Dover Mortgage Company Mortgage Lending & HMDA Data, 2009
In 2009, Dover Mortgage Company of Charlotte, NC reported 4,903 mortgage applications totaling $774.2 million, up 158% from 2008. The average application was for $157,908, and applicants reported an average income of $51,901. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Charlotte-Gastonia-Concord, NC-SC (649), Knoxville, TN (422) and Chattanooga, TN-GA (341) (applications in parentheses).
| Mortgage Company & Address | Dover Mortgage Company 711 E. Morehead St Charlotte, NC 28202 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 4,903 |
| Total Mortgage Loan Application Amount | $774,224,000 |
| Average Mortgage Loan Application Amount | $157,908 |
| Highest Mortgage Loan Application Amount | $1,423,000 |
| Average Applicant Income | $51,901 |
| Highest Applicant Income | $1,430,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dover Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Charlotte-Gastonia-Concord, NC-SC | 649 | $ 111,644,000 | $ 172,024 | $ 64,545 |
| Knoxville, TN | 422 | $ 59,642,000 | $ 141,331 | $ 49,000 |
| Chattanooga, TN-GA | 341 | $ 47,491,000 | $ 139,269 | $ 45,000 |
| Fayetteville, NC | 196 | $ 30,496,000 | $ 155,591 | $ 63,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 159 | $ 23,554,000 | $ 148,138 | $ 47,000 |
| Raleigh-Cary, NC | 137 | $ 24,456,000 | $ 178,510 | $ 55,000 |
| Columbia, SC | 127 | $ 18,915,000 | $ 148,937 | $ 58,000 |
| Richmond, VA | 104 | $ 21,097,000 | $ 202,855 | $ 58,000 |
| Portland-South Portland-Biddeford, ME | 96 | $ 18,169,000 | $ 189,260 | $ 50,000 |
| Baltimore-Towson, MD | 92 | $ 22,951,000 | $ 249,467 | $ 62,000 |
| Memphis, TN-MS-AR | 91 | $ 13,174,000 | $ 144,769 | $ 51,450 |
| Morristown, TN | 89 | $ 10,544,000 | $ 118,471 | $ 38,000 |
| Greenville, NC | 87 | $ 12,968,000 | $ 149,057 | $ 59,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 76 | $ 15,623,000 | $ 205,565 | $ 60,000 |
| Bangor, ME | 73 | $ 10,551,000 | $ 144,534 | $ 39,000 |
| Charleston-North Charleston-Summerville, SC | 66 | $ 11,054,000 | $ 167,484 | $ 52,000 |
| Rockingham County-Strafford County, NH | 64 | $ 13,554,000 | $ 211,781 | $ 56,000 |
| Hickory-Lenoir-Morganton, NC | 62 | $ 8,694,000 | $ 140,225 | $ 50,000 |
| Manchester-Nashua, NH | 58 | $ 12,506,000 | $ 215,620 | $ 53,000 |
| Wilmington, NC | 53 | $ 10,822,000 | $ 204,188 | $ 88,000 |
| Greensboro-High Point, NC | 51 | $ 7,699,000 | $ 150,960 | $ 42,000 |
| Burlington, NC | 42 | $ 5,730,000 | $ 136,428 | $ 53,000 |
| Durham-Chapel Hill, NC | 41 | $ 7,018,000 | $ 171,170 | $ 56,000 |
| Kingsport-Bristol-Bristol, TN-VA | 38 | $ 4,247,000 | $ 111,763 | $ 38,894 |
| Atlanta-Sandy Springs-Marietta, GA | 36 | $ 7,047,000 | $ 195,750 | $ 58,000 |
| Cleveland, TN | 36 | $ 5,496,000 | $ 152,666 | $ 45,000 |
| Asheville, NC | 35 | $ 5,671,000 | $ 162,028 | $ 42,000 |
| Greenville-Mauldin-Easley, SC | 34 | $ 4,791,000 | $ 140,911 | $ 46,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 29 | $ 8,788,000 | $ 303,034 | $ 58,172 |
| Johnson City, TN | 28 | $ 4,109,000 | $ 146,750 | $ 47,000 |
| Winston-Salem, NC | 27 | $ 3,618,000 | $ 134,000 | $ 35,000 |
| York-Hanover, PA | 24 | $ 4,223,000 | $ 175,958 | $ 45,000 |
| Dalton, GA | 19 | $ 2,233,000 | $ 117,526 | $ 40,000 |
| Lewiston-Auburn, ME | 19 | $ 2,673,000 | $ 140,684 | $ 43,000 |
| Philadelphia, PA | 15 | $ 3,567,000 | $ 237,800 | $ 37,000 |
| Augusta-Richmond County, GA-SC | 14 | $ 2,144,000 | $ 153,142 | $ 63,000 |
| Cambridge-Newton-Framingham, MA | 14 | $ 3,642,000 | $ 260,142 | $ 56,000 |
| Anderson, SC | 13 | $ 1,726,000 | $ 132,769 | $ 49,000 |
| Bethesda-Frederick-Rockville, MD | 13 | $ 4,682,000 | $ 360,153 | $ 83,000 |
| Spartanburg, SC | 13 | $ 1,592,000 | $ 122,461 | $ 34,000 |
| Worcester, MA | 13 | $ 2,751,000 | $ 211,615 | $ 27,000 |
| Clarksville, TN-KY | 12 | $ 1,908,000 | $ 159,000 | $ 53,333 |
| Florence, SC | 12 | $ 1,493,000 | $ 124,416 | $ 47,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 12 | $ 1,688,000 | $ 140,666 | $ 79,000 |
| Louisville-Jefferson County, KY-IN | 11 | $ 1,416,000 | $ 128,727 | $ 41,000 |
| Jacksonville, NC | 9 | $ 1,420,000 | $ 157,777 | $ 59,000 |
| Peabody, MA | 9 | $ 2,310,000 | $ 256,666 | $ 62,000 |
| Rocky Mount, NC | 9 | $ 1,141,000 | $ 126,777 | $ 35,000 |
| Birmingham-Hoover, AL | 8 | $ 1,428,000 | $ 178,500 | $ 53,000 |
| Boston-Quincy, MA | 8 | $ 2,068,000 | $ 258,500 | $ 44,000 |
| Lancaster, PA | 6 | $ 1,272,000 | $ 212,000 | $ 49,000 |
| Wilmington, DE-MD-NJ | 6 | $ 1,124,000 | $ 187,333 | $ 39,500 |
| Jackson, MS | 5 | $ 453,000 | $ 90,600 | $ 45,000 |
| Kansas City, MO-KS | 5 | $ 770,000 | $ 154,000 | $ 38,000 |
| Charlottesville, VA | 4 | $ 720,000 | $ 180,000 | $ 57,000 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 498,000 | $ 124,500 | $ 42,000 |
| Joplin, MO | 4 | $ 389,000 | $ 97,250 | $ 50,000 |
| Pittsburgh, PA | 4 | $ 766,000 | $ 191,500 | $ 8,000 |
| Springfield, MA | 4 | $ 699,000 | $ 174,750 | $ 42,000 |
| Springfield, MO | 4 | $ 390,000 | $ 97,500 | $ 33,000 |
| Danville, VA | 3 | $ 325,000 | $ 108,333 | $ 66,000 |
| Goldsboro, NC | 3 | $ 493,000 | $ 164,333 | $ 22,000 |
| Huntington-Ashland, WV-KY-OH | 3 | $ 283,000 | $ 94,333 | $ 51,000 |
| Jackson, TN | 3 | $ 256,000 | $ 85,333 | $ 47,000 |
| Lexington-Fayette, KY | 3 | $ 351,000 | $ 117,000 | $ 46,000 |
| Providence-New Bedford-Fall River, RI-MA | 3 | $ 967,000 | $ 322,333 | $ 33,000 |
| Reading, PA | 3 | $ 649,000 | $ 216,333 | $ 71,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 517,000 | $ 258,500 | $ 129,000 |
| Barnstable Town, MA | 2 | $ 376,000 | $ 188,000 | $ 15,000 |
| Cape Girardeau-Jackson, MO-IL | 2 | $ 297,000 | $ 148,500 | $ 70,000 |
| Dover, DE | 2 | $ 224,000 | $ 112,000 | $ 26,000 |
| Elizabethtown, KY | 2 | $ 225,000 | $ 112,500 | $ 41,000 |
| Gainesville, GA | 2 | $ 220,000 | $ 110,000 | $ 49,000 |
| Harrisburg-Carlisle, PA | 2 | $ 528,000 | $ 264,000 | $ 74,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 633,000 | $ 316,500 | $ 119,000 |
| Lynchburg, VA | 2 | $ 230,000 | $ 115,000 | $ 61,000 |
| Montgomery, AL | 2 | $ 330,000 | $ 165,000 | $ 20,000 |
| Orlando-Kissimmee, FL | 2 | $ 223,000 | $ 111,500 | $ 63,000 |
| Owensboro, KY | 2 | $ 170,000 | $ 85,000 | $ 35,000 |
| Roanoke, VA | 2 | $ 332,000 | $ 166,000 | $ 55,000 |
| Salisbury, MD | 2 | $ 338,000 | $ 169,000 | $ 74,000 |
| St. Louis, MO-IL | 2 | $ 224,000 | $ 112,000 | $ 40,000 |
| Sumter, SC | 2 | $ 200,000 | $ 100,000 | $ 19,000 |
| Tuscaloosa, AL | 2 | $ 242,000 | $ 121,000 | $ 38,000 |
| Valdosta, GA | 2 | $ 184,000 | $ 92,000 | $ 26,000 |
| Warner Robins, GA | 2 | $ 355,000 | $ 177,500 | $ 77,000 |
| Albany, GA | 1 | $ 133,000 | $ 133,000 | $ 47,000 |
| Athens-Clarke County, GA | 1 | $ 209,000 | $ 209,000 | $ 37,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 195,000 | $ 195,000 | $ 49,000 |
| Columbus, GA-AL | 1 | $ 175,000 | $ 175,000 | $ 65,000 |
| Cumberland, MD-WV | 1 | $ 160,000 | $ 160,000 | $ 0 |
| Denver-Aurora-Broomfield, CO | 1 | $ 517,000 | $ 517,000 | $ 314,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 206,000 | $ 206,000 | $ 39,000 |
| Huntsville, AL | 1 | $ 209,000 | $ 209,000 | $ 76,000 |
| New Haven-Milford, CT | 1 | $ 179,000 | $ 179,000 | $ 103,000 |
| Newark-Union, NJ-PA | 1 | $ 397,000 | $ 397,000 | $ 110,000 |
| Pittsfield, MA | 1 | $ 102,000 | $ 102,000 | $ 65,000 |
| Savannah, GA | 1 | $ 130,000 | $ 130,000 | $ 38,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 186,000 | $ 186,000 | $ 79,000 |
| St. Joseph, MO-KS | 1 | $ 97,000 | $ 97,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Dover Mortgage Company in 2009
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 | 2,558 | $355,904,000 | $139,000 | $800,000 | $50,000 | $584,000 |
| Refinancing | 2,338 | $417,480,000 | $178,000 | $1,423,000 | $54,000 | $1,430,000 |
| Home Improvement | 7 | $840,000 | $120,000 | $296,000 | $46,000 | $90,000 |
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 | 3,772 | $597,597,000 | $158,000 | $1,423,000 | $53,000 | $1,430,000 |
| Black or African American | 607 | $90,048,000 | $148,000 | $639,000 | $46,000 | $212,000 |
| Not Provided | 320 | $52,639,000 | $164,000 | $539,000 | $50,000 | $315,000 |
| Hispanic | 126 | $19,642,000 | $155,000 | $625,000 | $53,000 | $683,000 |
| Asian | 52 | $9,917,000 | $190,000 | $675,000 | $62,000 | $320,000 |
| American Indian or Alaskan Native | 15 | $2,222,000 | $148,000 | $382,000 | $63,000 | $205,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $2,159,000 | $196,000 | $361,000 | $33,000 | $141,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,244 | $350,715,000 | $156,000 | $639,000 | $45,000 | $584,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1,486 | $191,820,000 | $129,000 | $372,000 | $42,000 | $103,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 795 | $157,923,000 | $198,000 | $1,423,000 | $87,000 | $1,430,000 |
| VA-guaranteed (Veterans Administration) | 378 | $73,766,000 | $195,000 | $660,000 | $59,000 | $199,000 |
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 | 3,514 | $547,688,000 | $155,000 | $854,000 | $50,000 | $672,000 |
| Application Withdrawn By Applicant | 548 | $87,091,000 | $158,000 | $517,000 | $55,000 | $584,000 |
| Application Approved But Not Accepted | 363 | $59,481,000 | $163,000 | $625,000 | $54,000 | $683,000 |
| Application Denied By Financial Institution | 356 | $59,989,000 | $168,000 | $1,423,000 | $60,000 | $589,000 |
| File Closed For Incompleteness | 122 | $19,975,000 | $163,000 | $595,000 | $68,000 | $1,430,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 116 | $16,413,000 | $141,000 | $397,000 | $50,000 | $451,000 |
| Debt-To-Income Ratio | 60 | $10,883,000 | $181,000 | $545,000 | $51,000 | $183,000 |
| Other | 55 | $9,168,000 | $166,000 | $539,000 | $70,000 | $315,000 |
| Collateral | 40 | $9,433,000 | $235,000 | $1,423,000 | $90,000 | $589,000 |
| Unverifiable Information | 36 | $6,416,000 | $178,000 | $800,000 | $65,000 | $312,000 |
| Employment History | 14 | $2,290,000 | $163,000 | $330,000 | $50,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $478,000 | $95,000 | $158,000 | $35,000 | $57,000 |
| Credit Application Incomplete | 4 | $813,000 | $203,000 | $293,000 | $95,000 | $191,000 |
| Mortgage Insurance Denied | 3 | $704,000 | $234,000 | $266,000 | $54,000 | $89,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Dover Mortgage Company's 2009 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 Dover Mortgage Company'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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