First Bancorp, Inc.
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
First Bancorp, Inc. 2023 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 | 1,243 |
| Total Mortgage Loan Application Amount | $292,645,000 |
| Average Mortgage Loan Application Amount | $270,600 |
| Highest Mortgage Loan Application Amount | $32,995,000 |
| Average Applicant Income | $130,800 |
| Highest Applicant Income | $3,741,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 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 2023 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 2023.
| 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 | 144 | $ 24,890,000 | $ 172,000 | $ 112,000 |
| Sullivan County Tennessee | 123 | $ 25,215,000 | $ 205,000 | $ 141,000 |
| Augusta County Virginia | 57 | $ 14,335,000 | $ 251,000 | $ 176,000 |
| Bedford County Virginia | 56 | $ 14,930,000 | $ 266,000 | $ 234,000 |
| Montgomery County Virginia | 51 | $ 10,555,000 | $ 206,000 | $ 169,000 |
| Russell County Virginia | 49 | $ 6,185,000 | $ 126,000 | $ 82,000 |
| Washington County Tennessee | 44 | $ 9,260,000 | $ 210,000 | $ 244,000 |
| Bristol County Virginia | 39 | $ 5,375,000 | $ 137,000 | $ 90,000 |
| Rockingham County Virginia | 38 | $ 6,090,000 | $ 160,000 | $ 121,000 |
| Lynchburg County Virginia | 32 | $ 5,280,000 | $ 165,000 | $ 194,000 |
| Wise County Virginia | 32 | $ 3,010,000 | $ 94,000 | $ 84,000 |
| Campbell County Virginia | 31 | $ 6,085,000 | $ 196,000 | $ 179,000 |
| Staunton County Virginia | 21 | $ 4,335,000 | $ 206,000 | $ 118,000 |
| Smyth County Virginia | 20 | $ 2,880,000 | $ 144,000 | $ 109,000 |
| Franklin County Virginia | 18 | $ 4,880,000 | $ 271,000 | $ 137,000 |
| Nash County North Carolina | 15 | $ 2,035,000 | $ 135,000 | $ 109,000 |
| Horry County South Carolina | 15 | $ 2,695,000 | $ 179,000 | $ 152,000 |
| Wythe County Virginia | 14 | $ 2,250,000 | $ 160,000 | $ 84,000 |
| Carter County Tennessee | 13 | $ 2,385,000 | $ 183,000 | $ 105,000 |
| Hawkins County Tennessee | 13 | $ 2,665,000 | $ 205,000 | $ 125,000 |
| Floyd County Virginia | 13 | $ 2,405,000 | $ 185,000 | $ 81,000 |
| Pulaski County Virginia | 13 | $ 2,185,000 | $ 168,000 | $ 105,000 |
| Harnett County North Carolina | 11 | $ 2,175,000 | $ 197,000 | $ 110,000 |
| Louisa County Virginia | 11 | $ 3,665,000 | $ 333,000 | $ 158,000 |
| Chesterfield County Virginia | 10 | $ 3,020,000 | $ 302,000 | $ 184,000 |
| Nelson County Virginia | 10 | $ 3,300,000 | $ 330,000 | $ 259,000 |
| Greene County Tennessee | 9 | $ 2,025,000 | $ 225,000 | $ 149,000 |
| Amherst County Virginia | 9 | $ 2,945,000 | $ 327,000 | $ 115,000 |
| Henrico County Virginia | 9 | $ 1,795,000 | $ 199,000 | $ 110,000 |
| Hanover County Virginia | 8 | $ 2,570,000 | $ 321,000 | $ 183,000 |
| Waynesboro County Virginia | 8 | $ 1,110,000 | $ 138,000 | $ 65,000 |
| Carroll County Virginia | 7 | $ 1,005,000 | $ 143,000 | $ 98,000 |
| Grayson County Virginia | 7 | $ 885,000 | $ 126,000 | $ 58,000 |
| Norton County Virginia | 7 | $ 505,000 | $ 72,000 | $ 92,000 |
| Roanoke County Virginia | 7 | $ 1,705,000 | $ 243,000 | $ 131,000 |
| Avery County North Carolina | 6 | $ 900,000 | $ 150,000 | $ 244,000 |
| Wake County North Carolina | 6 | $ 3,000,000 | $ 500,000 | $ 851,000 |
| Albemarle County Virginia | 6 | $ 1,220,000 | $ 203,000 | $ 159,000 |
| Appomattox County Virginia | 6 | $ 1,640,000 | $ 273,000 | $ 160,000 |
| Giles County Virginia | 6 | $ 930,000 | $ 155,000 | $ 148,000 |
| Henry County Virginia | 6 | $ 1,320,000 | $ 220,000 | $ 80,000 |
| Scott County Virginia | 6 | $ 1,190,000 | $ 198,000 | $ 176,000 |
| Tazewell County Virginia | 6 | $ 500,000 | $ 83,000 | $ 53,000 |
| Berkeley County West Virginia | 6 | $ 1,240,000 | $ 206,000 | $ 297,000 |
| Durham County North Carolina | 5 | $ 1,255,000 | $ 251,000 | $ 166,000 |
| Pittsylvania County Virginia | 5 | $ 685,000 | $ 137,000 | $ 84,000 |
| Roanoke City County Virginia | 5 | $ 875,000 | $ 175,000 | $ 154,000 |
| Shenandoah County Virginia | 5 | $ 445,000 | $ 89,000 | $ 88,000 |
| Spotsylvania County Virginia | 5 | $ 1,535,000 | $ 307,000 | $ 130,000 |
| Cumberland County North Carolina | 4 | $ 610,000 | $ 152,000 | $ 240,000 |
| Edgecombe County North Carolina | 4 | $ 640,000 | $ 160,000 | $ 70,000 |
| Warren County North Carolina | 4 | $ 1,330,000 | $ 332,000 | $ 160,000 |
| Hamblen County Tennessee | 4 | $ 930,000 | $ 232,000 | $ 122,000 |
| Buchanan County Virginia | 4 | $ 200,000 | $ 50,000 | $ 82,000 |
| Charlottesville County Virginia | 4 | $ 940,000 | $ 235,000 | $ 237,000 |
| Frederick County Virginia | 4 | $ 33,800,000 | $ 8,450,000 | $ 78,000 |
| Page County Virginia | 4 | $ 980,000 | $ 245,000 | $ 140,000 |
| Patrick County Virginia | 4 | $ 1,050,000 | $ 262,000 | $ 105,000 |
| Radford County Virginia | 4 | $ 1,040,000 | $ 260,000 | $ 233,000 |
| Beaufort County North Carolina | 3 | $ 915,000 | $ 305,000 | $ 0 |
| Carteret County North Carolina | 3 | $ 1,435,000 | $ 478,000 | $ 180,000 |
| Dare County North Carolina | 3 | $ 1,385,000 | $ 461,000 | $ 261,000 |
| Forsyth County North Carolina | 3 | $ 905,000 | $ 301,000 | $ 199,000 |
| New Hanover County North Carolina | 3 | $ 1,585,000 | $ 528,000 | $ 0 |
| Onslow County North Carolina | 3 | $ 665,000 | $ 221,000 | $ 472,000 |
| Pitt County North Carolina | 3 | $ 685,000 | $ 228,000 | $ 0 |
| Sampson County North Carolina | 3 | $ 455,000 | $ 151,000 | $ 214,000 |
| Stokes County North Carolina | 3 | $ 505,000 | $ 168,000 | $ 116,000 |
| Surry County North Carolina | 3 | $ 1,185,000 | $ 395,000 | $ 352,000 |
| Jefferson County Tennessee | 3 | $ 485,000 | $ 161,000 | $ 133,000 |
| Knox County Tennessee | 3 | $ 405,000 | $ 135,000 | $ 153,000 |
| Bland County Virginia | 3 | $ 675,000 | $ 225,000 | $ 148,000 |
| Botetourt County Virginia | 3 | $ 835,000 | $ 278,000 | $ 167,000 |
| Craig County Virginia | 3 | $ 205,000 | $ 68,000 | $ 93,000 |
| Danville County Virginia | 3 | $ 595,000 | $ 198,000 | $ 419,000 |
| Halifax County Virginia | 3 | $ 645,000 | $ 215,000 | $ 132,000 |
| Harrisonburg County Virginia | 3 | $ 245,000 | $ 81,000 | $ 62,000 |
| Richmond City County Virginia | 3 | $ 865,000 | $ 288,000 | $ 90,000 |
| Frederick County Maryland | 2 | $ 430,000 | $ 215,000 | $ 121,000 |
| Brunswick County North Carolina | 2 | $ 550,000 | $ 275,000 | $ 0 |
| Catawba County North Carolina | 2 | $ 260,000 | $ 130,000 | $ 110,000 |
| Chatham County North Carolina | 2 | $ 390,000 | $ 195,000 | $ 209,000 |
| Johnston County North Carolina | 2 | $ 700,000 | $ 350,000 | $ 176,000 |
| Lenoir County North Carolina | 2 | $ 270,000 | $ 135,000 | $ 0 |
| Mecklenburg County North Carolina | 2 | $ 310,000 | $ 155,000 | $ 123,000 |
| Rowan County North Carolina | 2 | $ 190,000 | $ 95,000 | $ 30,000 |
| Anderson County Tennessee | 2 | $ 4,210,000 | $ 2,105,000 | $ 0 |
| Cocke County Tennessee | 2 | $ 410,000 | $ 205,000 | $ 60,000 |
| Davidson County Tennessee | 2 | $ 1,040,000 | $ 520,000 | $ 325,000 |
| Charles City County Virginia | 2 | $ 2,080,000 | $ 1,040,000 | $ 568,000 |
| Colonial Heights County Virginia | 2 | $ 430,000 | $ 215,000 | $ 162,000 |
| Culpeper County Virginia | 2 | $ 180,000 | $ 90,000 | $ 294,000 |
| Dickenson County Virginia | 2 | $ 210,000 | $ 105,000 | $ 133,000 |
| Emporia County Virginia | 2 | $ 600,000 | $ 300,000 | $ 95,000 |
| King William County Virginia | 2 | $ 420,000 | $ 210,000 | $ 70,000 |
| Lee County Virginia | 2 | $ 170,000 | $ 85,000 | $ 53,000 |
| Martinsville County Virginia | 2 | $ 2,160,000 | $ 1,080,000 | $ 0 |
| Powhatan County Virginia | 2 | $ 950,000 | $ 475,000 | $ 246,000 |
| Mercer County West Virginia | 2 | $ 240,000 | $ 120,000 | $ 57,000 |
| Sussex County Delaware | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Gilmer County Georgia | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Glynn County Georgia | 1 | $ 1,355,000 | $ 1,355,000 | $ 396,000 |
| Ware County Georgia | 1 | $ 75,000 | $ 75,000 | $ 180,000 |
| Garrett County Maryland | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Montgomery County Maryland | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Plymouth County Massachusetts | 1 | $ 45,000 | $ 45,000 | $ 209,000 |
| Ashe County North Carolina | 1 | $ 155,000 | $ 155,000 | $ 142,000 |
| Buncombe County North Carolina | 1 | $ 435,000 | $ 435,000 | $ 0 |
| Caldwell County North Carolina | 1 | $ 805,000 | $ 805,000 | $ 143,000 |
| Craven County North Carolina | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Currituck County North Carolina | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Duplin County North Carolina | 1 | $ 205,000 | $ 205,000 | $ 95,000 |
| Gaston County North Carolina | 1 | $ 515,000 | $ 515,000 | $ 238,000 |
| Guilford County North Carolina | 1 | $ 105,000 | $ 105,000 | $ 60,000 |
| Iredell County North Carolina | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Jackson County North Carolina | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Madison County North Carolina | 1 | $ 345,000 | $ 345,000 | $ 208,000 |
| Orange County North Carolina | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Randolph County North Carolina | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Richmond County North Carolina | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Union County North Carolina | 1 | $ 115,000 | $ 115,000 | $ 71,000 |
| Yadkin County North Carolina | 1 | $ 35,000 | $ 35,000 | $ 11,000 |
| Adams County Pennsylvania | 1 | $ 425,000 | $ 425,000 | $ 0 |
| Charleston County South Carolina | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Chesterfield County South Carolina | 1 | $ 525,000 | $ 525,000 | $ 162,000 |
| Georgetown County South Carolina | 1 | $ 405,000 | $ 405,000 | $ 484,000 |
| Spartanburg County South Carolina | 1 | $ 155,000 | $ 155,000 | $ 105,000 |
| York County South Carolina | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Grainger County Tennessee | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Johnson County Tennessee | 1 | $ 45,000 | $ 45,000 | $ 191,000 |
| Lawrence County Tennessee | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Unicoi County Tennessee | 1 | $ 65,000 | $ 65,000 | $ 38,000 |
| Wilson County Tennessee | 1 | $ 35,000 | $ 35,000 | $ 81,000 |
| Buckingham County Virginia | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Fauquier County Virginia | 1 | $ 795,000 | $ 795,000 | $ 0 |
| Fluvanna County Virginia | 1 | $ 265,000 | $ 265,000 | $ 133,000 |
| Galax County Virginia | 1 | $ 305,000 | $ 305,000 | $ 222,000 |
| Goochland County Virginia | 1 | $ 1,205,000 | $ 1,205,000 | $ 495,000 |
| Greene County Virginia | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Highland County Virginia | 1 | $ 325,000 | $ 325,000 | $ 75,000 |
| James City County Virginia | 1 | $ 125,000 | $ 125,000 | $ 516,000 |
| King and Queen County Virginia | 1 | $ 205,000 | $ 205,000 | $ 99,000 |
| King George County Virginia | 1 | $ 315,000 | $ 315,000 | $ 93,000 |
| Madison County Virginia | 1 | $ 605,000 | $ 605,000 | $ 165,000 |
| Manassas County Virginia | 1 | $ 45,000 | $ 45,000 | $ 237,000 |
| Mecklenburg County Virginia | 1 | $ 65,000 | $ 65,000 | $ 90,000 |
| Middlesex County Virginia | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Nottoway County Virginia | 1 | $ 25,000 | $ 25,000 | $ 81,000 |
| Orange County Virginia | 1 | $ 75,000 | $ 75,000 | $ 150,000 |
| Prince George County Virginia | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Rappahannock County Virginia | 1 | $ 455,000 | $ 455,000 | $ 0 |
| Rockbridge County Virginia | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Virginia Beach County Virginia | 1 | $ 175,000 | $ 175,000 | $ 83,000 |
| Warren County Virginia | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Jefferson County West Virginia | 1 | $ 25,000 | $ 25,000 | $ 91,000 |
| Mineral County West Virginia | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Monroe County West Virginia | 1 | $ 165,000 | $ 165,000 | $ 42,000 |
| Morgan County West Virginia | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Nicholas County West Virginia | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Pocahontas County West Virginia | 1 | $ 75,000 | $ 75,000 | $ 358,000 |
Mortgage Loan Application Detail Totals for First Bancorp, Inc. in 2023
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 | 745 | $197,535,000 | $265,000 | $4,115,000 | $162,000 | $3,741,000 |
| Home Improvement | 192 | $17,080,000 | $88,000 | $555,000 | $117,000 | $1,026,000 |
| Other Purpose | 188 | $21,160,000 | $112,000 | $445,000 | $132,000 | $564,000 |
| Refinancing | 68 | $46,830,000 | $688,000 | $32,995,000 | $119,000 | $296,000 |
| Cash-out Refinancing | 50 | $10,040,000 | $200,000 | $1,115,000 | $124,000 | $627,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 934 | $196,130,000 | $209,000 | $1,925,000 | $139,000 | $3,741,000 |
| Not Provided | 148 | $25,460,000 | $172,000 | $765,000 | $138,000 | $1,026,000 |
| Not applicable | 121 | $62,385,000 | $515,000 | $32,995,000 | $0 | $0 |
| Hispanic | 15 | $3,175,000 | $211,000 | $625,000 | $147,000 | $775,000 |
| Black or African American | 12 | $2,960,000 | $246,000 | $635,000 | $94,000 | $162,000 |
| Asian | 10 | $2,080,000 | $208,000 | $345,000 | $497,000 | $1,959,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,238 | $291,510,000 | $235,000 | $32,995,000 | $145,000 | $3,741,000 |
| FHA-insured (Federal Housing Administration) | 4 | $990,000 | $247,000 | $375,000 | $89,000 | $178,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $145,000 | $145,000 | $145,000 | $89,000 | $89,000 |
| 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 | 991 | $228,785,000 | $230,000 | $32,995,000 | $148,000 | $3,741,000 |
| Loan Purchased By The Institution | 78 | $21,110,000 | $270,000 | $795,000 | $187,000 | $279,000 |
| Application Approved But Not Accepted | 62 | $17,250,000 | $278,000 | $765,000 | $143,000 | $607,000 |
| Application Withdrawn By Applicant | 60 | $16,470,000 | $274,000 | $1,115,000 | $153,000 | $646,000 |
| Application Denied By Financial Institution | 52 | $9,030,000 | $173,000 | $985,000 | $82,000 | $273,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,191 | $283,615,000 | $238,000 | $32,995,000 | $148,000 | $3,741,000 |
| Debt-To-Income Ratio | 26 | $4,570,000 | $175,000 | $535,000 | $75,000 | $259,000 |
| Credit History | 16 | $1,450,000 | $90,000 | $225,000 | $67,000 | $110,000 |
| Collateral | 4 | $570,000 | $142,000 | $265,000 | $58,000 | $100,000 |
| Credit Application Incomplete | 2 | $460,000 | $230,000 | $285,000 | $185,000 | $273,000 |
| Other | 2 | $1,340,000 | $670,000 | $985,000 | $223,000 | $262,000 |
| Unverifiable Information | 2 | $640,000 | $320,000 | $325,000 | $108,000 | $123,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Bancorp, Inc.'s 2023 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.
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