First VA Bank-Hampton Roads Mortgage Lending & HMDA Data, 2003
In 2003, First VA Bank-Hampton Roads of Wilson, NC reported 1,512 mortgage applications totaling $107.9 million. The average application was for $71,391, and applicants reported an average income of $55,397. 64% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Norfolk-Virginia Beach-Newport News, VA-NC (1,168) and Richmond-Petersburg, VA (11).
| Mortgage Company & Address | First VA Bank-Hampton Roads 223 West Nash Street Wilson, NC 27893 |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 1,512 |
| Total Mortgage Loan Application Amount | $107,944,000 |
| Average Mortgage Loan Application Amount | $71,391 |
| Highest Mortgage Loan Application Amount | $371,000 |
| Average Applicant Income | $55,397 |
| Highest Applicant Income | $422,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First VA Bank-Hampton Roads filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Virginia Beach, Virginia | 242 | $ 20,067,000 | $ 82,921 | $ 59,000 |
| Norfolk, Virginia | 205 | $ 12,158,000 | $ 59,307 | $ 53,000 |
| Chesapeake, Virginia | 158 | $ 13,221,000 | $ 83,677 | $ 65,000 |
| Suffolk, Virginia | 134 | $ 9,428,000 | $ 70,358 | $ 62,000 |
| Accomack, Virginia | 89 | $ 5,317,000 | $ 59,741 | $ 42,000 |
| Gloucester, Virginia | 78 | $ 4,748,000 | $ 60,871 | $ 46,000 |
| Middlesex, Virginia | 71 | $ 5,102,000 | $ 71,859 | $ 51,000 |
| Newport News, Virginia | 64 | $ 4,238,000 | $ 66,218 | $ 60,000 |
| Portsmouth, Virginia | 54 | $ 3,616,000 | $ 66,962 | $ 59,000 |
| Isle of Wight, Virginia | 52 | $ 3,604,000 | $ 69,307 | $ 43,000 |
| York, Virginia | 47 | $ 4,604,000 | $ 97,957 | $ 74,000 |
| Sussex, Virginia | 46 | $ 2,594,000 | $ 56,391 | $ 41,000 |
| Hampton, Virginia | 41 | $ 2,882,000 | $ 70,292 | $ 56,000 |
| James City, Virginia | 41 | $ 3,478,000 | $ 84,829 | $ 60,000 |
| Poquoson, Virginia | 40 | $ 2,820,000 | $ 70,500 | $ 52,000 |
| Surry, Virginia | 30 | $ 1,677,000 | $ 55,900 | $ 44,000 |
| Southampton, Virginia | 23 | $ 1,388,000 | $ 60,347 | $ 42,000 |
| Northampton, Virginia | 20 | $ 1,183,000 | $ 59,150 | $ 35,000 |
| Gates, North Carolina | 11 | $ 763,000 | $ 69,363 | $ 49,000 |
| Greensville, Virginia | 9 | $ 531,000 | $ 59,000 | $ 41,000 |
| Mathews, Virginia | 7 | $ 405,000 | $ 57,857 | $ 44,000 |
| Dare, North Carolina | 6 | $ 731,000 | $ 121,833 | $ 101,000 |
| Franklin City, Virginia | 6 | $ 272,000 | $ 45,333 | $ 28,000 |
| Lancaster, Virginia | 6 | $ 316,000 | $ 52,666 | $ 40,000 |
| Williamsburg, Virginia | 5 | $ 780,000 | $ 156,000 | $ 71,000 |
| Currituck, North Carolina | 4 | $ 452,000 | $ 113,000 | $ 87,000 |
| King and Queen, Virginia | 4 | $ 191,000 | $ 47,750 | $ 42,000 |
| New Kent, Virginia | 4 | $ 294,000 | $ 73,500 | $ 48,000 |
| Charles City, Virginia | 3 | $ 313,000 | $ 104,333 | $ 173,000 |
| Northampton, North Carolina | 2 | $ 69,000 | $ 34,500 | $ 41,000 |
| Petersburg, Virginia | 2 | $ 93,000 | $ 46,500 | $ 81,000 |
| Perquimans, North Carolina | 1 | $ 61,000 | $ 61,000 | $ 50,000 |
| Brunswick, Virginia | 1 | $ 25,000 | $ 25,000 | $ 127,000 |
| Emporia, Virginia | 1 | $ 25,000 | $ 25,000 | $ 60,000 |
| Essex, Virginia | 1 | $ 95,000 | $ 95,000 | $ 54,000 |
| Henrico, Virginia | 1 | $ 195,000 | $ 195,000 | $ 84,000 |
| King William, Virginia | 1 | $ 94,000 | $ 94,000 | $ 99,000 |
| Prince George, Virginia | 1 | $ 90,000 | $ 90,000 | $ 43,000 |
| Spotsylvania, Virginia | 1 | $ 24,000 | $ 24,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for First VA Bank-Hampton Roads in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 1,270 | $99,506,000 | $89,000 | $371,000 | $66,000 | $333,000 |
| Home Improvement (one-to-four family) | 184 | $4,607,000 | $28,000 | $100,000 | $52,500 | $422,000 |
| Home Purchase (one-to-four family) | 58 | $3,831,000 | $51,500 | $268,000 | $42,000 | $144,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 1,075 | $79,219,000 | $77,000 | $371,000 | $66,000 | $422,000 |
| Black | 314 | $18,587,000 | $49,500 | $297,000 | $30,500 | $320,000 |
| Asian or Pacific Islander | 46 | $4,570,000 | $70,500 | $255,000 | $50,500 | $238,000 |
| Information not provided by applicant in mail or telephone application | 41 | $3,112,000 | $131,500 | $276,000 | $80,000 | $142,000 |
| Other | 12 | $578,000 | $48,000 | $77,000 | $53,000 | $96,000 |
| Not applicable | 10 | $566,000 | $56,000 | $122,000 | $55,000 | $147,000 |
| Hispanic | 8 | $552,000 | $69,000 | $120,000 | $47,000 | $105,000 |
| American Indian or Alaskan Native | 6 | $760,000 | $126,000 | $263,000 | $95,000 | $239,000 |
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) | 1,484 | $107,608,000 | $79,000 | $371,000 | $61,500 | $422,000 |
| FHA-insured (Federal Housing Administration) | 28 | $336,000 | $12,000 | $25,000 | $56,000 | $150,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 971 | $69,750,000 | $72,500 | $371,000 | $62,000 | $422,000 |
| Application Denied By Financial Institution | 363 | $24,882,000 | $92,500 | $290,000 | $53,500 | $235,000 |
| Application Approved But Not Accepted | 94 | $6,861,000 | $76,000 | $225,000 | $94,000 | $333,000 |
| Application Withdrawn By Applicant | 79 | $5,943,000 | $91,000 | $297,000 | $79,000 | $320,000 |
| File Closed For Incompleteness | 5 | $508,000 | $101,000 | $174,000 | $71,000 | $265,000 |
| Loan Purchased By The 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 | 152 | $10,502,000 | $69,500 | $290,000 | $41,500 | $224,000 |
| Credit History | 131 | $8,671,000 | $111,000 | $276,000 | $55,000 | $235,000 |
| Collateral | 53 | $4,072,000 | $105,000 | $200,000 | $77,500 | $164,000 |
| Other | 19 | $1,153,000 | $60,000 | $150,000 | $43,000 | $91,000 |
| Unverifiable Information | 6 | $348,000 | $58,000 | $100,000 | $40,000 | $57,000 |
| Credit Application Incomplete | 1 | $64,000 | $64,000 | $64,000 | $24,000 | $24,000 |
| Employment History | 1 | $72,000 | $72,000 | $72,000 | $38,000 | $38,000 |
| 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 VA Bank-Hampton Roads's 2003 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 VA Bank-Hampton Roads'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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