United Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, United Bank & Trust of Rockmart, GA reported 114 mortgage applications totaling $9.0 million, up 7% from 2005. The average application was for $78,850, and applicants reported an average income of $66,982. 86% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (21) and Rome, GA (3).
| Mortgage Company & Address | United Bank & Trust P.O. Box 485 Rockmart, GA 30153 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 114 |
| Total Mortgage Loan Application Amount | $8,989,000 |
| Average Mortgage Loan Application Amount | $78,850 |
| Highest Mortgage Loan Application Amount | $536,000 |
| Average Applicant Income | $66,982 |
| Highest Applicant Income | $779,000 |
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Act (HMDA) records United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Polk, Georgia | 90 | $ 6,364,000 | $ 70,711 | $ 52,000 |
| Bartow, Georgia | 19 | $ 2,331,000 | $ 122,684 | $ 146,000 |
| Floyd, Georgia | 3 | $ 198,000 | $ 66,000 | $ 9,000 |
| Haralson, Georgia | 1 | $ 72,000 | $ 72,000 | $ 60,000 |
| Paulding, Georgia | 1 | $ 24,000 | $ 24,000 | $ 86,000 |
Mortgage Loan Application Detail Totals for United Bank & Trust in 2006
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 | 65 | $6,564,000 | $100,000 | $536,000 | $73,000 | $779,000 |
| Home Purchase | 27 | $1,954,000 | $72,000 | $250,000 | $59,000 | $402,000 |
| Home Improvement | 22 | $471,000 | $21,000 | $100,000 | $59,000 | $302,000 |
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 | 92 | $6,835,000 | $74,000 | $536,000 | $82,000 | $779,000 |
| Not applicable | 19 | $2,022,000 | $106,000 | $182,000 | $0 | $0 |
| Black or African American | 2 | $59,000 | $29,000 | $31,000 | $36,000 | $37,000 |
| Hispanic | 1 | $73,000 | $73,000 | $73,000 | $30,000 | $30,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 114 | $8,989,000 | $78,000 | $536,000 | $67,000 | $779,000 |
| 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 | 98 | $7,891,000 | $80,000 | $536,000 | $72,000 | $779,000 |
| Application Denied By Financial Institution | 11 | $467,000 | $42,000 | $112,000 | $30,000 | $60,000 |
| Application Withdrawn By Applicant | 4 | $381,000 | $95,000 | $260,000 | $46,000 | $63,000 |
| Application Approved But Not Accepted | 1 | $250,000 | $250,000 | $250,000 | $101,000 | $101,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 9 | $350,000 | $38,000 | $72,000 | $30,000 | $60,000 |
| Debt-To-Income Ratio | 2 | $117,000 | $58,000 | $112,000 | $30,000 | $60,000 |
| 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 United Bank & Trust's 2006 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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About