United Community Bank - Nc Mortgage Lending & HMDA Data, 2007
In 2007, United Community Bank - Nc of Murphy, NC reported 586 mortgage applications totaling $74.8 million, down 13% from 2006. The average application was for $127,656, and applicants reported an average income of $67,075. 86% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Asheville, NC (91), Charlotte-Gastonia-Concord, NC-SC (2) and Greenville-Mauldin-Easley, SC (1) (applications in parentheses).
| Mortgage Company & Address | United Community Bank - Nc Po Box 800 Murphy, NC 28906 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 586 |
| Total Mortgage Loan Application Amount | $74,807,000 |
| Average Mortgage Loan Application Amount | $127,656 |
| Highest Mortgage Loan Application Amount | $1,085,000 |
| Average Applicant Income | $67,075 |
| Highest Applicant Income | $2,020,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United Community Bank - Nc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for United Community Bank - Nc in 2007
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 | 340 | $56,073,000 | $164,000 | $1,085,000 | $72,000 | $1,315,000 |
| Refinancing | 136 | $15,136,000 | $111,000 | $618,000 | $71,000 | $2,020,000 |
| Home Improvement | 110 | $3,598,000 | $32,000 | $695,000 | $47,000 | $500,000 |
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 | 483 | $54,326,000 | $112,000 | $919,000 | $71,000 | $1,315,000 |
| Not applicable | 62 | $15,254,000 | $246,000 | $1,085,000 | $1,000 | $75,000 |
| Hispanic | 19 | $2,391,000 | $125,000 | $422,000 | $54,000 | $174,000 |
| Not Provided | 14 | $2,173,000 | $155,000 | $500,000 | $224,000 | $2,020,000 |
| American Indian or Alaskan Native | 6 | $435,000 | $72,000 | $150,000 | $44,000 | $90,000 |
| Asian | 2 | $228,000 | $114,000 | $135,000 | $267,000 | $504,000 |
| Black or African American | 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) | 586 | $74,807,000 | $127,000 | $1,085,000 | $67,000 | $2,020,000 |
| 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 | 505 | $68,883,000 | $136,000 | $1,085,000 | $72,000 | $2,020,000 |
| Application Denied By Financial Institution | 67 | $4,517,000 | $67,000 | $250,000 | $35,000 | $156,000 |
| Application Withdrawn By Applicant | 14 | $1,407,000 | $100,000 | $360,000 | $44,000 | $91,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 Community Bank - Nc's 2007 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 Community Bank - Nc'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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