United Community Bank - Nc Mortgage Lending & HMDA Data, 2004
In 2004, United Community Bank - Nc of Murphy, NC reported 787 mortgage applications totaling $93.1 million. The average application was for $118,252, and applicants reported an average income of $50,622. 91% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Asheville, NC (92), Atlanta-Sandy Springs-Marietta, GA (3) and Gainesville, GA (2) (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 | 787 |
| Total Mortgage Loan Application Amount | $93,065,000 |
| Average Mortgage Loan Application Amount | $118,252 |
| Highest Mortgage Loan Application Amount | $2,296,000 |
| Average Applicant Income | $50,622 |
| Highest Applicant Income | $540,000 |
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records United Community Bank - Nc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cherokee, North Carolina | 140 | $ 11,921,000 | $ 85,150 | $ 43,000 |
| Swain, North Carolina | 96 | $ 12,457,000 | $ 129,760 | $ 39,000 |
| Jackson, North Carolina | 89 | $ 18,349,000 | $ 206,168 | $ 48,000 |
| Macon, North Carolina | 79 | $ 10,805,000 | $ 136,772 | $ 50,000 |
| Graham, North Carolina | 75 | $ 4,857,000 | $ 64,760 | $ 28,000 |
| Haywood, North Carolina | 74 | $ 10,611,000 | $ 143,391 | $ 49,000 |
| Clay, North Carolina | 67 | $ 5,799,000 | $ 86,552 | $ 47,000 |
| Yancey, North Carolina | 49 | $ 3,652,000 | $ 74,530 | $ 34,000 |
| Mitchell, North Carolina | 39 | $ 3,394,000 | $ 87,025 | $ 54,000 |
| Avery, North Carolina | 18 | $ 943,000 | $ 52,388 | $ 30,000 |
| Transylvania, North Carolina | 14 | $ 3,952,000 | $ 282,285 | $ 50,000 |
| McDowell, North Carolina | 7 | $ 667,000 | $ 95,285 | $ 32,000 |
| Buncombe, North Carolina | 6 | $ 948,000 | $ 158,000 | $ 90,000 |
| Henderson, North Carolina | 6 | $ 953,000 | $ 158,833 | $ 70,000 |
| Madison, North Carolina | 6 | $ 1,006,000 | $ 167,666 | $ 30,000 |
| Union, Georgia | 5 | $ 1,063,000 | $ 212,600 | $ 102,000 |
| Towns, Georgia | 4 | $ 259,000 | $ 64,750 | $ 41,000 |
| Hall, Georgia | 2 | $ 231,000 | $ 115,500 | $ 62,000 |
| Wake, North Carolina | 2 | $ 48,000 | $ 24,000 | $ 280,000 |
| Candler, Georgia | 1 | $ 4,000 | $ 4,000 | $ 56,000 |
| Cherokee, Georgia | 1 | $ 128,000 | $ 128,000 | $ 173,000 |
| Fannin, Georgia | 1 | $ 266,000 | $ 266,000 | $ 154,000 |
| Fulton, Georgia | 1 | $ 400,000 | $ 400,000 | $ 273,000 |
| Jackson, Georgia | 1 | $ 49,000 | $ 49,000 | $ 210,000 |
| Walton, Georgia | 1 | $ 50,000 | $ 50,000 | $ 210,000 |
| Oconee, South Carolina | 1 | $ 25,000 | $ 25,000 | $ 181,000 |
| Sumter, South Carolina | 1 | $ 85,000 | $ 85,000 | $ 75,000 |
| Sevier, Tennessee | 1 | $ 143,000 | $ 143,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for United Community Bank - Nc in 2004
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 | 521 | $71,216,000 | $123,750 | $1,704,000 | $90,250 | $540,000 |
| Refinancing | 199 | $19,165,000 | $100,500 | $2,296,000 | $51,500 | $500,000 |
| Home Improvement | 67 | $2,684,000 | $85,500 | $400,000 | $77,500 | $273,000 |
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 | 680 | $75,628,000 | $105,000 | $1,704,000 | $96,333 | $540,000 |
| Not applicable | 54 | $11,007,000 | $226,000 | $2,296,000 | $0 | $22,000 |
| American Indian or Alaskan Native | 23 | $2,940,000 | $135,000 | $573,000 | $46,500 | $203,000 |
| Hispanic | 13 | $1,563,000 | $120,000 | $540,000 | $49,000 | $150,000 |
| Not Provided | 13 | $1,316,000 | $79,500 | $352,000 | $141,000 | $210,000 |
| Asian | 2 | $300,000 | $150,000 | $240,000 | $47,000 | $71,000 |
| Black or African American | 1 | $245,000 | $245,000 | $245,000 | $44,000 | $44,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $66,000 | $66,000 | $66,000 | $73,000 | $73,000 |
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) | 787 | $93,065,000 | $114,750 | $2,296,000 | $83,000 | $540,000 |
| 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 | 717 | $88,893,000 | $118,500 | $2,296,000 | $85,500 | $540,000 |
| Application Denied By Financial Institution | 62 | $3,528,000 | $29,500 | $296,000 | $24,500 | $99,000 |
| Application Withdrawn By Applicant | 6 | $471,000 | $78,000 | $238,000 | $65,000 | $156,000 |
| Application Approved But Not Accepted | 2 | $173,000 | $86,000 | $101,000 | $61,000 | $80,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 2004 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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