Scottdale Bank & Trust Co. the Mortgage Lending & HMDA Data, 2011
In 2011, Scottdale Bank & Trust Co. the of Scottdale, PA reported 98 mortgage applications totaling $7.0 million, up 32% from 2010. The average application was for $71,091, and applicants reported an average income of $54,469. 86% of its applications resulted in an originated loan and 9% were denied. Its largest market was Pittsburgh, PA (97).
| Mortgage Company & Address | Scottdale Bank & Trust Co. the 150 Pittsburgh Street Scottdale, PA 15683 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 98 |
| Total Mortgage Loan Application Amount | $6,967,000 |
| Average Mortgage Loan Application Amount | $71,091 |
| Highest Mortgage Loan Application Amount | $1,085,000 |
| Average Applicant Income | $54,469 |
| Highest Applicant Income | $243,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Scottdale Bank & Trust Co. the filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fayette, Pennsylvania | 64 | $ 4,401,000 | $ 68,765 | $ 51,000 |
| Westmoreland, Pennsylvania | 31 | $ 2,271,000 | $ 73,258 | $ 62,000 |
| Allegheny, Pennsylvania | 1 | $ 140,000 | $ 140,000 | $ 49,000 |
| Somerset, Pennsylvania | 1 | $ 60,000 | $ 60,000 | $ 95,000 |
| Washington, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 15,000 |
Mortgage Loan Application Detail Totals for Scottdale Bank & Trust Co. the in 2011
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 | 37 | $3,767,000 | $101,000 | $1,085,000 | $53,000 | $190,000 |
| Refinancing | 34 | $2,484,000 | $73,000 | $427,000 | $62,000 | $233,000 |
| Home Improvement | 27 | $716,000 | $26,000 | $60,000 | $47,000 | $243,000 |
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 | 93 | $5,768,000 | $62,000 | $427,000 | $55,000 | $233,000 |
| Not applicable | 5 | $1,199,000 | $239,000 | $1,085,000 | $48,000 | $243,000 |
| Not Provided | 0 | $0 | $0 | $0 | $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 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 98 | $6,967,000 | $71,000 | $1,085,000 | $55,000 | $243,000 |
| 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 | 84 | $6,134,000 | $73,000 | $1,085,000 | $54,000 | $243,000 |
| Application Denied By Financial Institution | 9 | $510,000 | $56,000 | $124,000 | $62,000 | $95,000 |
| Application Withdrawn By Applicant | 2 | $58,000 | $29,000 | $45,000 | $77,000 | $109,000 |
| Application Approved But Not Accepted | 2 | $240,000 | $120,000 | $220,000 | $30,000 | $60,000 |
| File Closed For Incompleteness | 1 | $25,000 | $25,000 | $25,000 | $50,000 | $50,000 |
| 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 | 4 | $273,000 | $68,000 | $90,000 | $67,000 | $95,000 |
| Collateral | 3 | $63,000 | $21,000 | $33,000 | $46,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $124,000 | $124,000 | $124,000 | $77,000 | $77,000 |
| Other | 1 | $50,000 | $50,000 | $50,000 | $77,000 | $77,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Scottdale Bank & Trust Co. the's 2011 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 Scottdale Bank & Trust Co. the'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 Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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