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records Mountain 1st Bank & Trust Comp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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