Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2011
In 2011, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 649 mortgage applications totaling $131.9 million, down 14% from 2010. The average application was for $203,258, and applicants reported an average income of $98,995. 81% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Asheville, NC (342), Charlotte-Gastonia-Rock Hill, NC-SC (97) and Hickory-Lenoir-Morganton, NC (11) (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 | 649 |
| Total Mortgage Loan Application Amount | $131,915,000 |
| Average Mortgage Loan Application Amount | $203,258 |
| Highest Mortgage Loan Application Amount | $1,450,000 |
| Average Applicant Income | $98,995 |
| Highest Applicant Income | $1,046,000 |
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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 342 | $ 65,715,000 | $ 192,149 | $ 82,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 97 | $ 24,724,000 | $ 254,886 | $ 144,577 |
| Hickory-Lenoir-Morganton, NC | 11 | $ 3,573,000 | $ 324,818 | $ 213,000 |
| Charleston-North Charleston-Summerville, SC | 5 | $ 1,326,000 | $ 265,200 | $ 145,000 |
| Greenville-Mauldin-Easley, SC | 4 | $ 733,000 | $ 183,250 | $ 72,000 |
| Spartanburg, SC | 3 | $ 1,388,000 | $ 462,666 | $ 169,000 |
| Wilmington, NC | 2 | $ 341,000 | $ 170,500 | $ 155,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 211,000 | $ 211,000 | $ 237,000 |
| Raleigh-Cary, NC | 1 | $ 208,000 | $ 208,000 | $ 130,000 |
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2011
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 | 409 | $87,508,000 | $213,000 | $1,450,000 | $102,000 | $955,000 |
| Home Purchase | 230 | $42,455,000 | $184,000 | $1,200,000 | $95,000 | $1,046,000 |
| Home Improvement | 10 | $1,952,000 | $195,000 | $571,000 | $68,000 | $187,000 |
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 | 617 | $124,581,000 | $201,000 | $1,450,000 | $98,000 | $1,046,000 |
| Not Provided | 13 | $3,464,000 | $266,000 | $583,000 | $185,000 | $562,000 |
| Asian | 8 | $1,979,000 | $247,000 | $365,000 | $116,000 | $175,000 |
| Not applicable | 4 | $612,000 | $153,000 | $206,000 | $0 | $0 |
| Black or African American | 3 | $352,000 | $117,000 | $181,000 | $63,000 | $126,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $475,000 | $237,000 | $288,000 | $72,000 | $104,000 |
| American Indian or Alaskan Native | 1 | $356,000 | $356,000 | $356,000 | $346,000 | $346,000 |
| Hispanic | 1 | $96,000 | $96,000 | $96,000 | $24,000 | $24,000 |
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) | 594 | $122,265,000 | $205,000 | $1,450,000 | $104,000 | $1,046,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 40 | $6,224,000 | $155,000 | $274,000 | $40,000 | $76,000 |
| VA-guaranteed (Veterans Administration) | 12 | $2,982,000 | $248,000 | $404,000 | $69,000 | $125,000 |
| FHA-insured (Federal Housing Administration) | 3 | $444,000 | $148,000 | $163,000 | $59,000 | $74,000 |
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 | 527 | $108,768,000 | $206,000 | $1,450,000 | $101,000 | $1,046,000 |
| Application Denied By Financial Institution | 60 | $10,161,000 | $169,000 | $571,000 | $77,000 | $387,000 |
| Application Withdrawn By Applicant | 52 | $10,855,000 | $208,000 | $592,000 | $107,000 | $656,000 |
| File Closed For Incompleteness | 5 | $1,541,000 | $308,000 | $417,000 | $84,000 | $159,000 |
| Application Approved But Not Accepted | 5 | $590,000 | $118,000 | $257,000 | $80,000 | $217,000 |
| 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 2011 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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