United Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, United Bank & Trust of Versailles, KY reported 306 mortgage applications totaling $38.1 million, up 99% from 2007. The average application was for $124,467, and applicants reported an average income of $74,692. 94% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Lexington-Fayette, KY (252) and Louisville-Jefferson County, KY-IN (1).
| 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 | 306 |
| Total Mortgage Loan Application Amount | $38,087,000 |
| Average Mortgage Loan Application Amount | $124,467 |
| Highest Mortgage Loan Application Amount | $1,100,000 |
| Average Applicant Income | $74,692 |
| Highest Applicant Income | $1,060,000 |
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Act (HMDA) records United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 75 | $ 9,942,000 | $ 132,560 | $ 70,000 |
| Scott, Kentucky | 65 | $ 4,645,000 | $ 71,461 | $ 62,000 |
| Jessamine, Kentucky | 61 | $ 8,231,000 | $ 134,934 | $ 78,000 |
| Fayette, Kentucky | 50 | $ 9,748,000 | $ 194,960 | $ 112,000 |
| Franklin, Kentucky | 11 | $ 1,095,000 | $ 99,545 | $ 109,000 |
| Anderson, Kentucky | 9 | $ 821,000 | $ 91,222 | $ 58,000 |
| Harrison, Kentucky | 8 | $ 1,111,000 | $ 138,875 | $ 60,000 |
| Garrard, Kentucky | 7 | $ 727,000 | $ 103,857 | $ 54,000 |
| Mercer, Kentucky | 5 | $ 368,000 | $ 73,600 | $ 57,000 |
| Owen, Kentucky | 3 | $ 184,000 | $ 61,333 | $ 32,000 |
| Laurel, Kentucky | 2 | $ 205,000 | $ 102,500 | $ 0 |
| Washington, Kentucky | 2 | $ 78,000 | $ 39,000 | $ 19,000 |
| Bourbon, Kentucky | 1 | $ 120,000 | $ 120,000 | $ 40,000 |
| Boyle, Kentucky | 1 | $ 177,000 | $ 177,000 | $ 92,000 |
| Estill, Kentucky | 1 | $ 50,000 | $ 50,000 | $ 24,000 |
| Lincoln, Kentucky | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Madison, Kentucky | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Menifee, Kentucky | 1 | $ 20,000 | $ 20,000 | $ 32,000 |
| Montgomery, Kentucky | 1 | $ 85,000 | $ 85,000 | $ 35,000 |
| Shelby, Kentucky | 1 | $ 310,000 | $ 310,000 | $ 0 |
Mortgage Loan Application Detail Totals for United Bank & Trust in 2008
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 | 125 | $22,208,000 | $177,000 | $1,100,000 | $75,000 | $1,060,000 |
| Home Purchase | 113 | $14,368,000 | $127,000 | $1,000,000 | $85,000 | $1,037,000 |
| Home Improvement | 68 | $1,511,000 | $22,000 | $210,000 | $57,000 | $390,000 |
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 | 249 | $28,799,000 | $115,000 | $1,100,000 | $89,000 | $1,060,000 |
| Not applicable | 41 | $8,062,000 | $196,000 | $696,000 | $0 | $0 |
| Black or African American | 10 | $789,000 | $78,000 | $245,000 | $57,000 | $147,000 |
| Hispanic | 4 | $239,000 | $59,000 | $100,000 | $33,000 | $51,000 |
| Asian | 1 | $178,000 | $178,000 | $178,000 | $69,000 | $69,000 |
| Not Provided | 1 | $20,000 | $20,000 | $20,000 | $32,000 | $32,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 306 | $38,087,000 | $124,000 | $1,100,000 | $75,000 | $1,060,000 |
| 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 | 288 | $35,883,000 | $124,000 | $1,100,000 | $77,000 | $1,060,000 |
| Application Denied By Financial Institution | 14 | $1,654,000 | $118,000 | $570,000 | $39,000 | $136,000 |
| Application Withdrawn By Applicant | 2 | $175,000 | $87,000 | $100,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $55,000 | $55,000 | $55,000 | $58,000 | $58,000 |
| Loan Purchased By The Institution | 1 | $320,000 | $320,000 | $320,000 | $197,000 | $197,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $264,000 | $66,000 | $140,000 | $43,000 | $68,000 |
| Collateral | 1 | $100,000 | $100,000 | $100,000 | $51,000 | $51,000 |
| Credit History | 1 | $139,000 | $139,000 | $139,000 | $0 | $0 |
| Credit Application Incomplete | 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 United Bank & Trust's 2008 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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