Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2020
In 2020, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 352 mortgage applications totaling $138.6 million, up 7% from 2019. The average application was for $393,721, and applicants reported an average income of $194,764. 74% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (312), Washington-Baltimore-Arlington, DC (9) and Virginia Beach-Norfolk-Newport News, VA-NC (5) (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 | 352 |
| Total Mortgage Loan Application Amount | $138,590,000 |
| Average Mortgage Loan Application Amount | $393,721 |
| Highest Mortgage Loan Application Amount | $2,505,000 |
| Average Applicant Income | $194,764 |
| Highest Applicant Income | $7,200,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 312 | $ 125,090,000 | $ 400,929 | $ 190,083 |
| Washington-Baltimore-Arlington, DC | 9 | $ 5,065,000 | $ 562,777 | $ 295,000 |
| Outside any metro area | 7 | $ 1,855,000 | $ 265,000 | $ 242,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,365,000 | $ 273,000 | $ 148,000 |
| Baltimore-Columbia-Towson, MD | 3 | $ 1,445,000 | $ 481,666 | $ 470,000 |
| Salisbury, MD-DE | 3 | $ 1,335,000 | $ 445,000 | $ 223,000 |
| Richmond, VA | 2 | $ 210,000 | $ 105,000 | $ 101,000 |
| Rocky Mount, NC | 2 | $ 300,000 | $ 150,000 | $ 108,000 |
| California-Lexington Park, MD | 1 | $ 465,000 | $ 465,000 | $ 403,000 |
| Charlottesville, VA | 1 | $ 185,000 | $ 185,000 | $ 200,000 |
| Greensboro-High Point, NC | 1 | $ 145,000 | $ 145,000 | $ 54,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 165,000 | $ 165,000 | $ 146,000 |
| Harrisburg-Carlisle, PA | 1 | $ 125,000 | $ 125,000 | $ 130,000 |
| Harrisonburg, VA | 1 | $ 185,000 | $ 185,000 | $ 135,000 |
| Rochester, NY | 1 | $ 105,000 | $ 105,000 | $ 50,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 375,000 | $ 375,000 | $ 220,000 |
| Winchester, VA-WV | 1 | $ 175,000 | $ 175,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2020
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 | 150 | $58,430,000 | $389,000 | $1,505,000 | $176,000 | $864,000 |
| Cash-out Refinancing | 109 | $41,975,000 | $385,000 | $1,505,000 | $155,000 | $560,000 |
| Home Purchase | 74 | $32,590,000 | $440,000 | $2,505,000 | $308,000 | $7,200,000 |
| Home Improvement | 19 | $5,595,000 | $294,000 | $515,000 | $130,000 | $291,000 |
| 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 | 217 | $85,885,000 | $395,000 | $2,505,000 | $210,000 | $7,200,000 |
| Not Provided | 72 | $29,160,000 | $405,000 | $1,475,000 | $194,000 | $1,056,000 |
| Black or African American | 18 | $5,560,000 | $308,000 | $575,000 | $118,000 | $197,000 |
| Hispanic | 13 | $5,195,000 | $399,000 | $1,475,000 | $128,000 | $300,000 |
| Asian | 11 | $2,985,000 | $271,000 | $455,000 | $128,000 | $304,000 |
| Not applicable | 6 | $2,620,000 | $436,000 | $1,055,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $1,375,000 | $1,375,000 | $1,375,000 | $324,000 | $324,000 |
| 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) | 346 | $135,850,000 | $392,000 | $2,505,000 | $195,000 | $7,200,000 |
| FHA-insured (Federal Housing Administration) | 3 | $1,505,000 | $501,000 | $555,000 | $85,000 | $148,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,235,000 | $411,000 | $675,000 | $163,000 | $210,000 |
| 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 | 260 | $101,900,000 | $391,000 | $2,505,000 | $175,000 | $864,000 |
| Application Withdrawn By Applicant | 55 | $24,125,000 | $438,000 | $1,475,000 | $322,000 | $7,200,000 |
| Application Denied By Financial Institution | 20 | $5,620,000 | $281,000 | $665,000 | $86,000 | $283,000 |
| Loan Purchased By The Institution | 13 | $5,105,000 | $392,000 | $675,000 | $146,000 | $232,000 |
| File Closed For Incompleteness | 4 | $1,840,000 | $460,000 | $805,000 | $329,000 | $509,000 |
| Application Approved But Not Accepted | 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 | 332 | $132,970,000 | $400,000 | $2,505,000 | $201,000 | $7,200,000 |
| Debt-To-Income Ratio | 12 | $3,310,000 | $275,000 | $515,000 | $59,000 | $168,000 |
| Other | 7 | $2,085,000 | $297,000 | $665,000 | $135,000 | $283,000 |
| Credit History | 1 | $225,000 | $225,000 | $225,000 | $72,000 | $72,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2020 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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