Bank of Hanover & Trust Co Mortgage Lending & HMDA Data, 2003
In 2003, Bank of Hanover & Trust Co of Hanover, PA reported 1,601 mortgage applications totaling $120.9 million. The average application was for $75,500, and applicants reported an average income of $58,693. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were York, PA (757), Baltimore, MD (99) and Harrisburg-Lebanon-Carlisle, PA (4) (applications in parentheses).
| Mortgage Company & Address | Bank of Hanover & Trust Co 25 Carlisle St Hanover, PA 17331 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,601 |
| Total Mortgage Loan Application Amount | $120,877,000 |
| Average Mortgage Loan Application Amount | $75,500 |
| Highest Mortgage Loan Application Amount | $1,240,000 |
| Average Applicant Income | $58,693 |
| Highest Applicant Income | $780,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Hanover & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| York, Pennsylvania | 757 | $ 54,380,000 | $ 71,836 | $ 49,000 |
| Adams, Pennsylvania | 723 | $ 53,885,000 | $ 74,529 | $ 48,000 |
| Carroll, Maryland | 86 | $ 7,931,000 | $ 92,220 | $ 55,000 |
| Baltimore, Maryland | 10 | $ 685,000 | $ 68,500 | $ 53,000 |
| Prince George's, Maryland | 5 | $ 1,026,000 | $ 205,200 | $ 0 |
| Frederick, Maryland | 4 | $ 446,000 | $ 111,500 | $ 39,000 |
| Cumberland, Pennsylvania | 3 | $ 418,000 | $ 139,333 | $ 86,000 |
| Sussex, Delaware | 2 | $ 671,000 | $ 335,500 | $ 251,000 |
| Baltimore City, Maryland | 2 | $ 462,000 | $ 231,000 | $ 182,000 |
| Franklin, Pennsylvania | 2 | $ 212,000 | $ 106,000 | $ 68,000 |
| Lancaster, Pennsylvania | 2 | $ 454,000 | $ 227,000 | $ 189,000 |
| Anne Arundel, Maryland | 1 | $ 142,000 | $ 142,000 | $ 86,000 |
| Worcester, Maryland | 1 | $ 57,000 | $ 57,000 | $ 0 |
| Orange, New York | 1 | $ 20,000 | $ 20,000 | $ 19,000 |
| Clearfield, Pennsylvania | 1 | $ 23,000 | $ 23,000 | $ 70,000 |
| Lebanon, Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Bank of Hanover & Trust Co in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 1,186 | $92,280,000 | $108,666 | $552,000 | $46,333 | $780,000 |
| Home Improvement (one-to-four family) | 210 | $4,805,000 | $25,000 | $150,000 | $52,000 | $169,000 |
| Home Purchase (one-to-four family) | 189 | $19,901,000 | $191,500 | $521,000 | $157,500 | $484,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 16 | $3,891,000 | $243,000 | $1,240,000 | $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 |
|---|---|---|---|---|---|---|
| White | 1,538 | $115,734,000 | $130,500 | $1,240,000 | $103,000 | $780,000 |
| Not applicable | 28 | $2,940,000 | $98,500 | $440,000 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 15 | $741,000 | $51,000 | $116,000 | $65,500 | $139,000 |
| Asian or Pacific Islander | 7 | $622,000 | $117,000 | $157,000 | $39,500 | $93,000 |
| Other | 6 | $376,000 | $62,000 | $89,000 | $47,000 | $52,000 |
| Hispanic | 4 | $268,000 | $69,000 | $88,000 | $53,000 | $58,000 |
| American Indian or Alaskan Native | 2 | $157,000 | $78,000 | $80,000 | $46,000 | $52,000 |
| Black | 1 | $39,000 | $39,000 | $39,000 | $64,000 | $64,000 |
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) | 1,601 | $120,877,000 | $131,500 | $1,240,000 | $95,250 | $780,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,481 | $114,469,000 | $179,250 | $1,240,000 | $153,500 | $780,000 |
| Application Denied By Financial Institution | 60 | $3,326,000 | $92,000 | $303,000 | $43,000 | $163,000 |
| Application Withdrawn By Applicant | 41 | $1,822,000 | $36,000 | $204,000 | $89,500 | $175,000 |
| Application Approved But Not Accepted | 18 | $1,257,000 | $116,000 | $168,000 | $48,500 | $97,000 |
| File Closed For Incompleteness | 1 | $3,000 | $3,000 | $3,000 | $23,000 | $23,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Hanover & Trust Co's 2003 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 Bank of Hanover & Trust Co'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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with aggregated HMDA statistics today.
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