Univest National Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Univest National Bank & Trust of Souderton,, PA reported 688 mortgage applications totaling $53.8 million, down 14% from 2004. The average application was for $78,229, and applicants reported an average income of $77,437. 83% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Philadelphia, PA (650), Allentown-Bethlehem-Easton, PA-NJ (20) and Reading, PA (8) (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 | 688 |
| Total Mortgage Loan Application Amount | $53,822,000 |
| Average Mortgage Loan Application Amount | $78,229 |
| Highest Mortgage Loan Application Amount | $1,100,000 |
| Average Applicant Income | $77,437 |
| Highest Applicant Income | $1,105,000 |
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records Univest National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Philadelphia, PA | 650 | $ 48,871,000 | $ 75,186 | $ 82,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 20 | $ 1,841,000 | $ 92,050 | $ 81,000 |
| Reading, PA | 8 | $ 599,000 | $ 74,875 | $ 45,000 |
| Newark-Union, NJ-PA | 2 | $ 85,000 | $ 42,500 | $ 174,000 |
| Atlantic City, NJ | 1 | $ 97,000 | $ 97,000 | $ 1,000,000 |
| Burlington-South Burlington, VT | 1 | $ 2,000 | $ 2,000 | $ 50,000 |
| Pittsburgh, PA | 1 | $ 170,000 | $ 170,000 | $ 90,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 250,000 | $ 250,000 | $ 104,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 1,100,000 | $ 1,100,000 | $ 371,000 |
Mortgage Loan Application Detail Totals for Univest National Bank & Trust in 2005
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 | 503 | $20,699,000 | $58,750 | $565,000 | $73,500 | $467,000 |
| Refinancing | 117 | $19,202,000 | $628,000 | $1,100,000 | $228,000 | $433,000 |
| Home Purchase | 68 | $13,921,000 | $239,000 | $696,000 | $345,500 | $1,105,000 |
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 | 665 | $52,632,000 | $236,666 | $1,100,000 | $175,000 | $1,105,000 |
| Asian | 11 | $619,000 | $56,000 | $150,000 | $61,000 | $190,000 |
| Black or African American | 5 | $377,000 | $75,000 | $221,000 | $64,000 | $134,000 |
| Hispanic | 5 | $46,000 | $9,000 | $10,000 | $60,000 | $92,000 |
| American Indian or Alaskan Native | 2 | $148,000 | $74,000 | $136,000 | $193,000 | $333,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 688 | $53,822,000 | $236,666 | $1,100,000 | $174,500 | $1,105,000 |
| 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 | 571 | $46,851,000 | $300,500 | $1,100,000 | $289,000 | $1,105,000 |
| Application Denied By Financial Institution | 77 | $3,706,000 | $89,333 | $300,000 | $38,333 | $228,000 |
| Application Withdrawn By Applicant | 31 | $2,390,000 | $68,500 | $360,000 | $110,000 | $264,000 |
| Application Approved But Not Accepted | 8 | $609,000 | $76,000 | $170,000 | $76,000 | $222,000 |
| File Closed For Incompleteness | 1 | $266,000 | $266,000 | $266,000 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 49 | $1,614,000 | $124,500 | $250,000 | $26,000 | $120,000 |
| Debt-To-Income Ratio | 21 | $1,555,000 | $74,000 | $300,000 | $70,000 | $228,000 |
| Collateral | 5 | $505,000 | $101,000 | $250,000 | $96,000 | $187,000 |
| Other | 2 | $32,000 | $16,000 | $30,000 | $62,500 | $75,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2005 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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