Lee Bank & Trust Company Mortgage Lending & HMDA Data, 2015
In 2015, Lee Bank & Trust Company of Pennington Gap, VA reported 96 mortgage applications totaling $4.8 million, down 26% from 2014. The average application was for $49,489, and applicants reported an average income of $46,875. 67% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Kingsport-Bristol-Bristol, TN-VA (9) and Knoxville, TN (1).
| 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 | 96 |
| Total Mortgage Loan Application Amount | $4,751,000 |
| Average Mortgage Loan Application Amount | $49,489 |
| Highest Mortgage Loan Application Amount | $465,000 |
| Average Applicant Income | $46,875 |
| Highest Applicant Income | $175,000 |
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(HMDA) records Lee Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 80 | $ 3,089,000 | $ 38,612 | $ 45,000 |
| Wise, Virginia | 5 | $ 353,000 | $ 70,600 | $ 62,000 |
| Sullivan, Tennessee | 4 | $ 660,000 | $ 165,000 | $ 14,000 |
| Scott, Virginia | 3 | $ 474,000 | $ 158,000 | $ 59,000 |
| Hancock, Tennessee | 1 | $ 5,000 | $ 5,000 | $ 67,000 |
| Union, Tennessee | 1 | $ 20,000 | $ 20,000 | $ 16,000 |
| Bristol, Virginia | 1 | $ 140,000 | $ 140,000 | $ 175,000 |
| Washington, Virginia | 1 | $ 10,000 | $ 10,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for Lee Bank & Trust Company in 2015
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 | 45 | $3,159,000 | $70,000 | $465,000 | $52,000 | $155,000 |
| Home Improvement | 28 | $551,000 | $19,000 | $153,000 | $41,000 | $97,000 |
| Refinancing | 23 | $1,041,000 | $45,000 | $140,000 | $44,000 | $175,000 |
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 | 93 | $4,578,000 | $49,000 | $465,000 | $46,000 | $175,000 |
| Hispanic | 2 | $43,000 | $21,000 | $38,000 | $66,000 | $74,000 |
| Black or African American | 1 | $130,000 | $130,000 | $130,000 | $38,000 | $38,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 96 | $4,751,000 | $49,000 | $465,000 | $47,000 | $175,000 |
| 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 | 64 | $2,993,000 | $46,000 | $465,000 | $51,000 | $175,000 |
| Application Denied By Financial Institution | 29 | $1,396,000 | $48,000 | $175,000 | $36,000 | $73,000 |
| Application Approved But Not Accepted | 2 | $232,000 | $116,000 | $142,000 | $80,000 | $88,000 |
| Application Withdrawn By Applicant | 1 | $130,000 | $130,000 | $130,000 | $38,000 | $38,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Lee Bank & Trust Company's 2015 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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