Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2013
In 2013, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 495 mortgage applications totaling $100.9 million, down 43% from 2012. The average application was for $203,894, and applicants reported an average income of $92,636. 80% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Asheville, NC (253), Charlotte-Gastonia-Rock Hill, NC-SC (74) and Hickory-Lenoir-Morganton, NC (14) (applications in parentheses).
| Mortgage Company & Address | Mountain 1st Bank & Trust Comp 101 Jack Street Hendersonville, NC 28792 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 495 |
| Total Mortgage Loan Application Amount | $100,928,000 |
| Average Mortgage Loan Application Amount | $203,894 |
| Highest Mortgage Loan Application Amount | $995,000 |
| Average Applicant Income | $92,636 |
| Highest Applicant Income | $720,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Henderson, North Carolina | 204 | $ 37,312,000 | $ 182,901 | $ 73,000 |
| Mecklenburg, North Carolina | 50 | $ 12,426,000 | $ 248,520 | $ 129,000 |
| Polk, North Carolina | 46 | $ 9,107,000 | $ 197,978 | $ 78,000 |
| Buncombe, North Carolina | 34 | $ 7,924,000 | $ 233,058 | $ 107,000 |
| McDowell, North Carolina | 22 | $ 3,492,000 | $ 158,727 | $ 84,000 |
| Rutherford, North Carolina | 22 | $ 3,504,000 | $ 159,272 | $ 80,000 |
| Union, North Carolina | 16 | $ 3,538,000 | $ 221,125 | $ 109,000 |
| Haywood, North Carolina | 14 | $ 2,565,000 | $ 183,214 | $ 87,000 |
| Cleveland, North Carolina | 9 | $ 2,217,000 | $ 246,333 | $ 88,000 |
| Jackson, North Carolina | 9 | $ 1,626,000 | $ 180,666 | $ 60,000 |
| Transylvania, North Carolina | 9 | $ 1,349,000 | $ 149,888 | $ 66,000 |
| Burke, North Carolina | 6 | $ 1,722,000 | $ 287,000 | $ 171,000 |
| Catawba, North Carolina | 5 | $ 1,401,000 | $ 280,200 | $ 206,000 |
| Iredell, North Carolina | 5 | $ 1,697,000 | $ 339,400 | $ 203,000 |
| Charleston, South Carolina | 5 | $ 1,680,000 | $ 336,000 | $ 161,000 |
| Gaston, North Carolina | 4 | $ 923,000 | $ 230,750 | $ 185,000 |
| Spartanburg, South Carolina | 4 | $ 996,000 | $ 249,000 | $ 154,000 |
| Brunswick, North Carolina | 3 | $ 579,000 | $ 193,000 | $ 206,000 |
| Caldwell, North Carolina | 3 | $ 621,000 | $ 207,000 | $ 82,000 |
| Wake, North Carolina | 3 | $ 681,000 | $ 227,000 | $ 175,000 |
| Greenville, South Carolina | 3 | $ 926,000 | $ 308,666 | $ 73,000 |
| Lancaster, South Carolina | 3 | $ 526,000 | $ 175,333 | $ 53,000 |
| Cabarrus, North Carolina | 2 | $ 425,000 | $ 212,500 | $ 134,000 |
| York, South Carolina | 2 | $ 303,000 | $ 151,500 | $ 49,000 |
| Alamance, North Carolina | 1 | $ 160,000 | $ 160,000 | $ 190,000 |
| Avery, North Carolina | 1 | $ 630,000 | $ 630,000 | $ 150,000 |
| Davie, North Carolina | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| Lincoln, North Carolina | 1 | $ 216,000 | $ 216,000 | $ 65,000 |
| Madison, North Carolina | 1 | $ 356,000 | $ 356,000 | $ 120,000 |
| Moore, North Carolina | 1 | $ 180,000 | $ 180,000 | $ 136,000 |
| Watauga, North Carolina | 1 | $ 220,000 | $ 220,000 | $ 312,000 |
| Georgetown, South Carolina | 1 | $ 145,000 | $ 145,000 | $ 55,000 |
| Horry, South Carolina | 1 | $ 116,000 | $ 116,000 | $ 63,000 |
| Laurens, South Carolina | 1 | $ 45,000 | $ 45,000 | $ 36,000 |
| Newberry, South Carolina | 1 | $ 160,000 | $ 160,000 | $ 58,000 |
| Pickens, South Carolina | 1 | $ 995,000 | $ 995,000 | $ 283,000 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2013
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 |
|---|---|---|---|---|---|---|
| Refinancing | 252 | $50,790,000 | $201,000 | $995,000 | $93,000 | $720,000 |
| Home Purchase | 223 | $45,620,000 | $204,000 | $659,000 | $93,000 | $521,000 |
| Home Improvement | 20 | $4,518,000 | $225,000 | $670,000 | $84,000 | $533,000 |
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 | 481 | $96,986,000 | $201,000 | $995,000 | $93,000 | $720,000 |
| Not applicable | 4 | $1,830,000 | $457,000 | $748,000 | $0 | $0 |
| Hispanic | 4 | $879,000 | $219,000 | $258,000 | $85,000 | $128,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $446,000 | $148,000 | $187,000 | $73,000 | $130,000 |
| Black or African American | 2 | $387,000 | $193,000 | $227,000 | $129,000 | $190,000 |
| Not Provided | 1 | $400,000 | $400,000 | $400,000 | $226,000 | $226,000 |
| 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) | 469 | $96,602,000 | $205,000 | $995,000 | $95,000 | $720,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,367,000 | $131,000 | $262,000 | $34,000 | $66,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,959,000 | $244,000 | $455,000 | $75,000 | $165,000 |
| FHA-insured (Federal Housing 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 | 398 | $81,225,000 | $204,000 | $748,000 | $94,000 | $720,000 |
| Application Withdrawn By Applicant | 53 | $11,663,000 | $220,000 | $472,000 | $99,000 | $360,000 |
| Application Denied By Financial Institution | 32 | $5,253,000 | $164,000 | $417,000 | $60,000 | $156,000 |
| Application Approved But Not Accepted | 7 | $2,030,000 | $290,000 | $995,000 | $124,000 | $283,000 |
| File Closed For Incompleteness | 5 | $757,000 | $151,000 | $195,000 | $121,000 | $303,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 Mountain 1st Bank & Trust Comp's 2013 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 Mountain 1st Bank & Trust Comp'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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