Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2007
In 2007, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 418 mortgage applications totaling $128.2 million, up 9% from 2006. The average application was for $306,669, and applicants reported an average income of $191,741. 85% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (393), Bethesda-Gaithersburg-Frederick, MD (5) and Baltimore-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 | 418 |
| Total Mortgage Loan Application Amount | $128,188,000 |
| Average Mortgage Loan Application Amount | $306,669 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $191,741 |
| Highest Applicant Income | $2,172,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 393 | $ 123,204,000 | $ 313,496 | $ 191,447 |
| Bethesda-Gaithersburg-Frederick, MD | 5 | $ 838,000 | $ 167,600 | $ 171,000 |
| Baltimore-Towson, MD | 4 | $ 1,401,000 | $ 350,250 | $ 103,000 |
| Richmond, VA | 2 | $ 195,000 | $ 97,500 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 562,000 | $ 281,000 | $ 175,000 |
| Charlottesville, VA | 1 | $ 156,000 | $ 156,000 | $ 0 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 150,000 | $ 150,000 | $ 216,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 60,000 | $ 60,000 | $ 204,000 |
| Roanoke, VA | 1 | $ 175,000 | $ 175,000 | $ 175,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 108,000 | $ 108,000 | $ 167,000 |
| Winchester, VA-WV | 1 | $ 101,000 | $ 101,000 | $ 0 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2007
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 | 195 | $52,914,000 | $271,000 | $1,400,000 | $240,000 | $2,075,000 |
| Home Purchase | 124 | $50,686,000 | $408,000 | $3,000,000 | $138,000 | $2,172,000 |
| Home Improvement | 99 | $24,588,000 | $248,000 | $5,000,000 | $164,000 | $1,700,000 |
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 | 217 | $62,628,000 | $288,000 | $3,000,000 | $284,000 | $2,172,000 |
| Not applicable | 107 | $46,291,000 | $432,000 | $5,000,000 | $0 | $0 |
| Not Provided | 34 | $8,074,000 | $237,000 | $650,000 | $286,000 | $2,075,000 |
| Black or African American | 27 | $4,901,000 | $181,000 | $540,000 | $142,000 | $344,000 |
| Hispanic | 20 | $3,871,000 | $193,000 | $650,000 | $83,000 | $425,000 |
| Asian | 13 | $2,423,000 | $186,000 | $450,000 | $264,000 | $680,000 |
| 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) | 418 | $128,188,000 | $306,000 | $5,000,000 | $192,000 | $2,172,000 |
| 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 | 354 | $110,262,000 | $311,000 | $5,000,000 | $207,000 | $2,172,000 |
| Application Approved But Not Accepted | 23 | $7,454,000 | $324,000 | $950,000 | $103,000 | $840,000 |
| Application Denied By Financial Institution | 20 | $3,482,000 | $174,000 | $437,000 | $89,000 | $375,000 |
| Application Withdrawn By Applicant | 20 | $6,465,000 | $323,000 | $711,000 | $120,000 | $486,000 |
| File Closed For Incompleteness | 1 | $525,000 | $525,000 | $525,000 | $158,000 | $158,000 |
| 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 | 11 | $2,051,000 | $186,000 | $437,000 | $65,000 | $125,000 |
| Credit History | 9 | $1,431,000 | $159,000 | $428,000 | $119,000 | $375,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2007 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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