Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2008
In 2008, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 801 mortgage applications totaling $159.1 million, down 13% from 2007. The average application was for $198,620, and applicants reported an average income of $102,121. 85% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Asheville, NC (486), Spartanburg, SC (16) and Charlotte-Gastonia-Concord, NC-SC (8) (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 | $159,095,000 |
| Average Mortgage Loan Application Amount | $198,620 |
| Highest Mortgage Loan Application Amount | $2,900,000 |
| Average Applicant Income | $102,121 |
| Highest Applicant Income | $4,016,000 |
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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 317 | $ 65,307,000 | $ 206,015 | $ 96,000 |
| Buncombe, North Carolina | 142 | $ 30,257,000 | $ 213,077 | $ 114,000 |
| Polk, North Carolina | 60 | $ 12,508,000 | $ 208,466 | $ 87,000 |
| McDowell, North Carolina | 57 | $ 8,683,000 | $ 152,333 | $ 94,000 |
| Cleveland, North Carolina | 54 | $ 6,919,000 | $ 128,129 | $ 86,000 |
| Rutherford, North Carolina | 49 | $ 7,235,000 | $ 147,653 | $ 80,000 |
| Haywood, North Carolina | 26 | $ 5,320,000 | $ 204,615 | $ 67,000 |
| Transylvania, North Carolina | 23 | $ 4,671,000 | $ 203,086 | $ 126,000 |
| Spartanburg, South Carolina | 16 | $ 2,817,000 | $ 176,062 | $ 216,000 |
| Mecklenburg, North Carolina | 6 | $ 1,557,000 | $ 259,500 | $ 137,000 |
| Greenville, South Carolina | 6 | $ 1,407,000 | $ 234,500 | $ 104,000 |
| Charleston, South Carolina | 5 | $ 1,862,000 | $ 372,400 | $ 106,000 |
| Mitchell, North Carolina | 4 | $ 970,000 | $ 242,500 | $ 102,000 |
| Watauga, North Carolina | 4 | $ 1,369,000 | $ 342,250 | $ 90,000 |
| Fulton, Georgia | 2 | $ 778,000 | $ 389,000 | $ 173,000 |
| Gaston, North Carolina | 2 | $ 127,000 | $ 63,500 | $ 64,000 |
| Iredell, North Carolina | 2 | $ 465,000 | $ 232,500 | $ 86,000 |
| Laurens, South Carolina | 2 | $ 279,000 | $ 139,500 | $ 176,000 |
| Oconee, South Carolina | 2 | $ 394,000 | $ 197,000 | $ 68,000 |
| Hillsborough, Florida | 1 | $ 105,000 | $ 105,000 | $ 45,000 |
| Polk, Florida | 1 | $ 60,000 | $ 60,000 | $ 50,000 |
| Chatham, Georgia | 1 | $ 270,000 | $ 270,000 | $ 83,000 |
| Avery, North Carolina | 1 | $ 79,000 | $ 79,000 | $ 79,000 |
| Caldwell, North Carolina | 1 | $ 147,000 | $ 147,000 | $ 67,000 |
| Carteret, North Carolina | 1 | $ 307,000 | $ 307,000 | $ 262,000 |
| Catawba, North Carolina | 1 | $ 74,000 | $ 74,000 | $ 0 |
| Currituck, North Carolina | 1 | $ 101,000 | $ 101,000 | $ 58,000 |
| Davie, North Carolina | 1 | $ 248,000 | $ 248,000 | $ 99,000 |
| Durham, North Carolina | 1 | $ 126,000 | $ 126,000 | $ 68,000 |
| Forsyth, North Carolina | 1 | $ 60,000 | $ 60,000 | $ 150,000 |
| Graham, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 191,000 |
| Jackson, North Carolina | 1 | $ 184,000 | $ 184,000 | $ 273,000 |
| Macon, North Carolina | 1 | $ 2,125,000 | $ 2,125,000 | $ 420,000 |
| Madison, North Carolina | 1 | $ 266,000 | $ 266,000 | $ 45,000 |
| Yancey, North Carolina | 1 | $ 120,000 | $ 120,000 | $ 210,000 |
| Berks, Pennsylvania | 1 | $ 200,000 | $ 200,000 | $ 62,000 |
| Beaufort, South Carolina | 1 | $ 253,000 | $ 253,000 | $ 72,000 |
| Berkeley, South Carolina | 1 | $ 417,000 | $ 417,000 | $ 692,000 |
| Cherokee, South Carolina | 1 | $ 192,000 | $ 192,000 | $ 118,000 |
| Sevier, Tennessee | 1 | $ 369,000 | $ 369,000 | $ 1,040,000 |
| Sullivan, Tennessee | 1 | $ 92,000 | $ 92,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp 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 |
|---|---|---|---|---|---|---|
| Refinancing | 469 | $95,756,000 | $204,000 | $2,900,000 | $102,000 | $4,016,000 |
| Home Purchase | 299 | $58,653,000 | $196,000 | $2,125,000 | $101,000 | $1,227,000 |
| Home Improvement | 33 | $4,686,000 | $142,000 | $417,000 | $114,000 | $1,017,000 |
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 | 714 | $137,401,000 | $192,000 | $2,900,000 | $101,000 | $4,016,000 |
| Not applicable | 55 | $16,203,000 | $294,000 | $2,800,000 | $117,000 | $1,227,000 |
| Not Provided | 12 | $1,727,000 | $143,000 | $300,000 | $75,000 | $162,000 |
| Asian | 7 | $1,559,000 | $222,000 | $394,000 | $101,000 | $186,000 |
| Black or African American | 6 | $785,000 | $130,000 | $192,000 | $103,000 | $171,000 |
| Hispanic | 6 | $1,339,000 | $223,000 | $441,000 | $166,000 | $471,000 |
| American Indian or Alaskan Native | 1 | $81,000 | $81,000 | $81,000 | $86,000 | $86,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 765 | $154,365,000 | $201,000 | $2,900,000 | $105,000 | $4,016,000 |
| FHA-insured (Federal Housing Administration) | 23 | $3,081,000 | $133,000 | $266,000 | $51,000 | $103,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $750,000 | $107,000 | $153,000 | $34,000 | $43,000 |
| VA-guaranteed (Veterans Administration) | 6 | $899,000 | $149,000 | $361,000 | $45,000 | $110,000 |
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 | 684 | $141,131,000 | $206,000 | $2,900,000 | $108,000 | $4,016,000 |
| Application Denied By Financial Institution | 50 | $7,455,000 | $149,000 | $417,000 | $57,000 | $240,000 |
| Application Withdrawn By Applicant | 43 | $6,594,000 | $153,000 | $417,000 | $65,000 | $339,000 |
| File Closed For Incompleteness | 16 | $2,367,000 | $147,000 | $410,000 | $54,000 | $120,000 |
| Application Approved But Not Accepted | 8 | $1,548,000 | $193,000 | $417,000 | $173,000 | $692,000 |
| 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 | 22 | $4,088,000 | $185,000 | $417,000 | $52,000 | $136,000 |
| Credit History | 14 | $1,707,000 | $121,000 | $270,000 | $61,000 | $240,000 |
| Collateral | 9 | $1,250,000 | $138,000 | $272,000 | $70,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $278,000 | $139,000 | $228,000 | $41,000 | $52,000 |
| Unverifiable Information | 1 | $66,000 | $66,000 | $66,000 | $39,000 | $39,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 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 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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