Union Building & Loan Savings Mortgage Lending & HMDA Data, 2003
In 2003, Union Building & Loan Savings of Bridgewater, PA reported 79 mortgage applications totaling $6.4 million. The average application was for $81,518, and applicants reported an average income of $66,063. 86% of its applications resulted in an originated loan and 4% were denied. Its largest market was Pittsburgh, PA (74).
| Mortgage Company & Address | Union Building & Loan Savings 303 Leopard Lane Bridgewater, PA 15009 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2005 2004 2003 |
| Total Number of Mortgage Applications | 79 |
| Total Mortgage Loan Application Amount | $6,440,000 |
| Average Mortgage Loan Application Amount | $81,518 |
| Highest Mortgage Loan Application Amount | $414,000 |
| Average Applicant Income | $66,063 |
| Highest Applicant Income | $404,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Building & Loan Savings filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Union Building & Loan Savings in 2003
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 (one-to-four family) | 50 | $4,636,000 | $66,500 | $414,000 | $65,500 | $404,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 19 | $1,512,000 | $79,000 | $215,000 | $74,000 | $276,000 |
| Home Improvement (one-to-four family) | 10 | $292,000 | $29,000 | $75,000 | $61,000 | $135,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 76 | $6,181,000 | $60,500 | $414,000 | $68,000 | $404,000 |
| Asian or Pacific Islander | 2 | $60,000 | $30,000 | $42,000 | $20,000 | $22,000 |
| Black | 1 | $199,000 | $199,000 | $199,000 | $77,000 | $77,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 79 | $6,440,000 | $61,000 | $414,000 | $66,500 | $404,000 |
| 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 | 68 | $5,894,000 | $86,000 | $414,000 | $70,000 | $404,000 |
| Application Withdrawn By Applicant | 8 | $298,000 | $37,000 | $98,000 | $54,000 | $80,000 |
| Application Denied By Financial Institution | 3 | $248,000 | $72,000 | $199,000 | $70,000 | $77,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 3 | $248,000 | $72,000 | $199,000 | $70,000 | $77,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Building & Loan Savings's 2003 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 Union Building & Loan Savings'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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