United First Mortgage Mortgage Lending & HMDA Data, 2004
In 2004, United First Mortgage of Richmond, VA reported 1,675 mortgage applications totaling $375.8 million, down 70% from 2003. The average application was for $224,363, and applicants reported an average income of $84,415. 76% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Richmond, VA (206), Boston-Quincy, MA (200) and Providence-New Bedford-Fall River, RI-MA (105) (applications in parentheses).
| Mortgage Company & Address | United First Mortgage 1503 Santa Rosa Road, Suite 109 Richmond, VA 23229 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 1,675 |
| Total Mortgage Loan Application Amount | $375,809,000 |
| Average Mortgage Loan Application Amount | $224,363 |
| Highest Mortgage Loan Application Amount | $768,000 |
| Average Applicant Income | $84,415 |
| Highest Applicant Income | $980,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records United First Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Richmond, VA | 206 | $ 33,924,000 | $ 164,679 | $ 64,000 |
| Boston-Quincy, MA | 200 | $ 55,139,000 | $ 275,695 | $ 101,000 |
| Providence-New Bedford-Fall River, RI-MA | 105 | $ 22,486,000 | $ 214,152 | $ 84,000 |
| Cambridge-Newton-Framingham, MA | 90 | $ 27,918,000 | $ 310,200 | $ 104,000 |
| Harrisonburg, VA | 50 | $ 6,385,000 | $ 127,700 | $ 40,000 |
| Bridgeport-Stamford-Norwalk, CT | 34 | $ 15,146,000 | $ 445,470 | $ 210,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 30 | $ 4,842,000 | $ 161,400 | $ 66,000 |
| Worcester, MA | 30 | $ 8,201,000 | $ 273,366 | $ 78,000 |
| Bethesda-Frederick-Gaithersburg, MD | 26 | $ 8,054,000 | $ 309,769 | $ 114,000 |
| Essex County, MA | 23 | $ 6,071,000 | $ 263,956 | $ 91,000 |
| Barnstable Town, MA | 20 | $ 5,646,000 | $ 282,300 | $ 120,000 |
| Lynchburg, VA | 17 | $ 1,927,000 | $ 113,352 | $ 57,000 |
| New York-Wayne-White Plains, NY-NJ | 14 | $ 3,503,000 | $ 250,214 | $ 76,000 |
| Baltimore-Towson, MD | 9 | $ 1,925,000 | $ 213,888 | $ 105,000 |
| Charlottesville, VA | 9 | $ 1,307,000 | $ 145,222 | $ 97,000 |
| New Haven-Milford, CT | 9 | $ 2,049,000 | $ 227,666 | $ 89,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 8 | $ 1,585,000 | $ 198,125 | $ 49,000 |
| Winston-Salem, NC | 8 | $ 852,000 | $ 106,500 | $ 44,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 1,398,000 | $ 233,000 | $ 95,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 6 | $ 1,366,000 | $ 227,666 | $ 88,000 |
| Danville, VA | 5 | $ 526,000 | $ 105,200 | $ 52,000 |
| Edison, NJ | 5 | $ 1,641,000 | $ 328,200 | $ 206,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 4 | $ 400,000 | $ 100,000 | $ 122,000 |
| Blacksburg-Christiansburg-Radford, VA | 3 | $ 407,000 | $ 135,666 | $ 91,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 478,000 | $ 159,333 | $ 108,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 688,000 | $ 229,333 | $ 75,000 |
| Portland-South Portland-Biddeford, ME | 3 | $ 702,000 | $ 234,000 | $ 152,000 |
| Winchester, VA-WV | 3 | $ 450,000 | $ 150,000 | $ 48,000 |
| Charleston-North Charleston, SC | 2 | $ 459,000 | $ 229,500 | $ 82,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 719,000 | $ 359,500 | $ 113,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 590,000 | $ 295,000 | $ 87,000 |
| Manchester-Nashua, NH | 2 | $ 510,000 | $ 255,000 | $ 71,000 |
| Orlando, FL | 2 | $ 282,000 | $ 141,000 | $ 77,000 |
| Rockingham County-Strafford County, NH | 2 | $ 485,000 | $ 242,500 | $ 86,000 |
| Springfield, MA | 2 | $ 757,000 | $ 378,500 | $ 110,000 |
| Wilmington, NC | 2 | $ 363,000 | $ 181,500 | $ 53,000 |
| Bangor, ME | 1 | $ 151,000 | $ 151,000 | $ 41,000 |
| Burlington-South Burlington, VT | 1 | $ 256,000 | $ 256,000 | $ 107,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 299,000 | $ 299,000 | $ 421,000 |
| Charleston, WV | 1 | $ 141,000 | $ 141,000 | $ 136,000 |
| Greensboro-High Point, NC | 1 | $ 44,000 | $ 44,000 | $ 125,000 |
| Kingston, NY | 1 | $ 132,000 | $ 132,000 | $ 80,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 206,000 | $ 206,000 | $ 79,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 180,000 | $ 180,000 | $ 98,000 |
| Naples-Marco Island, FL | 1 | $ 169,000 | $ 169,000 | $ 129,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 320,000 | $ 320,000 | $ 105,000 |
| Newark-Union, NJ-PA | 1 | $ 251,000 | $ 251,000 | $ 62,000 |
| Norwich-New London, CT | 1 | $ 103,000 | $ 103,000 | $ 22,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 280,000 | $ 280,000 | $ 61,000 |
| Ocean City, NJ | 1 | $ 334,000 | $ 334,000 | $ 225,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 280,000 | $ 280,000 | $ 160,000 |
| Pittsfield, MA | 1 | $ 334,000 | $ 334,000 | $ 184,000 |
| Raleigh-Cary, NC | 1 | $ 81,000 | $ 81,000 | $ 0 |
| Roanoke, VA | 1 | $ 158,000 | $ 158,000 | $ 38,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 280,000 | $ 280,000 | $ 117,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 280,000 | $ 280,000 | $ 61,000 |
| St. Louis, MO-IL | 1 | $ 180,000 | $ 180,000 | $ 55,000 |
Mortgage Loan Application Detail Totals for United First Mortgage 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 |
|---|---|---|---|---|---|---|
| Refinancing | 943 | $221,799,000 | $239,368 | $768,000 | $101,473 | $980,000 |
| Home Purchase | 732 | $154,010,000 | $218,266 | $739,000 | $96,400 | $516,000 |
| Home Improvement | 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 | 1,301 | $290,242,000 | $236,200 | $739,000 | $101,700 | $516,000 |
| Not Provided | 133 | $33,243,000 | $239,615 | $768,000 | $127,692 | $980,000 |
| Asian | 110 | $29,325,000 | $279,666 | $626,000 | $89,111 | $208,000 |
| Black or African American | 80 | $13,289,000 | $186,250 | $520,000 | $73,500 | $255,000 |
| Hispanic | 41 | $7,864,000 | $204,545 | $405,000 | $63,818 | $204,000 |
| American Indian or Alaskan Native | 5 | $871,000 | $174,000 | $224,000 | $94,000 | $163,000 |
| Not applicable | 3 | $534,000 | $178,000 | $275,000 | $171,000 | $222,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $441,000 | $220,000 | $392,000 | $150,000 | $150,000 |
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) | 1,562 | $361,245,000 | $232,904 | $768,000 | $101,285 | $980,000 |
| FHA-insured (Federal Housing Administration) | 82 | $10,000,000 | $94,666 | $523,000 | $20,666 | $98,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 16 | $1,935,000 | $120,000 | $271,000 | $39,000 | $67,000 |
| VA-guaranteed (Veterans Administration) | 15 | $2,629,000 | $175,000 | $233,000 | $50,000 | $80,000 |
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 | 1,277 | $298,474,000 | $241,095 | $768,000 | $105,190 | $980,000 |
| Application Approved But Not Accepted | 206 | $44,549,000 | $191,692 | $739,000 | $88,692 | $416,000 |
| Application Denied By Financial Institution | 93 | $17,265,000 | $182,400 | $700,000 | $78,000 | $300,000 |
| Application Withdrawn By Applicant | 79 | $11,489,000 | $151,750 | $552,000 | $53,750 | $195,000 |
| File Closed For Incompleteness | 20 | $4,032,000 | $252,250 | $400,000 | $85,000 | $256,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 33 | $5,694,000 | $181,000 | $700,000 | $78,250 | $300,000 |
| Collateral | 25 | $4,829,000 | $183,250 | $334,000 | $85,625 | $229,000 |
| Debt-To-Income Ratio | 17 | $3,549,000 | $229,428 | $432,000 | $77,428 | $178,000 |
| Other | 8 | $1,437,000 | $127,000 | $428,000 | $45,500 | $214,000 |
| Unverifiable Information | 6 | $1,359,000 | $237,000 | $389,000 | $41,500 | $67,000 |
| Employment History | 2 | $140,000 | $70,000 | $84,000 | $45,000 | $51,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $128,000 | $128,000 | $128,000 | $35,000 | $35,000 |
| Credit Application Incomplete | 1 | $129,000 | $129,000 | $129,000 | $87,000 | $87,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into United First Mortgage'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 First Mortgage'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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