Second Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Second Bank & Trust of Fredericksburg, VA reported 244 mortgage applications totaling $30.6 million, down 64% from 2003. The average application was for $125,315, and applicants reported an average income of $71,971. 84% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Harrisonburg, VA (13), Richmond, VA (2) and Virginia Beach-Norfolk-Newport News, VA-NC (1) (applications in parentheses).
| Mortgage Company & Address | Second Bank & Trust 4805 Lassen Lane Fredericksburg, VA 22408 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 244 |
| Total Mortgage Loan Application Amount | $30,577,000 |
| Average Mortgage Loan Application Amount | $125,315 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $71,971 |
| Highest Applicant Income | $371,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Second Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Culpeper, Virginia | 72 | $ 7,568,000 | $ 105,111 | $ 53,000 |
| Madison, Virginia | 51 | $ 4,596,000 | $ 90,117 | $ 57,000 |
| Orange, Virginia | 48 | $ 6,466,000 | $ 134,708 | $ 74,000 |
| Shenandoah, Virginia | 15 | $ 1,584,000 | $ 105,600 | $ 52,000 |
| Fauquier, Virginia | 11 | $ 1,955,000 | $ 177,727 | $ 108,000 |
| Albemarle, Virginia | 7 | $ 1,139,000 | $ 162,714 | $ 74,000 |
| Rockingham, Virginia | 7 | $ 985,000 | $ 140,714 | $ 141,000 |
| Harrisonburg, Virginia | 6 | $ 787,000 | $ 131,166 | $ 28,000 |
| Greene, Virginia | 5 | $ 1,155,000 | $ 231,000 | $ 30,000 |
| Rappahannock, Virginia | 4 | $ 428,000 | $ 107,000 | $ 63,000 |
| Spotsylvania, Virginia | 4 | $ 325,000 | $ 81,250 | $ 141,000 |
| Louisa, Virginia | 2 | $ 175,000 | $ 87,500 | $ 191,000 |
| Stafford, Virginia | 2 | $ 2,416,000 | $ 1,208,000 | $ 56,000 |
| Arlington, Virginia | 1 | $ 75,000 | $ 75,000 | $ 91,000 |
| Augusta, Virginia | 1 | $ 120,000 | $ 120,000 | $ 40,000 |
| Charlottesville, Virginia | 1 | $ 216,000 | $ 216,000 | $ 182,000 |
| Fluvanna, Virginia | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Henrico, Virginia | 1 | $ 181,000 | $ 181,000 | $ 286,000 |
| Page, Virginia | 1 | $ 114,000 | $ 114,000 | $ 57,000 |
| Portsmouth, Virginia | 1 | $ 20,000 | $ 20,000 | $ 29,000 |
| Staunton, Virginia | 1 | $ 53,000 | $ 53,000 | $ 69,000 |
| Westmoreland, Virginia | 1 | $ 44,000 | $ 44,000 | $ 73,000 |
| Hardy, West Virginia | 1 | $ 75,000 | $ 75,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for Second Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Refinancing | 114 | $12,563,000 | $92,500 | $360,000 | $69,500 | $239,000 |
| Home Purchase | 70 | $14,409,000 | $205,000 | $2,000,000 | $77,000 | $371,000 |
| Home Improvement | 60 | $3,605,000 | $60,000 | $255,000 | $68,000 | $255,000 |
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 | 221 | $26,688,000 | $97,500 | $2,000,000 | $73,000 | $371,000 |
| Not applicable | 10 | $2,386,000 | $238,000 | $1,000,000 | $0 | $0 |
| Black or African American | 8 | $781,000 | $97,000 | $281,000 | $66,000 | $191,000 |
| Hispanic | 2 | $255,000 | $127,000 | $177,000 | $32,000 | $39,000 |
| Not Provided | 2 | $314,000 | $157,000 | $175,000 | $177,000 | $239,000 |
| American Indian or Alaskan Native | 1 | $153,000 | $153,000 | $153,000 | $123,000 | $123,000 |
| Asian | 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) | 244 | $30,577,000 | $100,000 | $2,000,000 | $70,000 | $371,000 |
| 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 | 206 | $22,879,000 | $111,000 | $560,000 | $80,000 | $371,000 |
| Application Denied By Financial Institution | 20 | $4,109,000 | $143,500 | $2,000,000 | $60,000 | $180,000 |
| Application Withdrawn By Applicant | 14 | $2,289,000 | $163,000 | $360,000 | $51,000 | $118,000 |
| Application Approved But Not Accepted | 4 | $1,300,000 | $325,000 | $1,000,000 | $40,000 | $70,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $3,380,000 | $307,000 | $2,000,000 | $39,000 | $77,000 |
| Credit History | 7 | $605,000 | $81,500 | $200,000 | $59,000 | $81,000 |
| Other | 1 | $59,000 | $59,000 | $59,000 | $180,000 | $180,000 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $38,000 | $38,000 |
| 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 Second Bank & Trust'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 Second Bank & Trust'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.
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