Bank of Hanover & Trust Co Mortgage Lending & HMDA Data, 2004
In 2004, Bank of Hanover & Trust Co of Hanover, PA reported 946 mortgage applications totaling $71.5 million, down 41% from 2003. The average application was for $75,541, and applicants reported an average income of $51,303. 88% of its applications resulted in an originated loan and 7% were denied. Its largest markets were York-Hanover, PA (452), Baltimore-Towson, MD (66) and Harrisburg-Carlisle, PA (6) (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 | 946 |
| Total Mortgage Loan Application Amount | $71,462,000 |
| Average Mortgage Loan Application Amount | $75,541 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $51,303 |
| Highest Applicant Income | $1,381,000 |
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records Bank of Hanover & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| York-Hanover, PA | 452 | $ 32,158,000 | $ 71,146 | $ 56,000 |
| Baltimore-Towson, MD | 66 | $ 7,507,000 | $ 113,742 | $ 93,000 |
| Harrisburg-Carlisle, PA | 6 | $ 219,000 | $ 36,500 | $ 50,000 |
| Lancaster, PA | 4 | $ 474,000 | $ 118,500 | $ 74,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 203,000 | $ 101,500 | $ 57,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 10,000 | $ 10,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Bank of Hanover & Trust Co in 2004
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 | 429 | $34,732,000 | $131,333 | $450,000 | $174,666 | $1,381,000 |
| Home Purchase | 272 | $30,818,000 | $160,250 | $1,000,000 | $85,250 | $677,000 |
| Home Improvement | 245 | $5,912,000 | $21,666 | $160,000 | $69,666 | $650,000 |
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 | 864 | $64,501,000 | $152,800 | $688,000 | $143,800 | $1,381,000 |
| Not applicable | 28 | $4,096,000 | $152,500 | $1,000,000 | $68,000 | $677,000 |
| Not Provided | 18 | $795,000 | $28,000 | $116,000 | $68,500 | $92,000 |
| Hispanic | 13 | $941,000 | $105,500 | $237,000 | $68,000 | $224,000 |
| American Indian or Alaskan Native | 7 | $388,000 | $47,000 | $126,000 | $50,500 | $69,000 |
| Black or African American | 7 | $191,000 | $25,000 | $75,000 | $35,000 | $53,000 |
| Asian | 5 | $392,000 | $71,500 | $128,000 | $60,500 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $158,000 | $31,000 | $77,000 | $36,500 | $67,000 |
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) | 946 | $71,462,000 | $128,500 | $1,000,000 | $136,333 | $1,381,000 |
| 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 | 832 | $64,177,000 | $174,250 | $1,000,000 | $173,500 | $1,381,000 |
| Application Denied By Financial Institution | 62 | $3,213,000 | $39,000 | $180,000 | $51,000 | $135,000 |
| Application Withdrawn By Applicant | 33 | $2,894,000 | $97,666 | $640,000 | $80,000 | $224,000 |
| Application Approved But Not Accepted | 11 | $663,000 | $60,000 | $171,000 | $69,000 | $180,000 |
| Preapproval Denied by Financial Institution | 7 | $510,000 | $72,000 | $171,000 | $33,000 | $54,000 |
| File Closed For Incompleteness | 1 | $5,000 | $5,000 | $5,000 | $14,000 | $14,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 2004 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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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