United Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2003
United Bank 2003 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | United Bank 95 Elm Street West Springfield, MA 01090 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 1,081 |
| Total Mortgage Loan Application Amount | $152,669,000 |
| Average Mortgage Loan Application Amount | $204,333 |
| Highest Mortgage Loan Application Amount | $1,040,000 |
| Average Applicant Income | $216,555 |
| Highest Applicant Income | $887,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2003 with United Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing United Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2003 breaks down United Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how United Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by United Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at United Bank's mortgage activity for 2003.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hampden County Massachusetts | 864 | $ 114,439,000 | $ 132,000 | $ 60,000 |
| Hampshire County Massachusetts | 155 | $ 25,599,000 | $ 165,000 | $ 92,000 |
| Hartford County Connecticut | 12 | $ 2,121,000 | $ 176,000 | $ 82,000 |
| Franklin County Massachusetts | 12 | $ 1,893,000 | $ 157,000 | $ 70,000 |
| Barnstable County Massachusetts | 9 | $ 1,839,000 | $ 204,000 | $ 221,000 |
| Tolland County Connecticut | 6 | $ 912,000 | $ 152,000 | $ 44,000 |
| Worcester County Massachusetts | 5 | $ 705,000 | $ 141,000 | $ 132,000 |
| Berkshire County Massachusetts | 4 | $ 975,000 | $ 243,000 | $ 89,000 |
| Middlesex County Massachusetts | 4 | $ 1,740,000 | $ 435,000 | $ 502,000 |
| Norfolk County Massachusetts | 2 | $ 559,000 | $ 279,000 | $ 146,000 |
| Newport County Rhode Island | 2 | $ 343,000 | $ 171,000 | $ 137,000 |
| New London County Connecticut | 1 | $ 58,000 | $ 58,000 | $ 67,000 |
| Indian River County Florida | 1 | $ 244,000 | $ 244,000 | $ 392,000 |
| Kennebec County Maine | 1 | $ 360,000 | $ 360,000 | $ 887,000 |
| York County Maine | 1 | $ 500,000 | $ 500,000 | $ 283,000 |
| Washington County Rhode Island | 1 | $ 232,000 | $ 232,000 | $ 161,000 |
| Rutland County Vermont | 1 | $ 150,000 | $ 150,000 | $ 380,000 |
Mortgage Loan Application Detail Totals for United Bank 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) | 754 | $91,115,000 | $207,500 | $600,000 | $269,833 | $887,000 |
| Home Purchase (one-to-four family) | 327 | $61,554,000 | $198,000 | $1,040,000 | $110,000 | $887,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 1,021 | $145,218,000 | $218,500 | $1,040,000 | $278,000 | $887,000 |
| Black | 22 | $2,487,000 | $202,000 | $300,000 | $69,000 | $269,000 |
| Hispanic | 22 | $2,581,000 | $117,000 | $250,000 | $53,000 | $81,000 |
| Asian or Pacific Islander | 8 | $1,323,000 | $165,000 | $508,000 | $98,000 | $200,000 |
| American Indian or Alaskan Native | 4 | $304,000 | $76,000 | $150,000 | $50,000 | $109,000 |
| Other | 4 | $756,000 | $189,000 | $576,000 | $142,000 | $224,000 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 1,058 | $150,117,000 | $219,500 | $1,040,000 | $277,666 | $887,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,579,000 | $121,000 | $167,000 | $58,000 | $81,000 |
| VA-guaranteed (Veterans Administration) | 10 | $973,000 | $97,000 | $117,000 | $51,000 | $88,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 881 | $122,701,000 | $229,666 | $1,040,000 | $227,166 | $887,000 |
| Application Approved But Not Accepted | 86 | $13,414,000 | $223,666 | $642,000 | $368,666 | $887,000 |
| Application Denied By Financial Institution | 57 | $6,894,000 | $120,000 | $375,000 | $62,000 | $278,000 |
| Application Withdrawn By Applicant | 37 | $4,461,000 | $156,000 | $300,000 | $74,500 | $187,000 |
| File Closed For Incompleteness | 20 | $5,199,000 | $259,000 | $600,000 | $84,000 | $251,000 |
| 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 | 21 | $2,185,000 | $104,000 | $191,000 | $81,000 | $155,000 |
| Debt-To-Income Ratio | 15 | $2,405,000 | $160,000 | $375,000 | $34,000 | $73,000 |
| Collateral | 5 | $694,000 | $138,000 | $300,000 | $56,000 | $156,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $193,000 | $64,000 | $103,000 | $51,000 | $70,000 |
| Other | 2 | $187,000 | $93,000 | $130,000 | $62,000 | $70,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United Bank'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'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 Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.