Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2021
In 2021, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 336 mortgage applications totaling $179.0 million, down 5% from 2020. The average application was for $532,767, and applicants reported an average income of $196,154. 74% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (303), Baltimore-Columbia-Towson, MD (4) and Washington-Baltimore-Arlington, DC (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 | 336 |
| Total Mortgage Loan Application Amount | $179,010,000 |
| Average Mortgage Loan Application Amount | $532,767 |
| Highest Mortgage Loan Application Amount | $18,505,000 |
| Average Applicant Income | $196,154 |
| Highest Applicant Income | $6,228,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 303 | $ 142,975,000 | $ 471,864 | $ 190,930 |
| Outside any metro area | 6 | $ 1,140,000 | $ 190,000 | $ 158,000 |
| Baltimore-Columbia-Towson, MD | 4 | $ 1,310,000 | $ 327,500 | $ 72,000 |
| Washington-Baltimore-Arlington, DC | 4 | $ 4,580,000 | $ 1,145,000 | $ 280,000 |
| Salisbury, MD-DE | 3 | $ 1,515,000 | $ 505,000 | $ 225,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 465,000 | $ 155,000 | $ 204,000 |
| Richmond, VA | 2 | $ 18,780,000 | $ 9,390,000 | $ 63,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 5,210,000 | $ 2,605,000 | $ 891,000 |
| Wilmington, DE-MD-NJ | 2 | $ 270,000 | $ 135,000 | $ 217,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 225,000 | $ 225,000 | $ 131,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 275,000 | $ 275,000 | $ 145,000 |
| Missoula, MT | 1 | $ 385,000 | $ 385,000 | $ 155,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 125,000 | $ 125,000 | $ 235,000 |
| Ocean City, NJ | 1 | $ 1,165,000 | $ 1,165,000 | $ 406,000 |
| Pittsburgh, PA | 1 | $ 375,000 | $ 375,000 | $ 194,000 |
| Roanoke, VA | 1 | $ 215,000 | $ 215,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2021
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 | 148 | $59,540,000 | $402,000 | $2,495,000 | $223,000 | $6,228,000 |
| Cash-out Refinancing | 93 | $46,635,000 | $501,000 | $1,655,000 | $177,000 | $1,200,000 |
| Home Purchase | 79 | $67,055,000 | $848,000 | $18,505,000 | $181,000 | $1,230,000 |
| Home Improvement | 16 | $5,780,000 | $361,000 | $855,000 | $134,000 | $250,000 |
| 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 | 147 | $75,585,000 | $514,000 | $3,775,000 | $249,000 | $6,228,000 |
| Not Provided | 119 | $52,235,000 | $438,000 | $1,155,000 | $182,000 | $1,200,000 |
| Hispanic | 26 | $7,130,000 | $274,000 | $425,000 | $75,000 | $150,000 |
| Black or African American | 19 | $5,835,000 | $307,000 | $715,000 | $97,000 | $205,000 |
| Asian | 18 | $5,980,000 | $332,000 | $685,000 | $129,000 | $304,000 |
| Not applicable | 7 | $32,245,000 | $4,606,000 | $18,505,000 | $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) | 334 | $178,200,000 | $533,000 | $18,505,000 | $197,000 | $6,228,000 |
| FHA-insured (Federal Housing Administration) | 2 | $810,000 | $405,000 | $525,000 | $73,000 | $88,000 |
| 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 | 247 | $137,625,000 | $557,000 | $18,505,000 | $174,000 | $1,664,000 |
| Application Withdrawn By Applicant | 46 | $23,500,000 | $510,000 | $3,775,000 | $345,000 | $6,228,000 |
| Application Denied By Financial Institution | 23 | $9,385,000 | $408,000 | $1,545,000 | $157,000 | $611,000 |
| File Closed For Incompleteness | 18 | $6,440,000 | $357,000 | $1,405,000 | $148,000 | $457,000 |
| Application Approved But Not Accepted | 2 | $2,060,000 | $1,030,000 | $1,655,000 | $203,000 | $406,000 |
| 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 | 313 | $169,625,000 | $541,000 | $18,505,000 | $198,000 | $6,228,000 |
| Debt-To-Income Ratio | 16 | $6,390,000 | $399,000 | $1,545,000 | $145,000 | $244,000 |
| Credit History | 3 | $925,000 | $308,000 | $325,000 | $66,000 | $77,000 |
| Unverifiable Information | 2 | $1,340,000 | $670,000 | $1,155,000 | $305,000 | $611,000 |
| Other | 1 | $395,000 | $395,000 | $395,000 | $304,000 | $304,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $335,000 | $335,000 | $335,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Bk & Tr Co's 2021 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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