Access National Bank Mortgage Lending & HMDA Data, 2018
In 2018, Access National Bank of Reston, VA reported 2,191 mortgage applications totaling $629.4 million, down 18% from 2017. The average application was for $287,254, and applicants reported an average income of $121,654. 67% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (478), Atlanta-Sandy Springs-Roswell, GA (430) and Nashville-Davidson--Murfreesboro--Franklin, TN (107) (applications in parentheses).
| Mortgage Company & Address | Access National Bank 1800 Robert Fulton Dr Reston, VA 20191 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,191 |
| Total Mortgage Loan Application Amount | $629,375,000 |
| Average Mortgage Loan Application Amount | $287,254 |
| Highest Mortgage Loan Application Amount | $4,425,000 |
| Average Applicant Income | $121,654 |
| Highest Applicant Income | $2,120,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Access National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Access National Bank in 2018
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 | 1,662 | $481,400,000 | $289,000 | $4,425,000 | $118,000 | $2,120,000 |
| Cash-out Refinancing | 338 | $86,520,000 | $255,000 | $905,000 | $108,000 | $1,265,000 |
| Refinancing | 173 | $58,285,000 | $336,000 | $1,205,000 | $149,000 | $716,000 |
| Other Purpose | 12 | $1,800,000 | $150,000 | $405,000 | $353,000 | $908,000 |
| Home Improvement | 6 | $1,370,000 | $228,000 | $475,000 | $652,000 | $1,732,000 |
| 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 | 1,501 | $403,705,000 | $268,000 | $3,075,000 | $121,000 | $2,120,000 |
| Black or African American | 259 | $65,595,000 | $253,000 | $755,000 | $97,000 | $610,000 |
| Not Provided | 208 | $70,740,000 | $340,000 | $1,955,000 | $155,000 | $1,000,000 |
| Hispanic | 97 | $26,355,000 | $271,000 | $1,045,000 | $99,000 | $756,000 |
| Asian | 80 | $29,150,000 | $364,000 | $2,815,000 | $139,000 | $1,200,000 |
| Not applicable | 40 | $31,960,000 | $799,000 | $4,425,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $605,000 | $201,000 | $445,000 | $70,000 | $158,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,265,000 | $421,000 | $545,000 | $145,000 | $180,000 |
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) | 1,401 | $462,675,000 | $330,000 | $4,425,000 | $151,000 | $2,120,000 |
| FHA-insured (Federal Housing Administration) | 479 | $91,725,000 | $191,000 | $605,000 | $65,000 | $215,000 |
| VA-guaranteed (Veterans Administration) | 215 | $62,385,000 | $290,000 | $955,000 | $89,000 | $334,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 96 | $12,590,000 | $131,000 | $285,000 | $49,000 | $107,000 |
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 | 1,474 | $417,640,000 | $283,000 | $4,425,000 | $124,000 | $2,120,000 |
| Application Withdrawn By Applicant | 325 | $99,395,000 | $305,000 | $2,815,000 | $133,000 | $1,732,000 |
| Application Denied By Financial Institution | 315 | $88,665,000 | $281,000 | $3,075,000 | $98,000 | $1,265,000 |
| Preapproval Denied by Financial Institution | 44 | $13,040,000 | $296,000 | $1,205,000 | $109,000 | $500,000 |
| Application Approved But Not Accepted | 25 | $7,765,000 | $310,000 | $775,000 | $135,000 | $489,000 |
| Preapproval Approved but not Accepted | 8 | $2,870,000 | $358,000 | $605,000 | $151,000 | $355,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 1,832 | $527,670,000 | $288,000 | $4,425,000 | $126,000 | $2,120,000 |
| Collateral | 110 | $30,810,000 | $280,000 | $3,075,000 | $117,000 | $1,265,000 |
| Unverifiable Information | 74 | $24,290,000 | $328,000 | $1,405,000 | $117,000 | $500,000 |
| Debt-To-Income Ratio | 61 | $20,635,000 | $338,000 | $1,065,000 | $81,000 | $289,000 |
| Credit History | 56 | $12,850,000 | $229,000 | $865,000 | $76,000 | $326,000 |
| Other | 28 | $5,330,000 | $190,000 | $455,000 | $71,000 | $191,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 22 | $5,210,000 | $236,000 | $455,000 | $101,000 | $269,000 |
| Employment History | 8 | $2,580,000 | $322,000 | $995,000 | $87,000 | $174,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Access National Bank's 2018 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 Access National 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.
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with aggregated HMDA statistics today.
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