First Hope Bank A National Banking Association Mortgage Rates, Fees & Info
Hope, NJLEI: 5493003XLOX5FDT9R120
Tax ID: 22-0998445
Latest/2023 | 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 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, East Stroudsburg, Myrtle Beach, and Ocean City among others. We have data for 10 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
130Origination Dollar Volume (All Markets)
$33,220,000Top 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) | 82 | $23,720,000 | $289,268 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 36 | $4,960,000 | $137,778 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,355,000 | $1,355,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $33,220,000 | $255,538 | $0 | 0.00% |
For 2022, First Hope Bank A National Banking Association's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2022, First Hope Bank A National Banking Association's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Home Improvement, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $33,220,000 | $255,538 | $0 | 0.00% |
For 2022, First Hope Bank A National Banking Association's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2022 saw First Hope Bank A National Banking Association place emphasis on $100,000 or less loans with 50 originations, totaling $2,400,000 in origination value.
Applicant Income
First Hope Bank A National Banking Association lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $33,220,000 | $255,538 | $0 | 0.00% |
First Hope Bank A National Banking Association lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.54%
First Hope Bank A National Banking Association has a below average approval rate.
Pick Rate
Approvals leading to origination80.77%
First Hope Bank A National Banking Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $33,220,000 | $255,538 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |