Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2009
In 2009, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 777 mortgage applications totaling $140.7 million, down 3% from 2008. The average application was for $181,092, and applicants reported an average income of $79,647. 72% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Asheville, NC (460), Hickory-Lenoir-Morganton, NC (23) and Spartanburg, SC (12) (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 | 777 |
| Total Mortgage Loan Application Amount | $140,709,000 |
| Average Mortgage Loan Application Amount | $181,092 |
| Highest Mortgage Loan Application Amount | $2,700,000 |
| Average Applicant Income | $79,647 |
| Highest Applicant Income | $990,000 |
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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 332 | $ 64,368,000 | $ 193,879 | $ 86,000 |
| Buncombe, North Carolina | 109 | $ 18,400,000 | $ 168,807 | $ 66,000 |
| Polk, North Carolina | 67 | $ 14,608,000 | $ 218,029 | $ 86,000 |
| Cleveland, North Carolina | 61 | $ 9,208,000 | $ 150,950 | $ 81,000 |
| McDowell, North Carolina | 50 | $ 5,966,000 | $ 119,320 | $ 55,000 |
| Rutherford, North Carolina | 37 | $ 6,265,000 | $ 169,324 | $ 81,000 |
| Transylvania, North Carolina | 26 | $ 4,821,000 | $ 185,423 | $ 82,000 |
| Haywood, North Carolina | 17 | $ 3,036,000 | $ 178,588 | $ 68,000 |
| Catawba, North Carolina | 15 | $ 2,006,000 | $ 133,733 | $ 55,000 |
| Spartanburg, South Carolina | 12 | $ 3,055,000 | $ 254,583 | $ 99,000 |
| Greenville, South Carolina | 9 | $ 2,221,000 | $ 246,777 | $ 101,000 |
| Burke, North Carolina | 4 | $ 699,000 | $ 174,750 | $ 63,000 |
| Watauga, North Carolina | 4 | $ 582,000 | $ 145,500 | $ 59,000 |
| Charleston, South Carolina | 4 | $ 932,000 | $ 233,000 | $ 148,000 |
| Caldwell, North Carolina | 3 | $ 308,000 | $ 102,666 | $ 34,000 |
| Sevier, Tennessee | 3 | $ 640,000 | $ 213,333 | $ 147,000 |
| Gaston, North Carolina | 2 | $ 28,000 | $ 14,000 | $ 62,000 |
| Jackson, North Carolina | 2 | $ 457,000 | $ 228,500 | $ 164,000 |
| Madison, North Carolina | 2 | $ 99,000 | $ 49,500 | $ 28,000 |
| Mecklenburg, North Carolina | 2 | $ 282,000 | $ 141,000 | $ 125,000 |
| Alexander, North Carolina | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Brunswick, North Carolina | 1 | $ 60,000 | $ 60,000 | $ 19,000 |
| Davie, North Carolina | 1 | $ 200,000 | $ 200,000 | $ 102,000 |
| Iredell, North Carolina | 1 | $ 221,000 | $ 221,000 | $ 180,000 |
| Rowan, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 100,000 |
| Swain, North Carolina | 1 | $ 200,000 | $ 200,000 | $ 65,000 |
| Washington, North Carolina | 1 | $ 120,000 | $ 120,000 | $ 58,000 |
| Wilkes, North Carolina | 1 | $ 122,000 | $ 122,000 | $ 67,000 |
| Abbeville, South Carolina | 1 | $ 72,000 | $ 72,000 | $ 19,000 |
| Berkeley, South Carolina | 1 | $ 80,000 | $ 80,000 | $ 42,000 |
| Cherokee, South Carolina | 1 | $ 166,000 | $ 166,000 | $ 85,000 |
| Georgetown, South Carolina | 1 | $ 196,000 | $ 196,000 | $ 138,000 |
| Kershaw, South Carolina | 1 | $ 92,000 | $ 92,000 | $ 44,000 |
| Oconee, South Carolina | 1 | $ 410,000 | $ 410,000 | $ 205,000 |
| Johnson, Tennessee | 1 | $ 207,000 | $ 207,000 | $ 120,000 |
| Knox, Tennessee | 1 | $ 92,000 | $ 92,000 | $ 23,000 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2009
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 | 546 | $105,445,000 | $193,000 | $2,700,000 | $83,000 | $990,000 |
| Home Purchase | 215 | $34,071,000 | $158,000 | $590,000 | $72,000 | $817,000 |
| Home Improvement | 16 | $1,193,000 | $74,000 | $224,000 | $68,000 | $135,000 |
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 | 722 | $132,983,000 | $184,000 | $2,700,000 | $83,000 | $990,000 |
| Not applicable | 23 | $3,587,000 | $155,000 | $590,000 | $4,000 | $100,000 |
| Black or African American | 14 | $1,873,000 | $133,000 | $313,000 | $57,000 | $135,000 |
| Not Provided | 8 | $1,068,000 | $133,000 | $390,000 | $54,000 | $184,000 |
| Hispanic | 7 | $899,000 | $128,000 | $268,000 | $75,000 | $129,000 |
| Asian | 2 | $129,000 | $64,000 | $94,000 | $40,000 | $42,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $170,000 | $170,000 | $170,000 | $46,000 | $46,000 |
| 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) | 710 | $131,133,000 | $184,000 | $2,700,000 | $83,000 | $990,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 29 | $3,859,000 | $133,000 | $294,000 | $38,000 | $71,000 |
| FHA-insured (Federal Housing Administration) | 24 | $2,993,000 | $124,000 | $230,000 | $44,000 | $120,000 |
| VA-guaranteed (Veterans Administration) | 14 | $2,724,000 | $194,000 | $417,000 | $76,000 | $290,000 |
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 | 556 | $100,349,000 | $180,000 | $1,500,000 | $83,000 | $990,000 |
| Application Denied By Financial Institution | 117 | $18,998,000 | $162,000 | $850,000 | $60,000 | $427,000 |
| Application Withdrawn By Applicant | 49 | $11,185,000 | $228,000 | $2,700,000 | $97,000 | $688,000 |
| File Closed For Incompleteness | 49 | $8,807,000 | $179,000 | $390,000 | $80,000 | $360,000 |
| Application Approved But Not Accepted | 6 | $1,370,000 | $228,000 | $400,000 | $45,000 | $74,000 |
| 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 2009 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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