First United Bank & Trust Mortgage Lending & HMDA Data, 2024
In 2024, First United Bank & Trust of Oakland, MD reported 271 mortgage applications totaling $80.9 million, down 26% from 2023. The average application was for $298,616, and applicants reported an average income of $162,257. 74% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Morgantown, WV (43), Hagerstown-Martinsburg, MD-WV (11) and Washington-Baltimore-Arlington, DC (10) (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 | 271 |
| Total Mortgage Loan Application Amount | $80,925,000 |
| Average Mortgage Loan Application Amount | $298,616 |
| Highest Mortgage Loan Application Amount | $3,655,000 |
| Average Applicant Income | $162,257 |
| Highest Applicant Income | $1,816,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 66 | $ 22,240,000 | $ 336,969 | $ 196,000 |
| Allegany, Maryland | 64 | $ 9,230,000 | $ 144,218 | $ 91,000 |
| Monongalia, West Virginia | 32 | $ 8,020,000 | $ 250,625 | $ 91,000 |
| Preston, West Virginia | 11 | $ 2,945,000 | $ 267,727 | $ 146,000 |
| Frederick, Maryland | 10 | $ 5,970,000 | $ 597,000 | $ 190,000 |
| Mineral, West Virginia | 9 | $ 2,685,000 | $ 298,333 | $ 107,000 |
| Franklin, Pennsylvania | 7 | $ 2,315,000 | $ 330,714 | $ 125,000 |
| Marion, West Virginia | 7 | $ 1,635,000 | $ 233,571 | $ 151,000 |
| Berkeley, West Virginia | 6 | $ 1,530,000 | $ 255,000 | $ 111,000 |
| Washington, Maryland | 5 | $ 2,275,000 | $ 455,000 | $ 254,000 |
| Harrison, West Virginia | 4 | $ 630,000 | $ 157,500 | $ 88,000 |
| Bedford, Pennsylvania | 3 | $ 455,000 | $ 151,666 | $ 105,000 |
| Worcester, Maryland | 2 | $ 500,000 | $ 250,000 | $ 350,000 |
| Fayette, Pennsylvania | 2 | $ 460,000 | $ 230,000 | $ 155,000 |
| Somerset, Pennsylvania | 2 | $ 340,000 | $ 170,000 | $ 99,000 |
| Loudoun, Virginia | 2 | $ 2,360,000 | $ 1,180,000 | $ 540,000 |
| Hardy, West Virginia | 2 | $ 300,000 | $ 150,000 | $ 335,000 |
| Taylor, West Virginia | 2 | $ 360,000 | $ 180,000 | $ 79,000 |
| Sussex, Delaware | 1 | $ 1,205,000 | $ 1,205,000 | $ 1,816,000 |
| Highlands, Florida | 1 | $ 255,000 | $ 255,000 | $ 150,000 |
| Volusia, Florida | 1 | $ 655,000 | $ 655,000 | $ 127,000 |
| St. Mary's, Maryland | 1 | $ 325,000 | $ 325,000 | $ 78,000 |
| Wake, North Carolina | 1 | $ 555,000 | $ 555,000 | $ 163,000 |
| Fulton, Pennsylvania | 1 | $ 285,000 | $ 285,000 | $ 89,000 |
| Washington, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 54,000 |
| Greenville, South Carolina | 1 | $ 565,000 | $ 565,000 | $ 200,000 |
| Horry, South Carolina | 1 | $ 465,000 | $ 465,000 | $ 221,000 |
| Kershaw, South Carolina | 1 | $ 505,000 | $ 505,000 | $ 204,000 |
| Rockingham, Virginia | 1 | $ 325,000 | $ 325,000 | $ 120,000 |
| Brooke, West Virginia | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Lewis, West Virginia | 1 | $ 195,000 | $ 195,000 | $ 102,000 |
| Ohio, West Virginia | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Tucker, West Virginia | 1 | $ 465,000 | $ 465,000 | $ 214,000 |
| Wetzel, West Virginia | 1 | $ 95,000 | $ 95,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2024
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 | 215 | $68,015,000 | $316,000 | $3,655,000 | $168,000 | $1,816,000 |
| Cash-out Refinancing | 29 | $6,655,000 | $229,000 | $915,000 | $129,000 | $1,034,000 |
| Refinancing | 24 | $6,060,000 | $252,000 | $1,005,000 | $151,000 | $335,000 |
| Home Improvement | 3 | $195,000 | $65,000 | $125,000 | $0 | $0 |
| 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 | 200 | $53,510,000 | $267,000 | $2,085,000 | $141,000 | $1,401,000 |
| Not applicable | 31 | $6,645,000 | $214,000 | $1,005,000 | $143,000 | $143,000 |
| Not Provided | 23 | $14,885,000 | $647,000 | $3,655,000 | $346,000 | $1,816,000 |
| Asian | 7 | $2,065,000 | $295,000 | $575,000 | $191,000 | $678,000 |
| Black or African American | 5 | $2,065,000 | $413,000 | $1,135,000 | $173,000 | $297,000 |
| Hispanic | 5 | $1,755,000 | $351,000 | $965,000 | $161,000 | $349,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 270 | $80,730,000 | $299,000 | $3,655,000 | $163,000 | $1,816,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $195,000 | $195,000 | $195,000 | $102,000 | $102,000 |
| 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 | 200 | $59,830,000 | $299,000 | $3,655,000 | $171,000 | $1,816,000 |
| Application Denied By Financial Institution | 49 | $16,365,000 | $333,000 | $1,705,000 | $136,000 | $982,000 |
| Application Withdrawn By Applicant | 15 | $2,585,000 | $172,000 | $525,000 | $96,000 | $250,000 |
| Application Approved But Not Accepted | 7 | $2,145,000 | $306,000 | $535,000 | $223,000 | $475,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 271 | $80,925,000 | $298,000 | $3,655,000 | $163,000 | $1,816,000 |
| 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 2024 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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