First United Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, First United Bank & Trust of Oakland, MD reported 817 mortgage applications totaling $225.4 million, up 61% from 2019. The average application was for $275,832, and applicants reported an average income of $140,592. 68% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Hagerstown-Martinsburg, MD-WV (155), Morgantown, WV (137) and Washington-Baltimore-Arlington, DC (109) (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 | 817 |
| Total Mortgage Loan Application Amount | $225,355,000 |
| Average Mortgage Loan Application Amount | $275,832 |
| Highest Mortgage Loan Application Amount | $2,335,000 |
| Average Applicant Income | $140,592 |
| Highest Applicant Income | $1,598,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 165 | $ 54,805,000 | $ 332,151 | $ 194,000 |
| Monongalia, West Virginia | 109 | $ 30,825,000 | $ 282,798 | $ 124,000 |
| Frederick, Maryland | 104 | $ 36,890,000 | $ 354,711 | $ 153,000 |
| Washington, Maryland | 76 | $ 18,170,000 | $ 239,078 | $ 121,000 |
| Berkeley, West Virginia | 76 | $ 17,900,000 | $ 235,526 | $ 95,000 |
| Allegany, Maryland | 68 | $ 10,710,000 | $ 157,500 | $ 93,000 |
| Mineral, West Virginia | 40 | $ 7,480,000 | $ 187,000 | $ 98,000 |
| Preston, West Virginia | 28 | $ 4,980,000 | $ 177,857 | $ 82,000 |
| Franklin, Pennsylvania | 14 | $ 2,800,000 | $ 200,000 | $ 83,000 |
| Fayette, Pennsylvania | 12 | $ 1,570,000 | $ 130,833 | $ 68,000 |
| Marion, West Virginia | 11 | $ 3,865,000 | $ 351,363 | $ 92,000 |
| Harrison, West Virginia | 9 | $ 3,545,000 | $ 393,888 | $ 171,000 |
| Jefferson, West Virginia | 8 | $ 2,230,000 | $ 278,750 | $ 103,000 |
| Montgomery, Maryland | 5 | $ 1,815,000 | $ 363,000 | $ 99,000 |
| Bedford, Pennsylvania | 5 | $ 565,000 | $ 113,000 | $ 57,000 |
| Somerset, Pennsylvania | 5 | $ 1,165,000 | $ 233,000 | $ 113,000 |
| Grant, West Virginia | 5 | $ 625,000 | $ 125,000 | $ 69,000 |
| Carroll, Maryland | 4 | $ 1,050,000 | $ 262,500 | $ 237,000 |
| Dare, North Carolina | 4 | $ 1,140,000 | $ 285,000 | $ 253,000 |
| Fairfax, Virginia | 4 | $ 1,820,000 | $ 455,000 | $ 133,000 |
| Hampshire, West Virginia | 4 | $ 460,000 | $ 115,000 | $ 87,000 |
| Baltimore, Maryland | 3 | $ 2,435,000 | $ 811,666 | $ 569,000 |
| Adams, Pennsylvania | 3 | $ 765,000 | $ 255,000 | $ 155,000 |
| Barbour, West Virginia | 3 | $ 435,000 | $ 145,000 | $ 79,000 |
| Morgan, West Virginia | 3 | $ 435,000 | $ 145,000 | $ 97,000 |
| Taylor, West Virginia | 3 | $ 745,000 | $ 248,333 | $ 89,000 |
| Sussex, Delaware | 2 | $ 560,000 | $ 280,000 | $ 171,000 |
| District of Columbia, District Of Columbia | 2 | $ 1,970,000 | $ 985,000 | $ 0 |
| Anne Arundel, Maryland | 2 | $ 1,350,000 | $ 675,000 | $ 384,000 |
| Baltimore City, Maryland | 2 | $ 320,000 | $ 160,000 | $ 94,000 |
| Howard, Maryland | 2 | $ 680,000 | $ 340,000 | $ 126,000 |
| Worcester, Maryland | 2 | $ 340,000 | $ 170,000 | $ 114,000 |
| Wake, North Carolina | 2 | $ 940,000 | $ 470,000 | $ 180,000 |
| Fulton, Pennsylvania | 2 | $ 1,070,000 | $ 535,000 | $ 341,000 |
| Washington, Pennsylvania | 2 | $ 360,000 | $ 180,000 | $ 56,000 |
| Horry, South Carolina | 2 | $ 540,000 | $ 270,000 | $ 448,000 |
| Loudoun, Virginia | 2 | $ 750,000 | $ 375,000 | $ 173,000 |
| Lee, Florida | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Orange, Florida | 1 | $ 275,000 | $ 275,000 | $ 59,000 |
| Sarasota, Florida | 1 | $ 345,000 | $ 345,000 | $ 125,000 |
| Seminole, Florida | 1 | $ 425,000 | $ 425,000 | $ 162,000 |
| Somerset, Maryland | 1 | $ 105,000 | $ 105,000 | $ 59,000 |
| New York, New York | 1 | $ 575,000 | $ 575,000 | $ 1,598,000 |
| Brunswick, North Carolina | 1 | $ 365,000 | $ 365,000 | $ 143,000 |
| Currituck, North Carolina | 1 | $ 665,000 | $ 665,000 | $ 251,000 |
| Guilford, North Carolina | 1 | $ 455,000 | $ 455,000 | $ 1,598,000 |
| Washington, Ohio | 1 | $ 385,000 | $ 385,000 | $ 149,000 |
| Cumberland, Pennsylvania | 1 | $ 285,000 | $ 285,000 | $ 94,000 |
| Greene, Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 72,000 |
| Montgomery, Pennsylvania | 1 | $ 465,000 | $ 465,000 | $ 225,000 |
| Beaufort, South Carolina | 1 | $ 335,000 | $ 335,000 | $ 102,000 |
| York, South Carolina | 1 | $ 425,000 | $ 425,000 | $ 164,000 |
| Frederick, Virginia | 1 | $ 225,000 | $ 225,000 | $ 56,000 |
| Brooke, West Virginia | 1 | $ 185,000 | $ 185,000 | $ 58,000 |
| Greenbrier, West Virginia | 1 | $ 345,000 | $ 345,000 | $ 148,000 |
| Lewis, West Virginia | 1 | $ 155,000 | $ 155,000 | $ 315,000 |
| Marshall, West Virginia | 1 | $ 145,000 | $ 145,000 | $ 52,000 |
| Mercer, West Virginia | 1 | $ 65,000 | $ 65,000 | $ 112,000 |
| Ohio, West Virginia | 1 | $ 155,000 | $ 155,000 | $ 52,000 |
| Pendleton, West Virginia | 1 | $ 85,000 | $ 85,000 | $ 42,000 |
| Upshur, West Virginia | 1 | $ 335,000 | $ 335,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2020
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 | 360 | $106,780,000 | $296,000 | $2,335,000 | $149,000 | $1,598,000 |
| Refinancing | 263 | $70,965,000 | $269,000 | $1,385,000 | $144,000 | $1,598,000 |
| Cash-out Refinancing | 186 | $45,570,000 | $245,000 | $1,235,000 | $124,000 | $802,000 |
| Home Improvement | 8 | $2,040,000 | $255,000 | $805,000 | $36,000 | $58,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 560 | $142,860,000 | $255,000 | $2,005,000 | $133,000 | $1,598,000 |
| Not Provided | 180 | $57,360,000 | $318,000 | $1,385,000 | $162,000 | $1,598,000 |
| Not applicable | 56 | $19,690,000 | $351,000 | $2,335,000 | $0 | $0 |
| Black or African American | 9 | $3,135,000 | $348,000 | $1,305,000 | $274,000 | $957,000 |
| Asian | 6 | $1,300,000 | $216,000 | $505,000 | $99,000 | $300,000 |
| American Indian or Alaskan Native | 4 | $710,000 | $177,000 | $205,000 | $88,000 | $134,000 |
| Hispanic | 2 | $300,000 | $150,000 | $185,000 | $94,000 | $98,000 |
| 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) | 780 | $219,640,000 | $281,000 | $2,335,000 | $145,000 | $1,598,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 37 | $5,715,000 | $154,000 | $275,000 | $54,000 | $97,000 |
| 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 | 557 | $155,975,000 | $280,000 | $2,335,000 | $155,000 | $1,598,000 |
| Application Denied By Financial Institution | 122 | $32,730,000 | $268,000 | $1,365,000 | $92,000 | $382,000 |
| Application Approved But Not Accepted | 95 | $24,395,000 | $256,000 | $805,000 | $116,000 | $628,000 |
| Application Withdrawn By Applicant | 40 | $11,680,000 | $292,000 | $2,045,000 | $141,000 | $802,000 |
| File Closed For Incompleteness | 3 | $575,000 | $191,000 | $365,000 | $233,000 | $376,000 |
| 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 | 817 | $225,355,000 | $275,000 | $2,335,000 | $140,000 | $1,598,000 |
| 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 2020 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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