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First Hope Bank, A National Banking Assocation

HOPE, NJ

First Hope Bank, A National Banking Assocation processed 112 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 73 loans with a 18.8% denial rate. Home Improvement was the primary loan purpose. Based in HOPE, NJ. The approval rate of 65.2% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Hope Bank, A National Banking Assocation's 65.2% origination rate tells you how often an application turned into funded money; the 18.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (112 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

112
Applications
73
Originated
18.8%
Denial Rate
$242,143
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 112 73 21 $242,143

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Hope Bank, A National Banking Assocation (LEI: 5493003XLOX5FDT9R120) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
13
Collateral
4
Credit history
2
Other
2
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 39 23 $90,128
Home Purchase 26 19 $491,154
Refinancing 26 21 $320,769
Other 18 9 $87,222
Cash-out Refinancing 3 1 $308,333

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 88 65.9% 17.1%
Asian * 2 100.0% 0.0%
American Indian or Alaska Native * 1 100.0% 0.0%
Joint * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 76 71.0% 11.8%
Hispanic or Latino * 7 28.6% 42.9%
Joint * 3 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in NJ

Other HMDA-reporting lenders in NJ with similar activity. Compare any two side-by-side.

TD Bank

Mount Laurel, NJ

56,179 apps 24,748 originated 26.1% denied

HomeBridge Financial Services, Inc

Iselin, NJ

20,428 apps 11,641 originated 24.9% denied

American Neighborhood Mortgage Acceptance Company

Mt. Laurel, NJ

15,393 apps 9,465 originated 2.1% denied

American Financial Resources LLC

PARSIPPANY, NJ

9,814 apps 5,214 originated 8.4% denied

Longbridge Financial, LLC

PARAMUS, NJ

9,231 apps 3,849 originated 8.7% denied
Compare First Hope Bank, A National Banking Assocation vs TD Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Hope Bank, A National Banking Assocation process?
First Hope Bank, A National Banking Assocation processed 112 mortgage applications in the 2024 HMDA reporting year. Of these, 73 were originated (approved and funded), 16 were withdrawn by the applicant, and 21 were denied.
What is First Hope Bank, A National Banking Assocation's mortgage approval rate?
First Hope Bank, A National Banking Assocation has an approval (origination) rate of 65.2%, meaning 65.2% of all applications resulted in a funded mortgage. The denial rate is 18.8%.
What is the average loan amount at First Hope Bank, A National Banking Assocation?
The average mortgage loan amount at First Hope Bank, A National Banking Assocation is $242,143.
What are the most common reasons for mortgage denial at First Hope Bank, A National Banking Assocation?
The most common reasons for mortgage denial at First Hope Bank, A National Banking Assocation are: Debt-to-income ratio, Collateral, Credit history. In total, 21 applications were denied out of 112 total applications.
What types of mortgage loans does First Hope Bank, A National Banking Assocation offer?
First Hope Bank, A National Banking Assocation processes Conventional loans. The most common type is Conventional with 112 applications and an average loan amount of $242,143.
What loan purposes does First Hope Bank, A National Banking Assocation serve?
First Hope Bank, A National Banking Assocation serves the following loan purposes: Home Improvement (39 applications), Home Purchase (26 applications), Refinancing (26 applications), Other (18 applications), Cash-out Refinancing (3 applications). Home Improvement is the most common purpose.
Where is First Hope Bank, A National Banking Assocation located?
First Hope Bank, A National Banking Assocation is headquartered in HOPE, NJ. The lender is identified by LEI 5493003XLOX5FDT9R120 in HMDA data.
How does First Hope Bank, A National Banking Assocation compare in lending across racial demographics?
First Hope Bank, A National Banking Assocation reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.9% and denial rate of 17.1%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%; American Indian or Alaska Native applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.