United Bank & Trust Mortgage Lending & HMDA Data, 2003
In 2003, United Bank & Trust of Rockmart, GA reported 130 mortgage applications totaling $9.6 million. The average application was for $74,146, and applicants reported an average income of $102,561. 82% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Atlanta, GA (42), Mobile, AL (3) and Fort Walton Beach, FL (1) (applications in parentheses).
| 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 | 130 |
| Total Mortgage Loan Application Amount | $9,639,000 |
| Average Mortgage Loan Application Amount | $74,146 |
| Highest Mortgage Loan Application Amount | $462,000 |
| Average Applicant Income | $102,561 |
| Highest Applicant Income | $791,000 |
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Act (HMDA) records United Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta, GA | 42 | $ 3,600,000 | $ 85,714 | $ 182,000 |
| Mobile, AL | 3 | $ 748,000 | $ 249,333 | $ 791,000 |
| Fort Walton Beach, FL | 1 | $ 35,000 | $ 35,000 | $ 49,000 |
| Panama City, FL | 1 | $ 237,000 | $ 237,000 | $ 121,000 |
Mortgage Loan Application Detail Totals for United Bank & Trust in 2003
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 (home purchase or home improvement, one-to-four family) | 55 | $4,840,000 | $61,500 | $462,000 | $75,500 | $708,000 |
| Home Purchase (one-to-four family) | 47 | $4,457,000 | $188,666 | $310,000 | $338,000 | $791,000 |
| Home Improvement (one-to-four family) | 28 | $342,000 | $12,000 | $50,000 | $32,000 | $161,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 102 | $6,918,000 | $101,000 | $462,000 | $77,000 | $580,000 |
| Not applicable | 19 | $2,573,000 | $181,500 | $300,000 | $511,500 | $791,000 |
| Black | 6 | $96,000 | $16,000 | $25,000 | $23,000 | $52,000 |
| Hispanic | 3 | $52,000 | $17,000 | $45,000 | $37,000 | $53,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 130 | $9,639,000 | $151,000 | $462,000 | $318,333 | $791,000 |
| 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 | 106 | $8,690,000 | $153,333 | $462,000 | $333,000 | $791,000 |
| Application Denied By Financial Institution | 22 | $722,000 | $32,000 | $148,000 | $30,000 | $53,000 |
| File Closed For Incompleteness | 2 | $227,000 | $113,000 | $167,000 | $45,000 | $57,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 14 | $476,000 | $34,000 | $82,000 | $30,000 | $53,000 |
| Debt-To-Income Ratio | 6 | $203,000 | $33,000 | $148,000 | $32,000 | $40,000 |
| Collateral | 1 | $5,000 | $5,000 | $5,000 | $29,000 | $29,000 |
| 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 2003 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.
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