First United Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, First United Bank & Trust of Oakland, MD reported 510 mortgage applications totaling $95.4 million, down 16% from 2015. The average application was for $187,033, and applicants reported an average income of $102,288. 66% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Hagerstown-Martinsburg, MD-WV (98), Morgantown, WV (84) and Cumberland, MD-WV (79) (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 | 510 |
| Total Mortgage Loan Application Amount | $95,387,000 |
| Average Mortgage Loan Application Amount | $187,033 |
| Highest Mortgage Loan Application Amount | $1,749,000 |
| Average Applicant Income | $102,288 |
| Highest Applicant Income | $1,125,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 107 | $ 24,694,000 | $ 230,785 | $ 133,000 |
| Monongalia, West Virginia | 61 | $ 13,503,000 | $ 221,360 | $ 124,000 |
| Berkeley, West Virginia | 58 | $ 4,791,000 | $ 82,603 | $ 81,000 |
| Frederick, Maryland | 57 | $ 17,084,000 | $ 299,719 | $ 109,000 |
| Allegany, Maryland | 40 | $ 3,294,000 | $ 82,350 | $ 65,000 |
| Washington, Maryland | 40 | $ 5,770,000 | $ 144,250 | $ 79,000 |
| Mineral, West Virginia | 39 | $ 4,599,000 | $ 117,923 | $ 77,000 |
| Preston, West Virginia | 23 | $ 3,256,000 | $ 141,565 | $ 113,000 |
| Fayette, Pennsylvania | 11 | $ 2,179,000 | $ 198,090 | $ 92,000 |
| Franklin, Pennsylvania | 9 | $ 1,164,000 | $ 129,333 | $ 76,000 |
| Jefferson, West Virginia | 8 | $ 247,000 | $ 30,875 | $ 75,000 |
| Horry, South Carolina | 5 | $ 629,000 | $ 125,800 | $ 90,000 |
| Hampshire, West Virginia | 5 | $ 737,000 | $ 147,400 | $ 99,000 |
| Harrison, West Virginia | 5 | $ 569,000 | $ 113,800 | $ 62,000 |
| Adams, Pennsylvania | 4 | $ 2,096,000 | $ 524,000 | $ 166,000 |
| Bedford, Pennsylvania | 4 | $ 396,000 | $ 99,000 | $ 66,000 |
| Somerset, Pennsylvania | 4 | $ 757,000 | $ 189,250 | $ 92,000 |
| Carroll, Maryland | 3 | $ 519,000 | $ 173,000 | $ 109,000 |
| Montgomery, Maryland | 2 | $ 2,066,000 | $ 1,033,000 | $ 122,000 |
| Worcester, Maryland | 2 | $ 376,000 | $ 188,000 | $ 118,000 |
| Harnett, North Carolina | 2 | $ 122,000 | $ 61,000 | $ 53,000 |
| Barbour, West Virginia | 2 | $ 301,000 | $ 150,500 | $ 99,000 |
| Grant, West Virginia | 2 | $ 270,000 | $ 135,000 | $ 63,000 |
| Marion, West Virginia | 2 | $ 419,000 | $ 209,500 | $ 93,000 |
| Morgan, West Virginia | 2 | $ 82,000 | $ 41,000 | $ 25,000 |
| Broward, Florida | 1 | $ 1,749,000 | $ 1,749,000 | $ 0 |
| Hernando, Florida | 1 | $ 175,000 | $ 175,000 | $ 48,000 |
| Anne Arundel, Maryland | 1 | $ 544,000 | $ 544,000 | $ 68,000 |
| Dare, North Carolina | 1 | $ 785,000 | $ 785,000 | $ 665,000 |
| Fulton, Pennsylvania | 1 | $ 234,000 | $ 234,000 | $ 111,000 |
| Greene, Pennsylvania | 1 | $ 122,000 | $ 122,000 | $ 66,000 |
| Lancaster, Pennsylvania | 1 | $ 310,000 | $ 310,000 | $ 163,000 |
| Fairfax, Virginia | 1 | $ 404,000 | $ 404,000 | $ 90,000 |
| Loudoun, Virginia | 1 | $ 220,000 | $ 220,000 | $ 64,000 |
| Rockingham, Virginia | 1 | $ 341,000 | $ 341,000 | $ 62,000 |
| Hardy, West Virginia | 1 | $ 300,000 | $ 300,000 | $ 406,000 |
| Randolph, West Virginia | 1 | $ 108,000 | $ 108,000 | $ 120,000 |
| Taylor, West Virginia | 1 | $ 175,000 | $ 175,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust 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 | 240 | $59,647,000 | $248,000 | $1,362,000 | $131,000 | $1,125,000 |
| Home Improvement | 141 | $5,422,000 | $38,000 | $1,000,000 | $61,000 | $422,000 |
| Refinancing | 129 | $30,318,000 | $235,000 | $1,749,000 | $94,000 | $503,000 |
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 | 448 | $80,162,000 | $178,000 | $1,362,000 | $104,000 | $1,125,000 |
| Not Provided | 27 | $7,549,000 | $279,000 | $1,100,000 | $145,000 | $610,000 |
| Not applicable | 19 | $4,609,000 | $242,000 | $1,749,000 | $0 | $0 |
| Black or African American | 8 | $870,000 | $108,000 | $406,000 | $87,000 | $166,000 |
| Hispanic | 5 | $1,080,000 | $216,000 | $433,000 | $99,000 | $158,000 |
| Asian | 2 | $332,000 | $166,000 | $166,000 | $18,000 | $36,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $785,000 | $785,000 | $785,000 | $665,000 | $665,000 |
| American Indian or Alaskan Native | 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) | 499 | $93,804,000 | $187,000 | $1,749,000 | $103,000 | $1,125,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 11 | $1,583,000 | $143,000 | $186,000 | $59,000 | $95,000 |
| 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 | 336 | $65,491,000 | $194,000 | $1,362,000 | $111,000 | $1,125,000 |
| Application Denied By Financial Institution | 117 | $15,746,000 | $134,000 | $978,000 | $70,000 | $434,000 |
| Application Approved But Not Accepted | 30 | $8,640,000 | $288,000 | $1,749,000 | $105,000 | $321,000 |
| File Closed For Incompleteness | 14 | $3,895,000 | $278,000 | $1,068,000 | $156,000 | $584,000 |
| Application Withdrawn By Applicant | 13 | $1,615,000 | $124,000 | $234,000 | $110,000 | $503,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 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 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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