First United Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, First United Bank & Trust of Oakland, MD reported 830 mortgage applications totaling $112.2 million, down 13% from 2007. The average application was for $135,125, and applicants reported an average income of $77,785. 61% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Cumberland, MD-WV (194), Hagerstown-Martinsburg, MD-WV (194) and Morgantown, WV (86) (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 | 830 |
| Total Mortgage Loan Application Amount | $112,154,000 |
| Average Mortgage Loan Application Amount | $135,125 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $77,785 |
| Highest Applicant Income | $3,488,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First United Bank & Trust in 2008
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 | 367 | $59,637,000 | $162,000 | $3,200,000 | $78,000 | $1,080,000 |
| Home Improvement | 242 | $7,780,000 | $32,000 | $1,640,000 | $59,000 | $2,169,000 |
| Refinancing | 221 | $44,737,000 | $202,000 | $6,000,000 | $98,000 | $3,488,000 |
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 | 720 | $76,636,000 | $106,000 | $2,400,000 | $75,000 | $3,488,000 |
| Not Provided | 57 | $17,150,000 | $300,000 | $1,800,000 | $145,000 | $1,080,000 |
| Not applicable | 40 | $17,279,000 | $431,000 | $6,000,000 | $28,000 | $158,000 |
| Black or African American | 8 | $879,000 | $109,000 | $357,000 | $58,000 | $163,000 |
| American Indian or Alaskan Native | 2 | $16,000 | $8,000 | $10,000 | $36,000 | $73,000 |
| Asian | 1 | $92,000 | $92,000 | $92,000 | $532,000 | $532,000 |
| Hispanic | 1 | $52,000 | $52,000 | $52,000 | $64,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $50,000 | $50,000 | $50,000 | $28,000 | $28,000 |
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) | 805 | $109,122,000 | $135,000 | $6,000,000 | $79,000 | $3,488,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $2,881,000 | $120,000 | $325,000 | $42,000 | $84,000 |
| FHA-insured (Federal Housing Administration) | 1 | $151,000 | $151,000 | $151,000 | $54,000 | $54,000 |
| 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 | 506 | $78,903,000 | $155,000 | $6,000,000 | $86,000 | $3,488,000 |
| Application Denied By Financial Institution | 198 | $15,412,000 | $77,000 | $1,800,000 | $48,000 | $315,000 |
| Application Approved But Not Accepted | 60 | $7,798,000 | $129,000 | $655,000 | $118,000 | $2,169,000 |
| Application Withdrawn By Applicant | 27 | $3,910,000 | $144,000 | $650,000 | $64,000 | $291,000 |
| File Closed For Incompleteness | 17 | $2,298,000 | $135,000 | $315,000 | $67,000 | $200,000 |
| Loan Purchased By The Institution | 17 | $3,180,000 | $187,000 | $322,000 | $72,000 | $158,000 |
| Preapproval Denied by Financial Institution | 5 | $653,000 | $130,000 | $238,000 | $24,000 | $46,000 |
| 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 2008 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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