Hometrust Bank Mortgage Lending & HMDA Data, 2023

In 2023, Hometrust Bank of Asheville, NC reported 4,614 mortgage applications totaling $1.1 billion, up 24% from 2022. The average application was for $235,747, and applicants reported an average income of $214,197. 62% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Asheville, NC (797), Los Angeles-Long Beach-Glendale, CA (235) and Charlotte-Concord-Gastonia, NC-SC (232) (applications in parentheses).

Mortgage Company & Address Hometrust Bank
Po Box 10
Asheville, NC 28802
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  
Total Number of Mortgage Applications 4,614
Total Mortgage Loan Application Amount $1,087,740,000
Average Mortgage Loan Application Amount $235,747
Highest Mortgage Loan Application Amount $43,635,000
Average Applicant Income $214,197
Highest Applicant Income $7,169,000

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Act (HMDA) records Hometrust Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Hometrust Bank by Metropolitan Area in 2023

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 797 $ 197,095,000 $ 247,296 $ 145,000
Outside any metro area 470 $ 96,420,000 $ 205,148 $ 155,412
Los Angeles-Long Beach-Glendale, CA 235 $ 72,325,000 $ 307,765 $ 333,000
Charlotte-Concord-Gastonia, NC-SC 232 $ 52,970,000 $ 228,318 $ 167,689
Portland-Vancouver-Hillsboro, OR-WA 207 $ 44,065,000 $ 212,874 $ 236,917
Seattle-Bellevue-Everett, WA 118 $ 32,790,000 $ 277,881 $ 327,000
Greensboro-High Point, NC 109 $ 13,665,000 $ 125,366 $ 154,000
Miami-Miami Beach-Kendall, FL 109 $ 17,475,000 $ 160,321 $ 239,000
Nashville-Davidson--Murfreesboro--Franklin, TN 109 $ 15,755,000 $ 144,541 $ 192,000
Phoenix-Mesa-Scottsdale, AZ 109 $ 21,445,000 $ 196,743 $ 275,000
Roanoke, VA 93 $ 17,685,000 $ 190,161 $ 105,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 85 $ 16,635,000 $ 195,705 $ 306,000
Raleigh, NC 82 $ 21,730,000 $ 265,000 $ 198,000
San Diego-Carlsbad, CA 82 $ 26,980,000 $ 329,024 $ 300,000
Anaheim-Santa Ana-Irvine, CA 72 $ 22,390,000 $ 310,972 $ 348,000
Greenville-Anderson-Mauldin, SC 70 $ 19,010,000 $ 271,571 $ 143,000
Las Vegas-Henderson-Paradise, NV 66 $ 11,300,000 $ 171,212 $ 251,000
Riverside-San Bernardino-Ontario, CA 63 $ 10,485,000 $ 166,428 $ 204,000
Sacramento--Roseville--Arden-Arcade, CA 61 $ 12,955,000 $ 212,377 $ 263,000
Oakland-Hayward-Berkeley, CA 56 $ 18,960,000 $ 338,571 $ 365,000
Johnson City, TN 51 $ 6,995,000 $ 137,156 $ 119,000
Atlanta-Sandy Springs-Roswell, GA 49 $ 25,185,000 $ 513,979 $ 243,000
West Palm Beach-Boca Raton-Delray Beach, FL 47 $ 12,035,000 $ 256,063 $ 319,000
Reno, NV 45 $ 6,735,000 $ 149,666 $ 200,000
Tampa-St. Petersburg-Clearwater, FL 45 $ 9,345,000 $ 207,666 $ 247,000
Winston-Salem, NC 45 $ 4,315,000 $ 95,888 $ 76,000
Morristown, TN 44 $ 6,050,000 $ 137,500 $ 104,000
Salt Lake City, UT 42 $ 7,980,000 $ 190,000 $ 217,000
Durham-Chapel Hill, NC 38 $ 20,190,000 $ 531,315 $ 192,000
Spartanburg, SC 38 $ 7,620,000 $ 200,526 $ 154,000
Denver-Aurora-Lakewood, CO 36 $ 9,280,000 $ 257,777 $ 256,000
Kingsport-Bristol-Bristol, TN-VA 36 $ 3,840,000 $ 106,666 $ 78,666
Provo-Orem, UT 35 $ 6,475,000 $ 185,000 $ 231,000
Boise City, ID 32 $ 4,920,000 $ 153,750 $ 200,000
Knoxville, TN 32 $ 6,230,000 $ 194,687 $ 287,000
Salem, OR 27 $ 3,235,000 $ 119,814 $ 158,000
Charleston-North Charleston, SC 26 $ 7,330,000 $ 281,923 $ 177,000
Hickory-Lenoir-Morganton, NC 26 $ 7,270,000 $ 279,615 $ 245,000
Orlando-Kissimmee-Sanford, FL 26 $ 6,000,000 $ 230,769 $ 297,000
Tacoma-Lakewood, WA 25 $ 5,345,000 $ 213,800 $ 275,000
San Jose-Sunnyvale-Santa Clara, CA 22 $ 5,500,000 $ 250,000 $ 360,000
Oxnard-Thousand Oaks-Ventura, CA 21 $ 5,645,000 $ 268,809 $ 377,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 21 $ 4,465,000 $ 212,619 $ 279,000
Jacksonville, FL 16 $ 3,250,000 $ 203,125 $ 235,000
Naples-Immokalee-Marco Island, FL 16 $ 3,830,000 $ 239,375 $ 222,000
Bend-Redmond, OR 15 $ 3,805,000 $ 253,666 $ 317,000
North Port-Sarasota-Bradenton, FL 15 $ 3,565,000 $ 237,666 $ 292,000
San Francisco-Redwood City-South San Francisco, CA 15 $ 4,055,000 $ 270,333 $ 381,000
Wilmington, NC 15 $ 8,745,000 $ 583,000 $ 1,125,000
Cape Coral-Fort Myers, FL 14 $ 2,840,000 $ 202,857 $ 179,000
Ogden-Clearfield, UT 14 $ 2,720,000 $ 194,285 $ 202,000
Stockton-Lodi, CA 14 $ 2,400,000 $ 171,428 $ 297,000
Coeur D'Alene, ID 13 $ 1,465,000 $ 112,692 $ 181,000
Chattanooga, TN-GA 12 $ 1,560,000 $ 130,000 $ 158,000
Eugene, OR 12 $ 1,910,000 $ 159,166 $ 228,000
Fresno, CA 12 $ 3,100,000 $ 258,333 $ 248,000
Myrtle Beach-Conway-North Myrtle Beach, SC-NC 12 $ 1,810,000 $ 150,833 $ 204,500
Columbia, SC 11 $ 2,095,000 $ 190,454 $ 90,000
Memphis, TN-MS-AR 11 $ 44,925,000 $ 4,084,090 $ 172,000
Wilmington, DE-MD-NJ 11 $ 1,675,000 $ 152,272 $ 189,000
Bridgeport-Stamford-Norwalk, CT 10 $ 2,990,000 $ 299,000 $ 424,000
Fayetteville, NC 10 $ 1,160,000 $ 116,000 $ 128,000
Richmond, VA 9 $ 1,175,000 $ 130,555 $ 155,000
San Luis Obispo-Paso Robles-Arroyo Grande, CA 9 $ 2,775,000 $ 308,333 $ 309,000
Bremerton-Silverdale, WA 8 $ 1,870,000 $ 233,750 $ 188,000
Burlington, NC 8 $ 960,000 $ 120,000 $ 157,000
Deltona-Daytona Beach-Ormond Beach, FL 8 $ 1,180,000 $ 147,500 $ 276,000
Medford, OR 8 $ 1,460,000 $ 182,500 $ 248,000
St. George, UT 8 $ 1,440,000 $ 180,000 $ 136,000
Tucson, AZ 8 $ 1,760,000 $ 220,000 $ 200,000
Bellingham, WA 7 $ 2,745,000 $ 392,142 $ 220,000
Chicago-Naperville, IL 7 $ 2,355,000 $ 336,428 $ 464,000
Prescott Valley-Prescott, AZ 7 $ 1,595,000 $ 227,857 $ 221,000
Salinas, CA 7 $ 2,105,000 $ 300,714 $ 396,000
Salisbury, MD-DE 7 $ 1,115,000 $ 159,285 $ 178,000
San Rafael, CA 7 $ 3,115,000 $ 445,000 $ 600,000
Santa Cruz-Watsonville, CA 7 $ 2,515,000 $ 359,285 $ 308,000
Santa Rosa, CA 7 $ 1,765,000 $ 252,142 $ 308,000
Spokane-Spokane Valley, WA 7 $ 1,285,000 $ 183,571 $ 389,000
Vallejo-Fairfield, CA 7 $ 1,255,000 $ 179,285 $ 220,000
Albany, OR 6 $ 550,000 $ 91,666 $ 108,000
Augusta-Richmond County, GA-SC 6 $ 800,000 $ 133,333 $ 103,000
Daphne-Fairhope-Foley, AL 6 $ 730,000 $ 121,666 $ 212,000
Hilton Head Island-Bluffton-Beaufort, SC 6 $ 1,030,000 $ 171,666 $ 187,000
Minneapolis-St. Paul-Bloomington, MN-WI 6 $ 580,000 $ 96,666 $ 114,000
Modesto, CA 6 $ 1,030,000 $ 171,666 $ 236,000
Oklahoma City, OK 6 $ 340,000 $ 56,666 $ 134,000
Olympia-Tumwater, WA 6 $ 910,000 $ 151,666 $ 182,000
Virginia Beach-Norfolk-Newport News, VA-NC 6 $ 1,050,000 $ 175,000 $ 154,000
Bakersfield, CA 5 $ 635,000 $ 127,000 $ 227,000
Crestview-Fort Walton Beach-Destin, FL 5 $ 1,615,000 $ 323,000 $ 378,000
Greeley, CO 5 $ 415,000 $ 83,000 $ 190,000
Lakeland-Winter Haven, FL 5 $ 815,000 $ 163,000 $ 343,000
Mount Vernon-Anacortes, WA 5 $ 1,535,000 $ 307,000 $ 235,000
Sierra Vista-Douglas, AZ 5 $ 655,000 $ 131,000 $ 104,000
Clarksville, TN-KY 4 $ 550,000 $ 137,500 $ 115,000
Colorado Springs, CO 4 $ 510,000 $ 127,500 $ 122,000
Lake Havasu City-Kingman, AZ 4 $ 930,000 $ 232,500 $ 200,000
Lynchburg, VA 4 $ 220,000 $ 55,000 $ 72,000
Palm Bay-Melbourne-Titusville, FL 4 $ 1,070,000 $ 267,500 $ 287,000
Port St. Lucie, FL 4 $ 1,800,000 $ 450,000 $ 491,000
Santa Maria-Santa Barbara, CA 4 $ 1,210,000 $ 302,500 $ 350,000
Yakima, WA 4 $ 530,000 $ 132,500 $ 115,000
Boulder, CO 3 $ 1,115,000 $ 371,666 $ 611,000
Charlottesville, VA 3 $ 715,000 $ 238,333 $ 392,000
Fort Collins, CO 3 $ 555,000 $ 185,000 $ 219,000
Jacksonville, NC 3 $ 995,000 $ 331,666 $ 562,000
Blacksburg-Christiansburg-Radford, VA 2 $ 90,000 $ 45,000 $ 57,000
Carson City, NV 2 $ 230,000 $ 115,000 $ 97,000
Chico, CA 2 $ 220,000 $ 110,000 $ 135,000
Cincinnati, OH-KY-IN 2 $ 190,000 $ 95,000 $ 135,000
Dover, DE 2 $ 170,000 $ 85,000 $ 141,000
Flagstaff, AZ 2 $ 290,000 $ 145,000 $ 296,000
Gainesville, GA 2 $ 730,000 $ 365,000 $ 336,000
Grants Pass, OR 2 $ 150,000 $ 75,000 $ 52,000
Hartford-West Hartford-East Hartford, CT 2 $ 270,000 $ 135,000 $ 117,000
Huntsville, AL 2 $ 410,000 $ 205,000 $ 229,000
Kennewick-Richland, WA 2 $ 810,000 $ 405,000 $ 400,000
Longview, WA 2 $ 190,000 $ 95,000 $ 130,000
Madera, CA 2 $ 190,000 $ 95,000 $ 153,000
Merced, CA 2 $ 190,000 $ 95,000 $ 207,000
Montgomery, AL 2 $ 100,000 $ 50,000 $ 107,000
Napa, CA 2 $ 490,000 $ 245,000 $ 341,000
Ocala, FL 2 $ 590,000 $ 295,000 $ 445,000
Punta Gorda, FL 2 $ 160,000 $ 80,000 $ 74,000
Redding, CA 2 $ 190,000 $ 95,000 $ 130,000
Tulsa, OK 2 $ 100,000 $ 50,000 $ 134,000
Visalia-Porterville, CA 2 $ 760,000 $ 380,000 $ 241,000
Wenatchee, WA 2 $ 160,000 $ 80,000 $ 67,000
Yuma, AZ 2 $ 120,000 $ 60,000 $ 83,000
Auburn-Opelika, AL 1 $ 105,000 $ 105,000 $ 427,000
Brunswick, GA 1 $ 535,000 $ 535,000 $ 687,000
Cheyenne, WY 1 $ 55,000 $ 55,000 $ 89,000
Columbus, GA-AL 1 $ 15,000 $ 15,000 $ 18,000
Corvallis, OR 1 $ 355,000 $ 355,000 $ 370,000
Gainesville, FL 1 $ 415,000 $ 415,000 $ 253,000
Goldsboro, NC 1 $ 75,000 $ 75,000 $ 93,000
Grand Junction, CO 1 $ 105,000 $ 105,000 $ 86,000
Lexington-Fayette, KY 1 $ 55,000 $ 55,000 $ 65,000
Logan, UT-ID 1 $ 55,000 $ 55,000 $ 80,000
Louisville/Jefferson County, KY-IN 1 $ 195,000 $ 195,000 $ 143,000
New Haven-Milford, CT 1 $ 345,000 $ 345,000 $ 129,000
Panama City, FL 1 $ 65,000 $ 65,000 $ 85,000
Pensacola-Ferry Pass-Brent, FL 1 $ 65,000 $ 65,000 $ 78,000
Rocky Mount, NC 1 $ 365,000 $ 365,000 $ 86,000
Savannah, GA 1 $ 75,000 $ 75,000 $ 147,000
St. Cloud, MN 1 $ 65,000 $ 65,000 $ 154,000
Sumter, SC 1 $ 15,000 $ 15,000 $ 11,000
Tuscaloosa, AL 1 $ 75,000 $ 75,000 $ 294,000
Twin Falls, ID 1 $ 325,000 $ 325,000 $ 300,000
Walla Walla, WA 1 $ 155,000 $ 155,000 $ 325,000
Winchester, VA-WV 1 $ 45,000 $ 45,000 $ 123,000

Mortgage Loan Application Detail Totals for Hometrust Bank in 2023

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
Other Purpose 2,554 $444,470,000 $174,000 $1,235,000 $191,000 $4,127,000
Home Purchase 1,310 $479,190,000 $365,000 $43,635,000 $277,000 $7,169,000
Refinancing 474 $124,350,000 $262,000 $4,005,000 $224,000 $4,359,000
Home Improvement 198 $22,870,000 $115,000 $1,005,000 $121,000 $1,246,000
Cash-out Refinancing 78 $16,860,000 $216,000 $725,000 $96,000 $681,000
Not Applicable 0 $0 $0 $0 $0 $0

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 3,164 $696,720,000 $220,000 $3,675,000 $209,000 $7,169,000
Not Provided 552 $133,500,000 $241,000 $1,705,000 $265,000 $4,127,000
Hispanic 404 $72,300,000 $178,000 $1,075,000 $194,000 $3,002,000
Black or African American 215 $37,045,000 $172,000 $2,305,000 $160,000 $861,000
Asian 184 $47,670,000 $259,000 $855,000 $259,000 $1,798,000
Not applicable 48 $90,750,000 $1,890,000 $43,635,000 $0 $0
American Indian or Alaskan Native 28 $5,270,000 $188,000 $505,000 $172,000 $824,000
Native Hawaiian or Other Pacific Islander 3 $705,000 $235,000 $455,000 $330,000 $389,000

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) 4,606 $1,085,860,000 $235,000 $43,635,000 $214,000 $7,169,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6 $1,440,000 $240,000 $345,000 $72,000 $101,000
FHA-insured (Federal Housing Administration) 2 $440,000 $220,000 $295,000 $72,000 $85,000
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 2,879 $680,495,000 $236,000 $5,905,000 $239,000 $7,169,000
Application Denied By Financial Institution 1,181 $222,045,000 $188,000 $2,305,000 $148,000 $2,190,000
Application Withdrawn By Applicant 374 $147,830,000 $395,000 $43,635,000 $229,000 $3,002,000
File Closed For Incompleteness 92 $20,190,000 $219,000 $1,005,000 $197,000 $1,269,000
Application Approved But Not Accepted 80 $14,140,000 $176,000 $665,000 $226,000 $894,000
Preapproval Approved but not Accepted 6 $1,860,000 $310,000 $585,000 $97,000 $212,000
Preapproval Denied by Financial Institution 2 $1,180,000 $590,000 $1,055,000 $127,000 $234,000
Loan Purchased By The 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
Not applicable 3,431 $864,515,000 $251,000 $43,635,000 $237,000 $7,169,000
Debt-To-Income Ratio 711 $149,885,000 $210,000 $1,055,000 $129,000 $823,000
Credit History 269 $35,415,000 $131,000 $2,305,000 $133,000 $1,540,000
Collateral 102 $15,290,000 $149,000 $635,000 $208,000 $1,264,000
Other 74 $16,990,000 $229,000 $1,005,000 $284,000 $2,190,000
Unverifiable Information 20 $5,010,000 $250,000 $505,000 $256,000 $1,220,000
Employment History 7 $635,000 $90,000 $155,000 $124,000 $450,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Hometrust Bank's 2023 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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