Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2023
In 2023, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 241 mortgage applications totaling $149.0 million, down 14% from 2022. The average application was for $618,236, and applicants reported an average income of $214,701. 74% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (188), Washington-Baltimore-Arlington, DC (16) and Richmond, VA (8) (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 | 241 |
| Total Mortgage Loan Application Amount | $148,995,000 |
| Average Mortgage Loan Application Amount | $618,236 |
| Highest Mortgage Loan Application Amount | $6,675,000 |
| Average Applicant Income | $214,701 |
| Highest Applicant Income | $2,885,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 70 | $ 40,740,000 | $ 582,000 | $ 189,000 |
| Prince William, Virginia | 25 | $ 12,805,000 | $ 512,200 | $ 197,000 |
| Loudoun, Virginia | 21 | $ 14,175,000 | $ 675,000 | $ 234,000 |
| Alexandria, Virginia | 15 | $ 8,525,000 | $ 568,333 | $ 187,000 |
| Montgomery, Maryland | 14 | $ 13,070,000 | $ 933,571 | $ 148,000 |
| Arlington, Virginia | 12 | $ 10,040,000 | $ 836,666 | $ 303,000 |
| Stafford, Virginia | 10 | $ 6,210,000 | $ 621,000 | $ 163,000 |
| District of Columbia, District Of Columbia | 9 | $ 7,995,000 | $ 888,333 | $ 353,000 |
| Charles, Maryland | 6 | $ 2,330,000 | $ 388,333 | $ 105,000 |
| Culpeper, Virginia | 5 | $ 2,525,000 | $ 505,000 | $ 130,000 |
| Prince George's, Maryland | 4 | $ 2,550,000 | $ 637,500 | $ 141,000 |
| Frederick, Virginia | 3 | $ 1,205,000 | $ 401,666 | $ 163,000 |
| Henrico, Virginia | 3 | $ 705,000 | $ 235,000 | $ 90,000 |
| Warren, Virginia | 3 | $ 1,025,000 | $ 341,666 | $ 157,000 |
| Frederick, Maryland | 2 | $ 720,000 | $ 360,000 | $ 88,000 |
| Howard, Maryland | 2 | $ 960,000 | $ 480,000 | $ 109,000 |
| Horry, South Carolina | 2 | $ 1,110,000 | $ 555,000 | $ 763,000 |
| Chesterfield, Virginia | 2 | $ 580,000 | $ 290,000 | $ 154,000 |
| Fauquier, Virginia | 2 | $ 1,320,000 | $ 660,000 | $ 223,000 |
| Fredericksburg, Virginia | 2 | $ 740,000 | $ 370,000 | $ 93,000 |
| Richmond City, Virginia | 2 | $ 6,050,000 | $ 3,025,000 | $ 102,000 |
| Westmoreland, Virginia | 2 | $ 340,000 | $ 170,000 | $ 147,000 |
| Collier, Florida | 1 | $ 1,115,000 | $ 1,115,000 | $ 325,000 |
| Hillsborough, Florida | 1 | $ 705,000 | $ 705,000 | $ 294,000 |
| Lake, Florida | 1 | $ 445,000 | $ 445,000 | $ 222,000 |
| Chatham, Georgia | 1 | $ 605,000 | $ 605,000 | $ 334,000 |
| Cobb, Georgia | 1 | $ 245,000 | $ 245,000 | $ 110,000 |
| Anne Arundel, Maryland | 1 | $ 725,000 | $ 725,000 | $ 223,000 |
| Calvert, Maryland | 1 | $ 605,000 | $ 605,000 | $ 269,000 |
| Queen Anne's, Maryland | 1 | $ 1,075,000 | $ 1,075,000 | $ 509,000 |
| Worcester, Maryland | 1 | $ 405,000 | $ 405,000 | $ 715,000 |
| Onslow, North Carolina | 1 | $ 225,000 | $ 225,000 | $ 86,000 |
| San Patricio, Texas | 1 | $ 285,000 | $ 285,000 | $ 113,000 |
| Albemarle, Virginia | 1 | $ 235,000 | $ 235,000 | $ 139,000 |
| Fairfax City, Virginia | 1 | $ 235,000 | $ 235,000 | $ 82,000 |
| Falls Church, Virginia | 1 | $ 855,000 | $ 855,000 | $ 544,000 |
| James City, Virginia | 1 | $ 305,000 | $ 305,000 | $ 132,000 |
| King George, Virginia | 1 | $ 745,000 | $ 745,000 | $ 150,000 |
| Lancaster, Virginia | 1 | $ 435,000 | $ 435,000 | $ 2,885,000 |
| Manassas Park, Virginia | 1 | $ 525,000 | $ 525,000 | $ 144,000 |
| New Kent, Virginia | 1 | $ 295,000 | $ 295,000 | $ 65,000 |
| Northumberland, Virginia | 1 | $ 85,000 | $ 85,000 | $ 68,000 |
| Portsmouth, Virginia | 1 | $ 265,000 | $ 265,000 | $ 70,000 |
| Rockingham, Virginia | 1 | $ 155,000 | $ 155,000 | $ 186,000 |
| Virginia Beach, Virginia | 1 | $ 1,105,000 | $ 1,105,000 | $ 357,000 |
| Monongalia, West Virginia | 1 | $ 905,000 | $ 905,000 | $ 415,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2023
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 | 207 | $128,295,000 | $619,000 | $6,675,000 | $213,000 | $2,885,000 |
| Cash-out Refinancing | 20 | $13,730,000 | $686,000 | $1,805,000 | $247,000 | $1,186,000 |
| Refinancing | 12 | $6,460,000 | $538,000 | $1,185,000 | $200,000 | $637,000 |
| Home Improvement | 2 | $510,000 | $255,000 | $305,000 | $156,000 | $237,000 |
| 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 | 90 | $55,090,000 | $612,000 | $2,305,000 | $250,000 | $2,885,000 |
| Black or African American | 43 | $21,715,000 | $505,000 | $1,105,000 | $170,000 | $465,000 |
| Asian | 38 | $23,330,000 | $613,000 | $1,445,000 | $203,000 | $605,000 |
| Not Provided | 32 | $19,620,000 | $613,000 | $1,655,000 | $272,000 | $1,207,000 |
| Hispanic | 30 | $12,190,000 | $406,000 | $1,305,000 | $136,000 | $544,000 |
| Not applicable | 4 | $14,290,000 | $3,572,000 | $6,675,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 1 | $255,000 | $255,000 | $255,000 | $51,000 | $51,000 |
| American Indian or Alaskan Native | 1 | $215,000 | $215,000 | $215,000 | $116,000 | $116,000 |
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) | 220 | $140,250,000 | $637,000 | $6,675,000 | $224,000 | $2,885,000 |
| FHA-insured (Federal Housing Administration) | 18 | $7,590,000 | $421,000 | $645,000 | $119,000 | $275,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,155,000 | $385,000 | $455,000 | $132,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 179 | $116,695,000 | $651,000 | $6,675,000 | $228,000 | $2,885,000 |
| Application Withdrawn By Applicant | 40 | $21,610,000 | $540,000 | $2,305,000 | $194,000 | $1,207,000 |
| Application Denied By Financial Institution | 12 | $6,000,000 | $500,000 | $995,000 | $140,000 | $321,000 |
| File Closed For Incompleteness | 9 | $4,605,000 | $511,000 | $1,115,000 | $161,000 | $325,000 |
| Application Approved But Not Accepted | 1 | $85,000 | $85,000 | $85,000 | $68,000 | $68,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 238 | $147,720,000 | $620,000 | $6,675,000 | $215,000 | $2,885,000 |
| Not applicable | 3 | $1,275,000 | $425,000 | $495,000 | $191,000 | $342,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2023 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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with aggregated HMDA statistics today.
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