Fulton Bank Mortgage Lending & HMDA Data, 2008

In 2008, Fulton Bank of Lancaster, PA reported 5,971 mortgage applications totaling $979.1 million, up 12% from 2007. The average application was for $163,969, and applicants reported an average income of $79,015. 72% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Lancaster, PA (1,101), York-Hanover, PA (815) and Virginia Beach-Norfolk-Newport News, VA-NC (803) (applications in parentheses).

Mortgage Company & Address Fulton Bank
Po Box 4887
Lancaster, PA 17604
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 5,971
Total Mortgage Loan Application Amount $979,064,000
Average Mortgage Loan Application Amount $163,969
Highest Mortgage Loan Application Amount $4,740,000
Average Applicant Income $79,015
Highest Applicant Income $3,197,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fulton Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Fulton Bank by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Lancaster, Pennsylvania 1,101 $ 138,743,000 $ 126,015 $ 70,000
York, Pennsylvania 815 $ 110,955,000 $ 136,141 $ 80,000
Berks, Pennsylvania 546 $ 70,192,000 $ 128,556 $ 76,000
Lebanon, Pennsylvania 497 $ 48,798,000 $ 98,185 $ 67,000
Virginia Beach, Virginia 244 $ 55,938,000 $ 229,254 $ 93,000
Dauphin, Pennsylvania 201 $ 20,994,000 $ 104,447 $ 74,000
Chesapeake, Virginia 140 $ 29,754,000 $ 212,528 $ 75,000
Chesterfield, Virginia 135 $ 30,133,000 $ 223,207 $ 89,000
Henrico, Virginia 112 $ 22,061,000 $ 196,973 $ 83,000
Schuylkill, Pennsylvania 111 $ 9,135,000 $ 82,297 $ 63,000
Chester, Pennsylvania 104 $ 17,818,000 $ 171,326 $ 109,000
Richmond City, Virginia 92 $ 18,363,000 $ 199,597 $ 112,000
Norfolk, Virginia 88 $ 15,321,000 $ 174,102 $ 66,000
Newport News, Virginia 81 $ 13,558,000 $ 167,382 $ 78,000
Cumberland, Pennsylvania 69 $ 10,947,000 $ 158,652 $ 90,000
Hampton, Virginia 68 $ 16,359,000 $ 240,573 $ 76,000
Bucks, Pennsylvania 54 $ 13,744,000 $ 254,518 $ 107,000
Hanover, Virginia 54 $ 16,219,000 $ 300,351 $ 108,000
Montgomery, Pennsylvania 47 $ 8,901,000 $ 189,382 $ 81,000
Clay, Florida 43 $ 7,027,000 $ 163,418 $ 64,000
James City, Virginia 40 $ 15,084,000 $ 377,100 $ 164,000
Prince George's, Maryland 37 $ 26,380,000 $ 712,972 $ 174,000
Suffolk, Virginia 36 $ 8,012,000 $ 222,555 $ 79,000
Northumberland, Pennsylvania 34 $ 2,565,000 $ 75,441 $ 42,000
Portsmouth, Virginia 34 $ 4,557,000 $ 134,029 $ 51,000
St. Lucie, Florida 32 $ 4,749,000 $ 148,406 $ 74,000
Mifflin, Pennsylvania 32 $ 2,595,000 $ 81,093 $ 44,000
Baltimore, Maryland 29 $ 6,047,000 $ 208,517 $ 67,000
Dinwiddie, Virginia 28 $ 8,310,000 $ 296,785 $ 84,000
York, Virginia 28 $ 6,694,000 $ 239,071 $ 95,000
Fairfax, Virginia 27 $ 12,280,000 $ 454,814 $ 165,000
Delaware, Pennsylvania 26 $ 4,432,000 $ 170,461 $ 88,000
Duval, Florida 25 $ 4,006,000 $ 160,240 $ 61,000
Philadelphia, Pennsylvania 25 $ 4,344,000 $ 173,760 $ 86,000
Harford, Maryland 24 $ 5,401,000 $ 225,041 $ 81,000
Dare, North Carolina 21 $ 10,013,000 $ 476,809 $ 185,000
Columbia, Pennsylvania 20 $ 1,989,000 $ 99,450 $ 40,000
Adams, Pennsylvania 19 $ 2,905,000 $ 152,894 $ 54,000
Sussex, Delaware 16 $ 6,876,000 $ 429,750 $ 292,000
Perry, Pennsylvania 15 $ 1,278,000 $ 85,200 $ 67,000
Hopewell, Virginia 15 $ 2,206,000 $ 147,066 $ 68,000
Prince George, Virginia 15 $ 3,085,000 $ 205,666 $ 78,000
Baltimore City, Maryland 13 $ 2,211,000 $ 170,076 $ 60,000
Lycoming, Pennsylvania 13 $ 1,194,000 $ 91,846 $ 63,000
Loudoun, Virginia 13 $ 5,487,000 $ 422,076 $ 113,000
New Kent, Virginia 13 $ 3,765,000 $ 289,615 $ 132,000
Currituck, North Carolina 12 $ 3,911,000 $ 325,916 $ 144,000
Poquoson, Virginia 12 $ 2,797,000 $ 233,083 $ 77,000
Montgomery, Maryland 11 $ 10,877,000 $ 988,818 $ 379,000
Juniata, Pennsylvania 11 $ 1,222,000 $ 111,090 $ 45,000
Montour, Pennsylvania 11 $ 1,868,000 $ 169,818 $ 64,000
Petersburg, Virginia 11 $ 1,357,000 $ 123,363 $ 57,000
Snyder, Pennsylvania 10 $ 1,022,000 $ 102,200 $ 48,000
Cape May, New Jersey 9 $ 3,930,000 $ 436,666 $ 227,000
Gloucester, Virginia 9 $ 1,923,000 $ 213,666 $ 72,000
Isle of Wight, Virginia 9 $ 2,061,000 $ 229,000 $ 72,000
Greenville, South Carolina 8 $ 512,000 $ 64,000 $ 0
Colonial Heights, Virginia 8 $ 1,305,000 $ 163,125 $ 92,000
Anne Arundel, Maryland 7 $ 4,771,000 $ 681,571 $ 99,000
Centre, Pennsylvania 7 $ 1,142,000 $ 163,142 $ 70,000
Goochland, Virginia 7 $ 1,695,000 $ 242,142 $ 109,000
Prince William, Virginia 7 $ 2,086,000 $ 298,000 $ 170,000
District of Columbia, District Of Columbia 6 $ 2,422,000 $ 403,666 $ 98,000
Cecil, Maryland 6 $ 1,286,000 $ 214,333 $ 42,000
Southampton, Virginia 6 $ 1,540,000 $ 256,666 $ 80,000
Northampton, Pennsylvania 5 $ 699,000 $ 139,800 $ 49,000
Broward, Florida 4 $ 857,000 $ 214,250 $ 59,000
Worcester, Maryland 4 $ 952,000 $ 238,000 $ 123,000
Lehigh, Pennsylvania 4 $ 504,000 $ 126,000 $ 85,000
Monroe, Pennsylvania 4 $ 1,096,000 $ 274,000 $ 125,000
Spartanburg, South Carolina 4 $ 321,000 $ 80,250 $ 0
King William, Virginia 4 $ 832,000 $ 208,000 $ 59,000
Miami-Dade, Florida 3 $ 1,460,000 $ 486,666 $ 289,000
Osceola, Florida 3 $ 1,137,000 $ 379,000 $ 196,000
Howard, Maryland 3 $ 2,026,000 $ 675,333 $ 176,000
Camden, New Jersey 3 $ 577,000 $ 192,333 $ 112,000
Mecklenburg, North Carolina 3 $ 523,000 $ 174,333 $ 48,000
Bedford, Pennsylvania 3 $ 398,000 $ 132,666 $ 74,000
Huntingdon, Pennsylvania 3 $ 396,000 $ 132,000 $ 77,000
Cumberland, Virginia 3 $ 385,000 $ 128,333 $ 38,000
Middlesex, Virginia 3 $ 1,110,000 $ 370,000 $ 119,000
Northampton, Virginia 3 $ 740,000 $ 246,666 $ 146,000
New Castle, Delaware 2 $ 502,000 $ 251,000 $ 72,000
Collier, Florida 2 $ 513,000 $ 256,500 $ 170,000
Putnam, Florida 2 $ 384,000 $ 192,000 $ 68,000
St. Johns, Florida 2 $ 470,000 $ 235,000 $ 62,000
Carroll, Maryland 2 $ 423,000 $ 211,500 $ 92,000
Charles, Maryland 2 $ 751,000 $ 375,500 $ 116,000
Frederick, Maryland 2 $ 526,000 $ 263,000 $ 83,000
Washington, Maryland 2 $ 438,000 $ 219,000 $ 51,000
Atlantic, New Jersey 2 $ 728,000 $ 364,000 $ 349,000
Camden, North Carolina 2 $ 642,000 $ 321,000 $ 594,000
Guilford, North Carolina 2 $ 408,000 $ 204,000 $ 65,000
Iredell, North Carolina 2 $ 294,000 $ 147,000 $ 28,000
Clinton, Pennsylvania 2 $ 106,000 $ 53,000 $ 46,000
Luzerne, Pennsylvania 2 $ 144,000 $ 72,000 $ 33,000
Bedford, Virginia 2 $ 386,000 $ 193,000 $ 86,000
Brunswick, Virginia 2 $ 86,000 $ 43,000 $ 35,000
Caroline, Virginia 2 $ 503,000 $ 251,500 $ 101,000
Charles City, Virginia 2 $ 405,000 $ 202,500 $ 79,000
Louisa, Virginia 2 $ 399,000 $ 199,500 $ 66,000
Manassas, Virginia 2 $ 153,000 $ 76,500 $ 87,000
Powhatan, Virginia 2 $ 1,139,000 $ 569,500 $ 142,000
Richmond, Virginia 2 $ 483,000 $ 241,500 $ 42,000
Roanoke, Virginia 2 $ 628,000 $ 314,000 $ 121,000
Smyth, Virginia 2 $ 205,000 $ 102,500 $ 74,000
Sussex, Virginia 2 $ 272,000 $ 136,000 $ 77,000
Siskiyou, California 1 $ 417,000 $ 417,000 $ 144,000
Kent, Delaware 1 $ 188,000 $ 188,000 $ 50,000
Flagler, Florida 1 $ 183,000 $ 183,000 $ 71,000
Marion, Florida 1 $ 790,000 $ 790,000 $ 231,000
Pinellas, Florida 1 $ 732,000 $ 732,000 $ 667,000
Polk, Florida 1 $ 74,000 $ 74,000 $ 117,000
Seminole, Florida 1 $ 468,000 $ 468,000 $ 0
Sumter, Florida 1 $ 175,000 $ 175,000 $ 221,000
Dorchester, Maryland 1 $ 130,000 $ 130,000 $ 41,000
St. Mary's, Maryland 1 $ 346,000 $ 346,000 $ 101,000
Merrimack, New Hampshire 1 $ 192,000 $ 192,000 $ 33,000
Middlesex, New Jersey 1 $ 312,000 $ 312,000 $ 0
Morris, New Jersey 1 $ 275,000 $ 275,000 $ 119,000
Ocean, New Jersey 1 $ 225,000 $ 225,000 $ 0
Oswego, New York 1 $ 2,000 $ 2,000 $ 21,000
Carteret, North Carolina 1 $ 173,000 $ 173,000 $ 44,000
Cumberland, North Carolina 1 $ 563,000 $ 563,000 $ 192,000
Forsyth, North Carolina 1 $ 111,000 $ 111,000 $ 124,000
Gates, North Carolina 1 $ 168,000 $ 168,000 $ 114,000
Hertford, North Carolina 1 $ 229,000 $ 229,000 $ 113,000
Hyde, North Carolina 1 $ 165,000 $ 165,000 $ 114,000
New Hanover, North Carolina 1 $ 338,000 $ 338,000 $ 114,000
Northampton, North Carolina 1 $ 395,000 $ 395,000 $ 267,000
Perquimans, North Carolina 1 $ 261,000 $ 261,000 $ 104,000
Randolph, North Carolina 1 $ 366,000 $ 366,000 $ 147,000
Tyrrell, North Carolina 1 $ 215,000 $ 215,000 $ 78,000
Wake, North Carolina 1 $ 2,720,000 $ 2,720,000 $ 746,000
Allegheny, Pennsylvania 1 $ 144,000 $ 144,000 $ 226,000
Blair, Pennsylvania 1 $ 132,000 $ 132,000 $ 43,000
Cambria, Pennsylvania 1 $ 125,000 $ 125,000 $ 67,000
Carbon, Pennsylvania 1 $ 255,000 $ 255,000 $ 188,000
Franklin, Pennsylvania 1 $ 160,000 $ 160,000 $ 89,000
Potter, Pennsylvania 1 $ 43,000 $ 43,000 $ 72,000
Vega Baja, Puerto Rico 1 $ 5,000 $ 5,000 $ 11,000
Newberry, South Carolina 1 $ 304,000 $ 304,000 $ 200,000
Amelia, Virginia 1 $ 209,000 $ 209,000 $ 55,000
Arlington, Virginia 1 $ 730,000 $ 730,000 $ 211,000
Charlottesville, Virginia 1 $ 340,000 $ 340,000 $ 0
Culpeper, Virginia 1 $ 265,000 $ 265,000 $ 69,000
Essex, Virginia 1 $ 100,000 $ 100,000 $ 36,000
Falls Church, Virginia 1 $ 330,000 $ 330,000 $ 49,000
Fauquier, Virginia 1 $ 235,000 $ 235,000 $ 80,000
Franklin, Virginia 1 $ 360,000 $ 360,000 $ 135,000
Franklin City, Virginia 1 $ 158,000 $ 158,000 $ 29,000
Frederick, Virginia 1 $ 258,000 $ 258,000 $ 179,000
Fredericksburg, Virginia 1 $ 417,000 $ 417,000 $ 110,000
King and Queen, Virginia 1 $ 120,000 $ 120,000 $ 44,000
King George, Virginia 1 $ 280,000 $ 280,000 $ 39,000
Lynchburg, Virginia 1 $ 110,000 $ 110,000 $ 60,000
Montgomery, Virginia 1 $ 160,000 $ 160,000 $ 36,000
Nelson, Virginia 1 $ 417,000 $ 417,000 $ 391,000
Nottoway, Virginia 1 $ 247,000 $ 247,000 $ 76,000
Prince Edward, Virginia 1 $ 182,000 $ 182,000 $ 63,000
Shenandoah, Virginia 1 $ 200,000 $ 200,000 $ 158,000
Spotsylvania, Virginia 1 $ 328,000 $ 328,000 $ 137,000
Surry, Virginia 1 $ 194,000 $ 194,000 $ 66,000
Westmoreland, Virginia 1 $ 263,000 $ 263,000 $ 172,000
Williamsburg, Virginia 1 $ 147,000 $ 147,000 $ 52,000
Wythe, Virginia 1 $ 169,000 $ 169,000 $ 48,000
Adams, Washington 1 $ 125,000 $ 125,000 $ 14,000
Jefferson, West Virginia 1 $ 158,000 $ 158,000 $ 0

Mortgage Loan Application Detail Totals for Fulton Bank 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 3,107 $578,178,000 $186,000 $4,740,000 $80,000 $3,197,000
Refinancing 1,901 $332,743,000 $175,000 $1,950,000 $84,000 $1,538,000
Home Improvement 963 $68,143,000 $70,000 $1,690,000 $66,000 $1,000,000

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 4,372 $664,102,000 $151,000 $3,370,000 $81,000 $3,197,000
Not Provided 677 $124,144,000 $183,000 $2,344,000 $97,000 $2,441,000
Black or African American 472 $115,308,000 $244,000 $2,720,000 $74,000 $746,000
Hispanic 252 $28,681,000 $113,000 $556,000 $50,000 $237,000
Not applicable 106 $33,127,000 $312,000 $4,740,000 $0 $0
Asian 72 $11,206,000 $155,000 $665,000 $68,000 $212,000
American Indian or Alaskan Native 11 $1,312,000 $119,000 $277,000 $42,000 $97,000
Native Hawaiian or Other Pacific Islander 9 $1,184,000 $131,000 $417,000 $52,000 $114,000

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) 4,644 $749,343,000 $161,000 $4,740,000 $86,000 $3,197,000
FHA-insured (Federal Housing Administration) 972 $159,538,000 $164,000 $571,000 $56,000 $310,000
VA-guaranteed (Veterans Administration) 290 $64,688,000 $223,000 $633,000 $64,000 $266,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 65 $5,495,000 $84,000 $180,000 $35,000 $56,000

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 4,311 $703,783,000 $163,000 $4,740,000 $83,000 $3,197,000
Application Denied By Financial Institution 570 $79,455,000 $139,000 $1,700,000 $58,000 $560,000
Application Withdrawn By Applicant 495 $105,225,000 $212,000 $2,344,000 $94,000 $2,441,000
Preapproval Denied by Financial Institution 401 $57,023,000 $142,000 $639,000 $50,000 $318,000
Application Approved But Not Accepted 167 $30,496,000 $182,000 $2,720,000 $84,000 $746,000
Loan Purchased By The Institution 19 $2,424,000 $127,000 $468,000 $0 $0
File Closed For Incompleteness 8 $658,000 $82,000 $277,000 $54,000 $78,000
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
Credit History 437 $46,133,000 $105,000 $612,000 $53,000 $318,000
Debt-To-Income Ratio 381 $66,946,000 $175,000 $1,700,000 $52,000 $311,000
Collateral 58 $9,316,000 $160,000 $612,000 $64,000 $197,000
Other 35 $4,666,000 $133,000 $440,000 $80,000 $560,000
Employment History 22 $2,926,000 $133,000 $364,000 $54,000 $154,000
Credit Application Incomplete 17 $3,315,000 $195,000 $520,000 $62,000 $190,000
Unverifiable Information 12 $1,496,000 $124,000 $240,000 $44,000 $92,000
Mortgage Insurance Denied 5 $1,088,000 $217,000 $378,000 $95,000 $188,000
Insufficient Cash (Downpayment, Closing Cost) 4 $592,000 $148,000 $256,000 $64,000 $103,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Fulton Bank'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 Fulton Bank'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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