Monarch Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2008
Monarch Bank 2008 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 | 2,760 |
| Total Mortgage Loan Application Amount | $725,479,000 |
| Average Mortgage Loan Application Amount | $237,333 |
| Highest Mortgage Loan Application Amount | $3,100,000 |
| Average Applicant Income | $90,333 |
| Highest Applicant Income | $1,700,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2008 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 2008 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 2008.
| 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 | 600 | $ 162,917,000 | $ 271,000 | $ 89,000 |
| Prince George's County Maryland | 310 | $ 90,489,000 | $ 291,000 | $ 91,000 |
| Chesapeake County Virginia | 255 | $ 65,131,000 | $ 255,000 | $ 88,000 |
| Norfolk County Virginia | 215 | $ 44,128,000 | $ 205,000 | $ 94,000 |
| Montgomery County Maryland | 169 | $ 58,047,000 | $ 343,000 | $ 109,000 |
| Anne Arundel County Maryland | 139 | $ 42,120,000 | $ 303,000 | $ 83,000 |
| Charles County Maryland | 113 | $ 32,392,000 | $ 286,000 | $ 86,000 |
| Baltimore City County Maryland | 74 | $ 12,620,000 | $ 170,000 | $ 98,000 |
| Portsmouth County Virginia | 65 | $ 10,224,000 | $ 157,000 | $ 66,000 |
| District of Columbia County District Of Columbia | 63 | $ 18,985,000 | $ 301,000 | $ 109,000 |
| St. Mary's County Maryland | 56 | $ 13,814,000 | $ 246,000 | $ 84,000 |
| Suffolk County Virginia | 49 | $ 11,997,000 | $ 244,000 | $ 83,000 |
| Baltimore County Maryland | 45 | $ 11,079,000 | $ 246,000 | $ 77,000 |
| Fairfax County Virginia | 32 | $ 12,145,000 | $ 379,000 | $ 107,000 |
| Dare County North Carolina | 31 | $ 8,074,000 | $ 260,000 | $ 164,000 |
| Howard County Maryland | 29 | $ 9,198,000 | $ 317,000 | $ 93,000 |
| Calvert County Maryland | 27 | $ 7,978,000 | $ 295,000 | $ 79,000 |
| Frederick County Maryland | 26 | $ 7,805,000 | $ 300,000 | $ 85,000 |
| Hampton County Virginia | 26 | $ 5,336,000 | $ 205,000 | $ 101,000 |
| Sussex County Delaware | 25 | $ 5,680,000 | $ 227,000 | $ 103,000 |
| Chesterfield County Virginia | 23 | $ 4,848,000 | $ 210,000 | $ 87,000 |
| Loudoun County Virginia | 22 | $ 7,588,000 | $ 344,000 | $ 101,000 |
| Newport News County Virginia | 22 | $ 3,228,000 | $ 146,000 | $ 73,000 |
| Currituck County North Carolina | 20 | $ 5,664,000 | $ 283,000 | $ 98,000 |
| Prince William County Virginia | 18 | $ 5,029,000 | $ 279,000 | $ 107,000 |
| York County Virginia | 18 | $ 4,175,000 | $ 231,000 | $ 78,000 |
| Philadelphia County Pennsylvania | 13 | $ 2,613,000 | $ 201,000 | $ 150,000 |
| Richmond City County Virginia | 12 | $ 2,427,000 | $ 202,000 | $ 86,000 |
| Henrico County Virginia | 11 | $ 3,205,000 | $ 291,000 | $ 142,000 |
| Isle of Wight County Virginia | 10 | $ 2,486,000 | $ 248,000 | $ 75,000 |
| Stafford County Virginia | 9 | $ 2,452,000 | $ 272,000 | $ 75,000 |
| Arlington County Virginia | 8 | $ 2,280,000 | $ 285,000 | $ 140,000 |
| James City County Virginia | 8 | $ 1,757,000 | $ 219,000 | $ 93,000 |
| King George County Virginia | 8 | $ 1,905,000 | $ 238,000 | $ 78,000 |
| New Castle County Delaware | 7 | $ 1,527,000 | $ 218,000 | $ 41,000 |
| Harford County Maryland | 7 | $ 2,096,000 | $ 299,000 | $ 70,000 |
| Worcester County Maryland | 7 | $ 2,415,000 | $ 345,000 | $ 205,000 |
| Durham County North Carolina | 6 | $ 404,000 | $ 67,000 | $ 76,000 |
| York County Pennsylvania | 6 | $ 1,350,000 | $ 225,000 | $ 67,000 |
| Dinwiddie County Virginia | 6 | $ 1,692,000 | $ 282,000 | $ 95,000 |
| Spotsylvania County Virginia | 6 | $ 1,089,000 | $ 181,000 | $ 63,000 |
| Queen Anne's County Maryland | 5 | $ 1,628,000 | $ 325,000 | $ 15,000 |
| Wicomico County Maryland | 5 | $ 710,000 | $ 142,000 | $ 76,000 |
| Alexandria County Virginia | 5 | $ 1,950,000 | $ 390,000 | $ 186,000 |
| Gloucester County Virginia | 5 | $ 1,026,000 | $ 205,000 | $ 161,000 |
| Poquoson County Virginia | 5 | $ 1,390,000 | $ 278,000 | $ 71,000 |
| Jefferson County West Virginia | 5 | $ 1,453,000 | $ 290,000 | $ 44,000 |
| Duval County Florida | 4 | $ 421,000 | $ 105,000 | $ 79,000 |
| Pinellas County Florida | 4 | $ 491,000 | $ 122,000 | $ 162,000 |
| Carroll County Maryland | 4 | $ 1,474,000 | $ 368,000 | $ 94,000 |
| Mecklenburg County North Carolina | 4 | $ 648,000 | $ 162,000 | $ 69,000 |
| Pasquotank County North Carolina | 4 | $ 679,000 | $ 169,000 | $ 55,000 |
| Southampton County Virginia | 4 | $ 469,000 | $ 117,000 | $ 121,000 |
| Westmoreland County Virginia | 4 | $ 969,000 | $ 242,000 | $ 56,000 |
| Kent County Delaware | 3 | $ 610,000 | $ 203,000 | $ 63,000 |
| Garrett County Maryland | 3 | $ 726,000 | $ 242,000 | $ 185,000 |
| Chowan County North Carolina | 3 | $ 323,000 | $ 107,000 | $ 23,000 |
| Perquimans County North Carolina | 3 | $ 517,000 | $ 172,000 | $ 127,000 |
| Pitt County North Carolina | 3 | $ 261,000 | $ 87,000 | $ 96,000 |
| Adams County Pennsylvania | 3 | $ 653,000 | $ 217,000 | $ 58,000 |
| Berks County Pennsylvania | 3 | $ 420,000 | $ 140,000 | $ 108,000 |
| Laurens County South Carolina | 3 | $ 333,000 | $ 111,000 | $ 82,000 |
| Hanover County Virginia | 3 | $ 748,000 | $ 249,000 | $ 80,000 |
| Petersburg County Virginia | 3 | $ 351,000 | $ 117,000 | $ 142,000 |
| Allegany County Maryland | 2 | $ 263,000 | $ 131,000 | $ 60,000 |
| Caroline County Maryland | 2 | $ 430,000 | $ 215,000 | $ 68,000 |
| Dorchester County Maryland | 2 | $ 481,000 | $ 240,000 | $ 85,000 |
| Talbot County Maryland | 2 | $ 1,043,000 | $ 521,000 | $ 143,000 |
| Washington County Maryland | 2 | $ 566,000 | $ 283,000 | $ 90,000 |
| Jackson County Missouri | 2 | $ 167,000 | $ 83,000 | $ 102,000 |
| Camden County North Carolina | 2 | $ 363,000 | $ 181,000 | $ 130,000 |
| Butler County Pennsylvania | 2 | $ 221,000 | $ 110,000 | $ 44,000 |
| Horry County South Carolina | 2 | $ 513,000 | $ 256,000 | $ 118,000 |
| Spartanburg County South Carolina | 2 | $ 110,000 | $ 55,000 | $ 51,000 |
| Bedford County Virginia | 2 | $ 259,000 | $ 129,000 | $ 74,000 |
| Colonial Heights County Virginia | 2 | $ 334,000 | $ 167,000 | $ 71,000 |
| Franklin City County Virginia | 2 | $ 364,000 | $ 182,000 | $ 128,000 |
| Goochland County Virginia | 2 | $ 537,000 | $ 268,000 | $ 69,000 |
| Louisa County Virginia | 2 | $ 348,000 | $ 174,000 | $ 26,000 |
| Manassas County Virginia | 2 | $ 285,000 | $ 142,000 | $ 90,000 |
| Mathews County Virginia | 2 | $ 557,000 | $ 278,000 | $ 104,000 |
| Monongalia County West Virginia | 2 | $ 292,000 | $ 146,000 | $ 120,000 |
| Brevard County Florida | 1 | $ 79,000 | $ 79,000 | $ 14,000 |
| Collier County Florida | 1 | $ 328,000 | $ 328,000 | $ 580,000 |
| Hillsborough County Florida | 1 | $ 228,000 | $ 228,000 | $ 71,000 |
| Lee County Florida | 1 | $ 243,000 | $ 243,000 | $ 104,000 |
| Monroe County Florida | 1 | $ 380,000 | $ 380,000 | $ 234,000 |
| Palm Beach County Florida | 1 | $ 417,000 | $ 417,000 | $ 336,000 |
| Wakulla County Florida | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Cecil County Maryland | 1 | $ 160,000 | $ 160,000 | $ 47,000 |
| Cabarrus County North Carolina | 1 | $ 286,000 | $ 286,000 | $ 112,000 |
| Forsyth County North Carolina | 1 | $ 213,000 | $ 213,000 | $ 71,000 |
| Franklin County North Carolina | 1 | $ 201,000 | $ 201,000 | $ 83,000 |
| Gaston County North Carolina | 1 | $ 73,000 | $ 73,000 | $ 134,000 |
| Gates County North Carolina | 1 | $ 417,000 | $ 417,000 | $ 61,000 |
| Guilford County North Carolina | 1 | $ 126,000 | $ 126,000 | $ 50,000 |
| Halifax County North Carolina | 1 | $ 354,000 | $ 354,000 | $ 120,000 |
| Northampton County North Carolina | 1 | $ 417,000 | $ 417,000 | $ 270,000 |
| Rowan County North Carolina | 1 | $ 98,000 | $ 98,000 | $ 72,000 |
| Wake County North Carolina | 1 | $ 234,000 | $ 234,000 | $ 73,000 |
| Warren County North Carolina | 1 | $ 365,000 | $ 365,000 | $ 349,000 |
| Franklin County Pennsylvania | 1 | $ 202,000 | $ 202,000 | $ 45,000 |
| Lancaster County Pennsylvania | 1 | $ 192,000 | $ 192,000 | $ 60,000 |
| Northampton County Pennsylvania | 1 | $ 356,000 | $ 356,000 | $ 87,000 |
| Warren County Pennsylvania | 1 | $ 59,000 | $ 59,000 | $ 40,000 |
| Anderson County South Carolina | 1 | $ 295,000 | $ 295,000 | $ 105,000 |
| Orangeburg County South Carolina | 1 | $ 101,000 | $ 101,000 | $ 60,000 |
| Accomack County Virginia | 1 | $ 187,000 | $ 187,000 | $ 45,000 |
| Caroline County Virginia | 1 | $ 206,000 | $ 206,000 | $ 48,000 |
| Culpeper County Virginia | 1 | $ 393,000 | $ 393,000 | $ 0 |
| Cumberland County Virginia | 1 | $ 90,000 | $ 90,000 | $ 42,000 |
| Fairfax City County Virginia | 1 | $ 421,000 | $ 421,000 | $ 110,000 |
| Fauquier County Virginia | 1 | $ 282,000 | $ 282,000 | $ 68,000 |
| Giles County Virginia | 1 | $ 160,000 | $ 160,000 | $ 42,000 |
| Lancaster County Virginia | 1 | $ 562,000 | $ 562,000 | $ 99,000 |
| Lunenburg County Virginia | 1 | $ 174,000 | $ 174,000 | $ 80,000 |
| New Kent County Virginia | 1 | $ 176,000 | $ 176,000 | $ 60,000 |
| Northumberland County Virginia | 1 | $ 120,000 | $ 120,000 | $ 336,000 |
| Prince Edward County Virginia | 1 | $ 352,000 | $ 352,000 | $ 122,000 |
| Winchester County Virginia | 1 | $ 320,000 | $ 320,000 | $ 161,000 |
| Berkeley County West Virginia | 1 | $ 198,000 | $ 198,000 | $ 59,000 |
| Pocahontas County West Virginia | 1 | $ 127,000 | $ 127,000 | $ 234,000 |
Mortgage Loan Application Detail Totals for Monarch Bank in 2008
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 | 1,531 | $394,461,000 | $257,000 | $1,470,000 | $92,000 | $879,000 |
| Refinancing | 1,210 | $327,485,000 | $270,000 | $3,100,000 | $93,000 | $1,700,000 |
| Home Improvement | 19 | $3,533,000 | $185,000 | $417,000 | $86,000 | $192,000 |
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 | 1,695 | $446,473,000 | $263,000 | $1,500,000 | $96,000 | $1,700,000 |
| Black or African American | 691 | $179,845,000 | $260,000 | $735,000 | $87,000 | $420,000 |
| Not Provided | 198 | $49,904,000 | $252,000 | $1,470,000 | $94,000 | $562,000 |
| Hispanic | 101 | $24,515,000 | $242,000 | $462,000 | $73,000 | $214,000 |
| Asian | 48 | $15,496,000 | $322,000 | $960,000 | $112,000 | $470,000 |
| Not applicable | 11 | $4,720,000 | $429,000 | $3,100,000 | $0 | $0 |
| American Indian or Alaskan Native | 9 | $2,173,000 | $241,000 | $386,000 | $61,000 | $113,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,353,000 | $336,000 | $741,000 | $84,000 | $188,000 |
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) | 1,277 | $325,602,000 | $254,000 | $3,100,000 | $113,000 | $1,700,000 |
| FHA-insured (Federal Housing Administration) | 1,063 | $282,024,000 | $265,000 | $743,000 | $78,000 | $807,000 |
| VA-guaranteed (Veterans Administration) | 420 | $117,853,000 | $280,000 | $726,000 | $65,000 | $278,000 |
| 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 | 2,120 | $544,989,000 | $257,000 | $3,100,000 | $89,000 | $1,700,000 |
| Application Withdrawn By Applicant | 341 | $95,898,000 | $281,000 | $969,000 | $108,000 | $879,000 |
| Application Denied By Financial Institution | 178 | $50,879,000 | $285,000 | $900,000 | $85,000 | $420,000 |
| Application Approved But Not Accepted | 80 | $23,143,000 | $289,000 | $944,000 | $116,000 | $752,000 |
| File Closed For Incompleteness | 41 | $10,570,000 | $257,000 | $493,000 | $99,000 | $624,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 60 | $19,829,000 | $330,000 | $847,000 | $88,000 | $336,000 |
| Debt-To-Income Ratio | 53 | $15,090,000 | $284,000 | $900,000 | $58,000 | $194,000 |
| Collateral | 29 | $6,025,000 | $207,000 | $553,000 | $113,000 | $420,000 |
| Other | 19 | $4,615,000 | $242,000 | $880,000 | $92,000 | $200,000 |
| Unverifiable Information | 7 | $2,118,000 | $302,000 | $560,000 | $150,000 | $243,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $2,134,000 | $355,000 | $536,000 | $97,000 | $204,000 |
| Credit Application Incomplete | 3 | $855,000 | $285,000 | $386,000 | $46,000 | $84,000 |
| Employment History | 1 | $213,000 | $213,000 | $213,000 | $33,000 | $33,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Monarch Bank's 2008 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.