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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 486 | $ 101,150,000 | $ 208,127 | $ 99,000 |
| Spartanburg, SC | 16 | $ 2,817,000 | $ 176,062 | $ 216,000 |
| Charlotte-Gastonia-Concord, NC-SC | 8 | $ 1,684,000 | $ 210,500 | $ 119,000 |
| Greenville-Mauldin-Easley, SC | 8 | $ 1,686,000 | $ 210,750 | $ 122,000 |
| Charleston-North Charleston-Summerville, SC | 6 | $ 2,279,000 | $ 379,833 | $ 204,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 778,000 | $ 389,000 | $ 173,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 221,000 | $ 110,500 | $ 33,000 |
| Winston-Salem, NC | 2 | $ 308,000 | $ 154,000 | $ 124,000 |
| Durham, NC | 1 | $ 126,000 | $ 126,000 | $ 68,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 92,000 | $ 92,000 | $ 120,000 |
| Lakeland-Winter Haven, FL | 1 | $ 60,000 | $ 60,000 | $ 50,000 |
| Reading, PA | 1 | $ 200,000 | $ 200,000 | $ 62,000 |
| Savannah, GA | 1 | $ 270,000 | $ 270,000 | $ 83,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 105,000 | $ 105,000 | $ 45,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 101,000 | $ 101,000 | $ 58,000 |
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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