High Point Bank B&Tc Mortgage Lending & HMDA Data, 2004
In 2004, High Point Bank B&Tc of High Point, NC reported 317 mortgage applications totaling $36.7 million, down 30% from 2003. The average application was for $115,804, and applicants reported an average income of $79,741. 91% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Greensboro-High Point, NC (241), Winston-Salem, NC (7) and Wilmington, NC (4) (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 | 317 |
| Total Mortgage Loan Application Amount | $36,710,000 |
| Average Mortgage Loan Application Amount | $115,804 |
| Highest Mortgage Loan Application Amount | $950,000 |
| Average Applicant Income | $79,741 |
| Highest Applicant Income | $606,000 |
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Act (HMDA) records High Point Bank B&Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 206 | $ 19,809,000 | $ 96,160 | $ 37,000 |
| Davidson, North Carolina | 52 | $ 8,163,000 | $ 156,980 | $ 88,000 |
| Randolph, North Carolina | 35 | $ 3,287,000 | $ 93,914 | $ 50,000 |
| Forsyth, North Carolina | 7 | $ 541,000 | $ 77,285 | $ 76,000 |
| Brunswick, North Carolina | 4 | $ 1,822,000 | $ 455,500 | $ 118,000 |
| Montgomery, North Carolina | 4 | $ 323,000 | $ 80,750 | $ 67,000 |
| Orange, North Carolina | 2 | $ 271,000 | $ 135,500 | $ 84,000 |
| Eagle, Colorado | 1 | $ 500,000 | $ 500,000 | $ 0 |
| Carteret, North Carolina | 1 | $ 649,000 | $ 649,000 | $ 395,000 |
| Watauga, North Carolina | 1 | $ 300,000 | $ 300,000 | $ 576,000 |
| Wilkes, North Carolina | 1 | $ 475,000 | $ 475,000 | $ 550,000 |
| Charleston, South Carolina | 1 | $ 450,000 | $ 450,000 | $ 456,000 |
| Horry, South Carolina | 1 | $ 117,000 | $ 117,000 | $ 85,000 |
| Carroll, Virginia | 1 | $ 3,000 | $ 3,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for High Point Bank B&Tc in 2004
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 | 151 | $19,822,000 | $206,000 | $950,000 | $172,000 | $550,000 |
| Refinancing | 112 | $14,000,000 | $125,000 | $649,000 | $88,000 | $576,000 |
| Home Improvement | 54 | $2,888,000 | $182,666 | $500,000 | $44,333 | $606,000 |
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 | 232 | $26,287,000 | $132,666 | $649,000 | $151,666 | $606,000 |
| Black or African American | 38 | $1,690,000 | $44,000 | $138,000 | $43,000 | $111,000 |
| Not applicable | 31 | $6,882,000 | $222,000 | $950,000 | $12,000 | $200,000 |
| Not Provided | 7 | $1,256,000 | $313,000 | $500,000 | $8,000 | $200,000 |
| Hispanic | 5 | $341,000 | $68,000 | $119,000 | $53,000 | $69,000 |
| Asian | 4 | $254,000 | $63,000 | $92,000 | $24,000 | $44,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 317 | $36,710,000 | $224,750 | $950,000 | $102,250 | $606,000 |
| 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 | 288 | $35,062,000 | $226,250 | $950,000 | $107,250 | $606,000 |
| Application Denied By Financial Institution | 20 | $1,135,000 | $56,000 | $161,000 | $31,000 | $100,000 |
| Application Withdrawn By Applicant | 9 | $513,000 | $57,000 | $138,000 | $41,000 | $135,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 11 | $730,000 | $66,000 | $161,000 | $39,000 | $100,000 |
| Debt-To-Income Ratio | 6 | $268,000 | $44,000 | $79,000 | $27,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $112,000 | $56,000 | $77,000 | $21,000 | $24,000 |
| Collateral | 1 | $25,000 | $25,000 | $25,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 High Point Bank B&Tc's 2004 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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