United Bank Inc Mortgage Lending & HMDA Data, 2007
In 2007, United Bank Inc of Parkersburg, WV reported 2,662 mortgage applications totaling $225.9 million, down 16% from 2006. The average application was for $84,856, and applicants reported an average income of $76,557. 76% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Charleston, WV (391), Parkersburg-Marietta-Vienna, WV-OH (239) and Wheeling, WV-OH (212) (applications in parentheses).
| Mortgage Company & Address | United Bank Inc 5th & Avery/United Square Parkersburg, WV 26102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,662 |
| Total Mortgage Loan Application Amount | $225,887,000 |
| Average Mortgage Loan Application Amount | $84,856 |
| Highest Mortgage Loan Application Amount | $3,450,000 |
| Average Applicant Income | $76,557 |
| Highest Applicant Income | $1,293,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Bank Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Charleston, WV | 391 | $ 55,387,000 | $ 141,654 | $ 115,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 239 | $ 23,467,000 | $ 98,188 | $ 83,020 |
| Wheeling, WV-OH | 212 | $ 12,612,000 | $ 59,490 | $ 64,745 |
| Huntington-Ashland, WV-KY-OH | 180 | $ 18,065,000 | $ 100,361 | $ 92,794 |
| Morgantown, WV | 158 | $ 20,375,000 | $ 128,955 | $ 94,000 |
| Pittsburgh, PA | 74 | $ 4,400,000 | $ 59,459 | $ 52,000 |
| Weirton-Steubenville, WV-OH | 59 | $ 3,774,000 | $ 63,966 | $ 66,101 |
| Akron, OH | 27 | $ 261,000 | $ 9,666 | $ 45,000 |
| Cleveland-Elyria-Mentor, OH | 26 | $ 355,000 | $ 13,653 | $ 53,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 25 | $ 3,654,000 | $ 146,160 | $ 107,240 |
| Canton-Massillon, OH | 23 | $ 311,000 | $ 13,521 | $ 48,000 |
| York-Hanover, PA | 21 | $ 124,000 | $ 5,904 | $ 63,000 |
| Hagerstown-Martinsburg, MD-WV | 16 | $ 1,577,000 | $ 98,562 | $ 76,000 |
| Johnstown, PA | 16 | $ 166,000 | $ 10,375 | $ 38,000 |
| Columbus, OH | 14 | $ 328,000 | $ 23,428 | $ 47,000 |
| Erie, PA | 12 | $ 129,000 | $ 10,750 | $ 37,000 |
| Youngstown-Warren-Boardman, OH-PA | 8 | $ 82,000 | $ 10,250 | $ 48,375 |
| Cincinnati-Middletown, OH-KY-IN | 6 | $ 37,000 | $ 6,166 | $ 26,000 |
| Altoona, PA | 4 | $ 32,000 | $ 8,000 | $ 22,000 |
| Cumberland, MD-WV | 4 | $ 188,000 | $ 47,000 | $ 50,000 |
| Wilmington, NC | 4 | $ 212,000 | $ 53,000 | $ 59,000 |
| Winchester, VA-WV | 4 | $ 135,000 | $ 33,750 | $ 71,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 388,000 | $ 129,333 | $ 9,000 |
| Greensboro-High Point, NC | 3 | $ 10,000 | $ 3,333 | $ 39,000 |
| Lancaster, PA | 3 | $ 17,000 | $ 5,666 | $ 43,000 |
| Winston-Salem, NC | 3 | $ 17,000 | $ 5,666 | $ 16,000 |
| Asheville, NC | 2 | $ 11,000 | $ 5,500 | $ 36,000 |
| Jacksonville, FL | 2 | $ 783,000 | $ 391,500 | $ 206,000 |
| Lynchburg, VA | 2 | $ 361,000 | $ 180,500 | $ 0 |
| Mansfield, OH | 2 | $ 120,000 | $ 60,000 | $ 71,000 |
| Scranton--Wilkes-Barre, PA | 2 | $ 13,000 | $ 6,500 | $ 20,000 |
| State College, PA | 2 | $ 10,000 | $ 5,000 | $ 45,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 827,000 | $ 413,500 | $ 163,500 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 153,000 | $ 76,500 | $ 100,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 14,000 | $ 14,000 | $ 47,000 |
| Baltimore-Towson, MD | 1 | $ 15,000 | $ 15,000 | $ 29,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 800,000 | $ 800,000 | $ 400,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 13,000 | $ 13,000 | $ 59,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 739,000 | $ 739,000 | $ 302,000 |
| Columbia, SC | 1 | $ 196,000 | $ 196,000 | $ 95,000 |
| Columbus, IN | 1 | $ 3,000 | $ 3,000 | $ 11,000 |
| Durham, NC | 1 | $ 3,000 | $ 3,000 | $ 32,000 |
| Goldsboro, NC | 1 | $ 6,000 | $ 6,000 | $ 65,000 |
| Harrisburg-Carlisle, PA | 1 | $ 3,000 | $ 3,000 | $ 74,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 3,000 | $ 3,000 | $ 59,000 |
| Idaho Falls, ID | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Lebanon, PA | 1 | $ 355,000 | $ 355,000 | $ 120,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 30,000 | $ 30,000 | $ 53,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Newark-Union, NJ-PA | 1 | $ 20,000 | $ 20,000 | $ 93,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 1,200,000 | $ 1,200,000 | $ 214,000 |
| Port St. Lucie, FL | 1 | $ 250,000 | $ 250,000 | $ 217,000 |
| Sandusky, OH | 1 | $ 6,000 | $ 6,000 | $ 17,000 |
| Springfield, OH | 1 | $ 4,000 | $ 4,000 | $ 11,000 |
| Toledo, OH | 1 | $ 6,000 | $ 6,000 | $ 24,000 |
| Williamsport, PA | 1 | $ 5,000 | $ 5,000 | $ 26,000 |
Mortgage Loan Application Detail Totals for United Bank Inc 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 1,104 | $17,944,000 | $16,000 | $775,000 | $53,000 | $1,293,000 |
| Home Purchase | 844 | $129,539,000 | $153,000 | $3,450,000 | $96,000 | $1,070,000 |
| Refinancing | 714 | $78,404,000 | $109,000 | $1,915,000 | $90,000 | $1,011,000 |
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 | 2,458 | $197,477,000 | $80,000 | $2,000,000 | $78,000 | $1,293,000 |
| Black or African American | 79 | $2,105,000 | $26,000 | $186,000 | $48,000 | $239,000 |
| Not applicable | 73 | $19,173,000 | $262,000 | $3,450,000 | $4,000 | $225,000 |
| Not Provided | 23 | $882,000 | $38,000 | $300,000 | $38,000 | $90,000 |
| Asian | 18 | $4,856,000 | $269,000 | $899,000 | $188,000 | $484,000 |
| Hispanic | 8 | $978,000 | $122,000 | $310,000 | $110,000 | $350,000 |
| American Indian or Alaskan Native | 2 | $116,000 | $58,000 | $111,000 | $194,000 | $365,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $300,000 | $300,000 | $300,000 | $960,000 | $960,000 |
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) | 2,105 | $220,578,000 | $104,000 | $3,450,000 | $85,000 | $1,293,000 |
| FHA-insured (Federal Housing Administration) | 557 | $5,309,000 | $9,000 | $30,000 | $42,000 | $200,000 |
| 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 | 2,020 | $207,316,000 | $102,000 | $3,450,000 | $87,000 | $1,293,000 |
| Application Denied By Financial Institution | 461 | $9,220,000 | $20,000 | $472,000 | $40,000 | $340,000 |
| Application Withdrawn By Applicant | 122 | $8,690,000 | $71,000 | $700,000 | $63,000 | $325,000 |
| Application Approved But Not Accepted | 58 | $606,000 | $10,000 | $50,000 | $42,000 | $114,000 |
| Preapproval Denied by Financial Institution | 1 | $55,000 | $55,000 | $55,000 | $22,000 | $22,000 |
| 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 |
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 | 350 | $5,665,000 | $16,000 | $300,000 | $38,000 | $200,000 |
| Debt-To-Income Ratio | 68 | $1,373,000 | $20,000 | $135,000 | $35,000 | $129,000 |
| Collateral | 19 | $1,535,000 | $80,000 | $472,000 | $74,000 | $340,000 |
| Other | 16 | $463,000 | $28,000 | $153,000 | $59,000 | $118,000 |
| Employment History | 8 | $232,000 | $29,000 | $148,000 | $37,000 | $84,000 |
| Unverifiable Information | 1 | $7,000 | $7,000 | $7,000 | $0 | $0 |
| Credit Application Incomplete | 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 United Bank Inc'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 United Bank Inc'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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