Univest National Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Univest National Bank & Trust of Souderton,, PA reported 797 mortgage applications totaling $64.3 million, down 44% from 2003. The average application was for $80,734, and applicants reported an average income of $62,560. 83% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Philadelphia, PA (769), Reading, PA (9) and Allentown-Bethlehem-Easton, PA-NJ (7) (applications in parentheses).
| Mortgage Company & Address | Univest National Bank & Trust 10 W. Broad St, Po Box 64197 Souderton,, PA 18964 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 797 |
| Total Mortgage Loan Application Amount | $64,345,000 |
| Average Mortgage Loan Application Amount | $80,734 |
| Highest Mortgage Loan Application Amount | $1,440,000 |
| Average Applicant Income | $62,560 |
| Highest Applicant Income | $840,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Univest National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Montgomery, Pennsylvania | 430 | $ 31,062,000 | $ 72,237 | $ 60,000 |
| Bucks, Pennsylvania | 323 | $ 29,154,000 | $ 90,260 | $ 81,000 |
| Philadelphia, Pennsylvania | 12 | $ 650,000 | $ 54,166 | $ 34,000 |
| Berks, Pennsylvania | 9 | $ 451,000 | $ 50,111 | $ 37,000 |
| Lehigh, Pennsylvania | 5 | $ 536,000 | $ 107,200 | $ 74,000 |
| Cape May, New Jersey | 3 | $ 500,000 | $ 166,666 | $ 101,000 |
| Chester, Pennsylvania | 3 | $ 563,000 | $ 187,666 | $ 69,000 |
| Atlantic, New Jersey | 2 | $ 216,000 | $ 108,000 | $ 197,000 |
| Lee, Florida | 1 | $ 30,000 | $ 30,000 | $ 60,000 |
| Burlington, New Jersey | 1 | $ 13,000 | $ 13,000 | $ 35,000 |
| Camden, New Jersey | 1 | $ 184,000 | $ 184,000 | $ 315,000 |
| Hunterdon, New Jersey | 1 | $ 50,000 | $ 50,000 | $ 113,000 |
| Salem, New Jersey | 1 | $ 75,000 | $ 75,000 | $ 90,000 |
| Somerset, New Jersey | 1 | $ 660,000 | $ 660,000 | $ 220,000 |
| Carbon, Pennsylvania | 1 | $ 50,000 | $ 50,000 | $ 82,000 |
| Delaware, Pennsylvania | 1 | $ 70,000 | $ 70,000 | $ 54,000 |
| Northampton, Pennsylvania | 1 | $ 61,000 | $ 61,000 | $ 88,000 |
| Tioga, Pennsylvania | 1 | $ 20,000 | $ 20,000 | $ 32,000 |
Mortgage Loan Application Detail Totals for Univest National Bank & Trust 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 Improvement | 523 | $23,291,000 | $35,000 | $300,000 | $63,000 | $840,000 |
| Refinancing | 187 | $26,811,000 | $217,500 | $1,440,000 | $158,000 | $436,000 |
| Home Purchase | 87 | $14,243,000 | $168,000 | $660,000 | $112,000 | $732,000 |
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 | 762 | $62,062,000 | $93,000 | $1,440,000 | $91,000 | $840,000 |
| Asian | 13 | $779,000 | $59,000 | $160,000 | $58,000 | $415,000 |
| Hispanic | 10 | $637,000 | $63,000 | $200,000 | $64,000 | $248,000 |
| Not Provided | 6 | $278,000 | $46,000 | $75,000 | $51,000 | $95,000 |
| Black or African American | 3 | $572,000 | $190,000 | $460,000 | $106,000 | $224,000 |
| American Indian or Alaskan Native | 2 | $15,000 | $7,000 | $10,000 | $32,000 | $39,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $2,000 | $2,000 | $2,000 | $38,000 | $38,000 |
| 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) | 797 | $64,345,000 | $92,666 | $1,440,000 | $90,333 | $840,000 |
| 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 | 658 | $55,313,000 | $79,666 | $1,440,000 | $94,000 | $749,000 |
| Application Denied By Financial Institution | 89 | $3,988,000 | $44,000 | $448,000 | $53,000 | $840,000 |
| Application Withdrawn By Applicant | 29 | $3,776,000 | $228,000 | $660,000 | $112,000 | $220,000 |
| Application Approved But Not Accepted | 15 | $843,000 | $56,000 | $160,000 | $43,000 | $99,000 |
| File Closed For Incompleteness | 6 | $425,000 | $70,000 | $200,000 | $47,000 | $283,000 |
| 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 | 45 | $1,300,000 | $28,000 | $200,000 | $58,000 | $840,000 |
| Debt-To-Income Ratio | 31 | $1,592,000 | $51,000 | $250,000 | $46,000 | $113,000 |
| Collateral | 11 | $1,013,000 | $92,000 | $448,000 | $74,000 | $140,000 |
| Other | 1 | $20,000 | $20,000 | $20,000 | $32,000 | $32,000 |
| Employment History | 1 | $63,000 | $63,000 | $63,000 | $30,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Univest National Bank & Trust'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 Univest National Bank & Trust'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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with aggregated HMDA statistics today.
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