Powell Valley National Bank Mortgage Lending & HMDA Data, 2021
In 2021, Powell Valley National Bank of Jonesville, VA reported 213 mortgage applications totaling $34.2 million, up 26% from 2020. The average application was for $160,727, and applicants reported an average income of $141,633. 85% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Kingsport-Bristol-Bristol, TN-VA (92), Johnson City, TN (11) and Cape Coral-Fort Myers, FL (2) (applications in parentheses).
| Mortgage Company & Address | Powell Valley National Bank 33785 Main Street Jonesville, VA 24263 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 |
| Total Number of Mortgage Applications | 213 |
| Total Mortgage Loan Application Amount | $34,235,000 |
| Average Mortgage Loan Application Amount | $160,727 |
| Highest Mortgage Loan Application Amount | $1,305,000 |
| Average Applicant Income | $141,633 |
| Highest Applicant Income | $844,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Powell Valley National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 102 | $ 10,600,000 | $ 103,921 | $ 76,784 |
| Kingsport-Bristol-Bristol, TN-VA | 92 | $ 18,360,000 | $ 199,565 | $ 191,739 |
| Johnson City, TN | 11 | $ 1,985,000 | $ 180,454 | $ 365,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,640,000 | $ 820,000 | $ 0 |
| Morristown, TN | 2 | $ 320,000 | $ 160,000 | $ 226,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 445,000 | $ 445,000 | $ 314,000 |
| Charleston-North Charleston, SC | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Knoxville, TN | 1 | $ 415,000 | $ 415,000 | $ 173,000 |
| Winston-Salem, NC | 1 | $ 95,000 | $ 95,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for Powell Valley National Bank in 2021
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 | 131 | $21,915,000 | $167,000 | $1,205,000 | $103,000 | $559,000 |
| Refinancing | 39 | $6,985,000 | $179,000 | $1,305,000 | $312,000 | $844,000 |
| Cash-out Refinancing | 28 | $4,380,000 | $156,000 | $415,000 | $103,000 | $326,000 |
| Home Improvement | 9 | $695,000 | $77,000 | $305,000 | $119,000 | $350,000 |
| Other Purpose | 6 | $260,000 | $43,000 | $75,000 | $92,000 | $125,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 174 | $24,220,000 | $139,000 | $1,305,000 | $145,000 | $844,000 |
| Not applicable | 31 | $8,715,000 | $281,000 | $1,255,000 | $0 | $0 |
| Hispanic | 4 | $530,000 | $132,000 | $305,000 | $46,000 | $114,000 |
| Black or African American | 3 | $335,000 | $111,000 | $155,000 | $41,000 | $44,000 |
| Asian | 1 | $435,000 | $435,000 | $435,000 | $277,000 | $277,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 213 | $34,235,000 | $160,000 | $1,305,000 | $142,000 | $844,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 180 | $30,300,000 | $168,000 | $1,305,000 | $157,000 | $844,000 |
| Application Withdrawn By Applicant | 22 | $2,860,000 | $130,000 | $865,000 | $73,000 | $247,000 |
| Application Denied By Financial Institution | 11 | $1,075,000 | $97,000 | $305,000 | $63,000 | $125,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 202 | $33,160,000 | $164,000 | $1,305,000 | $147,000 | $844,000 |
| Credit History | 7 | $525,000 | $75,000 | $165,000 | $63,000 | $125,000 |
| Debt-To-Income Ratio | 3 | $495,000 | $165,000 | $305,000 | $67,000 | $114,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $58,000 | $58,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Powell Valley National Bank's 2021 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 Powell Valley National Bank'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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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