Rockingham Heritage Bank Mortgage Lending & HMDA Data, 2004
In 2004, Rockingham Heritage Bank of Dunbar, WV reported 144 mortgage applications totaling $20.4 million. The average application was for $141,666, and applicants reported an average income of $63,055. 93% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Harrisonburg, VA (87), Charlottesville, VA (5) and Lynchburg, VA (1) (applications in parentheses).
| Mortgage Company & Address | Rockingham Heritage Bank 1200 Grosscup Avenue Dunbar, WV 25064 |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 144 |
| Total Mortgage Loan Application Amount | $20,400,000 |
| Average Mortgage Loan Application Amount | $141,666 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $63,055 |
| Highest Applicant Income | $884,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Rockingham Heritage Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Rockingham Heritage Bank in 2004
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 | 93 | $15,929,000 | $429,000 | $800,000 | $104,333 | $883,000 |
| Refinancing | 37 | $4,033,000 | $109,000 | $450,000 | $103,000 | $884,000 |
| Home Improvement | 14 | $438,000 | $31,000 | $110,000 | $39,000 | $197,000 |
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 | 103 | $13,515,000 | $375,500 | $625,000 | $177,500 | $884,000 |
| Not applicable | 34 | $6,316,000 | $338,000 | $800,000 | $0 | $0 |
| Not Provided | 3 | $287,000 | $95,000 | $150,000 | $12,000 | $36,000 |
| Hispanic | 2 | $94,000 | $47,000 | $86,000 | $40,000 | $48,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $188,000 | $94,000 | $121,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 144 | $20,400,000 | $420,000 | $800,000 | $108,666 | $884,000 |
| 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 | 134 | $19,034,000 | $381,500 | $800,000 | $165,500 | $884,000 |
| Application Denied By Financial Institution | 4 | $562,000 | $260,000 | $500,000 | $10,500 | $32,000 |
| Application Withdrawn By Applicant | 3 | $308,000 | $102,000 | $150,000 | $28,000 | $48,000 |
| Application Approved But Not Accepted | 2 | $241,000 | $120,000 | $156,000 | $86,000 | $172,000 |
| File Closed For Incompleteness | 1 | $255,000 | $255,000 | $255,000 | $73,000 | $73,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $47,000 | $23,000 | $39,000 | $24,000 | $32,000 |
| Other | 1 | $500,000 | $500,000 | $500,000 | $0 | $0 |
| Credit History | 1 | $15,000 | $15,000 | $15,000 | $17,000 | $17,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Rockingham Heritage Bank's 2004 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 Rockingham Heritage 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.
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