Fulton Bank Mortgage Lending & HMDA Data, 2005
In 2005, Fulton Bank of Lancaster, PA reported 4,978 mortgage applications totaling $443.9 million, down 8% from 2004. The average application was for $89,169, and applicants reported an average income of $62,990. 85% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Lancaster, PA (1,896), York-Hanover, PA (1,173) and Reading, PA (780) (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 | 4,978 |
| Total Mortgage Loan Application Amount | $443,885,000 |
| Average Mortgage Loan Application Amount | $89,169 |
| Highest Mortgage Loan Application Amount | $2,525,000 |
| Average Applicant Income | $62,990 |
| Highest Applicant Income | $1,971,000 |
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Act (HMDA) records Fulton Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lancaster, Pennsylvania | 1,896 | $ 143,334,000 | $ 75,598 | $ 52,000 |
| York, Pennsylvania | 1,173 | $ 105,649,000 | $ 90,067 | $ 62,000 |
| Berks, Pennsylvania | 780 | $ 70,801,000 | $ 90,770 | $ 61,000 |
| Dauphin, Pennsylvania | 334 | $ 27,556,000 | $ 82,502 | $ 68,000 |
| Chester, Pennsylvania | 173 | $ 18,932,000 | $ 109,433 | $ 55,000 |
| Cumberland, Pennsylvania | 114 | $ 11,850,000 | $ 103,947 | $ 74,000 |
| Lebanon, Pennsylvania | 103 | $ 12,145,000 | $ 117,912 | $ 58,000 |
| Montgomery, Pennsylvania | 27 | $ 3,469,000 | $ 128,481 | $ 92,000 |
| Adams, Pennsylvania | 26 | $ 2,854,000 | $ 109,769 | $ 66,000 |
| Delaware, Pennsylvania | 25 | $ 2,784,000 | $ 111,360 | $ 73,000 |
| Mifflin, Pennsylvania | 25 | $ 1,907,000 | $ 76,280 | $ 53,000 |
| Schuylkill, Pennsylvania | 20 | $ 2,000,000 | $ 100,000 | $ 60,000 |
| Juniata, Pennsylvania | 18 | $ 2,183,000 | $ 121,277 | $ 66,000 |
| Perry, Pennsylvania | 18 | $ 1,980,000 | $ 110,000 | $ 49,000 |
| Franklin, Pennsylvania | 12 | $ 2,019,000 | $ 168,250 | $ 67,000 |
| Philadelphia, Pennsylvania | 9 | $ 757,000 | $ 84,111 | $ 72,000 |
| Sussex, Delaware | 8 | $ 1,999,000 | $ 249,875 | $ 140,000 |
| Lehigh, Pennsylvania | 7 | $ 802,000 | $ 114,571 | $ 43,000 |
| Cape May, New Jersey | 6 | $ 3,597,000 | $ 599,500 | $ 246,000 |
| New Castle, Delaware | 4 | $ 444,000 | $ 111,000 | $ 31,000 |
| Washington, Maryland | 4 | $ 529,000 | $ 132,250 | $ 81,000 |
| Huntingdon, Pennsylvania | 4 | $ 264,000 | $ 66,000 | $ 91,000 |
| Baltimore, Maryland | 3 | $ 297,000 | $ 99,000 | $ 63,000 |
| Centre, Pennsylvania | 3 | $ 1,227,000 | $ 409,000 | $ 49,000 |
| Northumberland, Pennsylvania | 3 | $ 129,000 | $ 43,000 | $ 40,000 |
| Snyder, Pennsylvania | 3 | $ 326,000 | $ 108,666 | $ 40,000 |
| Union, Pennsylvania | 3 | $ 543,000 | $ 181,000 | $ 156,000 |
| Cecil, Maryland | 2 | $ 263,000 | $ 131,500 | $ 97,000 |
| Worcester, Maryland | 2 | $ 568,000 | $ 284,000 | $ 226,000 |
| Cumberland, New Jersey | 2 | $ 214,000 | $ 107,000 | $ 77,000 |
| Bucks, Pennsylvania | 2 | $ 277,000 | $ 138,500 | $ 87,000 |
| Carbon, Pennsylvania | 2 | $ 225,000 | $ 112,500 | $ 197,000 |
| Clearfield, Pennsylvania | 2 | $ 124,000 | $ 62,000 | $ 60,000 |
| Columbia, Pennsylvania | 2 | $ 415,000 | $ 207,500 | $ 77,000 |
| Potter, Pennsylvania | 2 | $ 278,000 | $ 139,000 | $ 226,000 |
| Westmoreland, Pennsylvania | 2 | $ 55,000 | $ 27,500 | $ 33,000 |
| Baltimore City, Maryland | 1 | $ 235,000 | $ 235,000 | $ 70,000 |
| Carroll, Maryland | 1 | $ 70,000 | $ 70,000 | $ 94,000 |
| Garrett, Maryland | 1 | $ 1,162,000 | $ 1,162,000 | $ 1,971,000 |
| Queen Anne's, Maryland | 1 | $ 210,000 | $ 210,000 | $ 51,000 |
| Atlantic, New Jersey | 1 | $ 640,000 | $ 640,000 | $ 251,000 |
| Burlington, New Jersey | 1 | $ 288,000 | $ 288,000 | $ 161,000 |
| Gloucester, New Jersey | 1 | $ 153,000 | $ 153,000 | $ 49,000 |
| Chautauqua, New York | 1 | $ 200,000 | $ 200,000 | $ 147,000 |
| Oswego, New York | 1 | $ 10,000 | $ 10,000 | $ 30,000 |
| Clinton, Pennsylvania | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Monroe, Pennsylvania | 1 | $ 172,000 | $ 172,000 | $ 81,000 |
| Northampton, Pennsylvania | 1 | $ 88,000 | $ 88,000 | $ 35,000 |
| Sullivan, Pennsylvania | 1 | $ 188,000 | $ 188,000 | $ 532,000 |
| Tioga, Pennsylvania | 1 | $ 125,000 | $ 125,000 | $ 98,000 |
| Georgetown, South Carolina | 1 | $ 100,000 | $ 100,000 | $ 983,000 |
Mortgage Loan Application Detail Totals for Fulton Bank in 2005
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 | 1,886 | $238,787,000 | $198,166 | $2,525,000 | $249,500 | $1,049,000 |
| Refinancing | 1,710 | $161,134,000 | $414,500 | $1,600,000 | $259,500 | $1,971,000 |
| Home Improvement | 1,382 | $43,964,000 | $129,250 | $850,000 | $113,000 | $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 | 4,321 | $392,569,000 | $200,142 | $1,600,000 | $256,000 | $1,971,000 |
| Not Provided | 233 | $13,231,000 | $59,000 | $889,000 | $49,500 | $416,000 |
| Hispanic | 197 | $11,216,000 | $60,500 | $334,000 | $35,500 | $182,000 |
| Black or African American | 79 | $7,701,000 | $90,333 | $688,000 | $52,000 | $250,000 |
| Not applicable | 74 | $11,556,000 | $156,000 | $2,525,000 | $0 | $70,000 |
| Asian | 66 | $6,376,000 | $106,000 | $558,000 | $57,000 | $400,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $834,000 | $166,000 | $560,000 | $51,000 | $100,000 |
| American Indian or Alaskan Native | 3 | $402,000 | $134,000 | $287,000 | $39,000 | $65,000 |
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) | 4,809 | $425,318,000 | $190,000 | $2,525,000 | $250,571 | $1,971,000 |
| FHA-insured (Federal Housing Administration) | 112 | $11,154,000 | $115,666 | $193,000 | $40,333 | $406,000 |
| VA-guaranteed (Veterans Administration) | 44 | $6,365,000 | $149,250 | $350,000 | $70,250 | $147,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $1,048,000 | $80,000 | $138,000 | $32,000 | $53,000 |
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 | 4,210 | $379,789,000 | $230,800 | $2,525,000 | $159,800 | $1,971,000 |
| Application Denied By Financial Institution | 338 | $18,486,000 | $42,500 | $426,000 | $50,750 | $229,000 |
| Application Approved But Not Accepted | 157 | $15,648,000 | $99,500 | $390,000 | $522,500 | $983,000 |
| Preapproval Denied by Financial Institution | 143 | $17,427,000 | $121,000 | $889,000 | $50,000 | $350,000 |
| Application Withdrawn By Applicant | 129 | $12,525,000 | $310,000 | $1,388,000 | $89,000 | $540,000 |
| File Closed For Incompleteness | 1 | $10,000 | $10,000 | $10,000 | $20,000 | $20,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 260 | $15,656,000 | $73,000 | $435,000 | $40,333 | $217,000 |
| Debt-To-Income Ratio | 143 | $11,881,000 | $88,666 | $360,000 | $58,333 | $216,000 |
| Collateral | 29 | $3,603,000 | $130,000 | $426,000 | $54,000 | $229,000 |
| Other | 23 | $1,624,000 | $85,250 | $300,000 | $71,500 | $185,000 |
| Credit Application Incomplete | 12 | $1,745,000 | $483,000 | $889,000 | $202,000 | $350,000 |
| Employment History | 11 | $1,237,000 | $114,500 | $250,000 | $51,000 | $103,000 |
| Unverifiable Information | 2 | $101,000 | $50,500 | $76,000 | $25,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $66,000 | $66,000 | $66,000 | $51,000 | $51,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fulton Bank's 2005 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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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