Bank of Hanover & Trust Co Mortgage Lending & HMDA Data, 2005
In 2005, Bank of Hanover & Trust Co of Hanover, PA reported 841 mortgage applications totaling $64.6 million, down 11% from 2004. The average application was for $76,832, and applicants reported an average income of $58,636. 85% of its applications resulted in an originated loan and 9% were denied. Its largest markets were York-Hanover, PA (432), Baltimore-Towson, MD (43) 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 | 841 |
| Total Mortgage Loan Application Amount | $64,616,000 |
| Average Mortgage Loan Application Amount | $76,832 |
| Highest Mortgage Loan Application Amount | $608,000 |
| Average Applicant Income | $58,636 |
| Highest Applicant Income | $497,000 |
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records Bank of Hanover & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 432 | $ 30,265,000 | $ 70,057 | $ 52,000 |
| Baltimore-Towson, MD | 43 | $ 5,046,000 | $ 117,348 | $ 61,000 |
| Harrisburg-Carlisle, PA | 6 | $ 850,000 | $ 141,666 | $ 75,000 |
| Bethesda-Frederick-Gaithersburg, MD | 3 | $ 65,000 | $ 21,666 | $ 67,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 230,000 | $ 230,000 | $ 70,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 60,000 | $ 60,000 | $ 51,000 |
| Las Cruces, NM | 1 | $ 138,000 | $ 138,000 | $ 51,000 |
| State College, PA | 1 | $ 117,000 | $ 117,000 | $ 166,000 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 11,000 | $ 11,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Bank of Hanover & Trust Co in 2005
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 | 390 | $33,545,000 | $99,000 | $512,000 | $52,333 | $497,000 |
| Home Improvement | 269 | $8,343,000 | $25,666 | $450,000 | $52,000 | $393,000 |
| Home Purchase | 182 | $22,728,000 | $200,833 | $608,000 | $48,500 | $358,000 |
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 | 783 | $60,042,000 | $146,125 | $512,000 | $47,250 | $497,000 |
| Not applicable | 25 | $3,314,000 | $132,000 | $608,000 | $0 | $0 |
| Not Provided | 15 | $484,000 | $62,000 | $138,000 | $64,333 | $107,000 |
| Hispanic | 10 | $329,000 | $32,000 | $99,000 | $55,000 | $117,000 |
| Asian | 3 | $338,000 | $97,000 | $144,000 | $68,000 | $122,000 |
| Black or African American | 3 | $95,000 | $31,000 | $70,000 | $31,000 | $77,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $5,000 | $5,000 | $5,000 | $55,000 | $55,000 |
| American Indian or Alaskan Native | 1 | $9,000 | $9,000 | $9,000 | $31,000 | $31,000 |
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) | 841 | $64,616,000 | $145,125 | $608,000 | $46,500 | $497,000 |
| 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 | 713 | $55,873,000 | $106,000 | $608,000 | $53,333 | $497,000 |
| Application Denied By Financial Institution | 78 | $4,855,000 | $58,000 | $450,000 | $53,500 | $146,000 |
| Application Withdrawn By Applicant | 28 | $1,799,000 | $144,000 | $230,000 | $26,500 | $176,000 |
| Application Approved But Not Accepted | 14 | $938,000 | $211,000 | $380,000 | $25,000 | $195,000 |
| Preapproval Denied by Financial Institution | 7 | $1,081,000 | $154,000 | $310,000 | $60,000 | $104,000 |
| File Closed For Incompleteness | 1 | $70,000 | $70,000 | $70,000 | $77,000 | $77,000 |
| 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 2005 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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