Piedmont Advantage Credit Unio Mortgage Lending & HMDA Data, 2016
In 2016, Piedmont Advantage Credit Unio of Winston Salem, NC reported 315 mortgage applications totaling $36.2 million, up 15% from 2015. The average application was for $114,819, and applicants reported an average income of $82,088. 60% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Charlotte-Concord-Gastonia, NC-SC (120), Winston-Salem, NC (87) and Greensboro-High Point, NC (32) (applications in parentheses).
| Mortgage Company & Address | Piedmont Advantage Credit Unio 3530 Advantage Way Winston Salem, NC 27103 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 315 |
| Total Mortgage Loan Application Amount | $36,168,000 |
| Average Mortgage Loan Application Amount | $114,819 |
| Highest Mortgage Loan Application Amount | $405,000 |
| Average Applicant Income | $82,088 |
| Highest Applicant Income | $1,132,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Piedmont Advantage Credit Unio filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC | 120 | $ 15,007,000 | $ 125,058 | $ 94,266 |
| Winston-Salem, NC | 87 | $ 9,418,000 | $ 108,252 | $ 69,000 |
| Greensboro-High Point, NC | 32 | $ 2,584,000 | $ 80,750 | $ 64,000 |
| Wilmington, NC | 17 | $ 1,705,000 | $ 100,294 | $ 112,000 |
| Hickory-Lenoir-Morganton, NC | 5 | $ 950,000 | $ 190,000 | $ 114,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 451,000 | $ 112,750 | $ 75,000 |
| Raleigh, NC | 4 | $ 710,000 | $ 177,500 | $ 59,000 |
| Fayetteville, NC | 2 | $ 60,000 | $ 30,000 | $ 44,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 208,000 | $ 104,000 | $ 109,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 213,000 | $ 106,500 | $ 57,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 122,000 | $ 61,000 | $ 33,000 |
| Spartanburg, SC | 2 | $ 106,000 | $ 53,000 | $ 50,000 |
| Wilmington, DE-MD-NJ | 2 | $ 485,000 | $ 242,500 | $ 130,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 91,000 | $ 91,000 | $ 74,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 116,000 | $ 116,000 | $ 52,000 |
| Charleston-North Charleston, SC | 1 | $ 361,000 | $ 361,000 | $ 88,000 |
| Cincinnati, OH-KY-IN | 1 | $ 138,000 | $ 138,000 | $ 88,000 |
| Columbus, OH | 1 | $ 168,000 | $ 168,000 | $ 103,000 |
| Durham-Chapel Hill, NC | 1 | $ 162,000 | $ 162,000 | $ 78,000 |
| Fort Worth-Arlington, TX | 1 | $ 201,000 | $ 201,000 | $ 105,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 183,000 | $ 183,000 | $ 127,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 68,000 | $ 68,000 | $ 35,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 305,000 | $ 305,000 | $ 74,000 |
| Pittsburgh, PA | 1 | $ 10,000 | $ 10,000 | $ 243,000 |
| Richmond, VA | 1 | $ 1,000 | $ 1,000 | $ 32,000 |
| Rocky Mount, NC | 1 | $ 100,000 | $ 100,000 | $ 115,000 |
| Salisbury, MD-DE | 1 | $ 135,000 | $ 135,000 | $ 185,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 150,000 | $ 150,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Piedmont Advantage Credit Unio in 2016
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 | 174 | $21,556,000 | $123,000 | $377,000 | $89,000 | $1,132,000 |
| Home Purchase | 82 | $12,953,000 | $157,000 | $405,000 | $79,000 | $220,000 |
| Home Improvement | 59 | $1,659,000 | $28,000 | $250,000 | $66,000 | $295,000 |
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 | 195 | $25,296,000 | $129,000 | $377,000 | $89,000 | $1,132,000 |
| Not Provided | 69 | $5,171,000 | $74,000 | $405,000 | $73,000 | $243,000 |
| Black or African American | 33 | $3,305,000 | $100,000 | $263,000 | $55,000 | $124,000 |
| Asian | 9 | $964,000 | $107,000 | $163,000 | $85,000 | $137,000 |
| Hispanic | 8 | $1,352,000 | $169,000 | $305,000 | $110,000 | $197,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $80,000 | $80,000 | $80,000 | $29,000 | $29,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 290 | $32,302,000 | $111,000 | $405,000 | $83,000 | $1,132,000 |
| FHA-insured (Federal Housing Administration) | 19 | $2,756,000 | $145,000 | $305,000 | $69,000 | $156,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,110,000 | $185,000 | $258,000 | $74,000 | $106,000 |
| 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 | 189 | $18,441,000 | $97,000 | $361,000 | $85,000 | $1,132,000 |
| Application Denied By Financial Institution | 73 | $9,718,000 | $133,000 | $330,000 | $68,000 | $266,000 |
| Application Withdrawn By Applicant | 46 | $6,854,000 | $149,000 | $405,000 | $86,000 | $200,000 |
| File Closed For Incompleteness | 6 | $1,075,000 | $179,000 | $377,000 | $137,000 | $295,000 |
| Application Approved But Not Accepted | 1 | $80,000 | $80,000 | $80,000 | $45,000 | $45,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 52 | $7,742,000 | $148,000 | $330,000 | $74,000 | $266,000 |
| Debt-To-Income Ratio | 8 | $1,028,000 | $128,000 | $183,000 | $35,000 | $63,000 |
| Collateral | 7 | $512,000 | $73,000 | $111,000 | $70,000 | $135,000 |
| Credit Application Incomplete | 2 | $185,000 | $92,000 | $115,000 | $104,000 | $125,000 |
| Other | 1 | $45,000 | $45,000 | $45,000 | $25,000 | $25,000 |
| Employment History | 1 | $30,000 | $30,000 | $30,000 | $81,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Piedmont Advantage Credit Unio's 2016 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 Piedmont Advantage Credit Unio'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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