Univest National Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Univest National Bank & Trust of Souderton,, PA reported 672 mortgage applications totaling $66.9 million, up 7% from 2007. The average application was for $99,494, and applicants reported an average income of $100,742. 74% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Philadelphia, PA (634), Reading, PA (10) and Allentown-Bethlehem-Easton, PA-NJ (9) (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 | 672 |
| Total Mortgage Loan Application Amount | $66,860,000 |
| Average Mortgage Loan Application Amount | $99,494 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $100,742 |
| Highest Applicant Income | $1,960,000 |
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records Univest National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 363 | $ 32,112,000 | $ 88,462 | $ 95,000 |
| Bucks, Pennsylvania | 258 | $ 25,796,000 | $ 99,984 | $ 91,000 |
| Berks, Pennsylvania | 10 | $ 744,000 | $ 74,400 | $ 79,000 |
| Philadelphia, Pennsylvania | 8 | $ 1,513,000 | $ 189,125 | $ 204,000 |
| Cape May, New Jersey | 6 | $ 1,465,000 | $ 244,166 | $ 218,000 |
| Lehigh, Pennsylvania | 6 | $ 758,000 | $ 126,333 | $ 124,000 |
| Hunterdon, New Jersey | 4 | $ 892,000 | $ 223,000 | $ 306,000 |
| Carbon, Pennsylvania | 3 | $ 446,000 | $ 148,666 | $ 91,000 |
| Chester, Pennsylvania | 3 | $ 663,000 | $ 221,000 | $ 93,000 |
| Delaware, Pennsylvania | 2 | $ 130,000 | $ 65,000 | $ 108,000 |
| Sussex, Delaware | 1 | $ 556,000 | $ 556,000 | $ 630,000 |
| Collier, Florida | 1 | $ 500,000 | $ 500,000 | $ 192,000 |
| Madison, Mississippi | 1 | $ 1,000 | $ 1,000 | $ 300,000 |
| Atlantic, New Jersey | 1 | $ 200,000 | $ 200,000 | $ 44,000 |
| Gloucester, New Jersey | 1 | $ 146,000 | $ 146,000 | $ 134,000 |
| Ocean, New Jersey | 1 | $ 600,000 | $ 600,000 | $ 1,960,000 |
| Forsyth, North Carolina | 1 | $ 2,000 | $ 2,000 | $ 20,000 |
| Clackamas, Oregon | 1 | $ 334,000 | $ 334,000 | $ 222,000 |
| Potter, Pennsylvania | 1 | $ 2,000 | $ 2,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Univest National Bank & Trust in 2008
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 | 403 | $17,515,000 | $43,000 | $562,000 | $83,000 | $719,000 |
| Refinancing | 206 | $35,031,000 | $170,000 | $800,000 | $121,000 | $669,000 |
| Home Purchase | 63 | $14,314,000 | $227,000 | $600,000 | $148,000 | $1,960,000 |
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 | 643 | $64,038,000 | $99,000 | $800,000 | $102,000 | $1,960,000 |
| Asian | 13 | $1,498,000 | $115,000 | $350,000 | $72,000 | $194,000 |
| Black or African American | 9 | $270,000 | $30,000 | $135,000 | $69,000 | $300,000 |
| Hispanic | 4 | $275,000 | $68,000 | $154,000 | $61,000 | $101,000 |
| Not applicable | 3 | $779,000 | $259,000 | $525,000 | $213,000 | $572,000 |
| Not Provided | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 672 | $66,860,000 | $99,000 | $800,000 | $101,000 | $1,960,000 |
| 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 | 494 | $48,635,000 | $98,000 | $800,000 | $106,000 | $1,960,000 |
| Application Denied By Financial Institution | 101 | $7,946,000 | $78,000 | $417,000 | $73,000 | $300,000 |
| Application Withdrawn By Applicant | 48 | $6,854,000 | $142,000 | $500,000 | $109,000 | $500,000 |
| Application Approved But Not Accepted | 16 | $1,418,000 | $88,000 | $350,000 | $130,000 | $455,000 |
| File Closed For Incompleteness | 13 | $2,007,000 | $154,000 | $417,000 | $67,000 | $202,000 |
| 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 | 44 | $1,879,000 | $42,000 | $399,000 | $66,000 | $300,000 |
| Debt-To-Income Ratio | 44 | $4,475,000 | $101,000 | $417,000 | $68,000 | $194,000 |
| Collateral | 8 | $1,083,000 | $135,000 | $224,000 | $123,000 | $284,000 |
| Other | 3 | $342,000 | $114,000 | $192,000 | $138,000 | $231,000 |
| Unverifiable Information | 2 | $167,000 | $83,000 | $150,000 | $38,000 | $41,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Univest National Bank & Trust's 2008 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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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