Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2010
In 2010, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 752 mortgage applications totaling $147.6 million, down 3% from 2009. The average application was for $196,327, and applicants reported an average income of $95,244. 88% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Asheville, NC (352), Charlotte-Gastonia-Rock Hill, NC-SC (140) and Hickory-Lenoir-Morganton, NC (26) (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 | 752 |
| Total Mortgage Loan Application Amount | $147,638,000 |
| Average Mortgage Loan Application Amount | $196,327 |
| Highest Mortgage Loan Application Amount | $1,694,000 |
| Average Applicant Income | $95,244 |
| Highest Applicant Income | $1,385,000 |
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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 231 | $ 47,162,000 | $ 204,164 | $ 81,000 |
| Buncombe, North Carolina | 103 | $ 21,561,000 | $ 209,330 | $ 96,000 |
| Mecklenburg, North Carolina | 97 | $ 21,264,000 | $ 219,216 | $ 143,000 |
| McDowell, North Carolina | 46 | $ 6,249,000 | $ 135,847 | $ 67,000 |
| Polk, North Carolina | 46 | $ 10,157,000 | $ 220,804 | $ 81,000 |
| Cleveland, North Carolina | 26 | $ 4,355,000 | $ 167,500 | $ 99,000 |
| Rutherford, North Carolina | 23 | $ 2,913,000 | $ 126,652 | $ 86,000 |
| Union, North Carolina | 21 | $ 3,736,000 | $ 177,904 | $ 80,000 |
| Catawba, North Carolina | 19 | $ 2,211,000 | $ 116,368 | $ 64,000 |
| Jackson, North Carolina | 19 | $ 3,164,000 | $ 166,526 | $ 65,000 |
| Haywood, North Carolina | 17 | $ 3,576,000 | $ 210,352 | $ 85,000 |
| Transylvania, North Carolina | 17 | $ 2,614,000 | $ 153,764 | $ 77,000 |
| York, South Carolina | 16 | $ 3,381,000 | $ 211,312 | $ 129,000 |
| Spartanburg, South Carolina | 8 | $ 1,166,000 | $ 145,750 | $ 75,000 |
| Charleston, South Carolina | 6 | $ 1,994,000 | $ 332,333 | $ 148,000 |
| Iredell, North Carolina | 5 | $ 1,602,000 | $ 320,400 | $ 184,000 |
| Burke, North Carolina | 4 | $ 398,000 | $ 99,500 | $ 25,000 |
| Guilford, North Carolina | 4 | $ 826,000 | $ 206,500 | $ 110,000 |
| Greenville, South Carolina | 4 | $ 971,000 | $ 242,750 | $ 153,000 |
| Brunswick, North Carolina | 3 | $ 1,000,000 | $ 333,333 | $ 193,000 |
| Cabarrus, North Carolina | 3 | $ 495,000 | $ 165,000 | $ 114,000 |
| Gaston, North Carolina | 3 | $ 1,168,000 | $ 389,333 | $ 134,000 |
| Wake, North Carolina | 3 | $ 698,000 | $ 232,666 | $ 66,000 |
| Watauga, North Carolina | 3 | $ 442,000 | $ 147,333 | $ 76,000 |
| Alexander, North Carolina | 2 | $ 230,000 | $ 115,000 | $ 66,000 |
| Lincoln, North Carolina | 2 | $ 597,000 | $ 298,500 | $ 93,000 |
| Beaufort, South Carolina | 2 | $ 589,000 | $ 294,500 | $ 245,000 |
| Avery, North Carolina | 1 | $ 140,000 | $ 140,000 | $ 216,000 |
| Caldwell, North Carolina | 1 | $ 161,000 | $ 161,000 | $ 41,000 |
| Carteret, North Carolina | 1 | $ 212,000 | $ 212,000 | $ 425,000 |
| Durham, North Carolina | 1 | $ 139,000 | $ 139,000 | $ 40,000 |
| Graham, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 25,000 |
| Macon, North Carolina | 1 | $ 190,000 | $ 190,000 | $ 44,000 |
| Madison, North Carolina | 1 | $ 117,000 | $ 117,000 | $ 41,000 |
| Montgomery, North Carolina | 1 | $ 220,000 | $ 220,000 | $ 300,000 |
| Pitt, North Carolina | 1 | $ 73,000 | $ 73,000 | $ 330,000 |
| Yancey, North Carolina | 1 | $ 100,000 | $ 100,000 | $ 100,000 |
| Anderson, South Carolina | 1 | $ 144,000 | $ 144,000 | $ 201,000 |
| Dorchester, South Carolina | 1 | $ 146,000 | $ 146,000 | $ 264,000 |
| Florence, South Carolina | 1 | $ 99,000 | $ 99,000 | $ 42,000 |
| Horry, South Carolina | 1 | $ 61,000 | $ 61,000 | $ 105,000 |
| Lancaster, South Carolina | 1 | $ 412,000 | $ 412,000 | $ 103,000 |
| Lexington, South Carolina | 1 | $ 103,000 | $ 103,000 | $ 51,000 |
| Pickens, South Carolina | 1 | $ 500,000 | $ 500,000 | $ 380,000 |
| Richland, South Carolina | 1 | $ 100,000 | $ 100,000 | $ 20,000 |
| Henrico, Virginia | 1 | $ 127,000 | $ 127,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2010
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 | 498 | $102,067,000 | $204,000 | $1,694,000 | $97,000 | $1,385,000 |
| Home Purchase | 236 | $43,694,000 | $185,000 | $769,000 | $94,000 | $619,000 |
| Home Improvement | 18 | $1,877,000 | $104,000 | $365,000 | $63,000 | $151,000 |
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 | 707 | $138,485,000 | $195,000 | $1,694,000 | $97,000 | $1,385,000 |
| Not Provided | 13 | $2,407,000 | $185,000 | $360,000 | $89,000 | $303,000 |
| Hispanic | 11 | $2,167,000 | $197,000 | $417,000 | $84,000 | $168,000 |
| Asian | 7 | $1,363,000 | $194,000 | $343,000 | $69,000 | $94,000 |
| Black or African American | 7 | $1,197,000 | $171,000 | $321,000 | $62,000 | $165,000 |
| Not applicable | 5 | $1,490,000 | $298,000 | $1,100,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $393,000 | $393,000 | $393,000 | $282,000 | $282,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $136,000 | $136,000 | $136,000 | $82,000 | $82,000 |
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) | 677 | $135,319,000 | $199,000 | $1,694,000 | $100,000 | $1,385,000 |
| FHA-insured (Federal Housing Administration) | 30 | $4,895,000 | $163,000 | $294,000 | $57,000 | $204,000 |
| VA-guaranteed (Veterans Administration) | 24 | $4,477,000 | $186,000 | $345,000 | $62,000 | $140,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 21 | $2,947,000 | $140,000 | $270,000 | $40,000 | $68,000 |
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 | 660 | $131,873,000 | $199,000 | $1,694,000 | $97,000 | $1,385,000 |
| Application Denied By Financial Institution | 65 | $10,200,000 | $156,000 | $650,000 | $70,000 | $382,000 |
| Application Withdrawn By Applicant | 19 | $4,425,000 | $232,000 | $417,000 | $117,000 | $264,000 |
| Application Approved But Not Accepted | 8 | $1,140,000 | $142,000 | $417,000 | $83,000 | $240,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2010 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About