Hometrust Bank Mortgage Lending & HMDA Data, 2009
In 2009, Hometrust Bank of Asheville, NC reported 2,631 mortgage applications totaling $488.5 million, up 67% from 2008. The average application was for $185,671, and applicants reported an average income of $83,358. 81% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Asheville, NC (1,852), Greensboro-High Point, NC (194) and Charlotte-Gastonia-Concord, NC-SC (23) (applications in parentheses).
| Mortgage Company & Address | Hometrust Bank 10 Woodfin St Asheville, NC 28801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,631 |
| Total Mortgage Loan Application Amount | $488,502,000 |
| Average Mortgage Loan Application Amount | $185,671 |
| Highest Mortgage Loan Application Amount | $1,600,000 |
| Average Applicant Income | $83,358 |
| Highest Applicant Income | $1,775,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hometrust Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Asheville, NC | 1,852 | $ 367,295,000 | $ 198,323 | $ 86,000 |
| Greensboro-High Point, NC | 194 | $ 24,252,000 | $ 125,010 | $ 68,000 |
| Charlotte-Gastonia-Concord, NC-SC | 23 | $ 5,014,000 | $ 218,000 | $ 96,000 |
| Spartanburg, SC | 22 | $ 2,837,000 | $ 128,954 | $ 61,000 |
| Greenville-Mauldin-Easley, SC | 17 | $ 2,911,000 | $ 171,235 | $ 75,000 |
| Hickory-Lenoir-Morganton, NC | 8 | $ 1,046,000 | $ 130,750 | $ 71,000 |
| Charleston-North Charleston-Summerville, SC | 6 | $ 2,979,000 | $ 496,500 | $ 253,000 |
| Wilmington, NC | 6 | $ 1,308,000 | $ 218,000 | $ 200,000 |
| Durham-Chapel Hill, NC | 4 | $ 684,000 | $ 171,000 | $ 112,000 |
| Winston-Salem, NC | 4 | $ 635,000 | $ 158,750 | $ 75,000 |
| Danville, VA | 2 | $ 458,000 | $ 229,000 | $ 42,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 2 | $ 305,000 | $ 152,500 | $ 75,000 |
| Richmond, VA | 2 | $ 727,000 | $ 363,500 | $ 276,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 298,000 | $ 298,000 | $ 61,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 280,000 | $ 280,000 | $ 41,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 123,000 | $ 123,000 | $ 58,000 |
| Burlington, NC | 1 | $ 104,000 | $ 104,000 | $ 117,000 |
| Columbia, SC | 1 | $ 72,000 | $ 72,000 | $ 22,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 662,000 | $ 662,000 | $ 325,000 |
| Morristown, TN | 1 | $ 280,000 | $ 280,000 | $ 86,000 |
| Raleigh-Cary, NC | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Roanoke, VA | 1 | $ 183,000 | $ 183,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Hometrust Bank in 2009
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 | 1,869 | $349,605,000 | $187,000 | $1,286,000 | $83,000 | $1,152,000 |
| Home Purchase | 749 | $136,936,000 | $182,000 | $1,600,000 | $84,000 | $1,775,000 |
| Home Improvement | 13 | $1,961,000 | $150,000 | $452,000 | $98,000 | $215,000 |
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 | 2,465 | $456,523,000 | $185,000 | $1,600,000 | $82,000 | $1,775,000 |
| Not Provided | 53 | $12,603,000 | $237,000 | $860,000 | $153,000 | $1,340,000 |
| Black or African American | 33 | $5,026,000 | $152,000 | $500,000 | $52,000 | $158,000 |
| Hispanic | 28 | $5,002,000 | $178,000 | $768,000 | $81,000 | $275,000 |
| Asian | 20 | $4,265,000 | $213,000 | $417,000 | $161,000 | $1,087,000 |
| Not applicable | 20 | $3,219,000 | $160,000 | $1,200,000 | $0 | $0 |
| American Indian or Alaskan Native | 9 | $1,344,000 | $149,000 | $340,000 | $68,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $520,000 | $173,000 | $417,000 | $162,000 | $247,000 |
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) | 2,529 | $477,027,000 | $188,000 | $1,600,000 | $85,000 | $1,775,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 102 | $11,475,000 | $112,000 | $297,000 | $36,000 | $71,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 2,125 | $396,438,000 | $186,000 | $1,360,000 | $87,000 | $1,775,000 |
| Application Withdrawn By Applicant | 235 | $42,405,000 | $180,000 | $1,160,000 | $75,000 | $378,000 |
| Application Denied By Financial Institution | 197 | $34,827,000 | $176,000 | $1,600,000 | $55,000 | $522,000 |
| Application Approved But Not Accepted | 57 | $12,252,000 | $214,000 | $1,100,000 | $90,000 | $389,000 |
| File Closed For Incompleteness | 17 | $2,580,000 | $151,000 | $411,000 | $82,000 | $342,000 |
| 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 | 80 | $12,532,000 | $156,000 | $821,000 | $54,000 | $227,000 |
| Debt-To-Income Ratio | 50 | $9,154,000 | $183,000 | $450,000 | $41,000 | $139,000 |
| Collateral | 39 | $7,982,000 | $204,000 | $1,600,000 | $77,000 | $522,000 |
| Unverifiable Information | 12 | $2,345,000 | $195,000 | $417,000 | $49,000 | $133,000 |
| Employment History | 5 | $839,000 | $167,000 | $399,000 | $43,000 | $131,000 |
| Mortgage Insurance Denied | 4 | $521,000 | $130,000 | $184,000 | $54,000 | $71,000 |
| Other | 4 | $643,000 | $160,000 | $263,000 | $56,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $223,000 | $111,000 | $183,000 | $52,000 | $71,000 |
| Credit Application Incomplete | 1 | $588,000 | $588,000 | $588,000 | $92,000 | $92,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hometrust Bank's 2009 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 Hometrust Bank'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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