Lee Bank & Trust Company Mortgage Lending & HMDA Data, 2019
In 2019, Lee Bank & Trust Company of Pennington Gap, VA reported 80 mortgage applications totaling $6.2 million, up 10% from 2018. The average application was for $77,500, and applicants reported an average income of $59,475. 51% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Kingsport-Bristol-Bristol, TN-VA (7), Charleston-North Charleston, SC (2) and Chattanooga, TN-GA (1) (applications in parentheses).
| Mortgage Company & Address | Lee Bank & Trust Company P.O. Box 100 Pennington Gap, VA 24277 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 80 |
| Total Mortgage Loan Application Amount | $6,200,000 |
| Average Mortgage Loan Application Amount | $77,500 |
| Highest Mortgage Loan Application Amount | $1,425,000 |
| Average Applicant Income | $59,475 |
| Highest Applicant Income | $427,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lee Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lee, Virginia | 56 | $ 3,010,000 | $ 53,750 | $ 53,000 |
| Wise, Virginia | 5 | $ 585,000 | $ 117,000 | $ 129,000 |
| Sullivan, Tennessee | 4 | $ 110,000 | $ 27,500 | $ 13,000 |
| Smyth, Virginia | 4 | $ 170,000 | $ 42,500 | $ 54,000 |
| Washington, Virginia | 3 | $ 135,000 | $ 45,000 | $ 36,000 |
| Charleston, South Carolina | 2 | $ 1,600,000 | $ 800,000 | $ 217,000 |
| Sevier, Tennessee | 2 | $ 370,000 | $ 185,000 | $ 0 |
| Harlan, Kentucky | 1 | $ 45,000 | $ 45,000 | $ 26,000 |
| Claiborne, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Hamilton, Tennessee | 1 | $ 105,000 | $ 105,000 | $ 55,000 |
| Washington, Tennessee | 1 | $ 35,000 | $ 35,000 | $ 0 |
Mortgage Loan Application Detail Totals for Lee Bank & Trust Company in 2019
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 | 43 | $4,155,000 | $96,000 | $1,425,000 | $57,000 | $289,000 |
| Refinancing | 19 | $1,055,000 | $55,000 | $205,000 | $51,000 | $176,000 |
| Other Purpose | 14 | $830,000 | $59,000 | $155,000 | $85,000 | $427,000 |
| Home Improvement | 4 | $160,000 | $40,000 | $85,000 | $37,000 | $70,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 69 | $5,065,000 | $73,000 | $1,425,000 | $59,000 | $427,000 |
| Not applicable | 5 | $745,000 | $149,000 | $215,000 | $0 | $0 |
| Not Provided | 2 | $80,000 | $40,000 | $65,000 | $41,000 | $73,000 |
| Black or African American | 2 | $250,000 | $125,000 | $125,000 | $47,000 | $47,000 |
| Hispanic | 2 | $60,000 | $30,000 | $55,000 | $97,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 80 | $6,200,000 | $77,000 | $1,425,000 | $59,000 | $427,000 |
| 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 | 41 | $4,005,000 | $97,000 | $1,425,000 | $89,000 | $427,000 |
| Application Denied By Financial Institution | 28 | $1,420,000 | $50,000 | $165,000 | $38,000 | $84,000 |
| Application Approved But Not Accepted | 8 | $640,000 | $80,000 | $155,000 | $41,000 | $97,000 |
| Application Withdrawn By Applicant | 3 | $135,000 | $45,000 | $65,000 | $35,000 | $69,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 80 | $6,200,000 | $77,000 | $1,425,000 | $59,000 | $427,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lee Bank & Trust Company's 2019 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 Lee Bank & Trust Company'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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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