First United Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, First United Bank & Trust of Oakland, MD reported 845 mortgage applications totaling $96.4 million, down 28% from 2005. The average application was for $114,080, and applicants reported an average income of $73,659. 59% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Cumberland, MD-WV (238), Hagerstown-Martinsburg, MD-WV (171) and Morgantown, WV (108) (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 | 845 |
| Total Mortgage Loan Application Amount | $96,398,000 |
| Average Mortgage Loan Application Amount | $114,080 |
| Highest Mortgage Loan Application Amount | $5,800,000 |
| Average Applicant Income | $73,659 |
| Highest Applicant Income | $2,435,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 238 | $ 12,978,000 | $ 54,529 | $ 46,743 |
| Hagerstown-Martinsburg, MD-WV | 171 | $ 13,967,000 | $ 81,678 | $ 55,988 |
| Morgantown, WV | 108 | $ 11,855,000 | $ 109,768 | $ 65,000 |
| Bethesda-Gaithersburg-Frederick, MD | 24 | $ 3,399,000 | $ 141,625 | $ 74,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 19 | $ 1,296,000 | $ 68,210 | $ 57,473 |
| Winchester, VA-WV | 15 | $ 2,762,000 | $ 184,133 | $ 116,066 |
| Baltimore-Towson, MD | 3 | $ 1,232,000 | $ 410,666 | $ 154,000 |
| Pittsburgh, PA | 3 | $ 206,000 | $ 68,666 | $ 53,000 |
| Richmond, VA | 2 | $ 312,000 | $ 156,000 | $ 108,000 |
| Charleston, WV | 1 | $ 70,000 | $ 70,000 | $ 45,000 |
| Savannah, GA | 1 | $ 134,000 | $ 134,000 | $ 46,000 |
| Wheeling, WV-OH | 1 | $ 194,000 | $ 194,000 | $ 47,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2006
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 | 428 | $77,486,000 | $181,000 | $5,800,000 | $98,000 | $2,435,000 |
| Home Improvement | 293 | $5,998,000 | $20,000 | $537,000 | $46,000 | $250,000 |
| Refinancing | 124 | $12,914,000 | $104,000 | $1,200,000 | $55,000 | $511,000 |
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 | 752 | $70,108,000 | $93,000 | $1,400,000 | $74,000 | $2,435,000 |
| Not Provided | 49 | $9,274,000 | $189,000 | $2,100,000 | $101,000 | $1,107,000 |
| Not applicable | 19 | $14,236,000 | $749,000 | $5,800,000 | $0 | $0 |
| Black or African American | 19 | $2,231,000 | $117,000 | $661,000 | $89,000 | $431,000 |
| Hispanic | 4 | $265,000 | $66,000 | $180,000 | $45,000 | $57,000 |
| Asian | 2 | $284,000 | $142,000 | $195,000 | $57,000 | $90,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 823 | $93,459,000 | $113,000 | $5,800,000 | $75,000 | $2,435,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 22 | $2,939,000 | $133,000 | $400,000 | $41,000 | $70,000 |
| 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 | 501 | $66,702,000 | $133,000 | $5,800,000 | $82,000 | $2,435,000 |
| Application Denied By Financial Institution | 230 | $10,805,000 | $46,000 | $944,000 | $43,000 | $408,000 |
| Application Approved But Not Accepted | 56 | $10,161,000 | $181,000 | $2,100,000 | $139,000 | $1,107,000 |
| Application Withdrawn By Applicant | 27 | $3,448,000 | $127,000 | $800,000 | $62,000 | $234,000 |
| Preapproval Denied by Financial Institution | 22 | $3,605,000 | $163,000 | $400,000 | $61,000 | $149,000 |
| File Closed For Incompleteness | 9 | $1,677,000 | $186,000 | $330,000 | $71,000 | $156,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| 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 2006 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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