Gateway Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Gateway Bank & Trust of Elizabeth City, NC reported 320 mortgage applications totaling $88.9 million, up 81% from 2006. The average application was for $277,812, and applicants reported an average income of $126,290. 62% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (56), Richmond, VA (54) and Raleigh-Cary, NC (28) (applications in parentheses).
| Mortgage Company & Address | Gateway Bank & Trust 112 Corporate Dr Elizabeth City, NC 27909 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 320 |
| Total Mortgage Loan Application Amount | $88,900,000 |
| Average Mortgage Loan Application Amount | $277,812 |
| Highest Mortgage Loan Application Amount | $3,875,000 |
| Average Applicant Income | $126,290 |
| Highest Applicant Income | $4,053,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gateway Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Virginia Beach-Norfolk-Newport News, VA-NC | 56 | $ 15,212,000 | $ 271,642 | $ 255,267 |
| Richmond, VA | 54 | $ 11,076,000 | $ 205,111 | $ 50,000 |
| Raleigh-Cary, NC | 28 | $ 11,964,000 | $ 427,285 | $ 193,000 |
| Charlottesville, VA | 10 | $ 3,296,000 | $ 329,600 | $ 180,000 |
| Wilmington, NC | 8 | $ 7,006,000 | $ 875,750 | $ 423,000 |
| Durham, NC | 6 | $ 2,447,000 | $ 407,833 | $ 121,000 |
| Greenville, NC | 5 | $ 5,606,000 | $ 1,121,200 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 5 | $ 3,032,000 | $ 606,400 | $ 107,000 |
| Rocky Mount, NC | 4 | $ 202,000 | $ 50,500 | $ 72,000 |
| Charleston-North Charleston, SC | 3 | $ 1,635,000 | $ 545,000 | $ 0 |
| Baltimore-Towson, MD | 1 | $ 12,000 | $ 12,000 | $ 114,000 |
| Camden, NJ | 1 | $ 205,000 | $ 205,000 | $ 35,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 14,000 | $ 14,000 | $ 385,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 139,000 | $ 139,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Gateway Bank & Trust in 2007
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 | 129 | $49,801,000 | $386,000 | $3,875,000 | $155,000 | $3,835,000 |
| Home Purchase | 127 | $36,159,000 | $284,000 | $3,020,000 | $126,000 | $4,053,000 |
| Home Improvement | 64 | $2,940,000 | $45,000 | $417,000 | $69,000 | $326,000 |
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 | 159 | $43,104,000 | $271,000 | $3,020,000 | $175,000 | $4,053,000 |
| Not applicable | 89 | $32,445,000 | $364,000 | $3,875,000 | $5,000 | $199,000 |
| Not Provided | 34 | $6,725,000 | $197,000 | $730,000 | $122,000 | $1,775,000 |
| Black or African American | 32 | $3,935,000 | $122,000 | $1,024,000 | $116,000 | $960,000 |
| Asian | 4 | $2,218,000 | $554,000 | $1,375,000 | $1,048,000 | $3,835,000 |
| Hispanic | 2 | $473,000 | $236,000 | $303,000 | $97,000 | $123,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 320 | $88,900,000 | $277,000 | $3,875,000 | $126,000 | $4,053,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 197 | $49,468,000 | $251,000 | $3,875,000 | $118,000 | $4,053,000 |
| Loan Purchased By The Institution | 39 | $27,357,000 | $701,000 | $2,650,000 | $313,000 | $1,668,000 |
| Application Denied By Financial Institution | 37 | $3,418,000 | $92,000 | $392,000 | $54,000 | $171,000 |
| Application Withdrawn By Applicant | 29 | $5,568,000 | $192,000 | $730,000 | $58,000 | $251,000 |
| Application Approved But Not Accepted | 10 | $1,190,000 | $119,000 | $345,000 | $57,000 | $130,000 |
| File Closed For Incompleteness | 8 | $1,899,000 | $237,000 | $400,000 | $98,000 | $186,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Gateway Bank & Trust's 2007 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 Gateway 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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About