Primis Bank Mortgage Lending & HMDA Data, 2017

In 2017, Primis Bank of Glen Allen, VA reported 436 mortgage applications totaling $130.4 million, up 111% from 2016. The average application was for $299,119, and applicants reported an average income of $35,465. 42% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (103), Richmond, VA (85) and Baltimore-Columbia-Towson, MD (56) (applications in parentheses).

Mortgage Company & Address Primis Bank
10900 Nuckols Road Suite 325 Glen Allen
Glen Allen, VA 23060
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  
Total Number of Mortgage Applications 436
Total Mortgage Loan Application Amount $130,416,000
Average Mortgage Loan Application Amount $299,119
Highest Mortgage Loan Application Amount $2,551,000
Average Applicant Income $35,465
Highest Applicant Income $816,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Primis Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Primis Bank by County in 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Northumberland, Virginia 39 $ 2,542,000 $ 65,179 $ 44,000
Virginia Beach, Virginia 29 $ 15,585,000 $ 537,413 $ 1,000
Norfolk, Virginia 18 $ 5,400,000 $ 300,000 $ 4,000
Chesterfield, Virginia 17 $ 3,570,000 $ 210,000 $ 42,000
Hampton, Virginia 17 $ 1,877,000 $ 110,411 $ 1,000
Middlesex, Virginia 15 $ 1,361,000 $ 90,733 $ 119,000
Howard, Maryland 14 $ 8,512,000 $ 608,000 $ 0
Baltimore, Maryland 13 $ 4,401,000 $ 338,538 $ 18,000
Essex, Virginia 12 $ 675,000 $ 56,250 $ 41,000
Henrico, Virginia 12 $ 4,901,000 $ 408,416 $ 107,000
Anne Arundel, Maryland 11 $ 5,811,000 $ 528,272 $ 0
Richmond City, Virginia 11 $ 5,890,000 $ 535,454 $ 2,000
Harford, Maryland 10 $ 3,767,000 $ 376,700 $ 19,000
Hanover, Virginia 10 $ 2,686,000 $ 268,600 $ 34,000
Newport News, Virginia 10 $ 1,196,000 $ 119,600 $ 33,000
Montgomery, Maryland 9 $ 5,689,000 $ 632,111 $ 15,000
Loudoun, Virginia 8 $ 4,798,000 $ 599,750 $ 0
Prince George, Virginia 8 $ 1,587,000 $ 198,375 $ 44,000
Surry, Virginia 8 $ 73,000 $ 9,125 $ 50,000
District of Columbia, District Of Columbia 7 $ 4,419,000 $ 631,285 $ 0
Baltimore City, Maryland 7 $ 1,283,000 $ 183,285 $ 30,000
Chesapeake, Virginia 7 $ 3,374,000 $ 482,000 $ 90,000
Fairfax, Virginia 7 $ 5,883,000 $ 840,428 $ 0
Fauquier, Virginia 7 $ 6,739,000 $ 962,714 $ 0
Sussex, Virginia 7 $ 41,000 $ 5,857 $ 36,000
Allegany, Maryland 6 $ 33,000 $ 5,500 $ 45,000
Wake, North Carolina 6 $ 1,736,000 $ 289,333 $ 19,000
Goochland, Virginia 5 $ 2,337,000 $ 467,400 $ 0
James City, Virginia 5 $ 402,000 $ 80,400 $ 51,000
King and Queen, Virginia 5 $ 312,000 $ 62,400 $ 39,000
King William, Virginia 5 $ 52,000 $ 10,400 $ 63,000
Lancaster, Virginia 5 $ 439,000 $ 87,800 $ 65,000
York, Virginia 5 $ 1,327,000 $ 265,400 $ 43,000
Calvert, Maryland 4 $ 330,000 $ 82,500 $ 43,000
Arlington, Virginia 4 $ 1,990,000 $ 497,500 $ 176,000
Gloucester, Virginia 4 $ 100,000 $ 25,000 $ 192,000
Alleghany, Virginia 3 $ 18,000 $ 6,000 $ 23,000
Poquoson, Virginia 3 $ 489,000 $ 163,000 $ 0
Portsmouth, Virginia 3 $ 564,000 $ 188,000 $ 10,000
Richmond, Virginia 3 $ 28,000 $ 9,333 $ 20,000
Charles, Maryland 2 $ 25,000 $ 12,500 $ 135,000
Frederick, Maryland 2 $ 560,000 $ 280,000 $ 28,000
Garrett, Maryland 2 $ 568,000 $ 284,000 $ 20,000
Prince George's, Maryland 2 $ 1,640,000 $ 820,000 $ 0
Franklin, North Carolina 2 $ 10,000 $ 5,000 $ 35,000
Mecklenburg, North Carolina 2 $ 669,000 $ 334,500 $ 0
Union, North Carolina 2 $ 1,539,000 $ 769,500 $ 0
Charleston, South Carolina 2 $ 1,321,000 $ 660,500 $ 0
Charlottesville, Virginia 2 $ 809,000 $ 404,500 $ 113,000
Dinwiddie, Virginia 2 $ 240,000 $ 120,000 $ 346,000
Hopewell, Virginia 2 $ 119,000 $ 59,500 $ 0
Nelson, Virginia 2 $ 577,000 $ 288,500 $ 0
New Kent, Virginia 2 $ 175,000 $ 87,500 $ 62,000
Prince Edward, Virginia 2 $ 196,000 $ 98,000 $ 0
Westmoreland, Virginia 2 $ 16,000 $ 8,000 $ 33,000
Carroll, Maryland 1 $ 125,000 $ 125,000 $ 0
Chatham, North Carolina 1 $ 625,000 $ 625,000 $ 0
Cumberland, North Carolina 1 $ 4,000 $ 4,000 $ 27,000
Currituck, North Carolina 1 $ 492,000 $ 492,000 $ 0
Dare, North Carolina 1 $ 600,000 $ 600,000 $ 0
Iredell, North Carolina 1 $ 536,000 $ 536,000 $ 0
Lincoln, North Carolina 1 $ 383,000 $ 383,000 $ 0
Moore, North Carolina 1 $ 778,000 $ 778,000 $ 0
Onslow, North Carolina 1 $ 225,000 $ 225,000 $ 0
Pender, North Carolina 1 $ 970,000 $ 970,000 $ 0
Robeson, North Carolina 1 $ 312,000 $ 312,000 $ 0
Chester, Pennsylvania 1 $ 956,000 $ 956,000 $ 0
Beaufort, South Carolina 1 $ 464,000 $ 464,000 $ 0
Dorchester, South Carolina 1 $ 5,000 $ 5,000 $ 55,000
Saluda, South Carolina 1 $ 256,000 $ 256,000 $ 0
Albemarle, Virginia 1 $ 500,000 $ 500,000 $ 0
Caroline, Virginia 1 $ 600,000 $ 600,000 $ 480,000
Charles City, Virginia 1 $ 270,000 $ 270,000 $ 148,000
Colonial Heights, Virginia 1 $ 20,000 $ 20,000 $ 134,000
Culpeper, Virginia 1 $ 50,000 $ 50,000 $ 180,000
Isle of Wight, Virginia 1 $ 200,000 $ 200,000 $ 131,000
Louisa, Virginia 1 $ 82,000 $ 82,000 $ 0
Lunenburg, Virginia 1 $ 42,000 $ 42,000 $ 137,000
Petersburg, Virginia 1 $ 351,000 $ 351,000 $ 0
Shenandoah, Virginia 1 $ 440,000 $ 440,000 $ 28,000
Warren, Virginia 1 $ 15,000 $ 15,000 $ 21,000
Harrison, West Virginia 1 $ 434,000 $ 434,000 $ 0

Mortgage Loan Application Detail Totals for Primis Bank in 2017

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 226 $80,671,000 $356,000 $2,551,000 $23,000 $816,000
Home Improvement 115 $2,651,000 $23,000 $690,000 $62,000 $475,000
Refinancing 95 $47,094,000 $495,000 $1,251,000 $33,000 $509,000

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
Not applicable 254 $119,074,000 $468,000 $2,551,000 $0 $0
White 98 $6,572,000 $67,000 $800,000 $102,000 $816,000
Black or African American 60 $1,096,000 $18,000 $670,000 $44,000 $203,000
Not Provided 18 $3,276,000 $182,000 $1,320,000 $134,000 $509,000
Asian 3 $110,000 $36,000 $55,000 $95,000 $180,000
American Indian or Alaskan Native 2 $280,000 $140,000 $270,000 $116,000 $148,000
Hispanic 1 $8,000 $8,000 $8,000 $50,000 $50,000
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) 436 $130,416,000 $299,000 $2,551,000 $36,000 $816,000
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 185 $20,458,000 $110,000 $1,320,000 $62,000 $816,000
Loan Purchased By The Institution 184 $104,842,000 $569,000 $2,551,000 $0 $0
Application Denied By Financial Institution 54 $2,123,000 $39,000 $670,000 $53,000 $180,000
Application Withdrawn By Applicant 8 $2,720,000 $340,000 $650,000 $150,000 $480,000
Application Approved But Not Accepted 4 $263,000 $65,000 $170,000 $16,000 $34,000
File Closed For Incompleteness 1 $10,000 $10,000 $10,000 $12,000 $12,000
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
Debt-To-Income Ratio 27 $371,000 $13,000 $55,000 $54,000 $180,000
Credit History 22 $1,210,000 $55,000 $670,000 $54,000 $170,000
Other 5 $542,000 $108,000 $452,000 $45,000 $107,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Primis Bank's 2017 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 Primis Bank'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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