Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2022
In 2022, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 279 mortgage applications totaling $245.8 million, down 17% from 2021. The average application was for $881,093, and applicants reported an average income of $238,415. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (230), Washington-Baltimore-Arlington, DC (8) and Baltimore-Columbia-Towson, MD (4) (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 | 279 |
| Total Mortgage Loan Application Amount | $245,825,000 |
| Average Mortgage Loan Application Amount | $881,093 |
| Highest Mortgage Loan Application Amount | $25,555,000 |
| Average Applicant Income | $238,415 |
| Highest Applicant Income | $2,858,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 85 | $ 83,095,000 | $ 977,588 | $ 249,000 |
| Prince William, Virginia | 38 | $ 18,440,000 | $ 485,263 | $ 146,000 |
| Alexandria, Virginia | 31 | $ 17,325,000 | $ 558,870 | $ 309,000 |
| Arlington, Virginia | 19 | $ 11,355,000 | $ 597,631 | $ 235,000 |
| District of Columbia, District Of Columbia | 11 | $ 22,215,000 | $ 2,019,545 | $ 192,000 |
| Loudoun, Virginia | 11 | $ 8,205,000 | $ 745,909 | $ 208,000 |
| Stafford, Virginia | 10 | $ 5,140,000 | $ 514,000 | $ 155,000 |
| Montgomery, Maryland | 6 | $ 3,510,000 | $ 585,000 | $ 251,000 |
| Prince George's, Maryland | 6 | $ 1,400,000 | $ 233,333 | $ 107,000 |
| Spotsylvania, Virginia | 6 | $ 28,630,000 | $ 4,771,666 | $ 248,000 |
| Falls Church, Virginia | 3 | $ 2,615,000 | $ 871,666 | $ 370,000 |
| Richmond City, Virginia | 3 | $ 1,505,000 | $ 501,666 | $ 141,000 |
| Anne Arundel, Maryland | 2 | $ 990,000 | $ 495,000 | $ 273,000 |
| Charles, Maryland | 2 | $ 670,000 | $ 335,000 | $ 89,000 |
| Frederick, Maryland | 2 | $ 1,080,000 | $ 540,000 | $ 113,000 |
| Talbot, Maryland | 2 | $ 19,630,000 | $ 9,815,000 | $ 0 |
| Charlottesville, Virginia | 2 | $ 520,000 | $ 260,000 | $ 205,000 |
| Culpeper, Virginia | 2 | $ 670,000 | $ 335,000 | $ 266,000 |
| Fairfax City, Virginia | 2 | $ 1,140,000 | $ 570,000 | $ 184,000 |
| Fauquier, Virginia | 2 | $ 1,160,000 | $ 580,000 | $ 231,000 |
| Frederick, Virginia | 2 | $ 400,000 | $ 200,000 | $ 1,473,000 |
| Fredericksburg, Virginia | 2 | $ 1,520,000 | $ 760,000 | $ 819,000 |
| Lancaster, Virginia | 2 | $ 1,050,000 | $ 525,000 | $ 268,000 |
| Louisa, Virginia | 2 | $ 520,000 | $ 260,000 | $ 70,000 |
| Sussex, Delaware | 1 | $ 955,000 | $ 955,000 | $ 1,224,000 |
| Broward, Florida | 1 | $ 515,000 | $ 515,000 | $ 197,000 |
| Flagler, Florida | 1 | $ 385,000 | $ 385,000 | $ 125,000 |
| St. Johns, Florida | 1 | $ 55,000 | $ 55,000 | $ 127,000 |
| Baltimore City, Maryland | 1 | $ 475,000 | $ 475,000 | $ 0 |
| Howard, Maryland | 1 | $ 525,000 | $ 525,000 | $ 110,000 |
| Flathead, Montana | 1 | $ 505,000 | $ 505,000 | $ 61,000 |
| Hamilton, New York | 1 | $ 95,000 | $ 95,000 | $ 282,000 |
| New York, New York | 1 | $ 395,000 | $ 395,000 | $ 873,000 |
| Chatham, North Carolina | 1 | $ 605,000 | $ 605,000 | $ 186,000 |
| Martin, North Carolina | 1 | $ 95,000 | $ 95,000 | $ 79,000 |
| Wayne, North Carolina | 1 | $ 55,000 | $ 55,000 | $ 221,000 |
| Philadelphia, Pennsylvania | 1 | $ 1,305,000 | $ 1,305,000 | $ 498,000 |
| York, Pennsylvania | 1 | $ 935,000 | $ 935,000 | $ 0 |
| Accomack, Virginia | 1 | $ 175,000 | $ 175,000 | $ 28,000 |
| Albemarle, Virginia | 1 | $ 185,000 | $ 185,000 | $ 168,000 |
| Augusta, Virginia | 1 | $ 425,000 | $ 425,000 | $ 180,000 |
| Caroline, Virginia | 1 | $ 505,000 | $ 505,000 | $ 330,000 |
| Essex, Virginia | 1 | $ 1,165,000 | $ 1,165,000 | $ 307,000 |
| Gloucester, Virginia | 1 | $ 1,755,000 | $ 1,755,000 | $ 125,000 |
| Henrico, Virginia | 1 | $ 625,000 | $ 625,000 | $ 210,000 |
| Mecklenburg, Virginia | 1 | $ 105,000 | $ 105,000 | $ 79,000 |
| Northumberland, Virginia | 1 | $ 655,000 | $ 655,000 | $ 391,000 |
| Prince Edward, Virginia | 1 | $ 85,000 | $ 85,000 | $ 72,000 |
| Staunton, Virginia | 1 | $ 265,000 | $ 265,000 | $ 99,000 |
| Virginia Beach, Virginia | 1 | $ 195,000 | $ 195,000 | $ 0 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2022
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 | 168 | $168,360,000 | $1,002,000 | $25,555,000 | $264,000 | $2,858,000 |
| Cash-out Refinancing | 49 | $24,525,000 | $500,000 | $1,755,000 | $177,000 | $732,000 |
| Refinancing | 41 | $34,025,000 | $829,000 | $14,005,000 | $178,000 | $1,224,000 |
| Home Improvement | 21 | $18,915,000 | $900,000 | $2,775,000 | $295,000 | $874,000 |
| 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 | 140 | $81,560,000 | $582,000 | $2,245,000 | $255,000 | $2,858,000 |
| Not Provided | 45 | $44,785,000 | $995,000 | $17,225,000 | $240,000 | $1,492,000 |
| Asian | 25 | $16,455,000 | $658,000 | $1,505,000 | $232,000 | $739,000 |
| Black or African American | 24 | $14,430,000 | $601,000 | $2,005,000 | $242,000 | $1,274,000 |
| Hispanic | 24 | $8,020,000 | $334,000 | $905,000 | $153,000 | $873,000 |
| Not applicable | 20 | $79,940,000 | $3,997,000 | $25,555,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 279 | $245,825,000 | $881,000 | $25,555,000 | $239,000 | $2,858,000 |
| 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 | 213 | $207,405,000 | $973,000 | $25,555,000 | $241,000 | $2,858,000 |
| Application Withdrawn By Applicant | 37 | $22,875,000 | $618,000 | $2,005,000 | $268,000 | $1,096,000 |
| Application Denied By Financial Institution | 20 | $10,850,000 | $542,000 | $1,755,000 | $111,000 | $293,000 |
| File Closed For Incompleteness | 7 | $4,175,000 | $596,000 | $2,005,000 | $378,000 | $1,274,000 |
| Application Approved But Not Accepted | 2 | $520,000 | $260,000 | $285,000 | $92,000 | $97,000 |
| 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 | 259 | $234,975,000 | $907,000 | $25,555,000 | $248,000 | $2,858,000 |
| Debt-To-Income Ratio | 9 | $5,245,000 | $582,000 | $1,755,000 | $91,000 | $221,000 |
| Credit History | 5 | $2,265,000 | $453,000 | $905,000 | $139,000 | $293,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $2,515,000 | $838,000 | $1,755,000 | $0 | $0 |
| Collateral | 2 | $770,000 | $385,000 | $645,000 | $114,000 | $165,000 |
| Unverifiable Information | 1 | $55,000 | $55,000 | $55,000 | $127,000 | $127,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2022 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.
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