First United Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, First United Bank & Trust of Oakland, MD reported 536 mortgage applications totaling $110.5 million, up 5% from 2016. The average application was for $206,138, and applicants reported an average income of $94,983. 63% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Morgantown, WV (112), Hagerstown-Martinsburg, MD-WV (106) and Cumberland, MD-WV (72) (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 | 536 |
| Total Mortgage Loan Application Amount | $110,490,000 |
| Average Mortgage Loan Application Amount | $206,138 |
| Highest Mortgage Loan Application Amount | $1,820,000 |
| Average Applicant Income | $94,983 |
| Highest Applicant Income | $1,335,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Morgantown, WV | 112 | $ 23,661,000 | $ 211,258 | $ 83,000 |
| Hagerstown-Martinsburg, MD-WV | 106 | $ 13,921,000 | $ 131,330 | $ 67,830 |
| Cumberland, MD-WV | 72 | $ 5,611,000 | $ 77,930 | $ 58,750 |
| Silver Spring-Frederick-Rockville, MD | 65 | $ 20,255,000 | $ 311,615 | $ 124,000 |
| Chambersburg-Waynesboro, PA | 14 | $ 4,211,000 | $ 300,785 | $ 32,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 11 | $ 2,150,000 | $ 195,454 | $ 85,272 |
| Baltimore-Columbia-Towson, MD | 9 | $ 5,724,000 | $ 636,000 | $ 238,000 |
| Pittsburgh, PA | 8 | $ 1,295,000 | $ 161,875 | $ 78,000 |
| Winchester, VA-WV | 7 | $ 801,000 | $ 114,428 | $ 48,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 646,000 | $ 323,000 | $ 240,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 89,000 | $ 89,000 | $ 0 |
| Lancaster, PA | 1 | $ 184,000 | $ 184,000 | $ 62,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 325,000 | $ 325,000 | $ 338,000 |
| Salisbury, MD-DE | 1 | $ 118,000 | $ 118,000 | $ 41,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 480,000 | $ 480,000 | $ 218,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 119,000 | $ 119,000 | $ 53,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Wilmington, NC | 1 | $ 100,000 | $ 100,000 | $ 180,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2017
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 | 281 | $73,640,000 | $262,000 | $1,820,000 | $109,000 | $1,335,000 |
| Home Improvement | 151 | $6,643,000 | $43,000 | $695,000 | $62,000 | $294,000 |
| Refinancing | 104 | $30,207,000 | $290,000 | $1,560,000 | $105,000 | $778,000 |
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 | 435 | $77,803,000 | $178,000 | $1,820,000 | $95,000 | $1,335,000 |
| Not Provided | 41 | $13,113,000 | $319,000 | $1,200,000 | $154,000 | $778,000 |
| Not applicable | 37 | $14,653,000 | $396,000 | $1,560,000 | $0 | $0 |
| Hispanic | 8 | $978,000 | $122,000 | $175,000 | $80,000 | $179,000 |
| Asian | 6 | $2,021,000 | $336,000 | $477,000 | $155,000 | $337,000 |
| Black or African American | 5 | $497,000 | $99,000 | $278,000 | $91,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,423,000 | $474,000 | $748,000 | $311,000 | $564,000 |
| American Indian or Alaskan Native | 1 | $2,000 | $2,000 | $2,000 | $30,000 | $30,000 |
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) | 524 | $108,950,000 | $207,000 | $1,820,000 | $95,000 | $1,335,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 12 | $1,540,000 | $128,000 | $258,000 | $62,000 | $112,000 |
| 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 | 339 | $75,202,000 | $221,000 | $1,820,000 | $102,000 | $1,335,000 |
| Application Denied By Financial Institution | 123 | $18,551,000 | $150,000 | $1,500,000 | $74,000 | $712,000 |
| Application Approved But Not Accepted | 52 | $11,632,000 | $223,000 | $1,560,000 | $88,000 | $445,000 |
| Application Withdrawn By Applicant | 17 | $3,575,000 | $210,000 | $608,000 | $109,000 | $548,000 |
| File Closed For Incompleteness | 5 | $1,530,000 | $306,000 | $931,000 | $94,000 | $169,000 |
| 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 | 51 | $9,795,000 | $192,000 | $1,500,000 | $62,000 | $712,000 |
| Credit History | 48 | $4,390,000 | $91,000 | $605,000 | $68,000 | $245,000 |
| Collateral | 12 | $2,248,000 | $187,000 | $448,000 | $99,000 | $210,000 |
| Other | 11 | $1,938,000 | $176,000 | $964,000 | $127,000 | $378,000 |
| Credit Application Incomplete | 1 | $180,000 | $180,000 | $180,000 | $121,000 | $121,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First United Bank & Trust's 2017 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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