Uwharrie Bank Mortgage Lending & HMDA Data, 2022
In 2022, Uwharrie Bank of Albemarle, NC reported 1,091 mortgage applications totaling $259.2 million, down 32% from 2021. The average application was for $237,603, and applicants reported an average income of $129,476. 81% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Charlotte-Concord-Gastonia, NC-SC (564), Winston-Salem, NC (20) and Myrtle Beach-Conway-North Myrtle Beach, SC-NC (16) (applications in parentheses).
| Mortgage Company & Address | Uwharrie Bank P.O. Box 338 Albemarle, NC 28002 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 |
| Total Number of Mortgage Applications | 1,091 |
| Total Mortgage Loan Application Amount | $259,225,000 |
| Average Mortgage Loan Application Amount | $237,603 |
| Highest Mortgage Loan Application Amount | $4,105,000 |
| Average Applicant Income | $129,476 |
| Highest Applicant Income | $1,492,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Uwharrie Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC | 564 | $ 149,800,000 | $ 265,602 | $ 142,070 |
| Outside any metro area | 409 | $ 69,535,000 | $ 170,012 | $ 102,105 |
| Winston-Salem, NC | 20 | $ 5,170,000 | $ 258,500 | $ 139,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 16 | $ 4,850,000 | $ 303,125 | $ 223,250 |
| Hickory-Lenoir-Morganton, NC | 11 | $ 4,735,000 | $ 430,454 | $ 156,000 |
| Raleigh, NC | 9 | $ 3,705,000 | $ 411,666 | $ 142,000 |
| Greensboro-High Point, NC | 7 | $ 1,395,000 | $ 199,285 | $ 71,000 |
| Charleston-North Charleston, SC | 6 | $ 2,450,000 | $ 408,333 | $ 184,000 |
| Columbia, SC | 6 | $ 2,160,000 | $ 360,000 | $ 108,000 |
| Asheville, NC | 4 | $ 840,000 | $ 210,000 | $ 60,000 |
| Durham-Chapel Hill, NC | 4 | $ 750,000 | $ 187,500 | $ 120,000 |
| Milwaukee-Waukesha-West Allis, WI | 3 | $ 965,000 | $ 321,666 | $ 135,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 1,055,000 | $ 351,666 | $ 113,000 |
| Wilmington, NC | 3 | $ 785,000 | $ 261,666 | $ 209,000 |
| Atlanta-Sandy Springs-Roswell, GA | 2 | $ 1,910,000 | $ 955,000 | $ 305,000 |
| Cincinnati, OH-KY-IN | 2 | $ 320,000 | $ 160,000 | $ 57,000 |
| Florence, SC | 2 | $ 350,000 | $ 175,000 | $ 52,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 315,000 | $ 315,000 | $ 120,000 |
| Chattanooga, TN-GA | 1 | $ 395,000 | $ 395,000 | $ 399,000 |
| Fayetteville, NC | 1 | $ 195,000 | $ 195,000 | $ 47,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 115,000 | $ 115,000 | $ 111,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 365,000 | $ 365,000 | $ 133,000 |
| Jacksonville, NC | 1 | $ 175,000 | $ 175,000 | $ 126,000 |
| Lafayette, LA | 1 | $ 305,000 | $ 305,000 | $ 217,000 |
| Lexington-Fayette, KY | 1 | $ 495,000 | $ 495,000 | $ 80,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 235,000 | $ 235,000 | $ 169,000 |
| Longview, TX | 1 | $ 125,000 | $ 125,000 | $ 57,000 |
| Manhattan, KS | 1 | $ 155,000 | $ 155,000 | $ 66,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 595,000 | $ 595,000 | $ 322,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 565,000 | $ 565,000 | $ 0 |
| Newark, NJ-PA | 1 | $ 265,000 | $ 265,000 | $ 81,000 |
| Ocala, FL | 1 | $ 505,000 | $ 505,000 | $ 68,000 |
| Panama City, FL | 1 | $ 405,000 | $ 405,000 | $ 306,000 |
| Roanoke, VA | 1 | $ 305,000 | $ 305,000 | $ 72,000 |
| Valdosta, GA | 1 | $ 665,000 | $ 665,000 | $ 1,492,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 625,000 | $ 625,000 | $ 120,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 1,645,000 | $ 1,645,000 | $ 538,000 |
Mortgage Loan Application Detail Totals for Uwharrie Bank in 2022
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 Purchase | 497 | $162,985,000 | $327,000 | $2,005,000 | $129,000 | $927,000 |
| Other Purpose | 210 | $21,670,000 | $103,000 | $665,000 | $121,000 | $1,492,000 |
| Refinancing | 156 | $34,080,000 | $218,000 | $4,105,000 | $127,000 | $615,000 |
| Home Improvement | 140 | $15,830,000 | $113,000 | $755,000 | $157,000 | $1,200,000 |
| Cash-out Refinancing | 88 | $24,660,000 | $280,000 | $1,055,000 | $113,000 | $1,164,000 |
| Not Applicable | 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 | 823 | $174,255,000 | $211,000 | $1,885,000 | $130,000 | $1,492,000 |
| Not Provided | 150 | $49,820,000 | $332,000 | $1,805,000 | $145,000 | $927,000 |
| Black or African American | 55 | $12,915,000 | $234,000 | $685,000 | $95,000 | $492,000 |
| Hispanic | 26 | $4,900,000 | $188,000 | $515,000 | $94,000 | $221,000 |
| Not applicable | 17 | $10,525,000 | $619,000 | $4,105,000 | $0 | $0 |
| Asian | 12 | $4,270,000 | $355,000 | $955,000 | $165,000 | $464,000 |
| American Indian or Alaskan Native | 2 | $350,000 | $175,000 | $195,000 | $57,000 | $70,000 |
| 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) | 1,015 | $240,725,000 | $237,000 | $4,105,000 | $134,000 | $1,492,000 |
| FHA-insured (Federal Housing Administration) | 58 | $13,930,000 | $240,000 | $425,000 | $69,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $2,135,000 | $237,000 | $345,000 | $63,000 | $87,000 |
| VA-guaranteed (Veterans Administration) | 9 | $2,435,000 | $270,000 | $465,000 | $82,000 | $160,000 |
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 | 887 | $209,605,000 | $236,000 | $4,105,000 | $132,000 | $1,492,000 |
| Application Withdrawn By Applicant | 130 | $37,050,000 | $285,000 | $1,885,000 | $127,000 | $644,000 |
| Application Denied By Financial Institution | 55 | $8,995,000 | $163,000 | $1,265,000 | $86,000 | $360,000 |
| Application Approved But Not Accepted | 10 | $1,030,000 | $103,000 | $255,000 | $152,000 | $559,000 |
| File Closed For Incompleteness | 9 | $2,545,000 | $282,000 | $545,000 | $159,000 | $284,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,036 | $250,230,000 | $241,000 | $4,105,000 | $132,000 | $1,492,000 |
| Debt-To-Income Ratio | 23 | $5,075,000 | $220,000 | $1,265,000 | $82,000 | $360,000 |
| Credit History | 15 | $1,265,000 | $84,000 | $295,000 | $86,000 | $281,000 |
| Collateral | 9 | $1,255,000 | $139,000 | $325,000 | $95,000 | $174,000 |
| Credit Application Incomplete | 2 | $290,000 | $145,000 | $235,000 | $127,000 | $127,000 |
| Other | 2 | $220,000 | $110,000 | $135,000 | $125,000 | $165,000 |
| Unverifiable Information | 2 | $310,000 | $155,000 | $155,000 | $43,000 | $53,000 |
| Employment History | 2 | $580,000 | $290,000 | $325,000 | $84,000 | $128,000 |
| 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 Uwharrie Bank's 2022 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 Uwharrie Bank'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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