Univest National Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Univest National Bank & Trust of Souderton,, PA reported 647 mortgage applications totaling $47.4 million, down 6% from 2005. The average application was for $73,258, and applicants reported an average income of $89,122. 80% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Philadelphia, PA (613), Allentown-Bethlehem-Easton, PA-NJ (17) and Reading, PA (5) (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 | 647 |
| Total Mortgage Loan Application Amount | $47,398,000 |
| Average Mortgage Loan Application Amount | $73,258 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $89,122 |
| Highest Applicant Income | $924,000 |
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records Univest National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 613 | $ 42,651,000 | $ 69,577 | $ 87,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 17 | $ 1,608,000 | $ 94,588 | $ 90,000 |
| Reading, PA | 5 | $ 311,000 | $ 62,200 | $ 38,000 |
| Ocean City, NJ | 2 | $ 804,000 | $ 402,000 | $ 351,000 |
| Atlantic City, NJ | 1 | $ 417,000 | $ 417,000 | $ 98,000 |
| Edison, NJ | 1 | $ 182,000 | $ 182,000 | $ 879,000 |
| Fayetteville, NC | 1 | $ 17,000 | $ 17,000 | $ 73,000 |
| Newark-Union, NJ-PA | 1 | $ 80,000 | $ 80,000 | $ 107,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 750,000 | $ 750,000 | $ 138,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 205,000 | $ 205,000 | $ 111,000 |
Mortgage Loan Application Detail Totals for Univest National Bank & Trust in 2006
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 | 502 | $22,304,000 | $44,000 | $650,000 | $82,000 | $924,000 |
| Refinancing | 93 | $12,679,000 | $136,000 | $850,000 | $98,000 | $739,000 |
| Home Purchase | 52 | $12,415,000 | $238,000 | $750,000 | $142,000 | $879,000 |
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 | 627 | $46,582,000 | $74,000 | $850,000 | $89,000 | $924,000 |
| Asian | 10 | $430,000 | $43,000 | $150,000 | $75,000 | $180,000 |
| Black or African American | 6 | $328,000 | $54,000 | $204,000 | $105,000 | $209,000 |
| Hispanic | 2 | $44,000 | $22,000 | $32,000 | $69,000 | $95,000 |
| American Indian or Alaskan Native | 1 | $10,000 | $10,000 | $10,000 | $30,000 | $30,000 |
| Not Provided | 1 | $4,000 | $4,000 | $4,000 | $11,000 | $11,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 647 | $47,398,000 | $73,000 | $850,000 | $89,000 | $924,000 |
| 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 | 515 | $38,483,000 | $74,000 | $850,000 | $92,000 | $924,000 |
| Application Denied By Financial Institution | 80 | $3,992,000 | $49,000 | $431,000 | $73,000 | $454,000 |
| Application Withdrawn By Applicant | 36 | $3,500,000 | $97,000 | $360,000 | $78,000 | $222,000 |
| Application Approved But Not Accepted | 11 | $951,000 | $86,000 | $200,000 | $92,000 | $200,000 |
| File Closed For Incompleteness | 5 | $472,000 | $94,000 | $214,000 | $60,000 | $70,000 |
| 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 | 47 | $1,150,000 | $24,000 | $215,000 | $60,000 | $454,000 |
| Debt-To-Income Ratio | 20 | $1,441,000 | $72,000 | $240,000 | $72,000 | $158,000 |
| Collateral | 9 | $963,000 | $107,000 | $431,000 | $109,000 | $270,000 |
| Other | 3 | $138,000 | $46,000 | $120,000 | $114,000 | $148,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 |
| 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 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Univest National Bank & Trust's 2006 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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