Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2016
In 2016, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 416 mortgage applications totaling $214.9 million, down 2% from 2015. The average application was for $516,483, and applicants reported an average income of $184,906. 67% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (370), Baltimore-Columbia-Towson, MD (12) and Silver Spring-Frederick-Rockville, MD (11) (applications in parentheses).
| Mortgage Company & Address | Burke & Herbert Bk & Tr Co 100 S. Fairfax St Alexandria, VA 22315 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 416 |
| Total Mortgage Loan Application Amount | $214,857,000 |
| Average Mortgage Loan Application Amount | $516,483 |
| Highest Mortgage Loan Application Amount | $20,750,000 |
| Average Applicant Income | $184,906 |
| Highest Applicant Income | $2,160,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fairfax, Virginia | 139 | $ 63,644,000 | $ 457,870 | $ 192,000 |
| Alexandria, Virginia | 83 | $ 42,915,000 | $ 517,048 | $ 218,000 |
| Arlington, Virginia | 62 | $ 29,015,000 | $ 467,983 | $ 218,000 |
| District of Columbia, District Of Columbia | 28 | $ 21,955,000 | $ 784,107 | $ 147,000 |
| Prince William, Virginia | 27 | $ 4,941,000 | $ 183,000 | $ 66,000 |
| Montgomery, Maryland | 11 | $ 6,473,000 | $ 588,454 | $ 183,000 |
| Baltimore City, Maryland | 8 | $ 22,866,000 | $ 2,858,250 | $ 30,000 |
| Stafford, Virginia | 8 | $ 2,351,000 | $ 293,875 | $ 80,000 |
| Prince George's, Maryland | 6 | $ 4,505,000 | $ 750,833 | $ 51,000 |
| Anne Arundel, Maryland | 4 | $ 1,507,000 | $ 376,750 | $ 199,000 |
| Charles, Maryland | 4 | $ 959,000 | $ 239,750 | $ 128,000 |
| Falls Church, Virginia | 3 | $ 1,786,000 | $ 595,333 | $ 106,000 |
| Loudoun, Virginia | 3 | $ 1,290,000 | $ 430,000 | $ 130,000 |
| Sussex, Delaware | 2 | $ 1,001,000 | $ 500,500 | $ 628,000 |
| Collier, Florida | 2 | $ 496,000 | $ 248,000 | $ 256,000 |
| Palm Beach, Florida | 2 | $ 275,000 | $ 137,500 | $ 120,000 |
| Talbot, Maryland | 2 | $ 852,000 | $ 426,000 | $ 161,000 |
| Fauquier, Virginia | 2 | $ 1,172,000 | $ 586,000 | $ 350,000 |
| Virginia Beach, Virginia | 2 | $ 900,000 | $ 450,000 | $ 337,000 |
| Jefferson, West Virginia | 2 | $ 480,000 | $ 240,000 | $ 49,000 |
| Larimer, Colorado | 1 | $ 295,000 | $ 295,000 | $ 107,000 |
| Manatee, Florida | 1 | $ 210,000 | $ 210,000 | $ 643,000 |
| Monroe, Florida | 1 | $ 547,000 | $ 547,000 | $ 496,000 |
| Calvert, Maryland | 1 | $ 219,000 | $ 219,000 | $ 187,000 |
| Dare, North Carolina | 1 | $ 982,000 | $ 982,000 | $ 122,000 |
| Pender, North Carolina | 1 | $ 436,000 | $ 436,000 | $ 229,000 |
| Beaufort, South Carolina | 1 | $ 416,000 | $ 416,000 | $ 451,000 |
| Davidson, Tennessee | 1 | $ 485,000 | $ 485,000 | $ 451,000 |
| Albemarle, Virginia | 1 | $ 255,000 | $ 255,000 | $ 126,000 |
| Clarke, Virginia | 1 | $ 304,000 | $ 304,000 | $ 114,000 |
| Louisa, Virginia | 1 | $ 412,000 | $ 412,000 | $ 317,000 |
| Manassas, Virginia | 1 | $ 320,000 | $ 320,000 | $ 130,000 |
| Norfolk, Virginia | 1 | $ 30,000 | $ 30,000 | $ 211,000 |
| Richmond City, Virginia | 1 | $ 233,000 | $ 233,000 | $ 113,000 |
| Shenandoah, Virginia | 1 | $ 210,000 | $ 210,000 | $ 51,000 |
| Westmoreland, Virginia | 1 | $ 120,000 | $ 120,000 | $ 87,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2016
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 |
|---|---|---|---|---|---|---|
| Refinancing | 212 | $103,101,000 | $486,000 | $4,500,000 | $185,000 | $1,289,000 |
| Home Purchase | 159 | $95,727,000 | $602,000 | $20,750,000 | $189,000 | $2,160,000 |
| Home Improvement | 45 | $16,029,000 | $356,000 | $1,400,000 | $170,000 | $981,000 |
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 | 264 | $125,157,000 | $474,000 | $2,640,000 | $228,000 | $2,160,000 |
| Not applicable | 51 | $56,148,000 | $1,100,000 | $20,750,000 | $0 | $0 |
| Hispanic | 29 | $9,919,000 | $342,000 | $850,000 | $166,000 | $945,000 |
| Asian | 27 | $8,430,000 | $312,000 | $950,000 | $166,000 | $496,000 |
| Black or African American | 23 | $7,115,000 | $309,000 | $2,000,000 | $160,000 | $487,000 |
| Not Provided | 21 | $7,790,000 | $370,000 | $850,000 | $187,000 | $713,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $298,000 | $298,000 | $298,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 416 | $214,857,000 | $516,000 | $20,750,000 | $185,000 | $2,160,000 |
| 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 | 279 | $157,343,000 | $563,000 | $20,750,000 | $189,000 | $1,682,000 |
| Application Denied By Financial Institution | 66 | $26,613,000 | $403,000 | $1,400,000 | $154,000 | $915,000 |
| Application Withdrawn By Applicant | 57 | $22,885,000 | $401,000 | $1,620,000 | $233,000 | $2,160,000 |
| Application Approved But Not Accepted | 9 | $6,972,000 | $774,000 | $4,500,000 | $60,000 | $361,000 |
| File Closed For Incompleteness | 5 | $1,044,000 | $208,000 | $320,000 | $74,000 | $130,000 |
| 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 Application Incomplete | 22 | $8,881,000 | $403,000 | $1,375,000 | $172,000 | $915,000 |
| Credit History | 18 | $8,809,000 | $489,000 | $850,000 | $180,000 | $444,000 |
| Debt-To-Income Ratio | 13 | $3,189,000 | $245,000 | $720,000 | $75,000 | $240,000 |
| Collateral | 7 | $3,496,000 | $499,000 | $1,400,000 | $181,000 | $385,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $830,000 | $415,000 | $583,000 | $109,000 | $126,000 |
| Other | 2 | $760,000 | $380,000 | $570,000 | $181,000 | $362,000 |
| Unverifiable Information | 1 | $488,000 | $488,000 | $488,000 | $180,000 | $180,000 |
| Employment History | 1 | $160,000 | $160,000 | $160,000 | $130,000 | $130,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2016 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 Burke & Herbert Bk & Tr Co'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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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