Miners Exchange Bank Mortgage Lending & HMDA Data, 2018
In 2018, Miners Exchange Bank of Coeburn, VA reported 109 mortgage applications totaling $7.3 million, down 20% from 2017. The average application was for $67,201, and applicants reported an average income of $52,522. 84% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Kingsport-Bristol-Bristol, TN-VA (6), Johnson City, TN (2) and Deltona-Daytona Beach-Ormond Beach, FL (1) (applications in parentheses).
| Mortgage Company & Address | Miners Exchange Bank Po Box 1197 Coeburn, VA 24230 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 109 |
| Total Mortgage Loan Application Amount | $7,325,000 |
| Average Mortgage Loan Application Amount | $67,201 |
| Highest Mortgage Loan Application Amount | $315,000 |
| Average Applicant Income | $52,522 |
| Highest Applicant Income | $230,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Miners Exchange Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 99 | $ 6,215,000 | $ 62,777 | $ 50,000 |
| Kingsport-Bristol-Bristol, TN-VA | 6 | $ 690,000 | $ 115,000 | $ 62,000 |
| Johnson City, TN | 2 | $ 100,000 | $ 50,000 | $ 101,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 115,000 | $ 115,000 | $ 230,000 |
Mortgage Loan Application Detail Totals for Miners Exchange Bank in 2018
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 | 54 | $3,900,000 | $72,000 | $315,000 | $56,000 | $183,000 |
| Cash-out Refinancing | 42 | $3,090,000 | $73,000 | $145,000 | $51,000 | $230,000 |
| Home Improvement | 13 | $335,000 | $25,000 | $45,000 | $43,000 | $72,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 | 108 | $7,300,000 | $67,000 | $315,000 | $52,000 | $230,000 |
| Black or African American | 1 | $25,000 | $25,000 | $25,000 | $135,000 | $135,000 |
| Hispanic | 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 |
| 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) | 109 | $7,325,000 | $67,000 | $315,000 | $52,000 | $230,000 |
| 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 | 92 | $6,550,000 | $71,000 | $315,000 | $54,000 | $230,000 |
| Application Approved But Not Accepted | 10 | $400,000 | $40,000 | $85,000 | $32,000 | $57,000 |
| Application Withdrawn By Applicant | 4 | $160,000 | $40,000 | $65,000 | $46,000 | $78,000 |
| Application Denied By Financial Institution | 3 | $215,000 | $71,000 | $145,000 | $81,000 | $117,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 106 | $7,110,000 | $67,000 | $315,000 | $52,000 | $230,000 |
| Credit History | 3 | $215,000 | $71,000 | $145,000 | $81,000 | $117,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Miners Exchange Bank's 2018 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 Miners Exchange 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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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