Monarch Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2007
Monarch Bank 2007 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Monarch Bank 1435 Crossways Boulevard, Suite 101 Chesapeake, VA 23320 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 822 |
| Total Mortgage Loan Application Amount | $195,178,000 |
| Average Mortgage Loan Application Amount | $283,666 |
| Highest Mortgage Loan Application Amount | $2,115,000 |
| Average Applicant Income | $114,666 |
| Highest Applicant Income | $9,999,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2007 with Monarch Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Monarch Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2007 breaks down Monarch Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Monarch Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Monarch Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Monarch Bank's mortgage activity for 2007.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Virginia Beach County Virginia | 291 | $ 71,526,000 | $ 245,000 | $ 111,000 |
| Chesapeake County Virginia | 104 | $ 22,607,000 | $ 217,000 | $ 85,000 |
| Norfolk County Virginia | 83 | $ 16,193,000 | $ 195,000 | $ 79,000 |
| Prince George's County Maryland | 58 | $ 15,361,000 | $ 264,000 | $ 86,000 |
| Portsmouth County Virginia | 28 | $ 4,227,000 | $ 150,000 | $ 131,000 |
| Suffolk County Virginia | 21 | $ 7,180,000 | $ 341,000 | $ 117,000 |
| Charles County Maryland | 17 | $ 4,587,000 | $ 269,000 | $ 66,000 |
| Anne Arundel County Maryland | 15 | $ 4,334,000 | $ 288,000 | $ 139,000 |
| Montgomery County Maryland | 14 | $ 5,880,000 | $ 420,000 | $ 137,000 |
| Newport News County Virginia | 14 | $ 1,887,000 | $ 134,000 | $ 82,000 |
| Dare County North Carolina | 11 | $ 3,364,000 | $ 305,000 | $ 94,000 |
| Fairfax County Virginia | 11 | $ 4,088,000 | $ 371,000 | $ 1,026,000 |
| Hampton County Virginia | 11 | $ 1,642,000 | $ 149,000 | $ 94,000 |
| Currituck County North Carolina | 9 | $ 2,784,000 | $ 309,000 | $ 65,000 |
| Baltimore City County Maryland | 8 | $ 1,376,000 | $ 172,000 | $ 108,000 |
| Baltimore County Maryland | 6 | $ 1,296,000 | $ 216,000 | $ 73,000 |
| Frederick County Maryland | 6 | $ 1,591,000 | $ 265,000 | $ 99,000 |
| Isle of Wight County Virginia | 5 | $ 1,007,000 | $ 201,000 | $ 92,000 |
| Prince William County Virginia | 5 | $ 1,495,000 | $ 299,000 | $ 98,000 |
| District of Columbia County District Of Columbia | 4 | $ 933,000 | $ 233,000 | $ 74,000 |
| Calvert County Maryland | 4 | $ 1,410,000 | $ 352,000 | $ 63,000 |
| St. Mary's County Maryland | 4 | $ 1,229,000 | $ 307,000 | $ 87,000 |
| Camden County North Carolina | 4 | $ 763,000 | $ 190,000 | $ 87,000 |
| Durham County North Carolina | 4 | $ 380,000 | $ 95,000 | $ 76,000 |
| Franklin County Pennsylvania | 4 | $ 622,000 | $ 155,000 | $ 55,000 |
| Pasquotank County North Carolina | 3 | $ 485,000 | $ 161,000 | $ 51,000 |
| Clearfield County Pennsylvania | 3 | $ 169,000 | $ 56,000 | $ 70,000 |
| Cumberland County Pennsylvania | 3 | $ 405,000 | $ 135,000 | $ 55,000 |
| York County Pennsylvania | 3 | $ 578,000 | $ 192,000 | $ 65,000 |
| Albemarle County Virginia | 3 | $ 416,000 | $ 138,000 | $ 105,000 |
| Carroll County Maryland | 2 | $ 571,000 | $ 285,000 | $ 96,000 |
| Oconee County South Carolina | 2 | $ 328,000 | $ 164,000 | $ 79,000 |
| Henrico County Virginia | 2 | $ 422,000 | $ 211,000 | $ 95,000 |
| James City County Virginia | 2 | $ 395,000 | $ 197,000 | $ 62,000 |
| Northumberland County Virginia | 2 | $ 704,000 | $ 352,000 | $ 287,000 |
| Richmond City County Virginia | 2 | $ 521,000 | $ 260,000 | $ 66,000 |
| York County Virginia | 2 | $ 659,000 | $ 329,000 | $ 118,000 |
| Sussex County Delaware | 1 | $ 213,000 | $ 213,000 | $ 54,000 |
| Brevard County Florida | 1 | $ 90,000 | $ 90,000 | $ 18,000 |
| Miami-Dade County Florida | 1 | $ 152,000 | $ 152,000 | $ 81,000 |
| Osceola County Florida | 1 | $ 291,000 | $ 291,000 | $ 185,000 |
| Palm Beach County Florida | 1 | $ 364,000 | $ 364,000 | $ 196,000 |
| Pinellas County Florida | 1 | $ 158,000 | $ 158,000 | $ 52,000 |
| Polk County Florida | 1 | $ 214,000 | $ 214,000 | $ 0 |
| Sarasota County Florida | 1 | $ 166,000 | $ 166,000 | $ 32,000 |
| Cecil County Maryland | 1 | $ 149,000 | $ 149,000 | $ 44,000 |
| Harford County Maryland | 1 | $ 320,000 | $ 320,000 | $ 79,000 |
| Howard County Maryland | 1 | $ 250,000 | $ 250,000 | $ 65,000 |
| Queen Anne's County Maryland | 1 | $ 361,000 | $ 361,000 | $ 107,000 |
| Wicomico County Maryland | 1 | $ 258,000 | $ 258,000 | $ 94,000 |
| Worcester County Maryland | 1 | $ 400,000 | $ 400,000 | $ 177,000 |
| Chowan County North Carolina | 1 | $ 128,000 | $ 128,000 | $ 144,000 |
| Gates County North Carolina | 1 | $ 171,000 | $ 171,000 | $ 51,000 |
| Guilford County North Carolina | 1 | $ 68,000 | $ 68,000 | $ 33,000 |
| Mecklenburg County North Carolina | 1 | $ 328,000 | $ 328,000 | $ 73,000 |
| Perquimans County North Carolina | 1 | $ 461,000 | $ 461,000 | $ 179,000 |
| Union County North Carolina | 1 | $ 202,000 | $ 202,000 | $ 102,000 |
| Wake County North Carolina | 1 | $ 562,000 | $ 562,000 | $ 412,000 |
| Adams County Pennsylvania | 1 | $ 166,000 | $ 166,000 | $ 35,000 |
| Bedford County Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 63,000 |
| Berks County Pennsylvania | 1 | $ 160,000 | $ 160,000 | $ 39,000 |
| Blair County Pennsylvania | 1 | $ 188,000 | $ 188,000 | $ 90,000 |
| Chester County Pennsylvania | 1 | $ 216,000 | $ 216,000 | $ 113,000 |
| Indiana County Pennsylvania | 1 | $ 56,000 | $ 56,000 | $ 84,000 |
| Lancaster County Pennsylvania | 1 | $ 247,000 | $ 247,000 | $ 74,000 |
| Mifflin County Pennsylvania | 1 | $ 68,000 | $ 68,000 | $ 26,000 |
| Monroe County Pennsylvania | 1 | $ 90,000 | $ 90,000 | $ 73,000 |
| Northampton County Pennsylvania | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Philadelphia County Pennsylvania | 1 | $ 60,000 | $ 60,000 | $ 158,000 |
| York County South Carolina | 1 | $ 55,000 | $ 55,000 | $ 72,000 |
| Accomack County Virginia | 1 | $ 159,000 | $ 159,000 | $ 26,000 |
| Alexandria County Virginia | 1 | $ 216,000 | $ 216,000 | $ 47,000 |
| Amherst County Virginia | 1 | $ 140,000 | $ 140,000 | $ 62,000 |
| Arlington County Virginia | 1 | $ 700,000 | $ 700,000 | $ 408,000 |
| Caroline County Virginia | 1 | $ 264,000 | $ 264,000 | $ 58,000 |
| Carroll County Virginia | 1 | $ 210,000 | $ 210,000 | $ 29,000 |
| Chesterfield County Virginia | 1 | $ 291,000 | $ 291,000 | $ 133,000 |
| Franklin City County Virginia | 1 | $ 118,000 | $ 118,000 | $ 28,000 |
| Gloucester County Virginia | 1 | $ 279,000 | $ 279,000 | $ 91,000 |
| King George County Virginia | 1 | $ 171,000 | $ 171,000 | $ 36,000 |
| Loudoun County Virginia | 1 | $ 325,000 | $ 325,000 | $ 102,000 |
| Mecklenburg County Virginia | 1 | $ 117,000 | $ 117,000 | $ 135,000 |
| Poquoson County Virginia | 1 | $ 194,000 | $ 194,000 | $ 42,000 |
| Shenandoah County Virginia | 1 | $ 417,000 | $ 417,000 | $ 0 |
| Southampton County Virginia | 1 | $ 255,000 | $ 255,000 | $ 66,000 |
| Spotsylvania County Virginia | 1 | $ 340,000 | $ 340,000 | $ 82,000 |
| Westmoreland County Virginia | 1 | $ 214,000 | $ 214,000 | $ 48,000 |
| Hampshire County West Virginia | 1 | $ 241,000 | $ 241,000 | $ 95,000 |
| Jefferson County West Virginia | 1 | $ 271,000 | $ 271,000 | $ 0 |
Mortgage Loan Application Detail Totals for Monarch Bank in 2007
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 | 472 | $104,691,000 | $221,000 | $1,500,000 | $93,000 | $1,299,000 |
| Refinancing | 336 | $85,198,000 | $253,000 | $1,225,000 | $135,000 | $9,999,000 |
| Home Improvement | 14 | $5,289,000 | $377,000 | $2,115,000 | $116,000 | $610,000 |
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 | 572 | $132,666,000 | $231,000 | $1,500,000 | $121,000 | $9,999,000 |
| Black or African American | 164 | $38,862,000 | $236,000 | $2,115,000 | $81,000 | $610,000 |
| Hispanic | 38 | $9,737,000 | $256,000 | $700,000 | $92,000 | $408,000 |
| Not Provided | 31 | $7,430,000 | $239,000 | $509,000 | $117,000 | $375,000 |
| Asian | 9 | $3,713,000 | $412,000 | $1,088,000 | $113,000 | $240,000 |
| Not applicable | 6 | $2,064,000 | $344,000 | $1,225,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 2 | $706,000 | $353,000 | $375,000 | $129,000 | $146,000 |
| 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) | 641 | $153,806,000 | $239,000 | $2,115,000 | $123,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 99 | $22,301,000 | $225,000 | $411,000 | $67,000 | $268,000 |
| VA-guaranteed (Veterans Administration) | 82 | $19,071,000 | $232,000 | $472,000 | $62,000 | $165,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 644 | $154,502,000 | $239,000 | $2,115,000 | $113,000 | $9,999,000 |
| Application Withdrawn By Applicant | 81 | $15,637,000 | $193,000 | $741,000 | $96,000 | $516,000 |
| File Closed For Incompleteness | 46 | $11,450,000 | $248,000 | $562,000 | $93,000 | $412,000 |
| Application Denied By Financial Institution | 32 | $8,628,000 | $269,000 | $1,088,000 | $110,000 | $516,000 |
| Application Approved But Not Accepted | 19 | $4,961,000 | $261,000 | $591,000 | $117,000 | $375,000 |
| 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 | 11 | $2,912,000 | $264,000 | $368,000 | $62,000 | $110,000 |
| Credit History | 10 | $2,281,000 | $228,000 | $509,000 | $69,000 | $145,000 |
| Other | 6 | $2,396,000 | $399,000 | $1,088,000 | $209,000 | $264,000 |
| Collateral | 3 | $345,000 | $115,000 | $192,000 | $208,000 | $516,000 |
| Unverifiable Information | 1 | $352,000 | $352,000 | $352,000 | $141,000 | $141,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $342,000 | $342,000 | $342,000 | $124,000 | $124,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Monarch Bank's 2007 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 Monarch 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.