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records United Community Bank - Nc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Macon, North Carolina | 128 | $ 17,225,000 | $ 134,570 | $ 56,000 |
| Cherokee, North Carolina | 80 | $ 7,815,000 | $ 97,687 | $ 83,000 |
| Haywood, North Carolina | 75 | $ 10,416,000 | $ 138,880 | $ 71,000 |
| Graham, North Carolina | 49 | $ 3,437,000 | $ 70,142 | $ 53,000 |
| Jackson, North Carolina | 45 | $ 8,019,000 | $ 178,200 | $ 60,000 |
| Swain, North Carolina | 43 | $ 3,835,000 | $ 89,186 | $ 63,000 |
| Yancey, North Carolina | 32 | $ 4,158,000 | $ 129,937 | $ 64,000 |
| Clay, North Carolina | 26 | $ 3,244,000 | $ 124,769 | $ 52,000 |
| Transylvania, North Carolina | 21 | $ 5,848,000 | $ 278,476 | $ 40,000 |
| Avery, North Carolina | 18 | $ 1,481,000 | $ 82,277 | $ 42,000 |
| Mitchell, North Carolina | 18 | $ 1,200,000 | $ 66,666 | $ 47,000 |
| Henderson, North Carolina | 11 | $ 1,431,000 | $ 130,090 | $ 44,000 |
| Towns, Georgia | 8 | $ 987,000 | $ 123,375 | $ 82,000 |
| Watauga, North Carolina | 8 | $ 1,727,000 | $ 215,875 | $ 51,000 |
| Rabun, Georgia | 4 | $ 808,000 | $ 202,000 | $ 94,000 |
| Buncombe, North Carolina | 4 | $ 841,000 | $ 210,250 | $ 370,000 |
| McDowell, North Carolina | 2 | $ 137,000 | $ 68,500 | $ 90,000 |
| Mecklenburg, North Carolina | 2 | $ 545,000 | $ 272,500 | $ 149,000 |
| Rutherford, North Carolina | 2 | $ 319,000 | $ 159,500 | $ 21,000 |
| Lake, Florida | 1 | $ 4,000 | $ 4,000 | $ 24,000 |
| Union, Georgia | 1 | $ 32,000 | $ 32,000 | $ 39,000 |
| Burke, North Carolina | 1 | $ 49,000 | $ 49,000 | $ 0 |
| Madison, North Carolina | 1 | $ 175,000 | $ 175,000 | $ 44,000 |
| Greenville, South Carolina | 1 | $ 500,000 | $ 500,000 | $ 2,020,000 |
| Greenwood, South Carolina | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Newberry, South Carolina | 1 | $ 37,000 | $ 37,000 | $ 108,000 |
| Oconee, South Carolina | 1 | $ 105,000 | $ 105,000 | $ 50,000 |
| Carter, Tennessee | 1 | $ 187,000 | $ 187,000 | $ 97,000 |
| Knox, Tennessee | 1 | $ 145,000 | $ 145,000 | $ 34,000 |
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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