First United Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, First United Bank & Trust of Oakland, MD reported 956 mortgage applications totaling $113.1 million, up 13% from 2006. The average application was for $118,321, and applicants reported an average income of $60,741. 55% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Hagerstown-Martinsburg, MD-WV (230), Cumberland, MD-WV (225) and Morgantown, WV (97) (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 | 956 |
| Total Mortgage Loan Application Amount | $113,115,000 |
| Average Mortgage Loan Application Amount | $118,321 |
| Highest Mortgage Loan Application Amount | $3,045,000 |
| Average Applicant Income | $60,741 |
| Highest Applicant Income | $4,143,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hagerstown-Martinsburg, MD-WV | 230 | $ 15,975,000 | $ 69,456 | $ 57,052 |
| Cumberland, MD-WV | 225 | $ 14,169,000 | $ 62,973 | $ 49,760 |
| Morgantown, WV | 97 | $ 10,522,000 | $ 108,474 | $ 64,000 |
| Bethesda-Gaithersburg-Frederick, MD | 35 | $ 8,638,000 | $ 246,800 | $ 78,000 |
| Winchester, VA-WV | 11 | $ 463,000 | $ 42,090 | $ 59,454 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 1,028,000 | $ 128,500 | $ 63,875 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 3,127,000 | $ 446,714 | $ 0 |
| Birmingham-Hoover, AL | 6 | $ 777,000 | $ 129,500 | $ 0 |
| Austin-Round Rock, TX | 5 | $ 963,000 | $ 192,600 | $ 0 |
| Pittsburgh, PA | 5 | $ 748,000 | $ 149,600 | $ 35,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 1,512,000 | $ 378,000 | $ 0 |
| Dallas-Plano-Irving, TX | 4 | $ 816,000 | $ 204,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 3 | $ 388,000 | $ 129,333 | $ 0 |
| Las Vegas-Paradise, NV | 3 | $ 749,000 | $ 249,666 | $ 0 |
| Mobile, AL | 3 | $ 748,000 | $ 249,333 | $ 0 |
| Sarasota-Bradenton-Venice, FL | 3 | $ 1,375,000 | $ 458,333 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 676,000 | $ 338,000 | $ 0 |
| Huntsville, AL | 2 | $ 402,000 | $ 201,000 | $ 0 |
| Naples-Marco Island, FL | 2 | $ 581,000 | $ 290,500 | $ 0 |
| Palm Coast, FL | 2 | $ 734,000 | $ 367,000 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 1,103,000 | $ 551,500 | $ 0 |
| Athens-Clarke County, GA | 1 | $ 506,000 | $ 506,000 | $ 0 |
| Auburn-Opelika, AL | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Columbus, GA-AL | 1 | $ 480,000 | $ 480,000 | $ 0 |
| Fort Worth-Arlington, TX | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Harrisonburg, VA | 1 | $ 100,000 | $ 100,000 | $ 218,000 |
| Jacksonville, FL | 1 | $ 540,000 | $ 540,000 | $ 0 |
| Macon, GA | 1 | $ 476,000 | $ 476,000 | $ 0 |
| Montgomery, AL | 1 | $ 471,000 | $ 471,000 | $ 0 |
| Orlando-Kissimmee, FL | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 710,000 | $ 710,000 | $ 0 |
| Reno-Sparks, NV | 1 | $ 946,000 | $ 946,000 | $ 0 |
| Santa Fe, NM | 1 | $ 552,000 | $ 552,000 | $ 0 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2007
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 | 433 | $82,568,000 | $190,000 | $3,045,000 | $69,000 | $4,143,000 |
| Home Improvement | 364 | $8,324,000 | $22,000 | $425,000 | $46,000 | $277,000 |
| Refinancing | 159 | $22,223,000 | $139,000 | $1,500,000 | $72,000 | $519,000 |
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 | 790 | $66,019,000 | $83,000 | $1,700,000 | $62,000 | $563,000 |
| Not applicable | 107 | $38,949,000 | $364,000 | $2,650,000 | $10,000 | $480,000 |
| Not Provided | 44 | $6,626,000 | $150,000 | $3,045,000 | $150,000 | $4,143,000 |
| Black or African American | 7 | $857,000 | $122,000 | $335,000 | $52,000 | $101,000 |
| American Indian or Alaskan Native | 4 | $177,000 | $44,000 | $118,000 | $37,000 | $52,000 |
| Asian | 2 | $457,000 | $228,000 | $314,000 | $170,000 | $241,000 |
| Hispanic | 2 | $30,000 | $15,000 | $25,000 | $15,000 | $31,000 |
| 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) | 946 | $111,422,000 | $117,000 | $3,045,000 | $61,000 | $4,143,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,693,000 | $169,000 | $251,000 | $55,000 | $83,000 |
| 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 | 524 | $64,932,000 | $123,000 | $3,045,000 | $77,000 | $4,143,000 |
| Application Denied By Financial Institution | 265 | $15,285,000 | $57,000 | $1,500,000 | $46,000 | $519,000 |
| Loan Purchased By The Institution | 71 | $24,960,000 | $351,000 | $1,000,000 | $0 | $0 |
| Application Approved But Not Accepted | 43 | $2,411,000 | $56,000 | $200,000 | $58,000 | $178,000 |
| Application Withdrawn By Applicant | 26 | $2,282,000 | $87,000 | $432,000 | $57,000 | $135,000 |
| Preapproval Denied by Financial Institution | 16 | $2,086,000 | $130,000 | $270,000 | $59,000 | $107,000 |
| File Closed For Incompleteness | 11 | $1,159,000 | $105,000 | $275,000 | $41,000 | $115,000 |
| 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 2007 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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