First United Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, First United Bank & Trust of Oakland, MD reported 956 mortgage applications totaling $113.1 million, up 13% from 2006. The average application was for $118,321, and applicants reported an average income of $60,741. 55% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Hagerstown-Martinsburg, MD-WV (230), Cumberland, MD-WV (225) and Morgantown, WV (97) (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 | 956 |
| Total Mortgage Loan Application Amount | $113,115,000 |
| Average Mortgage Loan Application Amount | $118,321 |
| Highest Mortgage Loan Application Amount | $3,045,000 |
| Average Applicant Income | $60,741 |
| Highest Applicant Income | $4,143,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 178 | $ 27,919,000 | $ 156,848 | $ 97,000 |
| Berkeley, West Virginia | 171 | $ 11,786,000 | $ 68,923 | $ 53,000 |
| Allegany, Maryland | 126 | $ 8,331,000 | $ 66,119 | $ 48,000 |
| Mineral, West Virginia | 99 | $ 5,838,000 | $ 58,969 | $ 52,000 |
| Washington, Maryland | 54 | $ 3,937,000 | $ 72,907 | $ 67,000 |
| Monongalia, West Virginia | 54 | $ 7,187,000 | $ 133,092 | $ 65,000 |
| Preston, West Virginia | 43 | $ 3,335,000 | $ 77,558 | $ 64,000 |
| Frederick, Maryland | 35 | $ 8,638,000 | $ 246,800 | $ 78,000 |
| Grant, West Virginia | 20 | $ 560,000 | $ 28,000 | $ 47,000 |
| Hardy, West Virginia | 15 | $ 1,468,000 | $ 97,866 | $ 71,000 |
| Baldwin, Alabama | 10 | $ 4,460,000 | $ 446,000 | $ 0 |
| Hampshire, West Virginia | 9 | $ 181,000 | $ 20,111 | $ 38,000 |
| Marion, West Virginia | 9 | $ 1,012,000 | $ 112,444 | $ 92,000 |
| Somerset, Pennsylvania | 8 | $ 543,000 | $ 67,875 | $ 47,000 |
| Bedford, Pennsylvania | 7 | $ 284,000 | $ 40,571 | $ 61,000 |
| Jefferson, West Virginia | 7 | $ 418,000 | $ 59,714 | $ 49,000 |
| Randolph, West Virginia | 6 | $ 62,000 | $ 10,333 | $ 20,000 |
| Jefferson, Alabama | 5 | $ 699,000 | $ 139,800 | $ 0 |
| Travis, Texas | 5 | $ 963,000 | $ 192,600 | $ 0 |
| Morgan, West Virginia | 5 | $ 252,000 | $ 50,400 | $ 83,000 |
| Pinellas, Florida | 4 | $ 1,354,000 | $ 338,500 | $ 0 |
| Mobile, Alabama | 3 | $ 748,000 | $ 249,333 | $ 0 |
| Hillsborough, Florida | 3 | $ 1,773,000 | $ 591,000 | $ 0 |
| Lee, Florida | 3 | $ 388,000 | $ 129,333 | $ 0 |
| Clark, Nevada | 3 | $ 749,000 | $ 249,666 | $ 0 |
| Franklin, Pennsylvania | 3 | $ 181,000 | $ 60,333 | $ 57,000 |
| Limestone, Alabama | 2 | $ 402,000 | $ 201,000 | $ 0 |
| Collier, Florida | 2 | $ 581,000 | $ 290,500 | $ 0 |
| Flagler, Florida | 2 | $ 734,000 | $ 367,000 | $ 0 |
| Palm Beach, Florida | 2 | $ 1,103,000 | $ 551,500 | $ 0 |
| Sarasota, Florida | 2 | $ 863,000 | $ 431,500 | $ 0 |
| Volusia, Florida | 2 | $ 676,000 | $ 338,000 | $ 0 |
| Adams, Pennsylvania | 2 | $ 390,000 | $ 195,000 | $ 71,000 |
| Allegheny, Pennsylvania | 2 | $ 537,000 | $ 268,500 | $ 72,000 |
| Greene, Pennsylvania | 2 | $ 1,237,000 | $ 618,500 | $ 154,000 |
| Washington, Pennsylvania | 2 | $ 133,000 | $ 66,500 | $ 16,000 |
| Dallas, Texas | 2 | $ 544,000 | $ 272,000 | $ 0 |
| Frederick, Virginia | 2 | $ 282,000 | $ 141,000 | $ 156,000 |
| Harrison, West Virginia | 2 | $ 17,000 | $ 8,500 | $ 55,000 |
| Lee, Alabama | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Marshall, Alabama | 1 | $ 441,000 | $ 441,000 | $ 0 |
| Montgomery, Alabama | 1 | $ 471,000 | $ 471,000 | $ 0 |
| Shelby, Alabama | 1 | $ 78,000 | $ 78,000 | $ 0 |
| Maricopa, Arizona | 1 | $ 710,000 | $ 710,000 | $ 0 |
| Lake, Florida | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Manatee, Florida | 1 | $ 512,000 | $ 512,000 | $ 0 |
| St. Johns, Florida | 1 | $ 540,000 | $ 540,000 | $ 0 |
| Walton, Florida | 1 | $ 985,000 | $ 985,000 | $ 0 |
| Camden, Georgia | 1 | $ 372,000 | $ 372,000 | $ 157,000 |
| Carroll, Georgia | 1 | $ 66,000 | $ 66,000 | $ 0 |
| Cobb, Georgia | 1 | $ 509,000 | $ 509,000 | $ 0 |
| DeKalb, Georgia | 1 | $ 663,000 | $ 663,000 | $ 0 |
| Gwinnett, Georgia | 1 | $ 274,000 | $ 274,000 | $ 0 |
| Jones, Georgia | 1 | $ 476,000 | $ 476,000 | $ 0 |
| Muscogee, Georgia | 1 | $ 480,000 | $ 480,000 | $ 0 |
| Oconee, Georgia | 1 | $ 506,000 | $ 506,000 | $ 0 |
| Washoe, Nevada | 1 | $ 946,000 | $ 946,000 | $ 0 |
| Santa Fe, New Mexico | 1 | $ 552,000 | $ 552,000 | $ 0 |
| Fayette, Pennsylvania | 1 | $ 78,000 | $ 78,000 | $ 0 |
| Collin, Texas | 1 | $ 123,000 | $ 123,000 | $ 0 |
| Denton, Texas | 1 | $ 149,000 | $ 149,000 | $ 0 |
| Tarrant, Texas | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Harrisonburg, Virginia | 1 | $ 100,000 | $ 100,000 | $ 218,000 |
| Shenandoah, Virginia | 1 | $ 30,000 | $ 30,000 | $ 21,000 |
| Spotsylvania, Virginia | 1 | $ 610,000 | $ 610,000 | $ 168,000 |
| Barbour, West Virginia | 1 | $ 6,000 | $ 6,000 | $ 20,000 |
| Calhoun, West Virginia | 1 | $ 85,000 | $ 85,000 | $ 33,000 |
| Monroe, West Virginia | 1 | $ 260,000 | $ 260,000 | $ 300,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2007
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 | 433 | $82,568,000 | $190,000 | $3,045,000 | $69,000 | $4,143,000 |
| Home Improvement | 364 | $8,324,000 | $22,000 | $425,000 | $46,000 | $277,000 |
| Refinancing | 159 | $22,223,000 | $139,000 | $1,500,000 | $72,000 | $519,000 |
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 | 790 | $66,019,000 | $83,000 | $1,700,000 | $62,000 | $563,000 |
| Not applicable | 107 | $38,949,000 | $364,000 | $2,650,000 | $10,000 | $480,000 |
| Not Provided | 44 | $6,626,000 | $150,000 | $3,045,000 | $150,000 | $4,143,000 |
| Black or African American | 7 | $857,000 | $122,000 | $335,000 | $52,000 | $101,000 |
| American Indian or Alaskan Native | 4 | $177,000 | $44,000 | $118,000 | $37,000 | $52,000 |
| Asian | 2 | $457,000 | $228,000 | $314,000 | $170,000 | $241,000 |
| Hispanic | 2 | $30,000 | $15,000 | $25,000 | $15,000 | $31,000 |
| 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) | 946 | $111,422,000 | $117,000 | $3,045,000 | $61,000 | $4,143,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,693,000 | $169,000 | $251,000 | $55,000 | $83,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 524 | $64,932,000 | $123,000 | $3,045,000 | $77,000 | $4,143,000 |
| Application Denied By Financial Institution | 265 | $15,285,000 | $57,000 | $1,500,000 | $46,000 | $519,000 |
| Loan Purchased By The Institution | 71 | $24,960,000 | $351,000 | $1,000,000 | $0 | $0 |
| Application Approved But Not Accepted | 43 | $2,411,000 | $56,000 | $200,000 | $58,000 | $178,000 |
| Application Withdrawn By Applicant | 26 | $2,282,000 | $87,000 | $432,000 | $57,000 | $135,000 |
| Preapproval Denied by Financial Institution | 16 | $2,086,000 | $130,000 | $270,000 | $59,000 | $107,000 |
| File Closed For Incompleteness | 11 | $1,159,000 | $105,000 | $275,000 | $41,000 | $115,000 |
| 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 First United Bank & Trust's 2007 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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