High Point Bank B&Tc Mortgage Lending & HMDA Data, 2008
In 2008, High Point Bank B&Tc of High Point, NC reported 253 mortgage applications totaling $31.5 million, down 8% from 2007. The average application was for $124,363, and applicants reported an average income of $77,944. 87% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Greensboro-High Point, NC (160), Winston-Salem, NC (35) and Charlotte-Gastonia-Concord, NC-SC (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 | 253 |
| Total Mortgage Loan Application Amount | $31,464,000 |
| Average Mortgage Loan Application Amount | $124,363 |
| Highest Mortgage Loan Application Amount | $1,007,000 |
| Average Applicant Income | $77,944 |
| Highest Applicant Income | $760,000 |
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Act (HMDA) records High Point Bank B&Tc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 160 | $ 17,642,000 | $ 110,262 | $ 71,000 |
| Winston-Salem, NC | 35 | $ 3,499,000 | $ 99,971 | $ 38,000 |
| Charlotte-Gastonia-Concord, NC-SC | 4 | $ 518,000 | $ 129,500 | $ 77,000 |
| Wilmington, NC | 4 | $ 1,791,000 | $ 447,750 | $ 366,000 |
| Burlington, NC | 2 | $ 1,148,000 | $ 574,000 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 185,000 | $ 185,000 | $ 350,000 |
| Columbia, SC | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Durham, NC | 1 | $ 141,000 | $ 141,000 | $ 50,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 300,000 | $ 300,000 | $ 225,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 238,000 | $ 238,000 | $ 246,000 |
| Tucson, AZ | 1 | $ 75,000 | $ 75,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for High Point Bank B&Tc in 2008
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 | 111 | $15,836,000 | $142,000 | $1,007,000 | $76,000 | $760,000 |
| Refinancing | 107 | $13,316,000 | $124,000 | $622,000 | $77,000 | $431,000 |
| Home Improvement | 35 | $2,312,000 | $66,000 | $500,000 | $87,000 | $500,000 |
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 | 165 | $19,110,000 | $115,000 | $900,000 | $103,000 | $760,000 |
| Not applicable | 58 | $8,991,000 | $155,000 | $1,007,000 | $0 | $0 |
| Black or African American | 18 | $1,605,000 | $89,000 | $372,000 | $88,000 | $576,000 |
| Asian | 9 | $1,123,000 | $124,000 | $250,000 | $113,000 | $280,000 |
| Hispanic | 1 | $269,000 | $269,000 | $269,000 | $62,000 | $62,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $264,000 | $264,000 | $264,000 | $58,000 | $58,000 |
| Not Provided | 1 | $102,000 | $102,000 | $102,000 | $21,000 | $21,000 |
| 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) | 253 | $31,464,000 | $124,000 | $1,007,000 | $78,000 | $760,000 |
| 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 | 220 | $26,629,000 | $121,000 | $1,007,000 | $80,000 | $760,000 |
| Application Denied By Financial Institution | 23 | $3,894,000 | $169,000 | $1,000,000 | $52,000 | $160,000 |
| Application Withdrawn By Applicant | 10 | $941,000 | $94,000 | $250,000 | $93,000 | $400,000 |
| 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 | 12 | $862,000 | $71,000 | $175,000 | $48,000 | $102,000 |
| Debt-To-Income Ratio | 7 | $854,000 | $122,000 | $269,000 | $62,000 | $145,000 |
| Other | 2 | $2,000,000 | $1,000,000 | $1,000,000 | $0 | $0 |
| Unverifiable Information | 1 | $114,000 | $114,000 | $114,000 | $160,000 | $160,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $64,000 | $64,000 | $64,000 | $28,000 | $28,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 2008 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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