First United Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, First United Bank & Trust of Oakland, MD reported 618 mortgage applications totaling $223.2 million, down 24% from 2020. The average application was for $361,165, and applicants reported an average income of $151,930. 64% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cumberland, MD-WV (84), Morgantown, WV (83) and Hagerstown-Martinsburg, MD-WV (77) (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 | 618 |
| Total Mortgage Loan Application Amount | $223,200,000 |
| Average Mortgage Loan Application Amount | $361,165 |
| Highest Mortgage Loan Application Amount | $2,525,000 |
| Average Applicant Income | $151,930 |
| Highest Applicant Income | $1,253,000 |
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records First United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2021
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 | 292 | $110,060,000 | $376,000 | $2,525,000 | $157,000 | $1,142,000 |
| Refinancing | 189 | $71,295,000 | $377,000 | $1,585,000 | $144,000 | $920,000 |
| Cash-out Refinancing | 106 | $30,930,000 | $291,000 | $2,045,000 | $152,000 | $1,253,000 |
| Not Applicable | 29 | $10,635,000 | $366,000 | $1,975,000 | $0 | $0 |
| Other Purpose | 1 | $235,000 | $235,000 | $235,000 | $163,000 | $163,000 |
| Home Improvement | 1 | $45,000 | $45,000 | $45,000 | $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 | 401 | $127,655,000 | $318,000 | $2,525,000 | $151,000 | $1,253,000 |
| Not applicable | 112 | $59,670,000 | $532,000 | $1,975,000 | $0 | $0 |
| Not Provided | 78 | $25,410,000 | $325,000 | $965,000 | $140,000 | $623,000 |
| Asian | 10 | $5,420,000 | $542,000 | $2,005,000 | $263,000 | $1,096,000 |
| Black or African American | 8 | $2,580,000 | $322,000 | $1,015,000 | $136,000 | $327,000 |
| Hispanic | 7 | $1,835,000 | $262,000 | $515,000 | $149,000 | $333,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $630,000 | $315,000 | $335,000 | $271,000 | $340,000 |
| 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) | 594 | $219,710,000 | $369,000 | $2,525,000 | $157,000 | $1,253,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $3,490,000 | $145,000 | $265,000 | $45,000 | $77,000 |
| 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 | 394 | $133,350,000 | $338,000 | $2,525,000 | $167,000 | $1,253,000 |
| Application Denied By Financial Institution | 71 | $23,715,000 | $334,000 | $2,045,000 | $98,000 | $442,000 |
| Loan Purchased By The Institution | 69 | $38,805,000 | $562,000 | $1,975,000 | $0 | $0 |
| Application Approved But Not Accepted | 52 | $18,190,000 | $349,000 | $1,925,000 | $131,000 | $996,000 |
| Application Withdrawn By Applicant | 22 | $6,580,000 | $299,000 | $965,000 | $143,000 | $346,000 |
| File Closed For Incompleteness | 10 | $2,560,000 | $256,000 | $895,000 | $82,000 | $340,000 |
| 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 | 618 | $223,200,000 | $361,000 | $2,525,000 | $152,000 | $1,253,000 |
| 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 2021 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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