Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2018
In 2018, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 262 mortgage applications totaling $137.5 million, down 36% from 2017. The average application was for $524,961, and applicants reported an average income of $203,213. 65% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (240), Silver Spring-Frederick-Rockville, MD (7) and Baltimore-Columbia-Towson, MD (2) (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 | 262 |
| Total Mortgage Loan Application Amount | $137,540,000 |
| Average Mortgage Loan Application Amount | $524,961 |
| Highest Mortgage Loan Application Amount | $4,505,000 |
| Average Applicant Income | $203,213 |
| Highest Applicant Income | $2,535,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 100 | $ 53,460,000 | $ 534,600 | $ 210,000 |
| Alexandria, Virginia | 59 | $ 32,185,000 | $ 545,508 | $ 229,000 |
| Arlington, Virginia | 27 | $ 12,805,000 | $ 474,259 | $ 205,000 |
| District of Columbia, District Of Columbia | 18 | $ 15,950,000 | $ 886,111 | $ 217,000 |
| Prince William, Virginia | 11 | $ 2,565,000 | $ 233,181 | $ 98,000 |
| Montgomery, Maryland | 7 | $ 5,585,000 | $ 797,857 | $ 197,000 |
| Prince George's, Maryland | 6 | $ 860,000 | $ 143,333 | $ 71,000 |
| Loudoun, Virginia | 4 | $ 1,430,000 | $ 357,500 | $ 294,000 |
| Falls Church, Virginia | 3 | $ 2,535,000 | $ 845,000 | $ 192,000 |
| Fauquier, Virginia | 3 | $ 825,000 | $ 275,000 | $ 74,000 |
| Spotsylvania, Virginia | 3 | $ 895,000 | $ 298,333 | $ 96,000 |
| Volusia, Florida | 2 | $ 550,000 | $ 275,000 | $ 133,000 |
| Calvert, Maryland | 2 | $ 400,000 | $ 200,000 | $ 281,000 |
| Sussex, Delaware | 1 | $ 595,000 | $ 595,000 | $ 268,000 |
| Collier, Florida | 1 | $ 365,000 | $ 365,000 | $ 142,000 |
| Martin, Florida | 1 | $ 425,000 | $ 425,000 | $ 224,000 |
| Monroe, Florida | 1 | $ 675,000 | $ 675,000 | $ 280,000 |
| Pinellas, Florida | 1 | $ 155,000 | $ 155,000 | $ 49,000 |
| Anne Arundel, Maryland | 1 | $ 385,000 | $ 385,000 | $ 169,000 |
| Baltimore City, Maryland | 1 | $ 755,000 | $ 755,000 | $ 0 |
| Philadelphia, Pennsylvania | 1 | $ 745,000 | $ 745,000 | $ 248,000 |
| Greenville, South Carolina | 1 | $ 475,000 | $ 475,000 | $ 279,000 |
| James City, Virginia | 1 | $ 545,000 | $ 545,000 | $ 328,000 |
| Lancaster, Virginia | 1 | $ 425,000 | $ 425,000 | $ 7,000 |
| Manassas, Virginia | 1 | $ 375,000 | $ 375,000 | $ 198,000 |
| Rappahannock, Virginia | 1 | $ 105,000 | $ 105,000 | $ 27,000 |
| Stafford, Virginia | 1 | $ 325,000 | $ 325,000 | $ 75,000 |
| Warren, Virginia | 1 | $ 215,000 | $ 215,000 | $ 85,000 |
| Westmoreland, Virginia | 1 | $ 215,000 | $ 215,000 | $ 175,000 |
| Winchester, Virginia | 1 | $ 715,000 | $ 715,000 | $ 0 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co 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 | 125 | $65,085,000 | $520,000 | $1,935,000 | $213,000 | $1,300,000 |
| Cash-out Refinancing | 84 | $48,510,000 | $577,000 | $4,505,000 | $211,000 | $2,535,000 |
| Refinancing | 41 | $18,945,000 | $462,000 | $1,365,000 | $173,000 | $662,000 |
| Home Improvement | 12 | $5,000,000 | $416,000 | $955,000 | $150,000 | $325,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 164 | $89,620,000 | $546,000 | $4,505,000 | $216,000 | $2,535,000 |
| Not Provided | 32 | $19,090,000 | $596,000 | $1,525,000 | $246,000 | $1,300,000 |
| Black or African American | 18 | $6,500,000 | $361,000 | $905,000 | $148,000 | $409,000 |
| Asian | 13 | $6,165,000 | $474,000 | $1,365,000 | $192,000 | $394,000 |
| Not applicable | 12 | $9,270,000 | $772,000 | $4,005,000 | $0 | $0 |
| Hispanic | 9 | $2,035,000 | $226,000 | $395,000 | $87,000 | $148,000 |
| American Indian or Alaskan Native | 2 | $490,000 | $245,000 | $455,000 | $143,000 | $194,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $275,000 | $275,000 | $275,000 | $75,000 | $75,000 |
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) | 262 | $137,540,000 | $524,000 | $4,505,000 | $203,000 | $2,535,000 |
| 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 | 169 | $87,685,000 | $518,000 | $4,005,000 | $206,000 | $1,300,000 |
| Application Withdrawn By Applicant | 44 | $25,750,000 | $585,000 | $4,505,000 | $241,000 | $2,535,000 |
| Application Denied By Financial Institution | 30 | $14,030,000 | $467,000 | $1,285,000 | $141,000 | $409,000 |
| File Closed For Incompleteness | 18 | $9,800,000 | $544,000 | $2,205,000 | $202,000 | $669,000 |
| Application Approved But Not Accepted | 1 | $275,000 | $275,000 | $275,000 | $49,000 | $49,000 |
| 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 | 232 | $123,510,000 | $532,000 | $4,505,000 | $212,000 | $2,535,000 |
| Debt-To-Income Ratio | 18 | $9,400,000 | $522,000 | $1,285,000 | $117,000 | $292,000 |
| Other | 4 | $2,510,000 | $627,000 | $1,205,000 | $228,000 | $315,000 |
| Unverifiable Information | 2 | $330,000 | $165,000 | $175,000 | $88,000 | $88,000 |
| Collateral | 2 | $600,000 | $300,000 | $445,000 | $173,000 | $197,000 |
| Credit History | 2 | $910,000 | $455,000 | $455,000 | $296,000 | $409,000 |
| Employment History | 1 | $155,000 | $155,000 | $155,000 | $55,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $125,000 | $125,000 | $125,000 | $42,000 | $42,000 |
| 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 Burke & Herbert Bk & Tr Co'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 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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