Hometrust Bank N.A. Mortgage Lending & HMDA Data, 2011
In 2011, Hometrust Bank N.A. of Asheville, NC reported 2,661 mortgage applications totaling $439.0 million. The average application was for $164,967, and applicants reported an average income of $84,696. 72% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Asheville, NC (1,759), Greensboro-High Point, NC (175) and Charlotte-Gastonia-Rock Hill, NC-SC (70) (applications in parentheses).
| Mortgage Company & Address | Hometrust Bank N.A. P O Box 10 Asheville, NC 28804 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 2,661 |
| Total Mortgage Loan Application Amount | $438,978,000 |
| Average Mortgage Loan Application Amount | $164,967 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $84,696 |
| Highest Applicant Income | $1,148,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hometrust Bank N.A. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Buncombe, North Carolina | 1,022 | $ 198,481,000 | $ 194,208 | $ 89,000 |
| Haywood, North Carolina | 377 | $ 64,671,000 | $ 171,541 | $ 92,000 |
| Henderson, North Carolina | 302 | $ 45,930,000 | $ 152,086 | $ 81,000 |
| Cleveland, North Carolina | 171 | $ 23,590,000 | $ 137,953 | $ 86,000 |
| Rockingham, North Carolina | 164 | $ 16,808,000 | $ 102,487 | $ 68,000 |
| Rutherford, North Carolina | 89 | $ 11,145,000 | $ 125,224 | $ 73,000 |
| Davidson, North Carolina | 88 | $ 10,969,000 | $ 124,647 | $ 75,000 |
| Polk, North Carolina | 79 | $ 11,568,000 | $ 146,430 | $ 73,000 |
| Gaston, North Carolina | 63 | $ 7,460,000 | $ 118,412 | $ 87,000 |
| Madison, North Carolina | 58 | $ 12,418,000 | $ 214,103 | $ 81,000 |
| Spartanburg, South Carolina | 33 | $ 4,080,000 | $ 123,636 | $ 75,000 |
| McDowell, North Carolina | 15 | $ 3,333,000 | $ 222,200 | $ 110,000 |
| Jackson, North Carolina | 13 | $ 2,382,000 | $ 183,230 | $ 79,000 |
| Transylvania, North Carolina | 12 | $ 1,935,000 | $ 161,250 | $ 64,000 |
| Greenville, South Carolina | 12 | $ 2,284,000 | $ 190,333 | $ 126,000 |
| Guilford, North Carolina | 10 | $ 1,419,000 | $ 141,900 | $ 65,000 |
| Lincoln, North Carolina | 8 | $ 759,000 | $ 94,875 | $ 62,000 |
| Forsyth, North Carolina | 7 | $ 559,000 | $ 79,857 | $ 54,000 |
| Yancey, North Carolina | 6 | $ 1,435,000 | $ 239,166 | $ 211,000 |
| Mecklenburg, North Carolina | 5 | $ 642,000 | $ 128,400 | $ 85,000 |
| New Hanover, North Carolina | 3 | $ 568,000 | $ 189,333 | $ 109,000 |
| Wake, North Carolina | 3 | $ 413,000 | $ 137,666 | $ 83,000 |
| Horry, South Carolina | 3 | $ 550,000 | $ 183,333 | $ 151,000 |
| Pickens, South Carolina | 3 | $ 504,000 | $ 168,000 | $ 315,000 |
| Henry, Virginia | 3 | $ 236,000 | $ 78,666 | $ 55,000 |
| Pittsylvania, Virginia | 3 | $ 360,000 | $ 120,000 | $ 63,000 |
| Cabarrus, North Carolina | 2 | $ 438,000 | $ 219,000 | $ 88,000 |
| Catawba, North Carolina | 2 | $ 763,000 | $ 381,500 | $ 108,000 |
| Macon, North Carolina | 2 | $ 414,000 | $ 207,000 | $ 125,000 |
| Mitchell, North Carolina | 2 | $ 310,000 | $ 155,000 | $ 145,000 |
| Moore, North Carolina | 2 | $ 215,000 | $ 107,500 | $ 0 |
| Rowan, North Carolina | 2 | $ 412,000 | $ 206,000 | $ 209,000 |
| Stokes, North Carolina | 2 | $ 370,000 | $ 185,000 | $ 97,000 |
| Swain, North Carolina | 2 | $ 370,000 | $ 185,000 | $ 57,000 |
| Beaufort, South Carolina | 2 | $ 511,000 | $ 255,500 | $ 210,000 |
| Charleston, South Carolina | 2 | $ 536,000 | $ 268,000 | $ 134,000 |
| Cherokee, South Carolina | 2 | $ 357,000 | $ 178,500 | $ 42,000 |
| Oconee, South Carolina | 2 | $ 268,000 | $ 134,000 | $ 78,000 |
| DeKalb, Georgia | 1 | $ 15,000 | $ 15,000 | $ 61,000 |
| Alamance, North Carolina | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Ashe, North Carolina | 1 | $ 288,000 | $ 288,000 | $ 185,000 |
| Avery, North Carolina | 1 | $ 136,000 | $ 136,000 | $ 171,000 |
| Brunswick, North Carolina | 1 | $ 80,000 | $ 80,000 | $ 99,000 |
| Burke, North Carolina | 1 | $ 50,000 | $ 50,000 | $ 115,000 |
| Chatham, North Carolina | 1 | $ 85,000 | $ 85,000 | $ 51,000 |
| Cherokee, North Carolina | 1 | $ 34,000 | $ 34,000 | $ 20,000 |
| Davie, North Carolina | 1 | $ 220,000 | $ 220,000 | $ 85,000 |
| Graham, North Carolina | 1 | $ 150,000 | $ 150,000 | $ 40,000 |
| Randolph, North Carolina | 1 | $ 104,000 | $ 104,000 | $ 81,000 |
| Berkeley, South Carolina | 1 | $ 60,000 | $ 60,000 | $ 97,000 |
| Richland, South Carolina | 1 | $ 123,000 | $ 123,000 | $ 230,000 |
| Fairfax, Virginia | 1 | $ 417,000 | $ 417,000 | $ 105,000 |
Mortgage Loan Application Detail Totals for Hometrust Bank N.A. in 2011
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 | 1,735 | $278,195,000 | $160,000 | $1,800,000 | $86,000 | $1,148,000 |
| Home Purchase | 921 | $160,398,000 | $174,000 | $1,612,000 | $82,000 | $816,000 |
| Home Improvement | 5 | $385,000 | $77,000 | $250,000 | $129,000 | $339,000 |
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 | 2,504 | $413,288,000 | $165,000 | $1,800,000 | $85,000 | $1,148,000 |
| Black or African American | 44 | $4,583,000 | $104,000 | $312,000 | $50,000 | $130,000 |
| Hispanic | 33 | $5,188,000 | $157,000 | $417,000 | $80,000 | $339,000 |
| Not Provided | 29 | $5,758,000 | $198,000 | $1,612,000 | $84,000 | $541,000 |
| Asian | 26 | $4,747,000 | $182,000 | $417,000 | $108,000 | $549,000 |
| Not applicable | 16 | $4,040,000 | $252,000 | $1,050,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 5 | $922,000 | $184,000 | $417,000 | $106,000 | $257,000 |
| American Indian or Alaskan Native | 4 | $452,000 | $113,000 | $148,000 | $62,000 | $77,000 |
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) | 2,552 | $425,280,000 | $166,000 | $1,800,000 | $86,000 | $1,148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 109 | $13,698,000 | $125,000 | $310,000 | $40,000 | $81,000 |
| 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 | 1,913 | $310,682,000 | $162,000 | $1,250,000 | $87,000 | $908,000 |
| Application Withdrawn By Applicant | 307 | $54,605,000 | $177,000 | $1,270,000 | $89,000 | $1,148,000 |
| Application Denied By Financial Institution | 289 | $51,960,000 | $179,000 | $1,800,000 | $68,000 | $1,034,000 |
| Preapproval Denied by Financial Institution | 88 | $9,754,000 | $110,000 | $310,000 | $49,000 | $816,000 |
| File Closed For Incompleteness | 40 | $8,074,000 | $201,000 | $600,000 | $92,000 | $245,000 |
| Application Approved But Not Accepted | 24 | $3,903,000 | $162,000 | $356,000 | $109,000 | $494,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval 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 | 166 | $19,500,000 | $117,000 | $417,000 | $60,000 | $816,000 |
| Collateral | 90 | $19,563,000 | $217,000 | $1,800,000 | $93,000 | $1,034,000 |
| Debt-To-Income Ratio | 88 | $17,987,000 | $204,000 | $1,600,000 | $45,000 | $360,000 |
| Other | 16 | $2,375,000 | $148,000 | $307,000 | $59,000 | $179,000 |
| Unverifiable Information | 8 | $1,036,000 | $129,000 | $300,000 | $43,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $370,000 | $123,000 | $193,000 | $62,000 | $86,000 |
| Credit Application Incomplete | 3 | $502,000 | $167,000 | $250,000 | $42,000 | $89,000 |
| Employment History | 2 | $150,000 | $75,000 | $90,000 | $12,000 | $17,000 |
| Mortgage Insurance Denied | 1 | $231,000 | $231,000 | $231,000 | $84,000 | $84,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hometrust Bank N.A.'s 2011 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 N.A.'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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