United Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, United Bank & Trust of Versailles, KY reported 244 mortgage applications totaling $22.2 million, down 28% from 2003. The average application was for $90,938, and applicants reported an average income of $54,512. 92% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lexington-Fayette, KY (189), Louisville, KY-IN (4) and Bowling Green, KY (2) (applications in parentheses).
| Mortgage Company & Address | United Bank & Trust 100 United Bank Drive Versailles, KY 40383 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 | 244 |
| Total Mortgage Loan Application Amount | $22,189,000 |
| Average Mortgage Loan Application Amount | $90,938 |
| Highest Mortgage Loan Application Amount | $445,000 |
| Average Applicant Income | $54,512 |
| Highest Applicant Income | $491,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Woodford, Kentucky | 138 | $ 12,486,000 | $ 90,478 | $ 49,000 |
| Fayette, Kentucky | 29 | $ 3,334,000 | $ 114,965 | $ 54,000 |
| Anderson, Kentucky | 16 | $ 1,350,000 | $ 84,375 | $ 50,000 |
| Franklin, Kentucky | 15 | $ 1,559,000 | $ 103,933 | $ 51,000 |
| Scott, Kentucky | 10 | $ 662,000 | $ 66,200 | $ 56,000 |
| Jessamine, Kentucky | 8 | $ 789,000 | $ 98,625 | $ 69,000 |
| Bourbon, Kentucky | 3 | $ 385,000 | $ 128,333 | $ 73,000 |
| Laurel, Kentucky | 3 | $ 220,000 | $ 73,333 | $ 11,000 |
| Washington, Kentucky | 3 | $ 257,000 | $ 85,666 | $ 57,000 |
| Garrard, Kentucky | 2 | $ 94,000 | $ 47,000 | $ 77,000 |
| Mercer, Kentucky | 2 | $ 107,000 | $ 53,500 | $ 61,000 |
| Shelby, Kentucky | 2 | $ 119,000 | $ 59,500 | $ 20,000 |
| Warren, Kentucky | 2 | $ 168,000 | $ 84,000 | $ 59,000 |
| Barren, Kentucky | 1 | $ 17,000 | $ 17,000 | $ 51,000 |
| Boyle, Kentucky | 1 | $ 72,000 | $ 72,000 | $ 224,000 |
| Bullitt, Kentucky | 1 | $ 98,000 | $ 98,000 | $ 224,000 |
| Clark, Kentucky | 1 | $ 82,000 | $ 82,000 | $ 41,000 |
| Jefferson, Kentucky | 1 | $ 83,000 | $ 83,000 | $ 162,000 |
| Knox, Kentucky | 1 | $ 1,000 | $ 1,000 | $ 14,000 |
| Owen, Kentucky | 1 | $ 79,000 | $ 79,000 | $ 43,000 |
| Hamilton, Ohio | 1 | $ 78,000 | $ 78,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for United 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 97 | $10,953,000 | $83,666 | $433,000 | $45,333 | $491,000 |
| Refinancing | 97 | $10,597,000 | $109,000 | $445,000 | $61,000 | $177,000 |
| Home Improvement | 50 | $639,000 | $12,000 | $114,000 | $29,000 | $200,000 |
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 | 215 | $19,752,000 | $76,333 | $445,000 | $46,000 | $491,000 |
| Not applicable | 14 | $1,503,000 | $107,000 | $167,000 | $16,000 | $165,000 |
| Black or African American | 8 | $375,000 | $46,000 | $116,000 | $40,000 | $67,000 |
| Hispanic | 6 | $521,000 | $86,000 | $229,000 | $30,000 | $54,000 |
| American Indian or Alaskan Native | 1 | $38,000 | $38,000 | $38,000 | $120,000 | $120,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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 | $22,189,000 | $76,000 | $445,000 | $43,333 | $491,000 |
| 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 | 224 | $20,983,000 | $85,500 | $445,000 | $51,500 | $491,000 |
| Application Denied By Financial Institution | 14 | $816,000 | $58,000 | $229,000 | $32,000 | $63,000 |
| Application Withdrawn By Applicant | 6 | $390,000 | $63,000 | $110,000 | $44,500 | $127,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 9 | $482,000 | $53,000 | $125,000 | $32,000 | $56,000 |
| Debt-To-Income Ratio | 4 | $321,000 | $80,000 | $229,000 | $33,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $13,000 | $13,000 | $13,000 | $23,000 | $23,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 United 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 United 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 Kentucky, download the full spreadsheet
with aggregated HMDA statistics today.
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