Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2017
In 2017, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 411 mortgage applications totaling $200.3 million, down 1% from 2016. The average application was for $487,270, and applicants reported an average income of $177,218. 61% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (357), Silver Spring-Frederick-Rockville, MD (14) and Baltimore-Columbia-Towson, MD (7) (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 | 411 |
| Total Mortgage Loan Application Amount | $200,268,000 |
| Average Mortgage Loan Application Amount | $487,270 |
| Highest Mortgage Loan Application Amount | $3,186,000 |
| Average Applicant Income | $177,218 |
| Highest Applicant Income | $2,962,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 357 | $ 173,076,000 | $ 484,806 | $ 172,182 |
| Silver Spring-Frederick-Rockville, MD | 14 | $ 11,281,000 | $ 805,785 | $ 156,000 |
| Baltimore-Columbia-Towson, MD | 7 | $ 2,727,000 | $ 389,571 | $ 157,000 |
| Salisbury, MD-DE | 4 | $ 1,719,000 | $ 429,750 | $ 344,250 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 748,000 | $ 249,333 | $ 257,000 |
| California-Lexington Park, MD | 2 | $ 1,084,000 | $ 542,000 | $ 310,000 |
| Richmond, VA | 2 | $ 561,000 | $ 280,500 | $ 120,000 |
| Charlottesville, VA | 1 | $ 206,000 | $ 206,000 | $ 60,000 |
| Chicago-Naperville-Arlington Heights, IL | 1 | $ 616,000 | $ 616,000 | $ 67,000 |
| Gettysburg, PA | 1 | $ 188,000 | $ 188,000 | $ 86,000 |
| Harrisonburg, VA | 1 | $ 284,000 | $ 284,000 | $ 560,000 |
| Lynchburg, VA | 1 | $ 750,000 | $ 750,000 | $ 379,000 |
| Ocean City, NJ | 1 | $ 1,240,000 | $ 1,240,000 | $ 358,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 490,000 | $ 490,000 | $ 24,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 195,000 | $ 195,000 | $ 70,000 |
| Roanoke, VA | 1 | $ 585,000 | $ 585,000 | $ 120,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 235,000 | $ 235,000 | $ 169,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 520,000 | $ 520,000 | $ 219,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2017
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 | 225 | $117,705,000 | $523,000 | $3,186,000 | $184,000 | $2,962,000 |
| Home Purchase | 153 | $70,000,000 | $457,000 | $2,620,000 | $177,000 | $996,000 |
| Home Improvement | 33 | $12,563,000 | $380,000 | $1,480,000 | $132,000 | $450,000 |
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 | 245 | $131,632,000 | $537,000 | $3,186,000 | $214,000 | $2,962,000 |
| Not Provided | 58 | $29,226,000 | $503,000 | $2,031,000 | $217,000 | $647,000 |
| Not applicable | 33 | $15,473,000 | $468,000 | $1,700,000 | $0 | $0 |
| Asian | 26 | $9,932,000 | $382,000 | $985,000 | $125,000 | $245,000 |
| Hispanic | 25 | $6,234,000 | $249,000 | $800,000 | $76,000 | $343,000 |
| Black or African American | 24 | $7,771,000 | $323,000 | $1,040,000 | $106,000 | $379,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $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) | 408 | $199,057,000 | $487,000 | $3,186,000 | $178,000 | $2,962,000 |
| FHA-insured (Federal Housing Administration) | 2 | $665,000 | $332,000 | $463,000 | $70,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 1 | $546,000 | $546,000 | $546,000 | $142,000 | $142,000 |
| 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 | 251 | $128,945,000 | $513,000 | $3,186,000 | $180,000 | $2,962,000 |
| Application Denied By Financial Institution | 89 | $38,402,000 | $431,000 | $2,031,000 | $164,000 | $996,000 |
| Application Withdrawn By Applicant | 68 | $31,509,000 | $463,000 | $2,200,000 | $182,000 | $744,000 |
| Application Approved But Not Accepted | 3 | $1,412,000 | $470,000 | $1,037,000 | $186,000 | $450,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 31 | $16,269,000 | $524,000 | $2,031,000 | $155,000 | $647,000 |
| Other | 28 | $9,877,000 | $352,000 | $1,200,000 | $185,000 | $996,000 |
| Credit History | 16 | $6,171,000 | $385,000 | $905,000 | $124,000 | $380,000 |
| Collateral | 8 | $4,175,000 | $521,000 | $1,040,000 | $228,000 | $381,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $771,000 | $257,000 | $261,000 | $116,000 | $150,000 |
| Unverifiable Information | 2 | $776,000 | $388,000 | $634,000 | $151,000 | $262,000 |
| Credit Application Incomplete | 1 | $363,000 | $363,000 | $363,000 | $153,000 | $153,000 |
| Employment History | 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 2017 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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