First United Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, First United Bank & Trust of Oakland, MD reported 1,261 mortgage applications totaling $146.1 million. The average application was for $115,836, and applicants reported an average income of $78,129. 63% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Cumberland, MD-WV (218), Hagerstown, MD (61) and Johnstown, PA (16) (applications in parentheses).
| Mortgage Company & Address | First United Bank & Trust 19 S Second Street Oakland, MD 21550 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 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 | 1,261 |
| Total Mortgage Loan Application Amount | $146,070,000 |
| Average Mortgage Loan Application Amount | $115,836 |
| Highest Mortgage Loan Application Amount | $2,850,000 |
| Average Applicant Income | $78,129 |
| Highest Applicant Income | $3,882,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Garrett, Maryland | 395 | $ 81,063,000 | $ 205,222 | $ 115,000 |
| Allegany, Maryland | 218 | $ 14,150,000 | $ 64,908 | $ 62,000 |
| Berkeley, West Virginia | 185 | $ 9,771,000 | $ 52,816 | $ 43,000 |
| Mineral, West Virginia | 122 | $ 6,814,000 | $ 55,852 | $ 62,000 |
| Washington, Maryland | 61 | $ 5,383,000 | $ 88,245 | $ 89,000 |
| Frederick, Maryland | 57 | $ 6,973,000 | $ 122,333 | $ 66,000 |
| Hampshire, West Virginia | 49 | $ 4,358,000 | $ 88,938 | $ 66,000 |
| Preston, West Virginia | 38 | $ 3,485,000 | $ 91,710 | $ 52,000 |
| Hardy, West Virginia | 22 | $ 1,362,000 | $ 61,909 | $ 69,000 |
| Somerset, Pennsylvania | 16 | $ 648,000 | $ 40,500 | $ 47,000 |
| Jefferson, West Virginia | 14 | $ 1,193,000 | $ 85,214 | $ 56,000 |
| Grant, West Virginia | 13 | $ 818,000 | $ 62,923 | $ 33,000 |
| Bedford, Pennsylvania | 12 | $ 907,000 | $ 75,583 | $ 100,000 |
| Fayette, Pennsylvania | 7 | $ 481,000 | $ 68,714 | $ 51,000 |
| Franklin, Pennsylvania | 7 | $ 896,000 | $ 128,000 | $ 68,000 |
| Morgan, West Virginia | 6 | $ 527,000 | $ 87,833 | $ 67,000 |
| Monongalia, West Virginia | 4 | $ 568,000 | $ 142,000 | $ 151,000 |
| Frederick, Virginia | 3 | $ 1,006,000 | $ 335,333 | $ 199,000 |
| Carroll, Maryland | 2 | $ 280,000 | $ 140,000 | $ 45,000 |
| Montgomery, Maryland | 2 | $ 386,000 | $ 193,000 | $ 110,000 |
| Adams, Pennsylvania | 2 | $ 292,000 | $ 146,000 | $ 62,000 |
| Washington, Pennsylvania | 2 | $ 240,000 | $ 120,000 | $ 78,000 |
| Horry, South Carolina | 2 | $ 258,000 | $ 129,000 | $ 25,000 |
| Winchester, Virginia | 2 | $ 269,000 | $ 134,500 | $ 101,000 |
| Harrison, West Virginia | 2 | $ 29,000 | $ 14,500 | $ 64,000 |
| District of Columbia, District Of Columbia | 1 | $ 750,000 | $ 750,000 | $ 47,000 |
| Broward, Florida | 1 | $ 50,000 | $ 50,000 | $ 34,000 |
| Lake, Florida | 1 | $ 228,000 | $ 228,000 | $ 107,000 |
| Baltimore, Maryland | 1 | $ 183,000 | $ 183,000 | $ 116,000 |
| Baltimore City, Maryland | 1 | $ 124,000 | $ 124,000 | $ 98,000 |
| Howard, Maryland | 1 | $ 601,000 | $ 601,000 | $ 213,000 |
| Prince George's, Maryland | 1 | $ 350,000 | $ 350,000 | $ 98,000 |
| Muskingum, Ohio | 1 | $ 20,000 | $ 20,000 | $ 116,000 |
| Bucks, Pennsylvania | 1 | $ 152,000 | $ 152,000 | $ 62,000 |
| Clarion, Pennsylvania | 1 | $ 4,000 | $ 4,000 | $ 12,000 |
| Greene, Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 65,000 |
| Lancaster, Pennsylvania | 1 | $ 179,000 | $ 179,000 | $ 87,000 |
| Wayne, Pennsylvania | 1 | $ 368,000 | $ 368,000 | $ 260,000 |
| Accomack, Virginia | 1 | $ 50,000 | $ 50,000 | $ 69,000 |
| Arlington, Virginia | 1 | $ 445,000 | $ 445,000 | $ 218,000 |
| Hanover, Virginia | 1 | $ 54,000 | $ 54,000 | $ 50,000 |
| Richmond, Virginia | 1 | $ 5,000 | $ 5,000 | $ 46,000 |
| Pocahontas, West Virginia | 1 | $ 125,000 | $ 125,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2003
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 (one-to-four family) | 530 | $85,047,000 | $113,833 | $1,500,000 | $62,833 | $3,882,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 400 | $52,961,000 | $329,500 | $1,080,000 | $123,333 | $1,215,000 |
| Home Improvement (one-to-four family) | 324 | $2,798,000 | $9,200 | $119,000 | $65,000 | $576,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 7 | $5,264,000 | $1,045,500 | $2,850,000 | $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 | 1,132 | $125,994,000 | $110,857 | $2,850,000 | $77,571 | $3,882,000 |
| Information not provided by applicant in mail or telephone application | 72 | $8,647,000 | $265,750 | $780,000 | $75,250 | $616,000 |
| Not applicable | 27 | $7,594,000 | $226,333 | $1,000,000 | $0 | $0 |
| Black | 13 | $1,447,000 | $211,500 | $950,000 | $125,000 | $573,000 |
| Asian or Pacific Islander | 8 | $2,153,000 | $292,500 | $496,000 | $253,000 | $384,000 |
| American Indian or Alaskan Native | 4 | $23,000 | $5,000 | $9,000 | $39,000 | $65,000 |
| Other | 4 | $209,000 | $52,000 | $90,000 | $207,000 | $697,000 |
| Hispanic | 1 | $3,000 | $3,000 | $3,000 | $18,000 | $18,000 |
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) | 1,261 | $146,070,000 | $192,250 | $2,850,000 | $76,375 | $3,882,000 |
| 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 | 793 | $112,528,000 | $136,333 | $2,850,000 | $106,666 | $3,882,000 |
| Application Denied By Financial Institution | 282 | $22,015,000 | $185,833 | $995,000 | $45,000 | $393,000 |
| Loan Purchased By The Institution | 104 | $2,188,000 | $18,333 | $119,000 | $47,000 | $278,000 |
| Application Withdrawn By Applicant | 40 | $3,442,000 | $87,750 | $580,000 | $45,000 | $192,000 |
| Application Approved But Not Accepted | 32 | $4,615,000 | $143,750 | $750,000 | $81,250 | $702,000 |
| File Closed For Incompleteness | 10 | $1,282,000 | $128,000 | $614,000 | $103,000 | $491,000 |
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 First United Bank & Trust's 2003 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 United Bank & Trust'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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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