Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2007
In 2007, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 921 mortgage applications totaling $187.7 million, up 15% from 2006. The average application was for $203,767, and applicants reported an average income of $107,446. 84% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Asheville, NC (562), Spartanburg, SC (29) and Charlotte-Gastonia-Concord, NC-SC (18) (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 | 921 |
| Total Mortgage Loan Application Amount | $187,670,000 |
| Average Mortgage Loan Application Amount | $203,767 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $107,446 |
| 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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Asheville, NC | 562 | $ 122,606,000 | $ 218,160 | $ 98,000 |
| Spartanburg, SC | 29 | $ 2,997,000 | $ 103,344 | $ 276,000 |
| Charlotte-Gastonia-Concord, NC-SC | 18 | $ 3,456,000 | $ 192,000 | $ 207,000 |
| Greenville-Mauldin-Easley, SC | 13 | $ 2,996,000 | $ 230,461 | $ 91,000 |
| Hickory-Lenoir-Morganton, NC | 7 | $ 2,269,000 | $ 324,142 | $ 109,000 |
| Charleston-North Charleston, SC | 4 | $ 1,235,000 | $ 308,750 | $ 68,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 3 | $ 583,000 | $ 194,333 | $ 230,000 |
| Durham, NC | 1 | $ 122,000 | $ 122,000 | $ 219,000 |
| Johnson City, TN | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 78,000 | $ 78,000 | $ 0 |
| Richmond, VA | 1 | $ 107,000 | $ 107,000 | $ 45,000 |
| Wilmington, NC | 1 | $ 350,000 | $ 350,000 | $ 308,000 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2007
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 | 507 | $101,445,000 | $200,000 | $3,500,000 | $106,000 | $2,918,000 |
| Refinancing | 366 | $80,364,000 | $219,000 | $2,100,000 | $112,000 | $1,608,000 |
| Home Improvement | 48 | $5,861,000 | $122,000 | $345,000 | $88,000 | $389,000 |
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 | 828 | $161,550,000 | $195,000 | $1,505,000 | $98,000 | $2,918,000 |
| Not applicable | 56 | $18,780,000 | $335,000 | $3,500,000 | $245,000 | $1,608,000 |
| Hispanic | 15 | $2,667,000 | $177,000 | $468,000 | $102,000 | $467,000 |
| Black or African American | 13 | $3,084,000 | $237,000 | $1,378,000 | $108,000 | $542,000 |
| Not Provided | 4 | $682,000 | $170,000 | $272,000 | $147,000 | $385,000 |
| Asian | 4 | $747,000 | $186,000 | $285,000 | $33,000 | $72,000 |
| American Indian or Alaskan Native | 1 | $160,000 | $160,000 | $160,000 | $37,000 | $37,000 |
| 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) | 910 | $186,053,000 | $204,000 | $3,500,000 | $108,000 | $2,918,000 |
| VA-guaranteed (Veterans Administration) | 6 | $849,000 | $141,000 | $174,000 | $63,000 | $83,000 |
| FHA-insured (Federal Housing Administration) | 5 | $768,000 | $153,000 | $223,000 | $44,000 | $97,000 |
| 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 | 773 | $162,131,000 | $209,000 | $3,500,000 | $115,000 | $2,918,000 |
| Application Withdrawn By Applicant | 72 | $12,479,000 | $173,000 | $450,000 | $70,000 | $357,000 |
| Application Denied By Financial Institution | 54 | $9,036,000 | $167,000 | $1,378,000 | $63,000 | $542,000 |
| File Closed For Incompleteness | 13 | $2,167,000 | $166,000 | $417,000 | $81,000 | $456,000 |
| Application Approved But Not Accepted | 8 | $1,757,000 | $219,000 | $328,000 | $75,000 | $190,000 |
| Preapproval Denied by Financial Institution | 1 | $100,000 | $100,000 | $100,000 | $30,000 | $30,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 32 | $5,592,000 | $174,000 | $1,378,000 | $67,000 | $542,000 |
| Debt-To-Income Ratio | 16 | $2,686,000 | $167,000 | $518,000 | $56,000 | $250,000 |
| Collateral | 6 | $722,000 | $120,000 | $210,000 | $52,000 | $118,000 |
| Credit Application Incomplete | 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 2007 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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