First Bancorp, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2016
First Bancorp, Inc. 2016 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | First Bancorp, Inc. Po Box 1000 Lebanon, VA 24212 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 988 |
| Total Mortgage Loan Application Amount | $185,050,000 |
| Average Mortgage Loan Application Amount | $152,666 |
| Highest Mortgage Loan Application Amount | $9,000,000 |
| Average Applicant Income | $85,000 |
| Highest Applicant Income | $1,440,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2016 with First Bancorp, Inc.. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing First Bancorp, Inc.'s lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2016 breaks down First Bancorp, Inc.'s mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how First Bancorp, Inc. serves its applicants.
Each category highlights the total number of mortgage applications processed by First Bancorp, Inc., total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at First Bancorp, Inc.'s mortgage activity for 2016.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington County Virginia | 167 | $ 29,879,000 | $ 178,000 | $ 103,000 |
| Sullivan County Tennessee | 132 | $ 18,225,000 | $ 138,000 | $ 87,000 |
| Russell County Virginia | 63 | $ 5,189,000 | $ 82,000 | $ 67,000 |
| Augusta County Virginia | 58 | $ 11,031,000 | $ 190,000 | $ 111,000 |
| Bedford County Virginia | 52 | $ 14,556,000 | $ 279,000 | $ 117,000 |
| Wise County Virginia | 49 | $ 5,614,000 | $ 114,000 | $ 85,000 |
| Franklin County Virginia | 45 | $ 8,156,000 | $ 181,000 | $ 113,000 |
| Montgomery County Virginia | 40 | $ 8,068,000 | $ 201,000 | $ 136,000 |
| Washington County Tennessee | 39 | $ 5,288,000 | $ 135,000 | $ 81,000 |
| Lynchburg County Virginia | 32 | $ 28,524,000 | $ 891,000 | $ 81,000 |
| Bristol County Virginia | 30 | $ 3,339,000 | $ 111,000 | $ 66,000 |
| Campbell County Virginia | 28 | $ 4,860,000 | $ 173,000 | $ 60,000 |
| Rockingham County Virginia | 22 | $ 4,327,000 | $ 196,000 | $ 76,000 |
| Shenandoah County Virginia | 17 | $ 2,896,000 | $ 170,000 | $ 61,000 |
| Staunton County Virginia | 16 | $ 1,975,000 | $ 123,000 | $ 60,000 |
| Wythe County Virginia | 16 | $ 2,835,000 | $ 177,000 | $ 93,000 |
| Pulaski County Virginia | 15 | $ 1,833,000 | $ 122,000 | $ 56,000 |
| Amherst County Virginia | 13 | $ 1,851,000 | $ 142,000 | $ 123,000 |
| Roanoke City County Virginia | 13 | $ 3,478,000 | $ 267,000 | $ 58,000 |
| Smyth County Virginia | 13 | $ 1,856,000 | $ 142,000 | $ 70,000 |
| Tazewell County Virginia | 10 | $ 1,569,000 | $ 156,000 | $ 148,000 |
| Waynesboro County Virginia | 9 | $ 958,000 | $ 106,000 | $ 31,000 |
| Greene County Tennessee | 7 | $ 895,000 | $ 127,000 | $ 64,000 |
| Harrisonburg County Virginia | 7 | $ 870,000 | $ 124,000 | $ 77,000 |
| Radford County Virginia | 7 | $ 667,000 | $ 95,000 | $ 44,000 |
| Dickenson County Virginia | 6 | $ 369,000 | $ 61,000 | $ 72,000 |
| Norton County Virginia | 6 | $ 586,000 | $ 97,000 | $ 94,000 |
| Hawkins County Tennessee | 5 | $ 677,000 | $ 135,000 | $ 90,000 |
| Frederick County Virginia | 5 | $ 1,166,000 | $ 233,000 | $ 84,000 |
| Pittsylvania County Virginia | 5 | $ 569,000 | $ 113,000 | $ 49,000 |
| Roanoke County Virginia | 5 | $ 1,274,000 | $ 254,000 | $ 118,000 |
| Scott County Virginia | 5 | $ 1,232,000 | $ 246,000 | $ 109,000 |
| Botetourt County Virginia | 4 | $ 721,000 | $ 180,000 | $ 645,000 |
| Nelson County Virginia | 4 | $ 903,000 | $ 225,000 | $ 258,000 |
| Dare County North Carolina | 2 | $ 424,000 | $ 212,000 | $ 149,000 |
| Iredell County North Carolina | 2 | $ 580,000 | $ 290,000 | $ 150,000 |
| Jefferson County Tennessee | 2 | $ 555,000 | $ 277,000 | $ 170,000 |
| Knox County Tennessee | 2 | $ 1,129,000 | $ 564,000 | $ 362,000 |
| Sevier County Tennessee | 2 | $ 401,000 | $ 200,000 | $ 96,000 |
| Unicoi County Tennessee | 2 | $ 94,000 | $ 47,000 | $ 53,000 |
| Floyd County Virginia | 2 | $ 461,000 | $ 230,000 | $ 130,000 |
| Lee County Virginia | 2 | $ 261,000 | $ 130,000 | $ 82,000 |
| Rockbridge County Virginia | 2 | $ 171,000 | $ 85,000 | $ 36,000 |
| Warren County Virginia | 2 | $ 505,000 | $ 252,000 | $ 297,000 |
| District of Columbia County District Of Columbia | 1 | $ 626,000 | $ 626,000 | $ 196,000 |
| Palm Beach County Florida | 1 | $ 374,000 | $ 374,000 | $ 56,000 |
| Cobb County Georgia | 1 | $ 360,000 | $ 360,000 | $ 162,000 |
| Otsego County New York | 1 | $ 5,000 | $ 5,000 | $ 30,000 |
| Stokes County North Carolina | 1 | $ 118,000 | $ 118,000 | $ 118,000 |
| Wayne County North Carolina | 1 | $ 100,000 | $ 100,000 | $ 84,000 |
| Yancey County North Carolina | 1 | $ 96,000 | $ 96,000 | $ 57,000 |
| Montgomery County Ohio | 1 | $ 88,000 | $ 88,000 | $ 54,000 |
| Beaufort County South Carolina | 1 | $ 300,000 | $ 300,000 | $ 340,000 |
| Carter County Tennessee | 1 | $ 67,000 | $ 67,000 | $ 83,000 |
| Grainger County Tennessee | 1 | $ 74,000 | $ 74,000 | $ 63,000 |
| Johnson County Tennessee | 1 | $ 118,000 | $ 118,000 | $ 278,000 |
| Albemarle County Virginia | 1 | $ 267,000 | $ 267,000 | $ 146,000 |
| Appomattox County Virginia | 1 | $ 230,000 | $ 230,000 | $ 135,000 |
| Bland County Virginia | 1 | $ 235,000 | $ 235,000 | $ 105,000 |
| Carroll County Virginia | 1 | $ 77,000 | $ 77,000 | $ 65,000 |
| Charlottesville County Virginia | 1 | $ 75,000 | $ 75,000 | $ 52,000 |
| Chesapeake County Virginia | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Giles County Virginia | 1 | $ 192,000 | $ 192,000 | $ 74,000 |
| Henrico County Virginia | 1 | $ 220,000 | $ 220,000 | $ 94,000 |
| Richmond City County Virginia | 1 | $ 141,000 | $ 141,000 | $ 133,000 |
| Berkeley County West Virginia | 1 | $ 188,000 | $ 188,000 | $ 100,000 |
| Monroe County West Virginia | 1 | $ 224,000 | $ 224,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for First Bancorp, Inc. in 2016
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 | 526 | $103,546,000 | $196,000 | $9,000,000 | $101,000 | $1,440,000 |
| Refinancing | 372 | $76,218,000 | $204,000 | $9,000,000 | $96,000 | $489,000 |
| Home Improvement | 90 | $5,286,000 | $58,000 | $375,000 | $58,000 | $266,000 |
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 | 868 | $137,543,000 | $158,000 | $868,000 | $99,000 | $1,440,000 |
| Not applicable | 55 | $34,891,000 | $634,000 | $9,000,000 | $2,000 | $146,000 |
| Not Provided | 34 | $5,274,000 | $155,000 | $417,000 | $84,000 | $275,000 |
| Hispanic | 13 | $2,580,000 | $198,000 | $480,000 | $141,000 | $519,000 |
| Asian | 8 | $2,481,000 | $310,000 | $840,000 | $188,000 | $568,000 |
| Black or African American | 8 | $2,026,000 | $253,000 | $342,000 | $200,000 | $510,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $185,000 | $185,000 | $185,000 | $369,000 | $369,000 |
| American Indian or Alaskan Native | 1 | $70,000 | $70,000 | $70,000 | $34,000 | $34,000 |
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) | 977 | $183,973,000 | $188,000 | $9,000,000 | $96,000 | $1,440,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $792,000 | $88,000 | $145,000 | $36,000 | $67,000 |
| FHA-insured (Federal Housing Administration) | 2 | $285,000 | $142,000 | $177,000 | $75,000 | $77,000 |
| 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 | 799 | $153,701,000 | $192,000 | $9,000,000 | $96,000 | $1,440,000 |
| Application Denied By Financial Institution | 71 | $10,560,000 | $148,000 | $417,000 | $66,000 | $209,000 |
| Application Approved But Not Accepted | 67 | $11,793,000 | $176,000 | $692,000 | $98,000 | $598,000 |
| Application Withdrawn By Applicant | 50 | $8,896,000 | $177,000 | $868,000 | $122,000 | $783,000 |
| File Closed For Incompleteness | 1 | $100,000 | $100,000 | $100,000 | $85,000 | $85,000 |
| 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 | 35 | $4,583,000 | $130,000 | $417,000 | $73,000 | $209,000 |
| Debt-To-Income Ratio | 20 | $3,955,000 | $197,000 | $400,000 | $65,000 | $150,000 |
| Collateral | 8 | $897,000 | $112,000 | $201,000 | $63,000 | $96,000 |
| Credit Application Incomplete | 4 | $581,000 | $145,000 | $355,000 | $48,000 | $91,000 |
| Employment History | 2 | $149,000 | $74,000 | $75,000 | $31,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $210,000 | $210,000 | $210,000 | $40,000 | $40,000 |
| Other | 1 | $185,000 | $185,000 | $185,000 | $33,000 | $33,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bancorp, Inc.'s 2016 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 First Bancorp, 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.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.