Atlantic Union Bank Mortgage Lending & HMDA Data, 2019
In 2019, Atlantic Union Bank of Glen Allen, VA reported 6,160 mortgage applications totaling $1.1 billion, up 55% from 2018. The average application was for $184,055, and applicants reported an average income of $114,620. 62% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Richmond, VA (1,087), Washington-Arlington-Alexandria, DC-VA-MD-WV (1,000) and Virginia Beach-Norfolk-Newport News, VA-NC (474) (applications in parentheses).
| Mortgage Company & Address | Atlantic Union Bank 1051 East Cary Street, Suite 1200 Glen Allen, VA 23060 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 6,160 |
| Total Mortgage Loan Application Amount | $1,133,780,000 |
| Average Mortgage Loan Application Amount | $184,055 |
| Highest Mortgage Loan Application Amount | $16,005,000 |
| Average Applicant Income | $114,620 |
| Highest Applicant Income | $7,538,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Atlantic Union Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Atlantic Union Bank in 2019
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 2,112 | $202,330,000 | $95,000 | $1,505,000 | $101,000 | $2,400,000 |
| Home Purchase | 1,808 | $501,110,000 | $277,000 | $16,005,000 | $128,000 | $7,538,000 |
| Refinancing | 1,017 | $262,305,000 | $257,000 | $11,005,000 | $126,000 | $2,159,000 |
| Home Improvement | 856 | $63,870,000 | $74,000 | $1,005,000 | $102,000 | $1,950,000 |
| Cash-out Refinancing | 367 | $104,165,000 | $283,000 | $2,555,000 | $125,000 | $1,680,000 |
| 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 | 4,695 | $779,575,000 | $166,000 | $4,505,000 | $114,000 | $7,538,000 |
| Not applicable | 573 | $187,045,000 | $326,000 | $16,005,000 | $0 | $0 |
| Black or African American | 418 | $55,100,000 | $131,000 | $1,415,000 | $83,000 | $1,310,000 |
| Not Provided | 184 | $48,580,000 | $264,000 | $1,355,000 | $146,000 | $1,410,000 |
| Hispanic | 135 | $25,145,000 | $186,000 | $775,000 | $100,000 | $848,000 |
| Asian | 122 | $32,870,000 | $269,000 | $1,505,000 | $147,000 | $1,002,000 |
| American Indian or Alaskan Native | 13 | $1,855,000 | $142,000 | $705,000 | $129,000 | $384,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $850,000 | $212,000 | $305,000 | $94,000 | $146,000 |
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) | 5,553 | $1,015,155,000 | $182,000 | $16,005,000 | $118,000 | $7,538,000 |
| FHA-insured (Federal Housing Administration) | 375 | $70,925,000 | $189,000 | $535,000 | $70,000 | $257,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 116 | $14,860,000 | $128,000 | $345,000 | $51,000 | $129,000 |
| VA-guaranteed (Veterans Administration) | 116 | $32,840,000 | $283,000 | $735,000 | $97,000 | $278,000 |
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 | 3,800 | $805,130,000 | $211,000 | $16,005,000 | $121,000 | $7,538,000 |
| Application Denied By Financial Institution | 1,423 | $160,115,000 | $112,000 | $2,555,000 | $84,000 | $1,310,000 |
| Application Withdrawn By Applicant | 578 | $114,450,000 | $198,000 | $2,485,000 | $138,000 | $2,400,000 |
| Loan Purchased By The Institution | 288 | $32,910,000 | $114,000 | $1,495,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 46 | $14,020,000 | $304,000 | $1,005,000 | $102,000 | $277,000 |
| Application Approved But Not Accepted | 16 | $3,340,000 | $208,000 | $385,000 | $89,000 | $199,000 |
| Preapproval Approved but not Accepted | 8 | $2,610,000 | $326,000 | $665,000 | $144,000 | $285,000 |
| File Closed For Incompleteness | 1 | $1,205,000 | $1,205,000 | $1,205,000 | $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 | 4,691 | $959,645,000 | $204,000 | $16,005,000 | $123,000 | $7,538,000 |
| Debt-To-Income Ratio | 694 | $74,040,000 | $106,000 | $2,555,000 | $57,000 | $566,000 |
| Credit History | 304 | $21,510,000 | $70,000 | $1,125,000 | $90,000 | $1,310,000 |
| Collateral | 300 | $44,290,000 | $147,000 | $1,905,000 | $124,000 | $1,013,000 |
| Unverifiable Information | 129 | $25,865,000 | $200,000 | $1,005,000 | $133,000 | $952,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $4,510,000 | $281,000 | $795,000 | $98,000 | $257,000 |
| Other | 13 | $2,555,000 | $196,000 | $325,000 | $63,000 | $115,000 |
| Employment History | 13 | $1,365,000 | $105,000 | $305,000 | $50,000 | $102,000 |
| 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 Atlantic Union Bank's 2019 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 Atlantic Union 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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