First United Bank & Trust Mortgage Lending & HMDA Data, 2018
In 2018, First United Bank & Trust of Oakland, MD reported 459 mortgage applications totaling $123.5 million, down 14% from 2017. The average application was for $269,095, and applicants reported an average income of $119,768. 61% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Hagerstown-Martinsburg, MD-WV (82), Silver Spring-Frederick-Rockville, MD (74) and Morgantown, WV (63) (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 | 459 |
| Total Mortgage Loan Application Amount | $123,515,000 |
| Average Mortgage Loan Application Amount | $269,095 |
| Highest Mortgage Loan Application Amount | $1,995,000 |
| Average Applicant Income | $119,768 |
| Highest Applicant Income | $1,377,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 137 | $ 33,595,000 | $ 245,218 | $ 155,496 |
| Hagerstown-Martinsburg, MD-WV | 82 | $ 17,080,000 | $ 208,292 | $ 83,634 |
| Silver Spring-Frederick-Rockville, MD | 74 | $ 27,820,000 | $ 375,945 | $ 116,000 |
| Morgantown, WV | 63 | $ 14,005,000 | $ 222,301 | $ 92,000 |
| Cumberland, MD-WV | 36 | $ 4,580,000 | $ 127,222 | $ 78,555 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 29 | $ 17,115,000 | $ 590,172 | $ 155,310 |
| Chambersburg-Waynesboro, PA | 11 | $ 2,535,000 | $ 230,454 | $ 82,000 |
| Pittsburgh, PA | 8 | $ 1,720,000 | $ 215,000 | $ 71,000 |
| Baltimore-Columbia-Towson, MD | 7 | $ 1,375,000 | $ 196,428 | $ 193,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 700,000 | $ 350,000 | $ 157,500 |
| Winchester, VA-WV | 2 | $ 460,000 | $ 230,000 | $ 53,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 235,000 | $ 235,000 | $ 103,000 |
| Gettysburg, PA | 1 | $ 205,000 | $ 205,000 | $ 36,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 195,000 | $ 195,000 | $ 89,000 |
| Johnstown, PA | 1 | $ 45,000 | $ 45,000 | $ 26,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 445,000 | $ 445,000 | $ 165,000 |
| Richmond, VA | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 665,000 | $ 665,000 | $ 331,000 |
| Wilmington, DE-MD-NJ | 1 | $ 545,000 | $ 545,000 | $ 211,000 |
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2018
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 | 315 | $81,725,000 | $259,000 | $1,995,000 | $116,000 | $886,000 |
| Cash-out Refinancing | 65 | $13,515,000 | $207,000 | $935,000 | $131,000 | $1,377,000 |
| Refinancing | 52 | $12,600,000 | $242,000 | $625,000 | $130,000 | $793,000 |
| Not Applicable | 23 | $15,255,000 | $663,000 | $1,645,000 | $0 | $0 |
| Home Improvement | 4 | $420,000 | $105,000 | $155,000 | $101,000 | $121,000 |
| 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 | 317 | $76,945,000 | $242,000 | $1,595,000 | $125,000 | $1,377,000 |
| Not Provided | 77 | $20,495,000 | $266,000 | $865,000 | $101,000 | $601,000 |
| Not applicable | 49 | $22,505,000 | $459,000 | $1,995,000 | $0 | $0 |
| Black or African American | 6 | $1,180,000 | $196,000 | $365,000 | $104,000 | $180,000 |
| Asian | 5 | $1,265,000 | $253,000 | $475,000 | $89,000 | $190,000 |
| Hispanic | 4 | $720,000 | $180,000 | $275,000 | $140,000 | $254,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $405,000 | $405,000 | $405,000 | $73,000 | $73,000 |
| 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) | 425 | $118,565,000 | $278,000 | $1,995,000 | $126,000 | $1,377,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 34 | $4,950,000 | $145,000 | $325,000 | $51,000 | $105,000 |
| 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 | 279 | $71,575,000 | $256,000 | $1,995,000 | $133,000 | $1,377,000 |
| Application Denied By Financial Institution | 95 | $20,665,000 | $217,000 | $865,000 | $88,000 | $793,000 |
| Application Approved But Not Accepted | 43 | $12,235,000 | $284,000 | $895,000 | $124,000 | $420,000 |
| Loan Purchased By The Institution | 23 | $15,255,000 | $663,000 | $1,645,000 | $0 | $0 |
| Application Withdrawn By Applicant | 10 | $1,930,000 | $193,000 | $705,000 | $71,000 | $152,000 |
| File Closed For Incompleteness | 9 | $1,855,000 | $206,000 | $645,000 | $110,000 | $277,000 |
| 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 | 459 | $123,515,000 | $269,000 | $1,995,000 | $120,000 | $1,377,000 |
| 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 2018 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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