First Hope Bank A National Banking Association Mortgage Rates, Fees & Info
Hope, NJLEI: 5493003XLOX5FDT9R120
Tax ID: 22-0998445
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Hope Bank A National Banking Association is a smaller bank specializing in Refi and Home Purchase loans. First Hope Bank A National Banking Association has a high proportion of conventional loans. Their top markets by origination volume include: New York, Allentown, Ocean City, Philadelphia, and Trenton among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Hope Bank A National Banking Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
73Origination Dollar Volume (All Markets)
$20,055,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 39 | $14,945,000 | $383,205 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 29 | $4,585,000 | $158,103 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $20,055,000 | $274,726 | $0 | 0.00% |
For 2024, First Hope Bank A National Banking Association's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
For 2024, First Hope Bank A National Banking Association's most frequently cited loan purpose was Home Improvement, with 23 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $20,055,000 | $274,726 | $0 | 0.00% |
For 2024, First Hope Bank A National Banking Association's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2024 saw First Hope Bank A National Banking Association place emphasis on $100,000 or less loans with 26 originations, totaling $1,330,000 in origination value.
Applicant Income
First Hope Bank A National Banking Association lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $250k+, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $20,055,000 | $274,726 | $0 | 0.00% |
First Hope Bank A National Banking Association lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.25%
First Hope Bank A National Banking Association has a below average approval rate.
Pick Rate
Approvals leading to origination76.71%
First Hope Bank A National Banking Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $20,055,000 | $274,726 |