Cbm Mortgage, Inc. Mortgage Lending & HMDA Data, 2023
In 2023, Cbm Mortgage, Inc. of Front Royal, VA reported 1,301 mortgage applications totaling $377.2 million, down 29% from 2022. The average application was for $289,934, and applicants reported an average income of $106,712. 81% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (605), Washington-Arlington-Alexandria, DC-VA-MD-WV (147) and Myrtle Beach-Conway-North Myrtle Beach, SC-NC (73) (applications in parentheses).
| Mortgage Company & Address | Cbm Mortgage, Inc. 912 Hometown Way Front Royal, VA 22630 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 |
| Total Number of Mortgage Applications | 1,301 |
| Total Mortgage Loan Application Amount | $377,205,000 |
| Average Mortgage Loan Application Amount | $289,934 |
| Highest Mortgage Loan Application Amount | $1,355,000 |
| Average Applicant Income | $106,712 |
| Highest Applicant Income | $4,701,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cbm Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Virginia Beach, Virginia | 124 | $ 40,120,000 | $ 323,548 | $ 109,000 |
| Norfolk, Virginia | 109 | $ 32,665,000 | $ 299,678 | $ 95,000 |
| Chesapeake, Virginia | 87 | $ 29,545,000 | $ 339,597 | $ 110,000 |
| Portsmouth, Virginia | 74 | $ 18,160,000 | $ 245,405 | $ 79,000 |
| Horry, South Carolina | 72 | $ 16,050,000 | $ 222,916 | $ 121,000 |
| Hampton, Virginia | 65 | $ 15,945,000 | $ 245,307 | $ 72,000 |
| Newport News, Virginia | 52 | $ 12,480,000 | $ 240,000 | $ 85,000 |
| Berkeley, West Virginia | 47 | $ 11,765,000 | $ 250,319 | $ 84,000 |
| Warren, Virginia | 45 | $ 12,585,000 | $ 279,666 | $ 105,000 |
| Shenandoah, Virginia | 42 | $ 10,580,000 | $ 251,904 | $ 97,000 |
| Frederick, Virginia | 36 | $ 11,800,000 | $ 327,777 | $ 108,000 |
| Suffolk, Virginia | 36 | $ 12,440,000 | $ 345,555 | $ 112,000 |
| Okaloosa, Florida | 28 | $ 9,320,000 | $ 332,857 | $ 112,000 |
| Jefferson, West Virginia | 27 | $ 8,215,000 | $ 304,259 | $ 137,000 |
| Rockingham, Virginia | 19 | $ 4,365,000 | $ 229,736 | $ 76,000 |
| Prince William, Virginia | 17 | $ 7,035,000 | $ 413,823 | $ 132,000 |
| Washington, Maryland | 16 | $ 3,460,000 | $ 216,250 | $ 112,000 |
| Pasquotank, North Carolina | 15 | $ 3,935,000 | $ 262,333 | $ 89,000 |
| Augusta, Virginia | 15 | $ 3,215,000 | $ 214,333 | $ 72,000 |
| Harrisonburg, Virginia | 13 | $ 3,535,000 | $ 271,923 | $ 467,000 |
| Montgomery, Maryland | 12 | $ 5,010,000 | $ 417,500 | $ 138,000 |
| Currituck, North Carolina | 11 | $ 3,645,000 | $ 331,363 | $ 110,000 |
| York, Virginia | 11 | $ 2,645,000 | $ 240,454 | $ 88,000 |
| Santa Rosa, Florida | 10 | $ 3,710,000 | $ 371,000 | $ 114,000 |
| Franklin, Pennsylvania | 9 | $ 2,165,000 | $ 240,555 | $ 94,000 |
| Isle of Wight, Virginia | 9 | $ 2,725,000 | $ 302,777 | $ 94,000 |
| Page, Virginia | 9 | $ 2,155,000 | $ 239,444 | $ 93,000 |
| Culpeper, Virginia | 8 | $ 2,770,000 | $ 346,250 | $ 110,000 |
| Southampton, Virginia | 8 | $ 1,470,000 | $ 183,750 | $ 89,000 |
| Escambia, Florida | 7 | $ 1,615,000 | $ 230,714 | $ 118,000 |
| Prince George's, Maryland | 7 | $ 2,705,000 | $ 386,428 | $ 105,000 |
| Camden, North Carolina | 7 | $ 2,015,000 | $ 287,857 | $ 101,000 |
| Dare, North Carolina | 7 | $ 3,355,000 | $ 479,285 | $ 194,000 |
| Spotsylvania, Virginia | 7 | $ 3,255,000 | $ 465,000 | $ 133,000 |
| Frederick, Maryland | 6 | $ 1,990,000 | $ 331,666 | $ 94,000 |
| Cumberland, North Carolina | 6 | $ 1,100,000 | $ 183,333 | $ 54,000 |
| Wake, North Carolina | 6 | $ 2,600,000 | $ 433,333 | $ 166,000 |
| Fauquier, Virginia | 6 | $ 2,930,000 | $ 488,333 | $ 142,000 |
| James City, Virginia | 6 | $ 1,830,000 | $ 305,000 | $ 140,000 |
| Madison, Virginia | 5 | $ 1,785,000 | $ 357,000 | $ 99,000 |
| Stafford, Virginia | 5 | $ 2,085,000 | $ 417,000 | $ 129,000 |
| Waynesboro, Virginia | 5 | $ 1,065,000 | $ 213,000 | $ 68,000 |
| Winchester, Virginia | 5 | $ 1,295,000 | $ 259,000 | $ 77,000 |
| Polk, Florida | 4 | $ 910,000 | $ 227,500 | $ 119,000 |
| Allegany, Maryland | 4 | $ 410,000 | $ 102,500 | $ 157,000 |
| Charles, Maryland | 4 | $ 1,950,000 | $ 487,500 | $ 165,000 |
| Cumberland, Pennsylvania | 4 | $ 840,000 | $ 210,000 | $ 74,000 |
| Perry, Pennsylvania | 4 | $ 950,000 | $ 237,500 | $ 85,000 |
| Greenville, South Carolina | 4 | $ 1,880,000 | $ 470,000 | $ 230,000 |
| Alexandria, Virginia | 4 | $ 1,430,000 | $ 357,500 | $ 172,000 |
| Nelson, Virginia | 4 | $ 670,000 | $ 167,500 | $ 101,000 |
| Orange, Virginia | 4 | $ 1,260,000 | $ 315,000 | $ 107,000 |
| Pendleton, West Virginia | 4 | $ 900,000 | $ 225,000 | $ 92,000 |
| Madison, Alabama | 3 | $ 775,000 | $ 258,333 | $ 89,000 |
| District of Columbia, District Of Columbia | 3 | $ 1,755,000 | $ 585,000 | $ 271,000 |
| Chowan, North Carolina | 3 | $ 525,000 | $ 175,000 | $ 79,000 |
| Harnett, North Carolina | 3 | $ 865,000 | $ 288,333 | $ 110,000 |
| Perquimans, North Carolina | 3 | $ 935,000 | $ 311,666 | $ 79,000 |
| Lycoming, Pennsylvania | 3 | $ 295,000 | $ 98,333 | $ 40,000 |
| York, Pennsylvania | 3 | $ 665,000 | $ 221,666 | $ 103,000 |
| Davidson, Tennessee | 3 | $ 755,000 | $ 251,666 | $ 65,000 |
| Williamson, Tennessee | 3 | $ 1,885,000 | $ 628,333 | $ 259,000 |
| Chesterfield, Virginia | 3 | $ 1,025,000 | $ 341,666 | $ 78,000 |
| Fairfax, Virginia | 3 | $ 705,000 | $ 235,000 | $ 246,000 |
| Franklin, Virginia | 3 | $ 475,000 | $ 158,333 | $ 73,000 |
| Gloucester, Virginia | 3 | $ 1,105,000 | $ 368,333 | $ 78,000 |
| Louisa, Virginia | 3 | $ 755,000 | $ 251,666 | $ 78,000 |
| Lynchburg, Virginia | 3 | $ 585,000 | $ 195,000 | $ 93,000 |
| Rappahannock, Virginia | 3 | $ 885,000 | $ 295,000 | $ 80,000 |
| Staunton, Virginia | 3 | $ 835,000 | $ 278,333 | $ 76,000 |
| Hampshire, West Virginia | 3 | $ 835,000 | $ 278,333 | $ 106,000 |
| Morgan, West Virginia | 3 | $ 815,000 | $ 271,666 | $ 104,000 |
| Hillsborough, Florida | 2 | $ 680,000 | $ 340,000 | $ 114,000 |
| Anne Arundel, Maryland | 2 | $ 880,000 | $ 440,000 | $ 227,000 |
| Forsyth, North Carolina | 2 | $ 420,000 | $ 210,000 | $ 55,000 |
| Onslow, North Carolina | 2 | $ 430,000 | $ 215,000 | $ 80,000 |
| Robeson, North Carolina | 2 | $ 440,000 | $ 220,000 | $ 66,000 |
| Dauphin, Pennsylvania | 2 | $ 390,000 | $ 195,000 | $ 62,000 |
| Anderson, South Carolina | 2 | $ 360,000 | $ 180,000 | $ 55,000 |
| Berkeley, South Carolina | 2 | $ 960,000 | $ 480,000 | $ 133,000 |
| Pickens, South Carolina | 2 | $ 180,000 | $ 90,000 | $ 45,000 |
| Robertson, Tennessee | 2 | $ 1,080,000 | $ 540,000 | $ 208,000 |
| Wilson, Tennessee | 2 | $ 520,000 | $ 260,000 | $ 72,000 |
| Albemarle, Virginia | 2 | $ 440,000 | $ 220,000 | $ 68,000 |
| Dinwiddie, Virginia | 2 | $ 220,000 | $ 110,000 | $ 65,000 |
| Fluvanna, Virginia | 2 | $ 500,000 | $ 250,000 | $ 83,000 |
| Henrico, Virginia | 2 | $ 520,000 | $ 260,000 | $ 65,000 |
| New Kent, Virginia | 2 | $ 1,120,000 | $ 560,000 | $ 156,000 |
| Poquoson, Virginia | 2 | $ 820,000 | $ 410,000 | $ 183,000 |
| Richmond City, Virginia | 2 | $ 550,000 | $ 275,000 | $ 137,000 |
| Morgan, Alabama | 1 | $ 355,000 | $ 355,000 | $ 93,000 |
| Bay, Florida | 1 | $ 305,000 | $ 305,000 | $ 85,000 |
| Brevard, Florida | 1 | $ 695,000 | $ 695,000 | $ 171,000 |
| Clay, Florida | 1 | $ 305,000 | $ 305,000 | $ 70,000 |
| Duval, Florida | 1 | $ 415,000 | $ 415,000 | $ 145,000 |
| Flagler, Florida | 1 | $ 465,000 | $ 465,000 | $ 105,000 |
| Marion, Florida | 1 | $ 185,000 | $ 185,000 | $ 57,000 |
| Pasco, Florida | 1 | $ 285,000 | $ 285,000 | $ 84,000 |
| Seminole, Florida | 1 | $ 145,000 | $ 145,000 | $ 87,000 |
| St. Johns, Florida | 1 | $ 225,000 | $ 225,000 | $ 147,000 |
| Volusia, Florida | 1 | $ 615,000 | $ 615,000 | $ 190,000 |
| Bibb, Georgia | 1 | $ 215,000 | $ 215,000 | $ 122,000 |
| Chatham, Georgia | 1 | $ 265,000 | $ 265,000 | $ 139,000 |
| Forsyth, Georgia | 1 | $ 355,000 | $ 355,000 | $ 129,000 |
| Gilmer, Georgia | 1 | $ 335,000 | $ 335,000 | $ 284,000 |
| Baltimore City, Maryland | 1 | $ 135,000 | $ 135,000 | $ 38,000 |
| Calvert, Maryland | 1 | $ 135,000 | $ 135,000 | $ 85,000 |
| Carroll, Maryland | 1 | $ 315,000 | $ 315,000 | $ 74,000 |
| Cecil, Maryland | 1 | $ 275,000 | $ 275,000 | $ 74,000 |
| Garrett, Maryland | 1 | $ 185,000 | $ 185,000 | $ 191,000 |
| Howard, Maryland | 1 | $ 185,000 | $ 185,000 | $ 70,000 |
| Alleghany, North Carolina | 1 | $ 195,000 | $ 195,000 | $ 78,000 |
| Bladen, North Carolina | 1 | $ 85,000 | $ 85,000 | $ 36,000 |
| Brunswick, North Carolina | 1 | $ 155,000 | $ 155,000 | $ 79,000 |
| Franklin, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 134,000 |
| Hoke, North Carolina | 1 | $ 295,000 | $ 295,000 | $ 82,000 |
| Martin, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 41,000 |
| Mecklenburg, North Carolina | 1 | $ 505,000 | $ 505,000 | $ 160,000 |
| Person, North Carolina | 1 | $ 185,000 | $ 185,000 | $ 75,000 |
| Pitt, North Carolina | 1 | $ 255,000 | $ 255,000 | $ 161,000 |
| Scotland, North Carolina | 1 | $ 85,000 | $ 85,000 | $ 32,000 |
| Vance, North Carolina | 1 | $ 245,000 | $ 245,000 | $ 99,000 |
| Washington, North Carolina | 1 | $ 145,000 | $ 145,000 | $ 105,000 |
| Watauga, North Carolina | 1 | $ 515,000 | $ 515,000 | $ 272,000 |
| Wayne, North Carolina | 1 | $ 255,000 | $ 255,000 | $ 66,000 |
| Philadelphia, Pennsylvania | 1 | $ 215,000 | $ 215,000 | $ 117,000 |
| Florence, South Carolina | 1 | $ 125,000 | $ 125,000 | $ 43,000 |
| Shelby, Tennessee | 1 | $ 325,000 | $ 325,000 | $ 118,000 |
| Washington, Tennessee | 1 | $ 525,000 | $ 525,000 | $ 113,000 |
| Bell, Texas | 1 | $ 325,000 | $ 325,000 | $ 142,000 |
| Appomattox, Virginia | 1 | $ 285,000 | $ 285,000 | $ 133,000 |
| Arlington, Virginia | 1 | $ 555,000 | $ 555,000 | $ 210,000 |
| Buckingham, Virginia | 1 | $ 295,000 | $ 295,000 | $ 97,000 |
| Charlottesville, Virginia | 1 | $ 175,000 | $ 175,000 | $ 151,000 |
| Essex, Virginia | 1 | $ 135,000 | $ 135,000 | $ 135,000 |
| Franklin City, Virginia | 1 | $ 375,000 | $ 375,000 | $ 110,000 |
| Greensville, Virginia | 1 | $ 155,000 | $ 155,000 | $ 40,000 |
| Hanover, Virginia | 1 | $ 315,000 | $ 315,000 | $ 120,000 |
| King George, Virginia | 1 | $ 445,000 | $ 445,000 | $ 82,000 |
| Lexington, Virginia | 1 | $ 285,000 | $ 285,000 | $ 60,000 |
| Loudoun, Virginia | 1 | $ 565,000 | $ 565,000 | $ 211,000 |
| Richmond, Virginia | 1 | $ 225,000 | $ 225,000 | $ 75,000 |
| Roanoke City, Virginia | 1 | $ 165,000 | $ 165,000 | $ 50,000 |
| Rockbridge, Virginia | 1 | $ 165,000 | $ 165,000 | $ 58,000 |
| Surry, Virginia | 1 | $ 115,000 | $ 115,000 | $ 47,000 |
| Westmoreland, Virginia | 1 | $ 265,000 | $ 265,000 | $ 78,000 |
| Mineral, West Virginia | 1 | $ 85,000 | $ 85,000 | $ 33,000 |
Mortgage Loan Application Detail Totals for Cbm Mortgage, Inc. in 2023
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 | 1,252 | $363,490,000 | $290,000 | $1,135,000 | $107,000 | $4,701,000 |
| Cash-out Refinancing | 24 | $6,590,000 | $274,000 | $1,355,000 | $90,000 | $227,000 |
| Refinancing | 18 | $6,020,000 | $334,000 | $725,000 | $102,000 | $180,000 |
| Other Purpose | 6 | $970,000 | $161,000 | $285,000 | $123,000 | $216,000 |
| Home Improvement | 1 | $135,000 | $135,000 | $135,000 | $135,000 | $135,000 |
| 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 | 715 | $203,535,000 | $284,000 | $1,355,000 | $106,000 | $542,000 |
| Black or African American | 241 | $67,845,000 | $281,000 | $725,000 | $94,000 | $357,000 |
| Not Provided | 159 | $46,895,000 | $294,000 | $905,000 | $102,000 | $298,000 |
| Hispanic | 138 | $44,780,000 | $324,000 | $955,000 | $135,000 | $4,701,000 |
| Asian | 28 | $8,100,000 | $289,000 | $585,000 | $134,000 | $400,000 |
| American Indian or Alaskan Native | 11 | $3,625,000 | $329,000 | $725,000 | $102,000 | $193,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $510,000 | $255,000 | $305,000 | $43,000 | $87,000 |
| 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) | 554 | $141,460,000 | $255,000 | $955,000 | $124,000 | $4,701,000 |
| VA-guaranteed (Veterans Administration) | 404 | $140,870,000 | $348,000 | $1,355,000 | $99,000 | $296,000 |
| FHA-insured (Federal Housing Administration) | 307 | $86,595,000 | $282,000 | $615,000 | $88,000 | $356,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 36 | $8,280,000 | $230,000 | $345,000 | $74,000 | $118,000 |
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 | 1,054 | $310,430,000 | $294,000 | $1,355,000 | $108,000 | $4,701,000 |
| Application Withdrawn By Applicant | 200 | $55,630,000 | $278,000 | $945,000 | $103,000 | $542,000 |
| Application Denied By Financial Institution | 38 | $8,970,000 | $236,000 | $515,000 | $86,000 | $266,000 |
| Application Approved But Not Accepted | 8 | $1,940,000 | $242,000 | $375,000 | $93,000 | $127,000 |
| File Closed For Incompleteness | 1 | $235,000 | $235,000 | $235,000 | $92,000 | $92,000 |
| 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 | 1,263 | $368,235,000 | $291,000 | $1,355,000 | $107,000 | $4,701,000 |
| Debt-To-Income Ratio | 11 | $3,005,000 | $273,000 | $465,000 | $81,000 | $150,000 |
| Collateral | 9 | $1,605,000 | $178,000 | $255,000 | $73,000 | $156,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,025,000 | $289,000 | $515,000 | $96,000 | $184,000 |
| Unverifiable Information | 4 | $970,000 | $242,000 | $375,000 | $140,000 | $266,000 |
| Credit History | 3 | $515,000 | $171,000 | $295,000 | $71,000 | $84,000 |
| Other | 2 | $480,000 | $240,000 | $285,000 | $72,000 | $98,000 |
| Credit Application Incomplete | 1 | $205,000 | $205,000 | $205,000 | $79,000 | $79,000 |
| Employment History | 1 | $165,000 | $165,000 | $165,000 | $51,000 | $51,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cbm Mortgage, Inc.'s 2023 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 Cbm Mortgage, Inc.'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.
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