Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2006
In 2006, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 801 mortgage applications totaling $146.3 million, down 1% from 2005. The average application was for $182,700, and applicants reported an average income of $114,807. 89% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Asheville, NC (515), Spartanburg, SC (29) and Greenville, SC (11) (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 | 801 |
| Total Mortgage Loan Application Amount | $146,343,000 |
| Average Mortgage Loan Application Amount | $182,700 |
| Highest Mortgage Loan Application Amount | $1,215,000 |
| Average Applicant Income | $114,807 |
| Highest Applicant Income | $2,918,000 |
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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 325 | $ 54,396,000 | $ 167,372 | $ 83,000 |
| Buncombe, North Carolina | 134 | $ 29,572,000 | $ 220,686 | $ 149,000 |
| Polk, North Carolina | 89 | $ 17,863,000 | $ 200,707 | $ 87,000 |
| Haywood, North Carolina | 54 | $ 9,759,000 | $ 180,722 | $ 59,000 |
| Transylvania, North Carolina | 45 | $ 9,191,000 | $ 204,244 | $ 193,000 |
| McDowell, North Carolina | 35 | $ 3,826,000 | $ 109,314 | $ 76,000 |
| Spartanburg, South Carolina | 29 | $ 3,968,000 | $ 136,827 | $ 137,000 |
| Cleveland, North Carolina | 18 | $ 1,806,000 | $ 100,333 | $ 93,000 |
| Rutherford, North Carolina | 15 | $ 3,938,000 | $ 262,533 | $ 319,000 |
| Greenville, South Carolina | 9 | $ 1,974,000 | $ 219,333 | $ 76,000 |
| Mecklenburg, North Carolina | 5 | $ 1,445,000 | $ 289,000 | $ 276,000 |
| Charleston, South Carolina | 5 | $ 1,030,000 | $ 206,000 | $ 154,000 |
| Jackson, North Carolina | 2 | $ 553,000 | $ 276,500 | $ 290,000 |
| Madison, North Carolina | 2 | $ 249,000 | $ 124,500 | $ 75,000 |
| Onslow, North Carolina | 2 | $ 150,000 | $ 75,000 | $ 2,528,000 |
| Orange, North Carolina | 2 | $ 576,000 | $ 288,000 | $ 102,000 |
| Abbeville, South Carolina | 2 | $ 122,000 | $ 61,000 | $ 28,000 |
| Beaufort, South Carolina | 2 | $ 642,000 | $ 321,000 | $ 212,000 |
| Pickens, South Carolina | 2 | $ 488,000 | $ 244,000 | $ 337,000 |
| Sullivan, Tennessee | 2 | $ 183,000 | $ 91,500 | $ 71,000 |
| Fulton, Georgia | 1 | $ 79,000 | $ 79,000 | $ 31,000 |
| Avery, North Carolina | 1 | $ 132,000 | $ 132,000 | $ 316,000 |
| Burke, North Carolina | 1 | $ 160,000 | $ 160,000 | $ 65,000 |
| Catawba, North Carolina | 1 | $ 42,000 | $ 42,000 | $ 27,000 |
| Cherokee, North Carolina | 1 | $ 60,000 | $ 60,000 | $ 61,000 |
| Craven, North Carolina | 1 | $ 80,000 | $ 80,000 | $ 37,000 |
| Gaston, North Carolina | 1 | $ 59,000 | $ 59,000 | $ 42,000 |
| Iredell, North Carolina | 1 | $ 330,000 | $ 330,000 | $ 0 |
| Macon, North Carolina | 1 | $ 102,000 | $ 102,000 | $ 55,000 |
| New Hanover, North Carolina | 1 | $ 145,000 | $ 145,000 | $ 57,000 |
| Person, North Carolina | 1 | $ 57,000 | $ 57,000 | $ 63,000 |
| Wake, North Carolina | 1 | $ 94,000 | $ 94,000 | $ 47,000 |
| Yancey, North Carolina | 1 | $ 65,000 | $ 65,000 | $ 27,000 |
| Aiken, South Carolina | 1 | $ 263,000 | $ 263,000 | $ 55,000 |
| Anderson, South Carolina | 1 | $ 75,000 | $ 75,000 | $ 191,000 |
| Dorchester, South Carolina | 1 | $ 98,000 | $ 98,000 | $ 55,000 |
| Georgetown, South Carolina | 1 | $ 790,000 | $ 790,000 | $ 250,000 |
| Horry, South Carolina | 1 | $ 590,000 | $ 590,000 | $ 126,000 |
| Oconee, South Carolina | 1 | $ 349,000 | $ 349,000 | $ 160,000 |
| Richland, South Carolina | 1 | $ 650,000 | $ 650,000 | $ 199,000 |
| Sevier, Tennessee | 1 | $ 230,000 | $ 230,000 | $ 145,000 |
| Travis, Texas | 1 | $ 162,000 | $ 162,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2006
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 | 469 | $85,106,000 | $181,000 | $1,065,000 | $111,000 | $2,400,000 |
| Refinancing | 310 | $58,022,000 | $187,000 | $1,215,000 | $107,000 | $2,918,000 |
| Home Improvement | 22 | $3,215,000 | $146,000 | $640,000 | $306,000 | $2,528,000 |
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 | 717 | $131,753,000 | $183,000 | $1,215,000 | $110,000 | $2,918,000 |
| Not applicable | 52 | $9,309,000 | $179,000 | $700,000 | $199,000 | $2,120,000 |
| Black or African American | 11 | $1,682,000 | $152,000 | $380,000 | $51,000 | $140,000 |
| Not Provided | 10 | $1,178,000 | $117,000 | $292,000 | $85,000 | $261,000 |
| Hispanic | 8 | $2,015,000 | $251,000 | $416,000 | $102,000 | $184,000 |
| Asian | 2 | $308,000 | $154,000 | $248,000 | $64,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $98,000 | $98,000 | $98,000 | $42,000 | $42,000 |
| 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) | 785 | $144,615,000 | $184,000 | $1,215,000 | $116,000 | $2,918,000 |
| VA-guaranteed (Veterans Administration) | 13 | $1,538,000 | $118,000 | $175,000 | $36,000 | $67,000 |
| FHA-insured (Federal Housing Administration) | 3 | $190,000 | $63,000 | $77,000 | $11,000 | $34,000 |
| 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 | 716 | $130,502,000 | $182,000 | $1,215,000 | $119,000 | $2,918,000 |
| Application Withdrawn By Applicant | 47 | $9,784,000 | $208,000 | $900,000 | $101,000 | $411,000 |
| Application Denied By Financial Institution | 29 | $4,592,000 | $158,000 | $700,000 | $41,000 | $139,000 |
| Application Approved But Not Accepted | 9 | $1,465,000 | $162,000 | $296,000 | $80,000 | $260,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $1,554,000 | $129,000 | $214,000 | $51,000 | $139,000 |
| Debt-To-Income Ratio | 11 | $1,739,000 | $158,000 | $356,000 | $31,000 | $120,000 |
| Collateral | 3 | $271,000 | $90,000 | $110,000 | $44,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,028,000 | $342,000 | $700,000 | $38,000 | $96,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Mountain 1st Bank & Trust Comp's 2006 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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