Lebanon Valley Farmers Bank Mortgage Lending & HMDA Data, 2005
In 2005, Lebanon Valley Farmers Bank of Lebanon, PA reported 1,070 mortgage applications totaling $64.9 million, down 13% from 2004. The average application was for $60,668, and applicants reported an average income of $53,027. 80% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Lebanon, PA (722), Reading, PA (75) and Harrisburg-Carlisle, PA (20) (applications in parentheses).
| Mortgage Company & Address | Lebanon Valley Farmers Bank 555 Willow Street P.O. Box 1285 Lebanon, PA 17042 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,070 |
| Total Mortgage Loan Application Amount | $64,915,000 |
| Average Mortgage Loan Application Amount | $60,668 |
| Highest Mortgage Loan Application Amount | $422,000 |
| Average Applicant Income | $53,027 |
| Highest Applicant Income | $807,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lebanon Valley Farmers Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lebanon, PA | 722 | $ 42,098,000 | $ 58,307 | $ 49,000 |
| Reading, PA | 75 | $ 5,088,000 | $ 67,840 | $ 47,000 |
| Harrisburg-Carlisle, PA | 20 | $ 1,297,000 | $ 64,850 | $ 84,000 |
| Lancaster, PA | 15 | $ 920,000 | $ 61,333 | $ 65,000 |
| Nassau-Suffolk, NY | 1 | $ 57,000 | $ 57,000 | $ 49,000 |
| York-Hanover, PA | 1 | $ 33,000 | $ 33,000 | $ 73,000 |
Mortgage Loan Application Detail Totals for Lebanon Valley Farmers Bank 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 Improvement | 398 | $10,108,000 | $41,000 | $400,000 | $53,500 | $185,000 |
| Home Purchase | 386 | $36,553,000 | $96,000 | $312,000 | $42,000 | $807,000 |
| Refinancing | 286 | $18,254,000 | $63,000 | $422,000 | $57,000 | $400,000 |
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 | 1,004 | $61,112,000 | $71,000 | $422,000 | $47,333 | $807,000 |
| Hispanic | 24 | $1,401,000 | $76,000 | $186,000 | $38,000 | $171,000 |
| Not Provided | 18 | $768,000 | $42,000 | $400,000 | $64,000 | $137,000 |
| Not applicable | 9 | $733,000 | $81,000 | $240,000 | $0 | $0 |
| Asian | 6 | $213,000 | $35,000 | $119,000 | $44,000 | $80,000 |
| Black or African American | 6 | $515,000 | $85,000 | $186,000 | $43,000 | $67,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $173,000 | $57,000 | $78,000 | $18,000 | $22,000 |
| 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) | 1,046 | $62,612,000 | $71,000 | $422,000 | $48,666 | $807,000 |
| FHA-insured (Federal Housing Administration) | 18 | $1,572,000 | $86,500 | $174,000 | $33,500 | $71,000 |
| VA-guaranteed (Veterans Administration) | 5 | $627,000 | $125,000 | $256,000 | $37,000 | $51,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $104,000 | $104,000 | $104,000 | $55,000 | $55,000 |
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 | 854 | $49,270,000 | $57,000 | $422,000 | $56,000 | $807,000 |
| Preapproval Denied by Financial Institution | 78 | $7,775,000 | $99,000 | $256,000 | $37,000 | $99,000 |
| Application Denied By Financial Institution | 76 | $3,612,000 | $52,000 | $232,000 | $47,000 | $185,000 |
| Application Approved But Not Accepted | 40 | $2,655,000 | $66,000 | $250,000 | $51,000 | $210,000 |
| Application Withdrawn By Applicant | 21 | $1,203,000 | $57,000 | $149,000 | $50,000 | $100,000 |
| File Closed For Incompleteness | 1 | $400,000 | $400,000 | $400,000 | $134,000 | $134,000 |
| 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 | 77 | $4,677,000 | $60,000 | $234,000 | $38,500 | $99,000 |
| Debt-To-Income Ratio | 52 | $5,112,000 | $81,333 | $256,000 | $43,000 | $137,000 |
| Employment History | 9 | $379,000 | $42,500 | $100,000 | $25,500 | $44,000 |
| Collateral | 8 | $630,000 | $78,000 | $232,000 | $42,000 | $78,000 |
| Credit Application Incomplete | 3 | $249,000 | $92,000 | $120,000 | $46,000 | $62,000 |
| Other | 3 | $120,000 | $54,500 | $99,000 | $98,000 | $185,000 |
| Unverifiable Information | 1 | $85,000 | $85,000 | $85,000 | $49,000 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $135,000 | $135,000 | $135,000 | $64,000 | $64,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lebanon Valley Farmers Bank'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 Lebanon Valley Farmers 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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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