First United Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, First United Bank & Trust of Oakland, MD reported 536 mortgage applications totaling $110.5 million, up 5% from 2016. The average application was for $206,138, and applicants reported an average income of $94,983. 63% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Morgantown, WV (112), Hagerstown-Martinsburg, MD-WV (106) and Cumberland, MD-WV (72) (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 | 536 |
| Total Mortgage Loan Application Amount | $110,490,000 |
| Average Mortgage Loan Application Amount | $206,138 |
| Highest Mortgage Loan Application Amount | $1,820,000 |
| Average Applicant Income | $94,983 |
| Highest Applicant Income | $1,335,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 87 | $ 23,742,000 | $ 272,896 | $ 151,000 |
| Monongalia, West Virginia | 68 | $ 18,212,000 | $ 267,823 | $ 93,000 |
| Frederick, Maryland | 63 | $ 19,855,000 | $ 315,158 | $ 121,000 |
| Berkeley, West Virginia | 60 | $ 5,304,000 | $ 88,400 | $ 70,000 |
| Washington, Maryland | 46 | $ 8,617,000 | $ 187,326 | $ 65,000 |
| Allegany, Maryland | 45 | $ 4,048,000 | $ 89,955 | $ 55,000 |
| Preston, West Virginia | 44 | $ 5,449,000 | $ 123,840 | $ 68,000 |
| Mineral, West Virginia | 27 | $ 1,563,000 | $ 57,888 | $ 65,000 |
| Franklin, Pennsylvania | 14 | $ 4,211,000 | $ 300,785 | $ 32,000 |
| Jefferson, West Virginia | 8 | $ 517,000 | $ 64,625 | $ 70,000 |
| Marion, West Virginia | 8 | $ 3,243,000 | $ 405,375 | $ 32,000 |
| Grant, West Virginia | 6 | $ 510,000 | $ 85,000 | $ 41,000 |
| Fayette, Pennsylvania | 5 | $ 801,000 | $ 160,200 | $ 74,000 |
| Morgan, West Virginia | 5 | $ 222,000 | $ 44,400 | $ 61,000 |
| Carroll, Maryland | 4 | $ 1,991,000 | $ 497,750 | $ 154,000 |
| Washington, Pennsylvania | 3 | $ 494,000 | $ 164,666 | $ 84,000 |
| Frederick, Virginia | 3 | $ 304,000 | $ 101,333 | $ 43,000 |
| Hampshire, West Virginia | 3 | $ 301,000 | $ 100,333 | $ 40,000 |
| Baltimore, Maryland | 2 | $ 1,897,000 | $ 948,500 | $ 504,000 |
| Howard, Maryland | 2 | $ 616,000 | $ 308,000 | $ 107,000 |
| Montgomery, Maryland | 2 | $ 400,000 | $ 200,000 | $ 222,000 |
| Bedford, Pennsylvania | 2 | $ 325,000 | $ 162,500 | $ 77,000 |
| Greene, Pennsylvania | 2 | $ 146,000 | $ 73,000 | $ 66,000 |
| Somerset, Pennsylvania | 2 | $ 323,000 | $ 161,500 | $ 77,000 |
| Hardy, West Virginia | 2 | $ 220,000 | $ 110,000 | $ 364,000 |
| Harrison, West Virginia | 2 | $ 634,000 | $ 317,000 | $ 187,000 |
| Summit, Colorado | 1 | $ 491,000 | $ 491,000 | $ 190,000 |
| Lake, Florida | 1 | $ 325,000 | $ 325,000 | $ 338,000 |
| Palm Beach, Florida | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Pinellas, Florida | 1 | $ 480,000 | $ 480,000 | $ 218,000 |
| Volusia, Florida | 1 | $ 89,000 | $ 89,000 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 1,220,000 | $ 1,220,000 | $ 304,000 |
| Dorchester, Maryland | 1 | $ 162,000 | $ 162,000 | $ 75,000 |
| Somerset, Maryland | 1 | $ 118,000 | $ 118,000 | $ 41,000 |
| New Hanover, North Carolina | 1 | $ 100,000 | $ 100,000 | $ 180,000 |
| Washington, Ohio | 1 | $ 225,000 | $ 225,000 | $ 78,000 |
| Lancaster, Pennsylvania | 1 | $ 184,000 | $ 184,000 | $ 62,000 |
| Alexandria, Virginia | 1 | $ 931,000 | $ 931,000 | $ 169,000 |
| Chesapeake, Virginia | 1 | $ 430,000 | $ 430,000 | $ 260,000 |
| Fairfax, Virginia | 1 | $ 477,000 | $ 477,000 | $ 154,000 |
| Loudoun, Virginia | 1 | $ 225,000 | $ 225,000 | $ 56,000 |
| Virginia Beach, Virginia | 1 | $ 216,000 | $ 216,000 | $ 221,000 |
| Winchester, Virginia | 1 | $ 196,000 | $ 196,000 | $ 86,000 |
| Barbour, West Virginia | 1 | $ 202,000 | $ 202,000 | $ 71,000 |
| Braxton, West Virginia | 1 | $ 100,000 | $ 100,000 | $ 47,000 |
| Brooke, West Virginia | 1 | $ 119,000 | $ 119,000 | $ 53,000 |
| Upshur, West Virginia | 1 | $ 245,000 | $ 245,000 | $ 138,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2017
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 | 281 | $73,640,000 | $262,000 | $1,820,000 | $109,000 | $1,335,000 |
| Home Improvement | 151 | $6,643,000 | $43,000 | $695,000 | $62,000 | $294,000 |
| Refinancing | 104 | $30,207,000 | $290,000 | $1,560,000 | $105,000 | $778,000 |
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 | 435 | $77,803,000 | $178,000 | $1,820,000 | $95,000 | $1,335,000 |
| Not Provided | 41 | $13,113,000 | $319,000 | $1,200,000 | $154,000 | $778,000 |
| Not applicable | 37 | $14,653,000 | $396,000 | $1,560,000 | $0 | $0 |
| Hispanic | 8 | $978,000 | $122,000 | $175,000 | $80,000 | $179,000 |
| Asian | 6 | $2,021,000 | $336,000 | $477,000 | $155,000 | $337,000 |
| Black or African American | 5 | $497,000 | $99,000 | $278,000 | $91,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,423,000 | $474,000 | $748,000 | $311,000 | $564,000 |
| American Indian or Alaskan Native | 1 | $2,000 | $2,000 | $2,000 | $30,000 | $30,000 |
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) | 524 | $108,950,000 | $207,000 | $1,820,000 | $95,000 | $1,335,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 12 | $1,540,000 | $128,000 | $258,000 | $62,000 | $112,000 |
| 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 | 339 | $75,202,000 | $221,000 | $1,820,000 | $102,000 | $1,335,000 |
| Application Denied By Financial Institution | 123 | $18,551,000 | $150,000 | $1,500,000 | $74,000 | $712,000 |
| Application Approved But Not Accepted | 52 | $11,632,000 | $223,000 | $1,560,000 | $88,000 | $445,000 |
| Application Withdrawn By Applicant | 17 | $3,575,000 | $210,000 | $608,000 | $109,000 | $548,000 |
| File Closed For Incompleteness | 5 | $1,530,000 | $306,000 | $931,000 | $94,000 | $169,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 51 | $9,795,000 | $192,000 | $1,500,000 | $62,000 | $712,000 |
| Credit History | 48 | $4,390,000 | $91,000 | $605,000 | $68,000 | $245,000 |
| Collateral | 12 | $2,248,000 | $187,000 | $448,000 | $99,000 | $210,000 |
| Other | 11 | $1,938,000 | $176,000 | $964,000 | $127,000 | $378,000 |
| Credit Application Incomplete | 1 | $180,000 | $180,000 | $180,000 | $121,000 | $121,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First United Bank & Trust's 2017 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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