First United Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, First United Bank & Trust of Oakland, MD reported 1,261 mortgage applications totaling $146.1 million. The average application was for $115,836, and applicants reported an average income of $78,129. 63% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Cumberland, MD-WV (218), Hagerstown, MD (61) and Johnstown, PA (16) (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 | 1,261 |
| Total Mortgage Loan Application Amount | $146,070,000 |
| Average Mortgage Loan Application Amount | $115,836 |
| Highest Mortgage Loan Application Amount | $2,850,000 |
| Average Applicant Income | $78,129 |
| Highest Applicant Income | $3,882,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cumberland, MD-WV | 218 | $ 14,150,000 | $ 64,908 | $ 62,000 |
| Hagerstown, MD | 61 | $ 5,383,000 | $ 88,245 | $ 89,000 |
| Johnstown, PA | 16 | $ 648,000 | $ 40,500 | $ 47,000 |
| Pittsburgh, PA | 9 | $ 721,000 | $ 80,111 | $ 60,000 |
| Baltimore, MD | 5 | $ 1,188,000 | $ 237,600 | $ 103,000 |
| Myrtle Beach, SC | 2 | $ 258,000 | $ 129,000 | $ 25,000 |
| Fort Lauderdale, FL | 1 | $ 50,000 | $ 50,000 | $ 34,000 |
| Lancaster, PA | 1 | $ 179,000 | $ 179,000 | $ 87,000 |
| Orlando, FL | 1 | $ 228,000 | $ 228,000 | $ 107,000 |
| Philadelphia, PA-NJ | 1 | $ 152,000 | $ 152,000 | $ 62,000 |
| Richmond-Petersburg, VA | 1 | $ 54,000 | $ 54,000 | $ 50,000 |
| Washington, DC-MD-VA-WV | 1 | $ 750,000 | $ 750,000 | $ 47,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2003
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 (one-to-four family) | 530 | $85,047,000 | $113,833 | $1,500,000 | $62,833 | $3,882,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 400 | $52,961,000 | $329,500 | $1,080,000 | $123,333 | $1,215,000 |
| Home Improvement (one-to-four family) | 324 | $2,798,000 | $9,200 | $119,000 | $65,000 | $576,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 7 | $5,264,000 | $1,045,500 | $2,850,000 | $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 | 1,132 | $125,994,000 | $110,857 | $2,850,000 | $77,571 | $3,882,000 |
| Information not provided by applicant in mail or telephone application | 72 | $8,647,000 | $265,750 | $780,000 | $75,250 | $616,000 |
| Not applicable | 27 | $7,594,000 | $226,333 | $1,000,000 | $0 | $0 |
| Black | 13 | $1,447,000 | $211,500 | $950,000 | $125,000 | $573,000 |
| Asian or Pacific Islander | 8 | $2,153,000 | $292,500 | $496,000 | $253,000 | $384,000 |
| American Indian or Alaskan Native | 4 | $23,000 | $5,000 | $9,000 | $39,000 | $65,000 |
| Other | 4 | $209,000 | $52,000 | $90,000 | $207,000 | $697,000 |
| Hispanic | 1 | $3,000 | $3,000 | $3,000 | $18,000 | $18,000 |
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) | 1,261 | $146,070,000 | $192,250 | $2,850,000 | $76,375 | $3,882,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 | 793 | $112,528,000 | $136,333 | $2,850,000 | $106,666 | $3,882,000 |
| Application Denied By Financial Institution | 282 | $22,015,000 | $185,833 | $995,000 | $45,000 | $393,000 |
| Loan Purchased By The Institution | 104 | $2,188,000 | $18,333 | $119,000 | $47,000 | $278,000 |
| Application Withdrawn By Applicant | 40 | $3,442,000 | $87,750 | $580,000 | $45,000 | $192,000 |
| Application Approved But Not Accepted | 32 | $4,615,000 | $143,750 | $750,000 | $81,250 | $702,000 |
| File Closed For Incompleteness | 10 | $1,282,000 | $128,000 | $614,000 | $103,000 | $491,000 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First United Bank & Trust's 2003 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.
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with aggregated HMDA statistics today.
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