Somerset Trust Company
HMDA Loan Application Totals
and Mortgage Lending Details
for 2007
Somerset Trust Company 2007 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Somerset Trust Company 151 W Main Street Somerset, PA 15501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 921 |
| Total Mortgage Loan Application Amount | $90,824,000 |
| Average Mortgage Loan Application Amount | $91,666 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $67,666 |
| Highest Applicant Income | $2,208,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2007 with Somerset Trust Company. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Somerset Trust Company's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2007 breaks down Somerset Trust Company's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Somerset Trust Company serves its applicants.
Each category highlights the total number of mortgage applications processed by Somerset Trust Company, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Somerset Trust Company's mortgage activity for 2007.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Somerset County Pennsylvania | 423 | $ 25,636,000 | $ 60,000 | $ 60,000 |
| Cambria County Pennsylvania | 66 | $ 4,028,000 | $ 61,000 | $ 104,000 |
| Fayette County Pennsylvania | 25 | $ 1,509,000 | $ 60,000 | $ 107,000 |
| Cuyahoga County Ohio | 12 | $ 1,882,000 | $ 156,000 | $ 88,000 |
| Berkeley County West Virginia | 10 | $ 2,726,000 | $ 272,000 | $ 80,000 |
| Mecklenburg County North Carolina | 9 | $ 1,203,000 | $ 133,000 | $ 52,000 |
| Lucas County Ohio | 9 | $ 1,270,000 | $ 141,000 | $ 68,000 |
| Westmoreland County Pennsylvania | 9 | $ 1,016,000 | $ 112,000 | $ 76,000 |
| Franklin County Ohio | 8 | $ 947,000 | $ 118,000 | $ 60,000 |
| Guilford County North Carolina | 7 | $ 992,000 | $ 141,000 | $ 90,000 |
| Washington County Arkansas | 6 | $ 871,000 | $ 145,000 | $ 55,000 |
| Johnson County Kansas | 6 | $ 1,155,000 | $ 192,000 | $ 54,000 |
| Wake County North Carolina | 6 | $ 795,000 | $ 132,000 | $ 60,000 |
| Hamilton County Ohio | 6 | $ 753,000 | $ 125,000 | $ 67,000 |
| Lorain County Ohio | 6 | $ 740,000 | $ 123,000 | $ 40,000 |
| Allegheny County Pennsylvania | 6 | $ 1,264,000 | $ 210,000 | $ 141,000 |
| Stark County Ohio | 5 | $ 630,000 | $ 126,000 | $ 47,000 |
| Summit County Ohio | 5 | $ 540,000 | $ 108,000 | $ 40,000 |
| Rowan County North Carolina | 4 | $ 407,000 | $ 101,000 | $ 60,000 |
| Butler County Ohio | 4 | $ 911,000 | $ 227,000 | $ 108,000 |
| Montgomery County Ohio | 4 | $ 579,000 | $ 144,000 | $ 51,000 |
| Jefferson County West Virginia | 4 | $ 938,000 | $ 234,000 | $ 70,000 |
| Union County Arkansas | 3 | $ 439,000 | $ 146,000 | $ 60,000 |
| Sedgwick County Kansas | 3 | $ 488,000 | $ 162,000 | $ 52,000 |
| Jefferson County Kentucky | 3 | $ 304,000 | $ 101,000 | $ 44,000 |
| Buncombe County North Carolina | 3 | $ 604,000 | $ 201,000 | $ 47,000 |
| Cumberland County North Carolina | 3 | $ 487,000 | $ 162,000 | $ 70,000 |
| Davidson County North Carolina | 3 | $ 480,000 | $ 160,000 | $ 35,000 |
| Durham County North Carolina | 3 | $ 454,000 | $ 151,000 | $ 56,000 |
| Forsyth County North Carolina | 3 | $ 431,000 | $ 143,000 | $ 45,000 |
| Johnston County North Carolina | 3 | $ 362,000 | $ 120,000 | $ 55,000 |
| Orange County North Carolina | 3 | $ 675,000 | $ 225,000 | $ 77,000 |
| Clermont County Ohio | 3 | $ 497,000 | $ 165,000 | $ 73,000 |
| Columbiana County Ohio | 3 | $ 276,000 | $ 92,000 | $ 35,000 |
| Fairfield County Ohio | 3 | $ 731,000 | $ 243,000 | $ 86,000 |
| Lake County Ohio | 3 | $ 307,000 | $ 102,000 | $ 46,000 |
| Mahoning County Ohio | 3 | $ 322,000 | $ 107,000 | $ 68,000 |
| Trumbull County Ohio | 3 | $ 353,000 | $ 117,000 | $ 54,000 |
| Bedford County Pennsylvania | 3 | $ 204,000 | $ 68,000 | $ 59,000 |
| Indiana County Pennsylvania | 3 | $ 67,000 | $ 22,000 | $ 89,000 |
| Cabell County West Virginia | 3 | $ 509,000 | $ 169,000 | $ 51,000 |
| Hancock County West Virginia | 3 | $ 240,000 | $ 80,000 | $ 42,000 |
| Marion County West Virginia | 3 | $ 262,000 | $ 87,000 | $ 28,000 |
| Morgan County West Virginia | 3 | $ 624,000 | $ 208,000 | $ 67,000 |
| Garland County Arkansas | 2 | $ 534,000 | $ 267,000 | $ 69,000 |
| Greene County Arkansas | 2 | $ 244,000 | $ 122,000 | $ 26,000 |
| Lonoke County Arkansas | 2 | $ 268,000 | $ 134,000 | $ 64,000 |
| Mississippi County Arkansas | 2 | $ 433,000 | $ 216,000 | $ 55,000 |
| Poinsett County Arkansas | 2 | $ 153,000 | $ 76,000 | $ 40,000 |
| Pulaski County Arkansas | 2 | $ 254,000 | $ 127,000 | $ 81,000 |
| Sebastian County Arkansas | 2 | $ 418,000 | $ 209,000 | $ 104,000 |
| Lee County Florida | 2 | $ 325,000 | $ 162,000 | $ 49,000 |
| Douglas County Kansas | 2 | $ 306,000 | $ 153,000 | $ 32,000 |
| Riley County Kansas | 2 | $ 388,000 | $ 194,000 | $ 37,000 |
| Shawnee County Kansas | 2 | $ 329,000 | $ 164,000 | $ 62,000 |
| Hardin County Kentucky | 2 | $ 240,000 | $ 120,000 | $ 78,000 |
| Kenton County Kentucky | 2 | $ 324,000 | $ 162,000 | $ 76,000 |
| Garrett County Maryland | 2 | $ 40,000 | $ 20,000 | $ 94,000 |
| Carteret County North Carolina | 2 | $ 294,000 | $ 147,000 | $ 38,000 |
| Craven County North Carolina | 2 | $ 347,000 | $ 173,000 | $ 69,000 |
| Franklin County North Carolina | 2 | $ 211,000 | $ 105,000 | $ 46,000 |
| Harnett County North Carolina | 2 | $ 475,000 | $ 237,000 | $ 157,000 |
| Henderson County North Carolina | 2 | $ 428,000 | $ 214,000 | $ 62,000 |
| Hoke County North Carolina | 2 | $ 218,000 | $ 109,000 | $ 52,000 |
| Lincoln County North Carolina | 2 | $ 296,000 | $ 148,000 | $ 57,000 |
| New Hanover County North Carolina | 2 | $ 297,000 | $ 148,000 | $ 48,000 |
| Onslow County North Carolina | 2 | $ 432,000 | $ 216,000 | $ 40,000 |
| Union County North Carolina | 2 | $ 485,000 | $ 242,000 | $ 62,000 |
| Wilkes County North Carolina | 2 | $ 219,000 | $ 109,000 | $ 34,000 |
| Adams County Ohio | 2 | $ 173,000 | $ 86,000 | $ 54,000 |
| Allen County Ohio | 2 | $ 289,000 | $ 144,000 | $ 79,000 |
| Darke County Ohio | 2 | $ 426,000 | $ 213,000 | $ 71,000 |
| Delaware County Ohio | 2 | $ 533,000 | $ 266,000 | $ 116,000 |
| Knox County Ohio | 2 | $ 215,000 | $ 107,000 | $ 35,000 |
| Licking County Ohio | 2 | $ 263,000 | $ 131,000 | $ 39,000 |
| Ottawa County Ohio | 2 | $ 304,000 | $ 152,000 | $ 62,000 |
| Preble County Ohio | 2 | $ 200,000 | $ 100,000 | $ 53,000 |
| Washington County Ohio | 2 | $ 290,000 | $ 145,000 | $ 69,000 |
| Blair County Pennsylvania | 2 | $ 117,000 | $ 58,000 | $ 39,000 |
| Hampshire County West Virginia | 2 | $ 241,000 | $ 120,000 | $ 19,000 |
| Harrison County West Virginia | 2 | $ 188,000 | $ 94,000 | $ 60,000 |
| Maricopa County Arizona | 1 | $ 120,000 | $ 120,000 | $ 40,000 |
| Baxter County Arkansas | 1 | $ 96,000 | $ 96,000 | $ 89,000 |
| Benton County Arkansas | 1 | $ 87,000 | $ 87,000 | $ 56,000 |
| Calhoun County Arkansas | 1 | $ 106,000 | $ 106,000 | $ 82,000 |
| Carroll County Arkansas | 1 | $ 140,000 | $ 140,000 | $ 40,000 |
| Cleburne County Arkansas | 1 | $ 149,000 | $ 149,000 | $ 79,000 |
| Cleveland County Arkansas | 1 | $ 272,000 | $ 272,000 | $ 156,000 |
| Conway County Arkansas | 1 | $ 86,000 | $ 86,000 | $ 50,000 |
| Faulkner County Arkansas | 1 | $ 185,000 | $ 185,000 | $ 20,000 |
| Franklin County Arkansas | 1 | $ 106,000 | $ 106,000 | $ 60,000 |
| Grant County Arkansas | 1 | $ 365,000 | $ 365,000 | $ 136,000 |
| Izard County Arkansas | 1 | $ 76,000 | $ 76,000 | $ 37,000 |
| Jefferson County Arkansas | 1 | $ 85,000 | $ 85,000 | $ 85,000 |
| Miller County Arkansas | 1 | $ 80,000 | $ 80,000 | $ 51,000 |
| Montgomery County Arkansas | 1 | $ 92,000 | $ 92,000 | $ 30,000 |
| Newton County Arkansas | 1 | $ 215,000 | $ 215,000 | $ 78,000 |
| Perry County Arkansas | 1 | $ 165,000 | $ 165,000 | $ 72,000 |
| Saline County Arkansas | 1 | $ 506,000 | $ 506,000 | $ 156,000 |
| White County Arkansas | 1 | $ 100,000 | $ 100,000 | $ 53,000 |
| Yell County Arkansas | 1 | $ 124,000 | $ 124,000 | $ 100,000 |
| New London County Connecticut | 1 | $ 220,000 | $ 220,000 | $ 70,000 |
| Palm Beach County Florida | 1 | $ 231,000 | $ 231,000 | $ 74,000 |
| Seminole County Florida | 1 | $ 95,000 | $ 95,000 | $ 22,000 |
| Washington County Florida | 1 | $ 175,000 | $ 175,000 | $ 47,000 |
| Cook County Illinois | 1 | $ 114,000 | $ 114,000 | $ 15,000 |
| Hamilton County Illinois | 1 | $ 106,000 | $ 106,000 | $ 62,000 |
| Macon County Illinois | 1 | $ 134,000 | $ 134,000 | $ 60,000 |
| Madison County Illinois | 1 | $ 92,000 | $ 92,000 | $ 80,000 |
| Massac County Illinois | 1 | $ 139,000 | $ 139,000 | $ 42,000 |
| Vermilion County Illinois | 1 | $ 148,000 | $ 148,000 | $ 84,000 |
| Winnebago County Illinois | 1 | $ 147,000 | $ 147,000 | $ 62,000 |
| Sullivan County Indiana | 1 | $ 100,000 | $ 100,000 | $ 85,000 |
| Bremer County Iowa | 1 | $ 281,000 | $ 281,000 | $ 34,000 |
| Polk County Iowa | 1 | $ 120,000 | $ 120,000 | $ 48,000 |
| Franklin County Kansas | 1 | $ 118,000 | $ 118,000 | $ 58,000 |
| Geary County Kansas | 1 | $ 118,000 | $ 118,000 | $ 91,000 |
| Harvey County Kansas | 1 | $ 91,000 | $ 91,000 | $ 75,000 |
| Reno County Kansas | 1 | $ 114,000 | $ 114,000 | $ 44,000 |
| Rooks County Kansas | 1 | $ 116,000 | $ 116,000 | $ 150,000 |
| Saline County Kansas | 1 | $ 151,000 | $ 151,000 | $ 99,000 |
| Wyandotte County Kansas | 1 | $ 92,000 | $ 92,000 | $ 77,000 |
| Bell County Kentucky | 1 | $ 100,000 | $ 100,000 | $ 49,000 |
| Bullitt County Kentucky | 1 | $ 162,000 | $ 162,000 | $ 83,000 |
| Caldwell County Kentucky | 1 | $ 90,000 | $ 90,000 | $ 52,000 |
| Christian County Kentucky | 1 | $ 79,000 | $ 79,000 | $ 52,000 |
| Clark County Kentucky | 1 | $ 251,000 | $ 251,000 | $ 86,000 |
| Fayette County Kentucky | 1 | $ 90,000 | $ 90,000 | $ 32,000 |
| Floyd County Kentucky | 1 | $ 136,000 | $ 136,000 | $ 63,000 |
| Harrison County Kentucky | 1 | $ 133,000 | $ 133,000 | $ 36,000 |
| Knott County Kentucky | 1 | $ 150,000 | $ 150,000 | $ 58,000 |
| Livingston County Kentucky | 1 | $ 75,000 | $ 75,000 | $ 90,000 |
| Lyon County Kentucky | 1 | $ 141,000 | $ 141,000 | $ 46,000 |
| Nelson County Kentucky | 1 | $ 76,000 | $ 76,000 | $ 36,000 |
| Nicholas County Kentucky | 1 | $ 72,000 | $ 72,000 | $ 24,000 |
| Oldham County Kentucky | 1 | $ 273,000 | $ 273,000 | $ 225,000 |
| Shelby County Kentucky | 1 | $ 196,000 | $ 196,000 | $ 92,000 |
| Webster County Kentucky | 1 | $ 98,000 | $ 98,000 | $ 73,000 |
| Allegany County Maryland | 1 | $ 60,000 | $ 60,000 | $ 309,000 |
| St. Louis County Missouri | 1 | $ 110,000 | $ 110,000 | $ 60,000 |
| Alamance County North Carolina | 1 | $ 166,000 | $ 166,000 | $ 102,000 |
| Brunswick County North Carolina | 1 | $ 260,000 | $ 260,000 | $ 64,000 |
| Burke County North Carolina | 1 | $ 176,000 | $ 176,000 | $ 74,000 |
| Camden County North Carolina | 1 | $ 241,000 | $ 241,000 | $ 57,000 |
| Catawba County North Carolina | 1 | $ 88,000 | $ 88,000 | $ 60,000 |
| Cherokee County North Carolina | 1 | $ 106,000 | $ 106,000 | $ 30,000 |
| Cleveland County North Carolina | 1 | $ 172,000 | $ 172,000 | $ 59,000 |
| Columbus County North Carolina | 1 | $ 167,000 | $ 167,000 | $ 57,000 |
| Davie County North Carolina | 1 | $ 144,000 | $ 144,000 | $ 33,000 |
| Gaston County North Carolina | 1 | $ 119,000 | $ 119,000 | $ 50,000 |
| Halifax County North Carolina | 1 | $ 78,000 | $ 78,000 | $ 29,000 |
| Hertford County North Carolina | 1 | $ 110,000 | $ 110,000 | $ 38,000 |
| Iredell County North Carolina | 1 | $ 117,000 | $ 117,000 | $ 26,000 |
| Lee County North Carolina | 1 | $ 102,000 | $ 102,000 | $ 43,000 |
| Macon County North Carolina | 1 | $ 64,000 | $ 64,000 | $ 27,000 |
| McDowell County North Carolina | 1 | $ 185,000 | $ 185,000 | $ 167,000 |
| Pamlico County North Carolina | 1 | $ 288,000 | $ 288,000 | $ 145,000 |
| Pender County North Carolina | 1 | $ 128,000 | $ 128,000 | $ 37,000 |
| Pitt County North Carolina | 1 | $ 78,000 | $ 78,000 | $ 30,000 |
| Randolph County North Carolina | 1 | $ 159,000 | $ 159,000 | $ 75,000 |
| Rutherford County North Carolina | 1 | $ 114,000 | $ 114,000 | $ 27,000 |
| Stokes County North Carolina | 1 | $ 218,000 | $ 218,000 | $ 39,000 |
| Surry County North Carolina | 1 | $ 133,000 | $ 133,000 | $ 47,000 |
| Transylvania County North Carolina | 1 | $ 171,000 | $ 171,000 | $ 36,000 |
| Yadkin County North Carolina | 1 | $ 100,000 | $ 100,000 | $ 32,000 |
| Yancey County North Carolina | 1 | $ 200,000 | $ 200,000 | $ 59,000 |
| Ashtabula County Ohio | 1 | $ 112,000 | $ 112,000 | $ 44,000 |
| Auglaize County Ohio | 1 | $ 307,000 | $ 307,000 | $ 120,000 |
| Brown County Ohio | 1 | $ 80,000 | $ 80,000 | $ 39,000 |
| Champaign County Ohio | 1 | $ 104,000 | $ 104,000 | $ 35,000 |
| Clark County Ohio | 1 | $ 120,000 | $ 120,000 | $ 35,000 |
| Erie County Ohio | 1 | $ 835,000 | $ 835,000 | $ 282,000 |
| Fulton County Ohio | 1 | $ 90,000 | $ 90,000 | $ 21,000 |
| Gallia County Ohio | 1 | $ 127,000 | $ 127,000 | $ 101,000 |
| Greene County Ohio | 1 | $ 159,000 | $ 159,000 | $ 123,000 |
| Guernsey County Ohio | 1 | $ 105,000 | $ 105,000 | $ 48,000 |
| Hardin County Ohio | 1 | $ 127,000 | $ 127,000 | $ 64,000 |
| Harrison County Ohio | 1 | $ 162,000 | $ 162,000 | $ 66,000 |
| Huron County Ohio | 1 | $ 200,000 | $ 200,000 | $ 53,000 |
| Miami County Ohio | 1 | $ 92,000 | $ 92,000 | $ 25,000 |
| Morrow County Ohio | 1 | $ 293,000 | $ 293,000 | $ 80,000 |
| Muskingum County Ohio | 1 | $ 108,000 | $ 108,000 | $ 55,000 |
| Richland County Ohio | 1 | $ 200,000 | $ 200,000 | $ 65,000 |
| Sandusky County Ohio | 1 | $ 123,000 | $ 123,000 | $ 60,000 |
| Union County Ohio | 1 | $ 144,000 | $ 144,000 | $ 62,000 |
| Warren County Ohio | 1 | $ 142,000 | $ 142,000 | $ 68,000 |
| Wyandot County Ohio | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| Chester County Pennsylvania | 1 | $ 337,000 | $ 337,000 | $ 152,000 |
| Delaware County Pennsylvania | 1 | $ 111,000 | $ 111,000 | $ 53,000 |
| Erie County Pennsylvania | 1 | $ 96,000 | $ 96,000 | $ 28,000 |
| Carter County Tennessee | 1 | $ 104,000 | $ 104,000 | $ 25,000 |
| Davidson County Tennessee | 1 | $ 145,000 | $ 145,000 | $ 31,000 |
| Sevier County Tennessee | 1 | $ 129,000 | $ 129,000 | $ 36,000 |
| Shelby County Tennessee | 1 | $ 127,000 | $ 127,000 | $ 89,000 |
| Austin County Texas | 1 | $ 132,000 | $ 132,000 | $ 26,000 |
| Fort Bend County Texas | 1 | $ 130,000 | $ 130,000 | $ 68,000 |
| Harris County Texas | 1 | $ 136,000 | $ 136,000 | $ 70,000 |
| Hutchinson County Texas | 1 | $ 128,000 | $ 128,000 | $ 64,000 |
| Jefferson County Texas | 1 | $ 327,000 | $ 327,000 | $ 84,000 |
| Liberty County Texas | 1 | $ 75,000 | $ 75,000 | $ 24,000 |
| Smith County Texas | 1 | $ 120,000 | $ 120,000 | $ 54,000 |
| Tarrant County Texas | 1 | $ 96,000 | $ 96,000 | $ 108,000 |
| Calhoun County West Virginia | 1 | $ 102,000 | $ 102,000 | $ 52,000 |
| Fayette County West Virginia | 1 | $ 145,000 | $ 145,000 | $ 41,000 |
| Jackson County West Virginia | 1 | $ 96,000 | $ 96,000 | $ 38,000 |
| Logan County West Virginia | 1 | $ 67,000 | $ 67,000 | $ 41,000 |
| McDowell County West Virginia | 1 | $ 123,000 | $ 123,000 | $ 38,000 |
| Mineral County West Virginia | 1 | $ 89,000 | $ 89,000 | $ 35,000 |
| Putnam County West Virginia | 1 | $ 206,000 | $ 206,000 | $ 59,000 |
| Taylor County West Virginia | 1 | $ 81,000 | $ 81,000 | $ 60,000 |
| Upshur County West Virginia | 1 | $ 113,000 | $ 113,000 | $ 52,000 |
| Wetzel County West Virginia | 1 | $ 97,000 | $ 97,000 | $ 71,000 |
| Wood County West Virginia | 1 | $ 114,000 | $ 114,000 | $ 52,000 |
| Wyoming County West Virginia | 1 | $ 70,000 | $ 70,000 | $ 28,000 |
Mortgage Loan Application Detail Totals for Somerset Trust Company in 2007
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 | 445 | $55,744,000 | $125,000 | $835,000 | $63,000 | $289,000 |
| Home Improvement | 272 | $16,851,000 | $61,000 | $412,000 | $60,000 | $584,000 |
| Home Purchase | 204 | $18,229,000 | $89,000 | $850,000 | $80,000 | $2,208,000 |
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 | 807 | $75,652,000 | $93,000 | $850,000 | $65,000 | $2,208,000 |
| Black or African American | 59 | $7,560,000 | $128,000 | $396,000 | $79,000 | $600,000 |
| Not Provided | 25 | $3,273,000 | $130,000 | $304,000 | $60,000 | $180,000 |
| Not applicable | 7 | $1,015,000 | $145,000 | $500,000 | $0 | $0 |
| Hispanic | 7 | $1,038,000 | $148,000 | $288,000 | $94,000 | $225,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $709,000 | $118,000 | $264,000 | $93,000 | $358,000 |
| Asian | 6 | $954,000 | $159,000 | $327,000 | $59,000 | $126,000 |
| American Indian or Alaskan Native | 4 | $623,000 | $155,000 | $307,000 | $69,000 | $120,000 |
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) | 921 | $90,824,000 | $98,000 | $850,000 | $66,000 | $2,208,000 |
| 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 | 415 | $30,056,000 | $72,000 | $850,000 | $76,000 | $2,208,000 |
| Application Denied By Financial Institution | 402 | $50,207,000 | $124,000 | $835,000 | $56,000 | $282,000 |
| Application Withdrawn By Applicant | 92 | $8,852,000 | $96,000 | $371,000 | $60,000 | $209,000 |
| Application Approved But Not Accepted | 11 | $1,431,000 | $130,000 | $240,000 | $66,000 | $112,000 |
| File Closed For Incompleteness | 1 | $278,000 | $278,000 | $278,000 | $95,000 | $95,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Somerset Trust Company's 2007 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 Somerset Trust Company'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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