High Point Bank B&Tc Mortgage Lending & HMDA Data, 2005
In 2005, High Point Bank B&Tc of High Point, NC reported 297 mortgage applications totaling $36.8 million, down 6% from 2004. The average application was for $123,983, and applicants reported an average income of $114,865. 95% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Greensboro-High Point, NC (223), Winston-Salem, NC (7) and Myrtle Beach-Conway-North Myrtle Beach, SC (5) (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 | 297 |
| Total Mortgage Loan Application Amount | $36,823,000 |
| Average Mortgage Loan Application Amount | $123,983 |
| Highest Mortgage Loan Application Amount | $855,000 |
| Average Applicant Income | $114,865 |
| Highest Applicant Income | $762,000 |
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Act (HMDA) records High Point Bank B&Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Greensboro-High Point, NC | 223 | $ 21,179,000 | $ 94,973 | $ 96,000 |
| Winston-Salem, NC | 7 | $ 536,000 | $ 76,571 | $ 72,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 5 | $ 1,270,000 | $ 254,000 | $ 148,000 |
| Wilmington, NC | 5 | $ 1,471,000 | $ 294,200 | $ 211,000 |
| Columbia, SC | 2 | $ 1,110,000 | $ 555,000 | $ 112,000 |
| Burlington, NC | 1 | $ 75,000 | $ 75,000 | $ 85,000 |
| Charlottesville, VA | 1 | $ 650,000 | $ 650,000 | $ 0 |
| Greenville, NC | 1 | $ 100,000 | $ 100,000 | $ 172,000 |
Mortgage Loan Application Detail Totals for High Point Bank B&Tc 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 | 152 | $22,859,000 | $286,333 | $855,000 | $138,333 | $762,000 |
| Refinancing | 94 | $11,338,000 | $219,000 | $635,000 | $139,500 | $611,000 |
| Home Improvement | 51 | $2,626,000 | $31,500 | $267,000 | $84,500 | $580,000 |
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 | 226 | $29,822,000 | $255,000 | $850,000 | $185,333 | $729,000 |
| Not applicable | 40 | $4,900,000 | $248,666 | $855,000 | $2,000 | $318,000 |
| Black or African American | 19 | $830,000 | $43,000 | $175,000 | $58,000 | $140,000 |
| Hispanic | 5 | $659,000 | $131,000 | $180,000 | $75,000 | $142,000 |
| Asian | 4 | $506,000 | $126,000 | $320,000 | $466,000 | $762,000 |
| American Indian or Alaskan Native | 1 | $15,000 | $15,000 | $15,000 | $45,000 | $45,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $45,000 | $45,000 | $45,000 | $65,000 | $65,000 |
| Not Provided | 1 | $46,000 | $46,000 | $46,000 | $150,000 | $150,000 |
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) | 297 | $36,823,000 | $260,333 | $855,000 | $132,666 | $762,000 |
| 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 | 281 | $35,036,000 | $280,333 | $855,000 | $141,000 | $762,000 |
| Application Denied By Financial Institution | 8 | $1,274,000 | $159,000 | $300,000 | $54,000 | $83,000 |
| Application Withdrawn By Applicant | 8 | $513,000 | $73,000 | $180,000 | $87,500 | $142,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 6 | $1,024,000 | $170,000 | $300,000 | $54,000 | $83,000 |
| Credit History | 2 | $250,000 | $125,000 | $173,000 | $53,000 | $77,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 High Point Bank B&Tc'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 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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