County New Jersey | 1 | $ 116,000 | $ 116,000 | $ 0 |
| Somerset County New Jersey | 1 | $ 574,000 | $ 574,000 | $ 0 |
| Clinton County New York | 1 | $ 171,000 | $ 171,000 | $ 39,000 |
| Dutchess County New York | 1 | $ 132,000 | $ 132,000 | $ 44,000 |
| Erie County New York | 1 | $ 200,000 | $ 200,000 | $ 67,000 |
| Orange County New York | 1 | $ 275,000 | $ 275,000 | $ 71,000 |
| Orleans County New York | 1 | $ 70,000 | $ 70,000 | $ 28,000 |
| Saratoga County New York | 1 | $ 200,000 | $ 200,000 | $ 55,000 |
| Seneca County New York | 1 | $ 130,000 | $ 130,000 | $ 34,000 |
| Sullivan County New York | 1 | $ 203,000 | $ 203,000 | $ 88,000 |
| Ulster County New York | 1 | $ 113,000 | $ 113,000 | $ 78,000 |
| Warren County New York | 1 | $ 82,000 | $ 82,000 | $ 45,000 |
| Bucks County Pennsylvania | 1 | $ 1,650,000 | $ 1,650,000 | $ 0 |
| Delaware County Pennsylvania | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Northampton County Pennsylvania | 1 | $ 544,000 | $ 544,000 | $ 0 |
| Sevier County Tennessee | 1 | $ 83,000 | $ 83,000 | $ 42,000 |
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 First Choice Bank 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 | 96 | $57,004,000 | $593,000 | $10,000,000 | $174,000 | $4,473,000 |
| Home Purchase | 83 | $55,613,000 | $670,000 | $7,400,000 | $275,000 | $7,980,000 |
| Home Improvement | 6 | $4,543,000 | $757,000 | $2,000,000 | $91,000 | $384,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 66 | $42,371,000 | $641,000 | $10,000,000 | $386,000 | $7,980,000 |
| White | 51 | $26,815,000 | $525,000 | $7,300,000 | $218,000 | $2,287,000 |
| Not applicable | 43 | $38,043,000 | $884,000 | $7,400,000 | $0 | $0 |
| Asian | 8 | $4,660,000 | $582,000 | $2,000,000 | $192,000 | $424,000 |
| Hispanic | 8 | $3,375,000 | $421,000 | $850,000 | $130,000 | $227,000 |
| Black or African American | 6 | $1,066,000 | $177,000 | $320,000 | $69,000 | $74,000 |
| Native Hawaiin or Other Pacific Islander | 3 | $830,000 | $276,000 | $470,000 | $176,000 | $371,000 |
| American Indian or Alaskan Native | 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) | 170 | $114,226,000 | $671,000 | $10,000,000 | $230,000 | $7,980,000 |
| FHA-insured (Federal Housing Administration) | 12 | $2,244,000 | $187,000 | $331,000 | $62,000 | $137,000 |
| VA-guaranteed (Veterans Administration) | 2 | $620,000 | $310,000 | $417,000 | $134,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $70,000 | $70,000 | $70,000 | $28,000 | $28,000 |
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 | 98 | $57,731,000 | $589,000 | $7,400,000 | $114,000 | $774,000 |
| Application Withdrawn By Applicant | 44 | $25,425,000 | $577,000 | $5,000,000 | $586,000 | $7,980,000 |
| Loan Purchased By The Institution | 22 | $13,484,000 | $612,000 | $1,276,000 | $0 | $0 |
| Application Denied By Financial Institution | 10 | $15,262,000 | $1,526,000 | $10,000,000 | $88,000 | $384,000 |
| File Closed For Incompleteness | 6 | $2,701,000 | $450,000 | $721,000 | $326,000 | $1,416,000 |
| Application Approved But Not Accepted | 5 | $2,557,000 | $511,000 | $1,650,000 | $51,000 | $90,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $4,135,000 | $827,000 | $2,000,000 | $125,000 | $384,000 |
| Other | 3 | $815,000 | $271,000 | $550,000 | $69,000 | $105,000 |
| Unverifiable Information | 1 | $10,000,000 | $10,000,000 | $10,000,000 | $0 | $0 |
| Collateral | 1 | $312,000 | $312,000 | $312,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
| 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.