First United Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, First United Bank & Trust of Oakland, MD reported 506 mortgage applications totaling $149.3 million, up 10% from 2018. The average application was for $295,059, and applicants reported an average income of $120,468. 63% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Morgantown, WV (93), Hagerstown-Martinsburg, MD-WV (92) and Washington-Baltimore-Arlington, DC (71) (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 | 506 |
| Total Mortgage Loan Application Amount | $149,300,000 |
| Average Mortgage Loan Application Amount | $295,059 |
| Highest Mortgage Loan Application Amount | $9,445,000 |
| Average Applicant Income | $120,468 |
| Highest Applicant Income | $1,100,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 117 | $ 34,725,000 | $ 296,794 | $ 138,000 |
| Monongalia, West Virginia | 69 | $ 24,085,000 | $ 349,057 | $ 115,000 |
| Frederick, Maryland | 66 | $ 35,750,000 | $ 541,666 | $ 141,000 |
| Washington, Maryland | 52 | $ 10,910,000 | $ 209,807 | $ 111,000 |
| Berkeley, West Virginia | 39 | $ 8,665,000 | $ 222,179 | $ 79,000 |
| Allegany, Maryland | 26 | $ 4,390,000 | $ 168,846 | $ 117,000 |
| Preston, West Virginia | 24 | $ 3,120,000 | $ 130,000 | $ 61,000 |
| Marion, West Virginia | 14 | $ 2,010,000 | $ 143,571 | $ 54,000 |
| Franklin, Pennsylvania | 13 | $ 3,865,000 | $ 297,307 | $ 104,000 |
| Mineral, West Virginia | 12 | $ 1,810,000 | $ 150,833 | $ 105,000 |
| Montgomery, Maryland | 5 | $ 2,925,000 | $ 585,000 | $ 364,000 |
| Hampshire, West Virginia | 5 | $ 745,000 | $ 149,000 | $ 67,000 |
| Jefferson, West Virginia | 5 | $ 1,075,000 | $ 215,000 | $ 95,000 |
| Grant, West Virginia | 4 | $ 500,000 | $ 125,000 | $ 54,000 |
| Worcester, Maryland | 3 | $ 495,000 | $ 165,000 | $ 112,000 |
| Fayette, Pennsylvania | 3 | $ 905,000 | $ 301,666 | $ 74,000 |
| Harrison, West Virginia | 3 | $ 255,000 | $ 85,000 | $ 49,000 |
| Baltimore, Maryland | 2 | $ 280,000 | $ 140,000 | $ 114,000 |
| Carteret, North Carolina | 2 | $ 1,270,000 | $ 635,000 | $ 186,000 |
| Dare, North Carolina | 2 | $ 1,280,000 | $ 640,000 | $ 260,000 |
| Adams, Pennsylvania | 2 | $ 480,000 | $ 240,000 | $ 54,000 |
| Bedford, Pennsylvania | 2 | $ 340,000 | $ 170,000 | $ 82,000 |
| Greene, Pennsylvania | 2 | $ 370,000 | $ 185,000 | $ 92,000 |
| Frederick, Virginia | 2 | $ 360,000 | $ 180,000 | $ 48,000 |
| Fredericksburg, Virginia | 2 | $ 890,000 | $ 445,000 | $ 0 |
| Taylor, West Virginia | 2 | $ 230,000 | $ 115,000 | $ 72,000 |
| Tucker, West Virginia | 2 | $ 260,000 | $ 130,000 | $ 107,000 |
| Sussex, Delaware | 1 | $ 305,000 | $ 305,000 | $ 398,000 |
| St. Johns, Florida | 1 | $ 335,000 | $ 335,000 | $ 152,000 |
| Anne Arundel, Maryland | 1 | $ 315,000 | $ 315,000 | $ 81,000 |
| Baltimore City, Maryland | 1 | $ 215,000 | $ 215,000 | $ 102,000 |
| Dorchester, Maryland | 1 | $ 255,000 | $ 255,000 | $ 265,000 |
| Prince George's, Maryland | 1 | $ 75,000 | $ 75,000 | $ 38,000 |
| Talbot, Maryland | 1 | $ 265,000 | $ 265,000 | $ 211,000 |
| Atlantic, New Jersey | 1 | $ 405,000 | $ 405,000 | $ 657,000 |
| Cape May, New Jersey | 1 | $ 365,000 | $ 365,000 | $ 0 |
| Alamance, North Carolina | 1 | $ 155,000 | $ 155,000 | $ 504,000 |
| Orange, North Carolina | 1 | $ 585,000 | $ 585,000 | $ 236,000 |
| Allegheny, Pennsylvania | 1 | $ 205,000 | $ 205,000 | $ 66,000 |
| Cumberland, Pennsylvania | 1 | $ 255,000 | $ 255,000 | $ 93,000 |
| Somerset, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 39,000 |
| Washington, Pennsylvania | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Horry, South Carolina | 1 | $ 305,000 | $ 305,000 | $ 63,000 |
| Arlington, Virginia | 1 | $ 605,000 | $ 605,000 | $ 340,000 |
| Chesapeake, Virginia | 1 | $ 325,000 | $ 325,000 | $ 90,000 |
| Craig, Virginia | 1 | $ 405,000 | $ 405,000 | $ 117,000 |
| Fairfax, Virginia | 1 | $ 645,000 | $ 645,000 | $ 136,000 |
| Loudoun, Virginia | 1 | $ 335,000 | $ 335,000 | $ 116,000 |
| Doddridge, West Virginia | 1 | $ 215,000 | $ 215,000 | $ 77,000 |
| Lewis, West Virginia | 1 | $ 155,000 | $ 155,000 | $ 315,000 |
| Marshall, West Virginia | 1 | $ 85,000 | $ 85,000 | $ 18,000 |
| Morgan, West Virginia | 1 | $ 255,000 | $ 255,000 | $ 30,000 |
| Randolph, West Virginia | 1 | $ 155,000 | $ 155,000 | $ 116,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2019
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 | 318 | $94,110,000 | $295,000 | $9,445,000 | $115,000 | $1,100,000 |
| Cash-out Refinancing | 95 | $23,355,000 | $245,000 | $1,595,000 | $120,000 | $925,000 |
| Refinancing | 85 | $30,375,000 | $357,000 | $4,505,000 | $133,000 | $824,000 |
| Home Improvement | 5 | $975,000 | $195,000 | $325,000 | $193,000 | $321,000 |
| Other Purpose | 3 | $485,000 | $161,000 | $205,000 | $239,000 | $353,000 |
| 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 | 371 | $85,715,000 | $231,000 | $1,595,000 | $106,000 | $925,000 |
| Not Provided | 78 | $28,340,000 | $363,000 | $1,455,000 | $179,000 | $1,100,000 |
| Not applicable | 39 | $30,705,000 | $787,000 | $9,445,000 | $0 | $0 |
| Asian | 6 | $1,280,000 | $213,000 | $495,000 | $96,000 | $184,000 |
| Hispanic | 5 | $1,045,000 | $209,000 | $395,000 | $104,000 | $222,000 |
| Black or African American | 3 | $625,000 | $208,000 | $225,000 | $305,000 | $425,000 |
| American Indian or Alaskan Native | 2 | $550,000 | $275,000 | $275,000 | $50,000 | $50,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $1,005,000 | $1,005,000 | $1,005,000 | $447,000 | $447,000 |
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) | 469 | $144,535,000 | $308,000 | $9,445,000 | $126,000 | $1,100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 37 | $4,765,000 | $128,000 | $265,000 | $52,000 | $116,000 |
| 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 | 318 | $86,550,000 | $272,000 | $1,595,000 | $126,000 | $925,000 |
| Application Denied By Financial Institution | 112 | $24,420,000 | $218,000 | $1,275,000 | $90,000 | $824,000 |
| Application Approved But Not Accepted | 57 | $30,855,000 | $541,000 | $9,445,000 | $129,000 | $595,000 |
| File Closed For Incompleteness | 12 | $5,690,000 | $474,000 | $1,455,000 | $269,000 | $1,100,000 |
| Application Withdrawn By Applicant | 7 | $1,785,000 | $255,000 | $685,000 | $82,000 | $123,000 |
| 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 | 506 | $149,300,000 | $295,000 | $9,445,000 | $120,000 | $1,100,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First United Bank & Trust's 2019 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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