1st Financial, Inc. Mortgage Lending & HMDA Data, 2024
In 2024, 1st Financial, Inc. of Millersville, MD reported 676 mortgage applications totaling $275.3 million, down 1% from 2023. The average application was for $407,218, and applicants reported an average income of $151,968. 53% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (301), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (100) and Baltimore-Columbia-Towson, MD (58) (applications in parentheses).
| Mortgage Company & Address | 1st Financial, Inc. 1111 Benfield Blvd #106 Millersville, MD 21108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2017 2016 2015 |
| Total Number of Mortgage Applications | 676 |
| Total Mortgage Loan Application Amount | $275,280,000 |
| Average Mortgage Loan Application Amount | $407,218 |
| Highest Mortgage Loan Application Amount | $1,325,000 |
| Average Applicant Income | $151,968 |
| Highest Applicant Income | $1,787,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1st Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Miami-Miami Beach-Kendall, FL | 301 | $ 135,295,000 | $ 449,485 | $ 164,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 100 | $ 42,100,000 | $ 421,000 | $ 177,000 |
| Baltimore-Columbia-Towson, MD | 58 | $ 17,710,000 | $ 305,344 | $ 102,000 |
| Washington, DC-MD | 39 | $ 16,605,000 | $ 425,769 | $ 131,923 |
| Cape Coral-Fort Myers, FL | 27 | $ 8,625,000 | $ 319,444 | $ 118,000 |
| Outside any metro area | 23 | $ 7,185,000 | $ 312,391 | $ 104,434 |
| Tampa, FL | 19 | $ 8,185,000 | $ 430,789 | $ 194,000 |
| Orlando-Kissimmee-Sanford, FL | 15 | $ 6,485,000 | $ 432,333 | $ 159,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 13 | $ 5,105,000 | $ 392,692 | $ 143,000 |
| Washington-Baltimore-Arlington, DC | 10 | $ 5,340,000 | $ 534,000 | $ 229,000 |
| Ocala, FL | 8 | $ 2,340,000 | $ 292,500 | $ 91,000 |
| Houston-The Woodlands-Sugar Land, TX | 6 | $ 1,800,000 | $ 300,000 | $ 112,000 |
| Jacksonville, FL | 5 | $ 1,525,000 | $ 305,000 | $ 93,000 |
| Arlington-Alexandria-Reston, VA-WV | 4 | $ 1,460,000 | $ 365,000 | $ 94,000 |
| Gainesville, FL | 4 | $ 650,000 | $ 162,500 | $ 82,000 |
| Hagerstown-Martinsburg, MD-WV | 4 | $ 1,130,000 | $ 282,500 | $ 94,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 1,800,000 | $ 450,000 | $ 131,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,450,000 | $ 362,500 | $ 96,000 |
| Lakeland-Winter Haven, FL | 3 | $ 1,415,000 | $ 471,666 | $ 142,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 895,000 | $ 298,333 | $ 89,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 1,110,000 | $ 555,000 | $ 130,000 |
| Dallas-Plano-Irving, TX | 2 | $ 400,000 | $ 200,000 | $ 94,000 |
| Lansing-East Lansing, MI | 2 | $ 1,020,000 | $ 510,000 | $ 179,000 |
| Lexington Park, MD | 2 | $ 430,000 | $ 215,000 | $ 115,000 |
| Odessa, TX | 2 | $ 810,000 | $ 405,000 | $ 201,000 |
| Panama City, FL | 2 | $ 730,000 | $ 365,000 | $ 143,000 |
| Port St. Lucie, FL | 2 | $ 660,000 | $ 330,000 | $ 155,000 |
| San Antonio-New Braunfels, TX | 2 | $ 410,000 | $ 205,000 | $ 84,000 |
| St. Petersburg-Clearwater-Largo, FL | 2 | $ 590,000 | $ 295,000 | $ 446,000 |
| Corpus Christi, TX | 1 | $ 395,000 | $ 395,000 | $ 105,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 275,000 | $ 275,000 | $ 93,000 |
| Homosassa Springs, FL | 1 | $ 335,000 | $ 335,000 | $ 156,000 |
| Killeen-Temple, TX | 1 | $ 145,000 | $ 145,000 | $ 56,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 55,000 | $ 55,000 | $ 44,000 |
| Punta Gorda, FL | 1 | $ 205,000 | $ 205,000 | $ 242,000 |
| Sebring, FL | 1 | $ 315,000 | $ 315,000 | $ 107,000 |
| Wildwood-The Villages, FL | 1 | $ 295,000 | $ 295,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for 1st Financial, Inc. in 2024
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 595 | $243,605,000 | $409,000 | $1,325,000 | $152,000 | $1,787,000 |
| Refinancing | 55 | $22,755,000 | $413,000 | $855,000 | $145,000 | $360,000 |
| Cash-out Refinancing | 26 | $8,920,000 | $343,000 | $915,000 | $166,000 | $1,523,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 476 | $203,150,000 | $426,000 | $1,075,000 | $157,000 | $1,787,000 |
| Black or African American | 97 | $36,965,000 | $381,000 | $1,325,000 | $134,000 | $1,192,000 |
| White | 63 | $20,275,000 | $321,000 | $1,255,000 | $155,000 | $461,000 |
| Not Provided | 37 | $13,405,000 | $362,000 | $835,000 | $125,000 | $840,000 |
| Asian | 3 | $1,485,000 | $495,000 | $815,000 | $160,000 | $267,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 407 | $157,825,000 | $387,000 | $1,325,000 | $174,000 | $1,787,000 |
| FHA-insured (Federal Housing Administration) | 247 | $108,455,000 | $439,000 | $855,000 | $120,000 | $271,000 |
| VA-guaranteed (Veterans Administration) | 18 | $7,570,000 | $420,000 | $725,000 | $108,000 | $205,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $1,430,000 | $357,000 | $525,000 | $79,000 | $135,000 |
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 | 359 | $148,405,000 | $413,000 | $1,325,000 | $159,000 | $1,787,000 |
| Application Withdrawn By Applicant | 158 | $65,430,000 | $414,000 | $1,195,000 | $146,000 | $1,320,000 |
| Application Denied By Financial Institution | 73 | $24,635,000 | $337,000 | $805,000 | $117,000 | $428,000 |
| Application Approved But Not Accepted | 50 | $24,310,000 | $486,000 | $1,075,000 | $167,000 | $747,000 |
| File Closed For Incompleteness | 36 | $12,500,000 | $347,000 | $755,000 | $156,000 | $840,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 603 | $250,645,000 | $415,000 | $1,325,000 | $156,000 | $1,787,000 |
| Other | 29 | $8,955,000 | $308,000 | $805,000 | $114,000 | $288,000 |
| Collateral | 13 | $3,195,000 | $245,000 | $405,000 | $99,000 | $194,000 |
| Unverifiable Information | 12 | $4,690,000 | $390,000 | $635,000 | $149,000 | $428,000 |
| Debt-To-Income Ratio | 11 | $4,465,000 | $405,000 | $725,000 | $115,000 | $210,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,260,000 | $315,000 | $605,000 | $78,000 | $177,000 |
| Credit History | 3 | $1,555,000 | $518,000 | $645,000 | $133,000 | $160,000 |
| Employment History | 1 | $515,000 | $515,000 | $515,000 | $133,000 | $133,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st Financial, Inc.'s 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess 1st Financial, Inc.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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