Benchmark Mortgage, Inc Mortgage Lending & HMDA Data, 2011
In 2011, Benchmark Mortgage, Inc of Glen Allen, VA reported 1,063 mortgage applications totaling $196.6 million, down 27% from 2010. The average application was for $184,915, and applicants reported an average income of $77,742. 81% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Richmond, VA (719), Harrisonburg, VA (87) and Joplin, MO (55) (applications in parentheses).
| Mortgage Company & Address | Benchmark Mortgage, Inc 4413 Cox Road Glen Allen, VA 23060 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,063 |
| Total Mortgage Loan Application Amount | $196,565,000 |
| Average Mortgage Loan Application Amount | $184,915 |
| Highest Mortgage Loan Application Amount | $978,000 |
| Average Applicant Income | $77,742 |
| Highest Applicant Income | $1,260,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Benchmark Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Henrico, Virginia | 288 | $ 56,846,000 | $ 197,381 | $ 79,000 |
| Chesterfield, Virginia | 150 | $ 28,099,000 | $ 187,326 | $ 70,000 |
| Richmond City, Virginia | 85 | $ 15,304,000 | $ 180,047 | $ 87,000 |
| Hanover, Virginia | 80 | $ 15,886,000 | $ 198,575 | $ 78,000 |
| Rockingham, Virginia | 68 | $ 11,020,000 | $ 162,058 | $ 72,000 |
| Jasper, Missouri | 49 | $ 5,704,000 | $ 116,408 | $ 64,000 |
| Wake, North Carolina | 41 | $ 9,393,000 | $ 229,097 | $ 120,000 |
| Durham, North Carolina | 40 | $ 5,450,000 | $ 136,250 | $ 54,000 |
| Powhatan, Virginia | 25 | $ 5,056,000 | $ 202,240 | $ 81,000 |
| Goochland, Virginia | 20 | $ 5,976,000 | $ 298,800 | $ 100,000 |
| Harrisonburg, Virginia | 19 | $ 3,177,000 | $ 167,210 | $ 78,000 |
| Page, Virginia | 13 | $ 1,735,000 | $ 133,461 | $ 58,000 |
| Prince George, Virginia | 13 | $ 2,082,000 | $ 160,153 | $ 60,000 |
| Caroline, Virginia | 12 | $ 1,561,000 | $ 130,083 | $ 51,000 |
| Spotsylvania, Virginia | 12 | $ 2,165,000 | $ 180,416 | $ 74,000 |
| Augusta, Virginia | 9 | $ 1,248,000 | $ 138,666 | $ 52,000 |
| King William, Virginia | 9 | $ 1,406,000 | $ 156,222 | $ 52,000 |
| Louisa, Virginia | 9 | $ 1,588,000 | $ 176,444 | $ 103,000 |
| Stafford, Virginia | 7 | $ 1,360,000 | $ 194,285 | $ 63,000 |
| Newton, Missouri | 6 | $ 726,000 | $ 121,000 | $ 48,000 |
| Colonial Heights, Virginia | 6 | $ 577,000 | $ 96,166 | $ 35,000 |
| Cumberland, Virginia | 6 | $ 1,015,000 | $ 169,166 | $ 76,000 |
| Dinwiddie, Virginia | 6 | $ 1,064,000 | $ 177,333 | $ 71,000 |
| Fairfax, Virginia | 6 | $ 2,189,000 | $ 364,833 | $ 164,000 |
| Lawrence, Missouri | 5 | $ 493,000 | $ 98,600 | $ 42,000 |
| Dare, North Carolina | 5 | $ 1,189,000 | $ 237,800 | $ 98,000 |
| Shenandoah, Virginia | 5 | $ 1,019,000 | $ 203,800 | $ 94,000 |
| Middlesex, Virginia | 4 | $ 570,000 | $ 142,500 | $ 66,000 |
| Orange, Virginia | 4 | $ 742,000 | $ 185,500 | $ 68,000 |
| Barry, Missouri | 3 | $ 594,000 | $ 198,000 | $ 86,000 |
| Hopewell, Virginia | 3 | $ 450,000 | $ 150,000 | $ 30,000 |
| Petersburg, Virginia | 3 | $ 367,000 | $ 122,333 | $ 57,000 |
| Prince Edward, Virginia | 3 | $ 422,000 | $ 140,666 | $ 46,000 |
| Richmond, Virginia | 3 | $ 358,000 | $ 119,333 | $ 72,000 |
| York, Virginia | 3 | $ 704,000 | $ 234,666 | $ 133,000 |
| Greene, Missouri | 2 | $ 195,000 | $ 97,500 | $ 60,000 |
| Granville, North Carolina | 2 | $ 327,000 | $ 163,500 | $ 70,000 |
| Charles City, Virginia | 2 | $ 215,000 | $ 107,500 | $ 35,000 |
| Fredericksburg, Virginia | 2 | $ 564,000 | $ 282,000 | $ 168,000 |
| James City, Virginia | 2 | $ 610,000 | $ 305,000 | $ 133,000 |
| Staunton, Virginia | 2 | $ 326,000 | $ 163,000 | $ 108,000 |
| Carteret, North Carolina | 1 | $ 880,000 | $ 880,000 | $ 637,000 |
| Chatham, North Carolina | 1 | $ 417,000 | $ 417,000 | $ 234,000 |
| Currituck, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 48,000 |
| Franklin, North Carolina | 1 | $ 228,000 | $ 228,000 | $ 75,000 |
| Johnston, North Carolina | 1 | $ 303,000 | $ 303,000 | $ 141,000 |
| New Hanover, North Carolina | 1 | $ 175,000 | $ 175,000 | $ 215,000 |
| Orange, North Carolina | 1 | $ 87,000 | $ 87,000 | $ 25,000 |
| Perquimans, North Carolina | 1 | $ 152,000 | $ 152,000 | $ 43,000 |
| Rockingham, North Carolina | 1 | $ 63,000 | $ 63,000 | $ 23,000 |
| Tyrrell, North Carolina | 1 | $ 239,000 | $ 239,000 | $ 0 |
| Vance, North Carolina | 1 | $ 151,000 | $ 151,000 | $ 32,000 |
| Warren, North Carolina | 1 | $ 408,000 | $ 408,000 | $ 311,000 |
| Washington, North Carolina | 1 | $ 159,000 | $ 159,000 | $ 50,000 |
| Accomack, Virginia | 1 | $ 120,000 | $ 120,000 | $ 140,000 |
| Amelia, Virginia | 1 | $ 159,000 | $ 159,000 | $ 67,000 |
| Bedford, Virginia | 1 | $ 184,000 | $ 184,000 | $ 158,000 |
| Campbell, Virginia | 1 | $ 119,000 | $ 119,000 | $ 35,000 |
| Carroll, Virginia | 1 | $ 232,000 | $ 232,000 | $ 61,000 |
| Essex, Virginia | 1 | $ 75,000 | $ 75,000 | $ 75,000 |
| Fauquier, Virginia | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Fluvanna, Virginia | 1 | $ 258,000 | $ 258,000 | $ 98,000 |
| Hampton, Virginia | 1 | $ 196,000 | $ 196,000 | $ 50,000 |
| King and Queen, Virginia | 1 | $ 77,000 | $ 77,000 | $ 30,000 |
| Loudoun, Virginia | 1 | $ 300,000 | $ 300,000 | $ 72,000 |
| Mathews, Virginia | 1 | $ 257,000 | $ 257,000 | $ 41,000 |
| Montgomery, Virginia | 1 | $ 235,000 | $ 235,000 | $ 99,000 |
| Newport News, Virginia | 1 | $ 90,000 | $ 90,000 | $ 43,000 |
| Northumberland, Virginia | 1 | $ 143,000 | $ 143,000 | $ 31,000 |
| Prince William, Virginia | 1 | $ 258,000 | $ 258,000 | $ 86,000 |
| Suffolk, Virginia | 1 | $ 263,000 | $ 263,000 | $ 79,000 |
| Virginia Beach, Virginia | 1 | $ 175,000 | $ 175,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for Benchmark Mortgage, Inc in 2011
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 | 729 | $126,437,000 | $173,000 | $880,000 | $70,000 | $1,260,000 |
| Refinancing | 329 | $69,410,000 | $210,000 | $978,000 | $95,000 | $383,000 |
| Home Improvement | 5 | $718,000 | $143,000 | $305,000 | $71,000 | $140,000 |
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 | 761 | $147,588,000 | $193,000 | $880,000 | $83,000 | $1,260,000 |
| Black or African American | 139 | $21,129,000 | $152,000 | $413,000 | $53,000 | $220,000 |
| Not Provided | 73 | $11,970,000 | $163,000 | $536,000 | $79,000 | $280,000 |
| Hispanic | 54 | $7,964,000 | $147,000 | $897,000 | $49,000 | $359,000 |
| Asian | 26 | $6,229,000 | $239,000 | $978,000 | $104,000 | $298,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,014,000 | $169,000 | $251,000 | $102,000 | $243,000 |
| American Indian or Alaskan Native | 4 | $671,000 | $167,000 | $285,000 | $70,000 | $155,000 |
| 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) | 579 | $118,801,000 | $205,000 | $978,000 | $98,000 | $1,260,000 |
| FHA-insured (Federal Housing Administration) | 386 | $58,656,000 | $151,000 | $536,000 | $51,000 | $353,000 |
| VA-guaranteed (Veterans Administration) | 66 | $14,476,000 | $219,000 | $531,000 | $72,000 | $234,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 32 | $4,632,000 | $144,000 | $290,000 | $46,000 | $79,000 |
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 | 865 | $163,015,000 | $188,000 | $978,000 | $77,000 | $409,000 |
| Application Withdrawn By Applicant | 152 | $26,267,000 | $172,000 | $897,000 | $88,000 | $1,260,000 |
| Application Denied By Financial Institution | 22 | $3,353,000 | $152,000 | $368,000 | $51,000 | $131,000 |
| Application Approved But Not Accepted | 14 | $2,272,000 | $162,000 | $333,000 | $50,000 | $128,000 |
| File Closed For Incompleteness | 10 | $1,658,000 | $165,000 | $272,000 | $87,000 | $243,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 5 | $857,000 | $171,000 | $204,000 | $65,000 | $99,000 |
| Credit History | 4 | $372,000 | $93,000 | $140,000 | $40,000 | $53,000 |
| Debt-To-Income Ratio | 3 | $352,000 | $117,000 | $166,000 | $33,000 | $45,000 |
| Collateral | 3 | $596,000 | $198,000 | $368,000 | $66,000 | $131,000 |
| Unverifiable Information | 2 | $313,000 | $156,000 | $222,000 | $53,000 | $75,000 |
| Employment History | 2 | $331,000 | $165,000 | $200,000 | $57,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Benchmark Mortgage, Inc's 2011 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 Benchmark Mortgage, Inc'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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