United Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, United Bank & Trust of Versailles, KY reported 257 mortgage applications totaling $44.1 million, down 42% from 2013. The average application was for $171,595, and applicants reported an average income of $64,525. 77% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Lexington-Fayette, KY (186), Louisville/Jefferson County, KY-IN (35) and Elizabethtown-Fort Knox, KY (8) (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 | 257 |
| Total Mortgage Loan Application Amount | $44,100,000 |
| Average Mortgage Loan Application Amount | $171,595 |
| Highest Mortgage Loan Application Amount | $3,700,000 |
| Average Applicant Income | $64,525 |
| Highest Applicant Income | $323,000 |
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Act (HMDA) records United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lexington-Fayette, KY | 186 | $ 33,960,000 | $ 182,580 | $ 62,000 |
| Louisville/Jefferson County, KY-IN | 35 | $ 6,953,000 | $ 198,657 | $ 85,000 |
| Elizabethtown-Fort Knox, KY | 8 | $ 1,310,000 | $ 163,750 | $ 76,000 |
Mortgage Loan Application Detail Totals for United Bank & Trust in 2014
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 | 108 | $17,402,000 | $161,000 | $1,800,000 | $68,000 | $267,000 |
| Refinancing | 102 | $23,869,000 | $234,000 | $3,700,000 | $68,000 | $323,000 |
| Home Improvement | 47 | $2,829,000 | $60,000 | $800,000 | $49,000 | $269,000 |
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 | 220 | $28,229,000 | $128,000 | $585,000 | $72,000 | $323,000 |
| Not applicable | 30 | $14,085,000 | $469,000 | $3,700,000 | $0 | $0 |
| Asian | 3 | $1,244,000 | $414,000 | $1,095,000 | $92,000 | $213,000 |
| Black or African American | 2 | $302,000 | $151,000 | $172,000 | $109,000 | $124,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $235,000 | $235,000 | $235,000 | $130,000 | $130,000 |
| Not Provided | 1 | $5,000 | $5,000 | $5,000 | $63,000 | $63,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 257 | $44,100,000 | $171,000 | $3,700,000 | $65,000 | $323,000 |
| 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 | 199 | $37,169,000 | $186,000 | $3,700,000 | $68,000 | $323,000 |
| Application Denied By Financial Institution | 27 | $2,020,000 | $74,000 | $490,000 | $46,000 | $126,000 |
| Application Withdrawn By Applicant | 18 | $3,243,000 | $180,000 | $1,100,000 | $57,000 | $161,000 |
| Application Approved But Not Accepted | 13 | $1,668,000 | $128,000 | $320,000 | $59,000 | $111,000 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United Bank & Trust's 2014 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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