Lee Bank & Trust Company Mortgage Lending & HMDA Data, 2023
In 2023, Lee Bank & Trust Company of Pennington Gap, VA reported 47 mortgage applications totaling $5.0 million. The average application was for $105,851, and applicants reported an average income of $86,893. 62% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Kingsport-Bristol-Bristol, TN-VA (7) 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 | 2025 2024 2023 |
| Total Number of Mortgage Applications | 47 |
| Total Mortgage Loan Application Amount | $4,975,000 |
| Average Mortgage Loan Application Amount | $105,851 |
| Highest Mortgage Loan Application Amount | $425,000 |
| Average Applicant Income | $86,893 |
| Highest Applicant Income | $432,000 |
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(HMDA) records Lee Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 24 | $ 1,990,000 | $ 82,916 | $ 82,000 |
| Wise, Virginia | 8 | $ 950,000 | $ 118,750 | $ 432,000 |
| Hawkins, Tennessee | 2 | $ 550,000 | $ 275,000 | $ 92,000 |
| Norton, Virginia | 2 | $ 580,000 | $ 290,000 | $ 61,000 |
| Tazewell, Virginia | 2 | $ 170,000 | $ 85,000 | $ 55,000 |
| Washington, Virginia | 2 | $ 290,000 | $ 145,000 | $ 86,000 |
| Sullivan, Tennessee | 1 | $ 225,000 | $ 225,000 | $ 86,000 |
| Union, Tennessee | 1 | $ 5,000 | $ 5,000 | $ 83,000 |
| Bristol, Virginia | 1 | $ 115,000 | $ 115,000 | $ 48,000 |
| Scott, Virginia | 1 | $ 65,000 | $ 65,000 | $ 0 |
Mortgage Loan Application Detail Totals for Lee Bank & Trust Company 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 36 | $4,380,000 | $121,000 | $425,000 | $94,000 | $432,000 |
| Refinancing | 6 | $370,000 | $61,000 | $105,000 | $81,000 | $152,000 |
| Other Purpose | 4 | $160,000 | $40,000 | $65,000 | $39,000 | $55,000 |
| Home Improvement | 1 | $65,000 | $65,000 | $65,000 | $58,000 | $58,000 |
| 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 | 38 | $3,700,000 | $97,000 | $425,000 | $88,000 | $432,000 |
| Not applicable | 9 | $1,275,000 | $141,000 | $375,000 | $0 | $0 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 47 | $4,975,000 | $105,000 | $425,000 | $88,000 | $432,000 |
| 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 | 29 | $2,795,000 | $96,000 | $375,000 | $83,000 | $253,000 |
| Application Denied By Financial Institution | 10 | $1,310,000 | $131,000 | $425,000 | $77,000 | $141,000 |
| Application Withdrawn By Applicant | 7 | $865,000 | $123,000 | $255,000 | $119,000 | $432,000 |
| File Closed For Incompleteness | 1 | $5,000 | $5,000 | $5,000 | $11,000 | $11,000 |
| Application Approved But Not Accepted | 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 | 47 | $4,975,000 | $105,000 | $425,000 | $88,000 | $432,000 |
| 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 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 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About