Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2024
In 2024, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 723 mortgage applications totaling $219.1 million, up 200% from 2023. The average application was for $303,049, and applicants reported an average income of $173,905. 66% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Arlington-Alexandria-Reston, VA-WV (245), Charleston, WV (35) and Huntington-Ashland, WV-KY-OH (27) (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 | 723 |
| Total Mortgage Loan Application Amount | $219,105,000 |
| Average Mortgage Loan Application Amount | $303,049 |
| Highest Mortgage Loan Application Amount | $26,255,000 |
| Average Applicant Income | $173,905 |
| Highest Applicant Income | $1,977,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 248 | $ 63,400,000 | $ 255,645 | $ 110,116 |
| Arlington-Alexandria-Reston, VA-WV | 245 | $ 80,405,000 | $ 328,183 | $ 208,914 |
| Charleston, WV | 35 | $ 8,485,000 | $ 242,428 | $ 297,000 |
| Huntington-Ashland, WV-KY-OH | 27 | $ 7,795,000 | $ 288,703 | $ 245,000 |
| Beckley, WV | 26 | $ 4,130,000 | $ 158,846 | $ 131,000 |
| Hagerstown-Martinsburg, MD-WV | 24 | $ 2,900,000 | $ 120,833 | $ 90,500 |
| Washington, DC-MD | 19 | $ 9,165,000 | $ 482,368 | $ 278,684 |
| Harrisonburg, VA | 16 | $ 4,570,000 | $ 285,625 | $ 168,000 |
| Baltimore-Columbia-Towson, MD | 11 | $ 3,595,000 | $ 326,818 | $ 94,000 |
| Washington-Baltimore-Arlington, DC | 11 | $ 5,075,000 | $ 461,363 | $ 135,000 |
| Winchester, VA-WV | 10 | $ 2,490,000 | $ 249,000 | $ 129,300 |
| Morgantown, WV | 8 | $ 11,510,000 | $ 1,438,750 | $ 269,000 |
| Blacksburg-Christiansburg-Radford, VA | 5 | $ 1,495,000 | $ 299,000 | $ 0 |
| Richmond, VA | 5 | $ 1,405,000 | $ 281,000 | $ 225,000 |
| Staunton-Waynesboro, VA | 4 | $ 210,000 | $ 52,500 | $ 70,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 695,000 | $ 231,666 | $ 179,333 |
| Charlottesville, VA | 3 | $ 905,000 | $ 301,666 | $ 152,000 |
| Lexington-Fayette, KY | 3 | $ 305,000 | $ 101,666 | $ 47,000 |
| Dover, DE | 2 | $ 350,000 | $ 175,000 | $ 559,000 |
| Lexington Park, MD | 2 | $ 930,000 | $ 465,000 | $ 298,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 730,000 | $ 365,000 | $ 955,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 2,200,000 | $ 1,100,000 | $ 304,000 |
| Charleston-North Charleston, SC | 1 | $ 2,755,000 | $ 2,755,000 | $ 724,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 85,000 | $ 85,000 | $ 118,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 505,000 | $ 505,000 | $ 113,000 |
| Lynchburg, VA | 1 | $ 335,000 | $ 335,000 | $ 141,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 545,000 | $ 545,000 | $ 325,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 515,000 | $ 515,000 | $ 588,000 |
| Roanoke, VA | 1 | $ 155,000 | $ 155,000 | $ 471,000 |
| Rockford, IL | 1 | $ 275,000 | $ 275,000 | $ 450,000 |
| Tallahassee, FL | 1 | $ 285,000 | $ 285,000 | $ 162,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Wilmington, NC | 1 | $ 585,000 | $ 585,000 | $ 330,000 |
| Winston-Salem, NC | 1 | $ 105,000 | $ 105,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2024
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 | 313 | $110,115,000 | $351,000 | $2,755,000 | $192,000 | $1,977,000 |
| Other Purpose | 186 | $33,540,000 | $180,000 | $1,505,000 | $166,000 | $1,168,000 |
| Home Improvement | 114 | $12,500,000 | $109,000 | $805,000 | $143,000 | $1,020,000 |
| Refinancing | 74 | $50,680,000 | $684,000 | $26,255,000 | $158,000 | $1,414,000 |
| Cash-out Refinancing | 36 | $12,270,000 | $340,000 | $2,005,000 | $188,000 | $955,000 |
| Not Applicable | 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 | 384 | $87,210,000 | $227,000 | $2,755,000 | $162,000 | $1,977,000 |
| Not Provided | 207 | $78,425,000 | $378,000 | $26,255,000 | $199,000 | $1,168,000 |
| Not applicable | 47 | $21,095,000 | $448,000 | $9,055,000 | $0 | $0 |
| Hispanic | 41 | $13,615,000 | $332,000 | $695,000 | $149,000 | $568,000 |
| Asian | 21 | $10,115,000 | $481,000 | $1,195,000 | $200,000 | $547,000 |
| Black or African American | 21 | $8,365,000 | $398,000 | $1,265,000 | $157,000 | $512,000 |
| American Indian or Alaskan Native | 2 | $280,000 | $140,000 | $205,000 | $138,000 | $210,000 |
| 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) | 722 | $218,840,000 | $303,000 | $26,255,000 | $173,000 | $1,977,000 |
| FHA-insured (Federal Housing Administration) | 1 | $265,000 | $265,000 | $265,000 | $55,000 | $55,000 |
| 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 | 480 | $162,180,000 | $337,000 | $26,255,000 | $196,000 | $1,977,000 |
| Application Denied By Financial Institution | 91 | $14,375,000 | $157,000 | $1,005,000 | $95,000 | $1,020,000 |
| Application Withdrawn By Applicant | 89 | $23,025,000 | $258,000 | $1,505,000 | $133,000 | $670,000 |
| File Closed For Incompleteness | 37 | $10,825,000 | $292,000 | $2,005,000 | $174,000 | $1,168,000 |
| Application Approved But Not Accepted | 25 | $8,125,000 | $325,000 | $1,075,000 | $196,000 | $1,057,000 |
| Loan Purchased By The Institution | 1 | $575,000 | $575,000 | $575,000 | $123,000 | $123,000 |
| 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 | 632 | $204,730,000 | $323,000 | $26,255,000 | $185,000 | $1,977,000 |
| Debt-To-Income Ratio | 46 | $7,390,000 | $160,000 | $805,000 | $75,000 | $329,000 |
| Credit History | 35 | $4,075,000 | $116,000 | $805,000 | $115,000 | $1,020,000 |
| Other | 4 | $1,730,000 | $432,000 | $1,005,000 | $112,000 | $329,000 |
| Collateral | 3 | $135,000 | $45,000 | $65,000 | $67,000 | $88,000 |
| Credit Application Incomplete | 1 | $255,000 | $255,000 | $255,000 | $400,000 | $400,000 |
| Unverifiable Information | 1 | $395,000 | $395,000 | $395,000 | $0 | $0 |
| Employment History | 1 | $395,000 | $395,000 | $395,000 | $97,000 | $97,000 |
| 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 2024 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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