High Point Bank B&Tc Mortgage Lending & HMDA Data, 2003
In 2003, High Point Bank B&Tc of High Point, NC reported 454 mortgage applications totaling $51.4 million. The average application was for $113,251, and applicants reported an average income of $96,508. 97% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Greensboro--Winston-Salem--High Point, NC (433), Wilmington, NC (4) and Myrtle Beach, SC (2) (applications in parentheses).
| Mortgage Company & Address | High Point Bank B&Tc 1300 E. Hartley Dr. High Point, NC 27262 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 454 |
| Total Mortgage Loan Application Amount | $51,416,000 |
| Average Mortgage Loan Application Amount | $113,251 |
| Highest Mortgage Loan Application Amount | $950,000 |
| Average Applicant Income | $96,508 |
| Highest Applicant Income | $746,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records High Point Bank B&Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Guilford, North Carolina | 305 | $ 30,885,000 | $ 101,262 | $ 58,000 |
| Davidson, North Carolina | 65 | $ 10,576,000 | $ 162,707 | $ 85,000 |
| Randolph, North Carolina | 55 | $ 5,764,000 | $ 104,800 | $ 54,000 |
| Forsyth, North Carolina | 7 | $ 778,000 | $ 111,142 | $ 55,000 |
| Carteret, North Carolina | 3 | $ 315,000 | $ 105,000 | $ 197,000 |
| New Hanover, North Carolina | 3 | $ 214,000 | $ 71,333 | $ 196,000 |
| Rockingham, North Carolina | 2 | $ 463,000 | $ 231,500 | $ 96,000 |
| Wake, North Carolina | 2 | $ 755,000 | $ 377,500 | $ 243,000 |
| Horry, South Carolina | 2 | $ 245,000 | $ 122,500 | $ 84,000 |
| Alamance, North Carolina | 1 | $ 45,000 | $ 45,000 | $ 115,000 |
| Avery, North Carolina | 1 | $ 400,000 | $ 400,000 | $ 500,000 |
| Brunswick, North Carolina | 1 | $ 18,000 | $ 18,000 | $ 110,000 |
| Catawba, North Carolina | 1 | $ 43,000 | $ 43,000 | $ 191,000 |
| Dare, North Carolina | 1 | $ 320,000 | $ 320,000 | $ 150,000 |
| Montgomery, North Carolina | 1 | $ 50,000 | $ 50,000 | $ 85,000 |
| Pitt, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 53,000 |
| Surry, North Carolina | 1 | $ 45,000 | $ 45,000 | $ 230,000 |
| Transylvania, North Carolina | 1 | $ 95,000 | $ 95,000 | $ 107,000 |
| Union, North Carolina | 1 | $ 240,000 | $ 240,000 | $ 121,000 |
Mortgage Loan Application Detail Totals for High Point Bank B&Tc 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) | 194 | $27,540,000 | $141,000 | $601,000 | $70,000 | $746,000 |
| Home Purchase (one-to-four family) | 175 | $21,758,000 | $123,000 | $950,000 | $109,000 | $500,000 |
| Home Improvement (one-to-four family) | 85 | $2,118,000 | $24,000 | $228,000 | $81,000 | $315,000 |
| 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 | 382 | $44,598,000 | $119,000 | $700,000 | $111,000 | $746,000 |
| Not applicable | 35 | $5,219,000 | $149,000 | $950,000 | $0 | $0 |
| Black | 29 | $1,256,000 | $43,000 | $155,000 | $43,000 | $186,000 |
| Hispanic | 5 | $140,000 | $28,000 | $64,000 | $32,000 | $57,000 |
| Asian or Pacific Islander | 3 | $203,000 | $67,000 | $115,000 | $46,000 | $65,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 454 | $51,416,000 | $117,500 | $950,000 | $92,000 | $746,000 |
| 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 | 440 | $49,775,000 | $117,500 | $950,000 | $96,000 | $746,000 |
| Application Denied By Financial Institution | 14 | $1,641,000 | $117,000 | $500,000 | $66,000 | $282,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application 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 | 10 | $869,000 | $86,000 | $496,000 | $39,000 | $126,000 |
| Debt-To-Income Ratio | 4 | $772,000 | $193,000 | $500,000 | $163,000 | $282,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into High Point Bank B&Tc'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 High Point Bank B&Tc'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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