First United Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, First United Bank & Trust of Oakland, MD reported 408 mortgage applications totaling $148.1 million, down 34% from 2021. The average application was for $363,088, and applicants reported an average income of $178,245. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cumberland, MD-WV (78), Morgantown, WV (69) and Hagerstown-Martinsburg, MD-WV (37) (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 | 408 |
| Total Mortgage Loan Application Amount | $148,140,000 |
| Average Mortgage Loan Application Amount | $363,088 |
| Highest Mortgage Loan Application Amount | $2,485,000 |
| Average Applicant Income | $178,245 |
| Highest Applicant Income | $2,157,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 122 | $ 61,390,000 | $ 503,196 | $ 241,000 |
| Allegany, Maryland | 50 | $ 7,480,000 | $ 149,600 | $ 81,000 |
| Monongalia, West Virginia | 50 | $ 14,530,000 | $ 290,600 | $ 173,000 |
| Mineral, West Virginia | 28 | $ 6,010,000 | $ 214,642 | $ 87,000 |
| Frederick, Maryland | 23 | $ 11,125,000 | $ 483,695 | $ 136,000 |
| Washington, Maryland | 21 | $ 6,775,000 | $ 322,619 | $ 253,000 |
| Preston, West Virginia | 19 | $ 2,995,000 | $ 157,631 | $ 96,000 |
| Berkeley, West Virginia | 15 | $ 5,105,000 | $ 340,333 | $ 88,000 |
| Franklin, Pennsylvania | 12 | $ 3,670,000 | $ 305,833 | $ 104,000 |
| Harrison, West Virginia | 8 | $ 2,070,000 | $ 258,750 | $ 184,000 |
| Marion, West Virginia | 8 | $ 1,500,000 | $ 187,500 | $ 73,000 |
| Montgomery, Maryland | 4 | $ 2,460,000 | $ 615,000 | $ 474,000 |
| Fayette, Pennsylvania | 3 | $ 165,000 | $ 55,000 | $ 63,000 |
| Somerset, Pennsylvania | 3 | $ 1,165,000 | $ 388,333 | $ 120,000 |
| Howard, Maryland | 2 | $ 1,090,000 | $ 545,000 | $ 157,000 |
| Allegheny, Pennsylvania | 2 | $ 840,000 | $ 420,000 | $ 194,000 |
| York, Pennsylvania | 2 | $ 720,000 | $ 360,000 | $ 0 |
| Grant, West Virginia | 2 | $ 460,000 | $ 230,000 | $ 0 |
| Hampshire, West Virginia | 2 | $ 530,000 | $ 265,000 | $ 218,000 |
| District of Columbia, District Of Columbia | 1 | $ 405,000 | $ 405,000 | $ 131,000 |
| Hillsborough, Florida | 1 | $ 475,000 | $ 475,000 | $ 620,000 |
| Baltimore City, Maryland | 1 | $ 1,165,000 | $ 1,165,000 | $ 0 |
| Queen Anne's, Maryland | 1 | $ 1,045,000 | $ 1,045,000 | $ 521,000 |
| Buncombe, North Carolina | 1 | $ 345,000 | $ 345,000 | $ 144,000 |
| Adams, Pennsylvania | 1 | $ 1,205,000 | $ 1,205,000 | $ 0 |
| Bedford, Pennsylvania | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Greene, Pennsylvania | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Lebanon, Pennsylvania | 1 | $ 305,000 | $ 305,000 | $ 396,000 |
| Horry, South Carolina | 1 | $ 625,000 | $ 625,000 | $ 239,000 |
| Albemarle, Virginia | 1 | $ 225,000 | $ 225,000 | $ 50,000 |
| Fairfax, Virginia | 1 | $ 315,000 | $ 315,000 | $ 157,000 |
| Frederick, Virginia | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Greenbrier, West Virginia | 1 | $ 345,000 | $ 345,000 | $ 260,000 |
| Jefferson, West Virginia | 1 | $ 135,000 | $ 135,000 | $ 82,000 |
| Mercer, West Virginia | 1 | $ 115,000 | $ 115,000 | $ 54,000 |
| Morgan, West Virginia | 1 | $ 425,000 | $ 425,000 | $ 140,000 |
| Ohio, West Virginia | 1 | $ 65,000 | $ 65,000 | $ 16,000 |
| Taylor, West Virginia | 1 | $ 335,000 | $ 335,000 | $ 123,000 |
| Tucker, West Virginia | 1 | $ 165,000 | $ 165,000 | $ 151,000 |
| Wood, West Virginia | 1 | $ 855,000 | $ 855,000 | $ 650,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2022
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 | 285 | $101,695,000 | $356,000 | $2,125,000 | $181,000 | $2,157,000 |
| Refinancing | 70 | $32,150,000 | $459,000 | $2,485,000 | $208,000 | $1,142,000 |
| Cash-out Refinancing | 48 | $13,030,000 | $271,000 | $1,805,000 | $129,000 | $1,303,000 |
| Home Improvement | 4 | $320,000 | $80,000 | $205,000 | $47,000 | $47,000 |
| Other Purpose | 1 | $945,000 | $945,000 | $945,000 | $199,000 | $199,000 |
| 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 | 287 | $97,035,000 | $338,000 | $2,125,000 | $165,000 | $2,157,000 |
| Not applicable | 55 | $18,285,000 | $332,000 | $1,785,000 | $0 | $0 |
| Not Provided | 38 | $17,400,000 | $457,000 | $2,485,000 | $214,000 | $1,053,000 |
| Asian | 14 | $8,580,000 | $612,000 | $1,055,000 | $361,000 | $771,000 |
| Black or African American | 6 | $3,950,000 | $658,000 | $1,045,000 | $199,000 | $370,000 |
| Hispanic | 5 | $1,395,000 | $279,000 | $375,000 | $137,000 | $200,000 |
| American Indian or Alaskan Native | 1 | $185,000 | $185,000 | $185,000 | $53,000 | $53,000 |
| 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) | 399 | $146,795,000 | $367,000 | $2,485,000 | $181,000 | $2,157,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,345,000 | $149,000 | $245,000 | $39,000 | $78,000 |
| 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 | 304 | $110,400,000 | $363,000 | $2,485,000 | $183,000 | $2,157,000 |
| Application Denied By Financial Institution | 44 | $13,710,000 | $311,000 | $905,000 | $119,000 | $750,000 |
| Application Approved But Not Accepted | 34 | $10,420,000 | $306,000 | $1,225,000 | $190,000 | $1,142,000 |
| Application Withdrawn By Applicant | 21 | $12,265,000 | $584,000 | $2,125,000 | $216,000 | $910,000 |
| File Closed For Incompleteness | 5 | $1,345,000 | $269,000 | $405,000 | $111,000 | $227,000 |
| 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 | 408 | $148,140,000 | $363,000 | $2,485,000 | $178,000 | $2,157,000 |
| 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 2022 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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