Mountain 1st Bank & Trust Comp Mortgage Lending & HMDA Data, 2005
In 2005, Mountain 1st Bank & Trust Comp of Hendersonville, NC reported 806 mortgage applications totaling $139.4 million. The average application was for $172,939, and applicants reported an average income of $78,424. 84% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Asheville, NC (608), Spartanburg, SC (28) and Greenville, SC (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 | 806 |
| Total Mortgage Loan Application Amount | $139,389,000 |
| Average Mortgage Loan Application Amount | $172,939 |
| Highest Mortgage Loan Application Amount | $1,272,000 |
| Average Applicant Income | $78,424 |
| Highest Applicant Income | $1,160,000 |
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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Mountain 1st Bank & Trust Comp in 2005
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 | 450 | $74,380,000 | $201,333 | $1,272,000 | $108,166 | $1,160,000 |
| Refinancing | 342 | $62,491,000 | $213,000 | $1,000,000 | $85,000 | $515,000 |
| Home Improvement | 14 | $2,518,000 | $209,000 | $620,000 | $77,000 | $260,000 |
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 | 727 | $124,344,000 | $233,400 | $1,000,000 | $83,400 | $1,160,000 |
| Not applicable | 49 | $10,136,000 | $125,250 | $1,272,000 | $125,000 | $482,000 |
| Not Provided | 17 | $2,814,000 | $192,000 | $376,000 | $66,000 | $144,000 |
| Hispanic | 9 | $1,601,000 | $177,000 | $438,000 | $127,000 | $453,000 |
| Black or African American | 2 | $209,000 | $104,000 | $144,000 | $32,000 | $45,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $85,000 | $85,000 | $85,000 | $67,000 | $67,000 |
| Asian | 1 | $200,000 | $200,000 | $200,000 | $76,000 | $76,000 |
| 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) | 795 | $138,118,000 | $214,833 | $1,272,000 | $101,666 | $1,160,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,165,000 | $116,000 | $165,000 | $33,000 | $69,000 |
| FHA-insured (Federal Housing Administration) | 1 | $106,000 | $106,000 | $106,000 | $0 | $0 |
| 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 | 674 | $119,970,000 | $214,666 | $1,272,000 | $105,333 | $1,160,000 |
| Application Withdrawn By Applicant | 59 | $7,445,000 | $165,500 | $335,000 | $75,500 | $188,000 |
| Application Denied By Financial Institution | 28 | $3,437,000 | $99,500 | $268,000 | $30,500 | $162,000 |
| File Closed For Incompleteness | 24 | $4,583,000 | $190,000 | $796,000 | $52,000 | $240,000 |
| Application Approved But Not Accepted | 20 | $3,866,000 | $269,500 | $800,000 | $95,000 | $171,000 |
| Preapproval Denied by Financial Institution | 1 | $88,000 | $88,000 | $88,000 | $65,000 | $65,000 |
| 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 | 14 | $1,583,000 | $113,000 | $248,000 | $61,000 | $162,000 |
| Debt-To-Income Ratio | 5 | $691,000 | $114,500 | $268,000 | $22,500 | $51,000 |
| Collateral | 5 | $480,000 | $96,000 | $218,000 | $40,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $429,000 | $214,000 | $255,000 | $91,000 | $124,000 |
| Unverifiable Information | 1 | $117,000 | $117,000 | $117,000 | $78,000 | $78,000 |
| Employment History | 1 | $100,000 | $100,000 | $100,000 | $31,000 | $31,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mountain 1st Bank & Trust Comp's 2005 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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