First Hope Bank A National Banking Association Mortgage Rates, Fees & Info
Hope, NJLEI: 5493003XLOX5FDT9R120
Tax ID: 22-0998445
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Mortgage Data
Review & Overview
First Hope Bank A National Banking Association is a smaller bank specializing in Home Improvement, Home Purchase, and Refi loans. First Hope Bank A National Banking Association has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Allentown, East Stroudsburg, Baltimore, and Las Vegas 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
82Origination Dollar Volume (All Markets)
$14,950,000Top 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) | 42 | $9,160,000 | $218,095 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 31 | $3,245,000 | $104,677 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $14,450,000 | $180,625 | $0 | 0.00% |
| FHA | 2 | $500,000 | $250,000 | $0 | 0.00% |
For 2023, First Hope Bank A National Banking Association's most frequently originated type of loan was Conventional, with 80 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2023, First Hope Bank A National Banking Association's most frequently cited loan purpose was Home Improvement, with 29 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 82 | $14,950,000 | $182,317 | $0 | 0.00% |
For 2023, First Hope Bank A National Banking Association's most frequently cited loan duration was Other, with 82 originations.
Loan Sizing
2023 saw First Hope Bank A National Banking Association place emphasis on $100,000 or less loans with 34 originations, totaling $1,660,000 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 25 originations. The second most popular income band? $100k-150k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 82 | $14,950,000 | $182,317 | $0 | 0.00% |
First Hope Bank A National Banking Association lent most frequently to those with DTI ratios of Exempt%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.62%
First Hope Bank A National Banking Association has a below average approval rate.
Pick Rate
Approvals leading to origination86.59%
First Hope Bank A National Banking Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 82 | $14,950,000 | $182,317 |