Burke & Herbert Mortgage Co. Mortgage Lending & HMDA Data, 2004
In 2004, Burke & Herbert Mortgage Co. of Alexandria, VA reported 86 mortgage applications totaling $21.3 million. The average application was for $247,104, and applicants reported an average income of $126,279. 69% of its applications resulted in an originated loan and 22% were denied. Its largest market was Virginia Beach-Norfolk-Newport News, VA-NC (1).
| Mortgage Company & Address | Burke & Herbert Mortgage Co. 118 S. Fairfax Street Alexandria, VA 22314 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 |
| Total Number of Mortgage Applications | 86 |
| Total Mortgage Loan Application Amount | $21,251,000 |
| Average Mortgage Loan Application Amount | $247,104 |
| Highest Mortgage Loan Application Amount | $1,130,000 |
| Average Applicant Income | $126,279 |
| Highest Applicant Income | $996,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Burke & Herbert Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 50,000 | $ 50,000 | $ 159,000 |
Mortgage Loan Application Detail Totals for Burke & Herbert Mortgage Co. in 2004
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 | 58 | $14,701,000 | $187,000 | $1,130,000 | $91,000 | $631,000 |
| Home Purchase | 24 | $6,276,000 | $195,500 | $1,000,000 | $152,500 | $996,000 |
| Home Improvement | 4 | $274,000 | $68,000 | $150,000 | $121,000 | $188,000 |
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 | 61 | $16,731,000 | $213,000 | $1,130,000 | $202,500 | $996,000 |
| Black or African American | 15 | $2,640,000 | $153,500 | $525,000 | $80,500 | $550,000 |
| Hispanic | 4 | $1,029,000 | $257,000 | $375,000 | $157,000 | $298,000 |
| Asian | 4 | $486,000 | $121,000 | $270,000 | $63,000 | $90,000 |
| Not Provided | 2 | $365,000 | $182,000 | $280,000 | $70,000 | $75,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 86 | $21,251,000 | $185,000 | $1,130,000 | $120,000 | $996,000 |
| 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 |
| 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 | 59 | $13,460,000 | $171,500 | $1,130,000 | $165,000 | $996,000 |
| Application Denied By Financial Institution | 19 | $5,845,000 | $202,500 | $1,000,000 | $92,000 | $602,000 |
| Application Withdrawn By Applicant | 7 | $1,867,000 | $223,500 | $480,000 | $46,500 | $129,000 |
| Application Approved But Not Accepted | 1 | $79,000 | $79,000 | $79,000 | $58,000 | $58,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Burke & Herbert Mortgage Co.'s 2004 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 Mortgage 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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