The Old Point National Bank of Phoebus Mortgage Lending & HMDA Data, 2021
In 2021, The Old Point National Bank of Phoebus of Hampton, VA reported 480 mortgage applications totaling $146.7 million, up 17% from 2020. The average application was for $305,645, and applicants reported an average income of $141,929. 73% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (362), Charlotte-Concord-Gastonia, NC-SC (43) and Richmond, VA (16) (applications in parentheses).
| Mortgage Company & Address | The Old Point National Bank of Phoebus 1 W Mellen Street Hampton, VA 23669 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 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 480 |
| Total Mortgage Loan Application Amount | $146,710,000 |
| Average Mortgage Loan Application Amount | $305,645 |
| Highest Mortgage Loan Application Amount | $2,695,000 |
| Average Applicant Income | $141,929 |
| Highest Applicant Income | $1,380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Old Point National Bank of Phoebus filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Hampton, Virginia | 73 | $ 12,585,000 | $ 172,397 | $ 116,000 |
| Virginia Beach, Virginia | 72 | $ 24,810,000 | $ 344,583 | $ 152,000 |
| Newport News, Virginia | 39 | $ 7,035,000 | $ 180,384 | $ 105,000 |
| Mecklenburg, North Carolina | 28 | $ 12,770,000 | $ 456,071 | $ 176,000 |
| Chesapeake, Virginia | 23 | $ 6,135,000 | $ 266,739 | $ 161,000 |
| Isle of Wight, Virginia | 23 | $ 6,965,000 | $ 302,826 | $ 137,000 |
| York, Virginia | 23 | $ 6,005,000 | $ 261,086 | $ 151,000 |
| James City, Virginia | 21 | $ 6,555,000 | $ 312,142 | $ 157,000 |
| Southampton, Virginia | 21 | $ 3,825,000 | $ 182,142 | $ 78,000 |
| Suffolk, Virginia | 17 | $ 6,795,000 | $ 399,705 | $ 194,000 |
| Norfolk, Virginia | 14 | $ 2,430,000 | $ 173,571 | $ 125,000 |
| Currituck, North Carolina | 8 | $ 2,220,000 | $ 277,500 | $ 153,000 |
| Portsmouth, Virginia | 8 | $ 1,120,000 | $ 140,000 | $ 88,000 |
| Dare, North Carolina | 5 | $ 1,795,000 | $ 359,000 | $ 294,000 |
| Lincoln, North Carolina | 5 | $ 1,545,000 | $ 309,000 | $ 154,000 |
| Northampton, North Carolina | 5 | $ 605,000 | $ 121,000 | $ 52,000 |
| Franklin City, Virginia | 5 | $ 1,035,000 | $ 207,000 | $ 82,000 |
| Gloucester, Virginia | 5 | $ 1,375,000 | $ 275,000 | $ 134,000 |
| Collier, Florida | 4 | $ 8,940,000 | $ 2,235,000 | $ 0 |
| Miami-Dade, Florida | 4 | $ 6,250,000 | $ 1,562,500 | $ 0 |
| New Kent, Virginia | 4 | $ 930,000 | $ 232,500 | $ 72,000 |
| Northampton, Virginia | 4 | $ 2,050,000 | $ 512,500 | $ 207,000 |
| Poquoson, Virginia | 4 | $ 1,480,000 | $ 370,000 | $ 164,000 |
| Cabarrus, North Carolina | 3 | $ 1,165,000 | $ 388,333 | $ 156,000 |
| Camden, North Carolina | 3 | $ 535,000 | $ 178,333 | $ 134,000 |
| Hertford, North Carolina | 3 | $ 575,000 | $ 191,666 | $ 97,000 |
| Henrico, Virginia | 3 | $ 1,695,000 | $ 565,000 | $ 152,000 |
| Caldwell, North Carolina | 2 | $ 1,160,000 | $ 580,000 | $ 209,000 |
| Gaston, North Carolina | 2 | $ 380,000 | $ 190,000 | $ 172,000 |
| Iredell, North Carolina | 2 | $ 450,000 | $ 225,000 | $ 175,000 |
| Rowan, North Carolina | 2 | $ 600,000 | $ 300,000 | $ 127,000 |
| Wake, North Carolina | 2 | $ 700,000 | $ 350,000 | $ 157,000 |
| Charleston, South Carolina | 2 | $ 1,090,000 | $ 545,000 | $ 402,000 |
| Hanover, Virginia | 2 | $ 660,000 | $ 330,000 | $ 151,000 |
| Middlesex, Virginia | 2 | $ 480,000 | $ 240,000 | $ 66,000 |
| Prince George, Virginia | 2 | $ 430,000 | $ 215,000 | $ 80,000 |
| Richmond City, Virginia | 2 | $ 690,000 | $ 345,000 | $ 51,000 |
| Sussex, Virginia | 2 | $ 260,000 | $ 130,000 | $ 64,000 |
| Williamsburg, Virginia | 2 | $ 580,000 | $ 290,000 | $ 358,000 |
| District of Columbia, District Of Columbia | 1 | $ 665,000 | $ 665,000 | $ 160,000 |
| Broward, Florida | 1 | $ 175,000 | $ 175,000 | $ 107,000 |
| Hillsborough, Florida | 1 | $ 175,000 | $ 175,000 | $ 39,000 |
| Lee, Florida | 1 | $ 805,000 | $ 805,000 | $ 0 |
| Manatee, Florida | 1 | $ 355,000 | $ 355,000 | $ 210,000 |
| Martin, Florida | 1 | $ 1,325,000 | $ 1,325,000 | $ 0 |
| Anne Arundel, Maryland | 1 | $ 415,000 | $ 415,000 | $ 153,000 |
| Prince George's, Maryland | 1 | $ 325,000 | $ 325,000 | $ 80,000 |
| Beaufort, North Carolina | 1 | $ 95,000 | $ 95,000 | $ 123,000 |
| Bertie, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 32,000 |
| Buncombe, North Carolina | 1 | $ 325,000 | $ 325,000 | $ 87,000 |
| Chowan, North Carolina | 1 | $ 325,000 | $ 325,000 | $ 60,000 |
| Durham, North Carolina | 1 | $ 215,000 | $ 215,000 | $ 71,000 |
| New Hanover, North Carolina | 1 | $ 425,000 | $ 425,000 | $ 378,000 |
| Onslow, North Carolina | 1 | $ 145,000 | $ 145,000 | $ 71,000 |
| Pasquotank, North Carolina | 1 | $ 125,000 | $ 125,000 | $ 74,000 |
| Perquimans, North Carolina | 1 | $ 265,000 | $ 265,000 | $ 140,000 |
| Union, North Carolina | 1 | $ 305,000 | $ 305,000 | $ 87,000 |
| Watauga, North Carolina | 1 | $ 265,000 | $ 265,000 | $ 99,000 |
| Horry, South Carolina | 1 | $ 165,000 | $ 165,000 | $ 246,000 |
| Albemarle, Virginia | 1 | $ 545,000 | $ 545,000 | $ 245,000 |
| Chesterfield, Virginia | 1 | $ 345,000 | $ 345,000 | $ 162,000 |
| Emporia, Virginia | 1 | $ 185,000 | $ 185,000 | $ 79,000 |
| Franklin, Virginia | 1 | $ 405,000 | $ 405,000 | $ 218,000 |
| Lancaster, Virginia | 1 | $ 485,000 | $ 485,000 | $ 1,380,000 |
| Louisa, Virginia | 1 | $ 45,000 | $ 45,000 | $ 126,000 |
| Mathews, Virginia | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Northumberland, Virginia | 1 | $ 245,000 | $ 245,000 | $ 131,000 |
| Warren, Virginia | 1 | $ 215,000 | $ 215,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for The Old Point National Bank of Phoebus 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 | 180 | $61,180,000 | $339,000 | $2,415,000 | $157,000 | $1,050,000 |
| Refinancing | 167 | $54,015,000 | $323,000 | $2,695,000 | $137,000 | $1,380,000 |
| Cash-out Refinancing | 103 | $28,055,000 | $272,000 | $1,405,000 | $127,000 | $570,000 |
| Other Purpose | 19 | $2,565,000 | $135,000 | $505,000 | $150,000 | $741,000 |
| Home Improvement | 11 | $895,000 | $81,000 | $205,000 | $96,000 | $272,000 |
| 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 | 338 | $93,300,000 | $276,000 | $2,005,000 | $141,000 | $1,380,000 |
| Black or African American | 46 | $8,970,000 | $195,000 | $545,000 | $107,000 | $341,000 |
| Not Provided | 35 | $11,475,000 | $327,000 | $1,085,000 | $203,000 | $598,000 |
| Not applicable | 22 | $21,430,000 | $974,000 | $2,695,000 | $0 | $0 |
| Asian | 21 | $7,325,000 | $348,000 | $1,485,000 | $141,000 | $445,000 |
| Hispanic | 13 | $2,465,000 | $189,000 | $545,000 | $112,000 | $199,000 |
| American Indian or Alaskan Native | 4 | $1,340,000 | $335,000 | $545,000 | $144,000 | $196,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $405,000 | $405,000 | $405,000 | $169,000 | $169,000 |
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) | 473 | $145,435,000 | $307,000 | $2,695,000 | $142,000 | $1,380,000 |
| FHA-insured (Federal Housing Administration) | 7 | $1,275,000 | $182,000 | $235,000 | $69,000 | $130,000 |
| 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 | 352 | $97,950,000 | $278,000 | $2,005,000 | $145,000 | $1,380,000 |
| Application Withdrawn By Applicant | 43 | $11,195,000 | $260,000 | $655,000 | $153,000 | $1,050,000 |
| Application Denied By Financial Institution | 35 | $8,085,000 | $231,000 | $1,125,000 | $76,000 | $245,000 |
| File Closed For Incompleteness | 32 | $10,540,000 | $329,000 | $1,355,000 | $148,000 | $600,000 |
| Loan Purchased By The Institution | 10 | $17,320,000 | $1,732,000 | $2,695,000 | $0 | $0 |
| Application Approved But Not Accepted | 8 | $1,620,000 | $202,000 | $655,000 | $194,000 | $741,000 |
| 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 | 445 | $138,625,000 | $311,000 | $2,695,000 | $147,000 | $1,380,000 |
| Debt-To-Income Ratio | 23 | $6,345,000 | $275,000 | $1,125,000 | $70,000 | $245,000 |
| Credit History | 6 | $500,000 | $83,000 | $205,000 | $61,000 | $114,000 |
| Collateral | 3 | $635,000 | $211,000 | $315,000 | $132,000 | $228,000 |
| Credit Application Incomplete | 1 | $285,000 | $285,000 | $285,000 | $73,000 | $73,000 |
| Other | 1 | $95,000 | $95,000 | $95,000 | $124,000 | $124,000 |
| Unverifiable Information | 1 | $225,000 | $225,000 | $225,000 | $107,000 | $107,000 |
| 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 The Old Point National Bank of Phoebus'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 The Old Point National Bank of Phoebus'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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