Burke & Herbert Bk & Tr Co Mortgage Lending & HMDA Data, 2014
In 2014, Burke & Herbert Bk & Tr Co of Alexandria, VA reported 419 mortgage applications totaling $162.0 million, down 46% from 2013. The average application was for $386,739, and applicants reported an average income of $190,618. 70% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (385), Silver Spring-Frederick-Rockville, MD (6) and Salisbury, MD-DE (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 | 419 |
| Total Mortgage Loan Application Amount | $162,044,000 |
| Average Mortgage Loan Application Amount | $386,739 |
| Highest Mortgage Loan Application Amount | $4,600,000 |
| Average Applicant Income | $190,618 |
| Highest Applicant Income | $2,357,000 |
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records Burke & Herbert Bk & Tr Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Burke & Herbert Bk & Tr Co in 2014
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 | 179 | $73,945,000 | $413,000 | $4,600,000 | $237,000 | $1,800,000 |
| Home Purchase | 166 | $65,288,000 | $393,000 | $3,440,000 | $144,000 | $1,024,000 |
| Home Improvement | 74 | $22,811,000 | $308,000 | $3,300,000 | $183,000 | $2,357,000 |
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 | 289 | $110,904,000 | $383,000 | $3,300,000 | $234,000 | $2,357,000 |
| Not applicable | 56 | $28,047,000 | $500,000 | $4,600,000 | $0 | $0 |
| Asian | 19 | $7,150,000 | $376,000 | $955,000 | $175,000 | $670,000 |
| Hispanic | 19 | $4,990,000 | $262,000 | $716,000 | $161,000 | $789,000 |
| Black or African American | 18 | $4,674,000 | $259,000 | $774,000 | $143,000 | $565,000 |
| Not Provided | 14 | $5,096,000 | $364,000 | $1,500,000 | $207,000 | $592,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,183,000 | $295,000 | $650,000 | $113,000 | $161,000 |
| 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) | 418 | $161,839,000 | $387,000 | $4,600,000 | $191,000 | $2,357,000 |
| VA-guaranteed (Veterans Administration) | 1 | $205,000 | $205,000 | $205,000 | $46,000 | $46,000 |
| 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 |
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 | 293 | $113,374,000 | $386,000 | $4,600,000 | $199,000 | $2,357,000 |
| Application Withdrawn By Applicant | 62 | $26,617,000 | $429,000 | $1,550,000 | $207,000 | $1,800,000 |
| Application Denied By Financial Institution | 44 | $13,653,000 | $310,000 | $975,000 | $130,000 | $1,614,000 |
| Application Approved But Not Accepted | 16 | $6,858,000 | $428,000 | $1,500,000 | $161,000 | $364,000 |
| File Closed For Incompleteness | 4 | $1,542,000 | $385,000 | $625,000 | $121,000 | $236,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 17 | $4,923,000 | $289,000 | $700,000 | $107,000 | $250,000 |
| Debt-To-Income Ratio | 11 | $2,359,000 | $214,000 | $386,000 | $69,000 | $156,000 |
| Collateral | 7 | $3,274,000 | $467,000 | $975,000 | $335,000 | $1,614,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,419,000 | $345,000 | $744,000 | $87,000 | $152,000 |
| Other | 1 | $148,000 | $148,000 | $148,000 | $47,000 | $47,000 |
| Employment History | 1 | $530,000 | $530,000 | $530,000 | $119,000 | $119,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2014 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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