Primis Bank Mortgage Lending & HMDA Data, 2020
In 2020, Primis Bank of Glen Allen, VA reported 300 mortgage applications totaling $88.3 million, down 22% from 2019. The average application was for $294,166, and applicants reported an average income of $115,763. 41% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Richmond, VA (97), Virginia Beach-Norfolk-Newport News, VA-NC (86) and Baltimore-Columbia-Towson, MD (23) (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 | 300 |
| Total Mortgage Loan Application Amount | $88,250,000 |
| Average Mortgage Loan Application Amount | $294,166 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $115,763 |
| Highest Applicant Income | $616,000 |
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Act (HMDA) records Primis Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Richmond, VA | 97 | $ 19,125,000 | $ 197,164 | $ 119,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 86 | $ 25,140,000 | $ 292,325 | $ 137,069 |
| Outside any metro area | 42 | $ 5,080,000 | $ 120,952 | $ 86,000 |
| Baltimore-Columbia-Towson, MD | 23 | $ 9,875,000 | $ 429,347 | $ 63,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 20 | $ 8,690,000 | $ 434,500 | $ 115,647 |
| Charleston-North Charleston, SC | 7 | $ 3,755,000 | $ 536,428 | $ 0 |
| Washington-Baltimore-Arlington, DC | 7 | $ 3,705,000 | $ 529,285 | $ 70,000 |
| Charlotte-Concord-Gastonia, NC-SC | 5 | $ 2,355,000 | $ 471,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 1,305,000 | $ 435,000 | $ 0 |
| Charlottesville, VA | 2 | $ 1,490,000 | $ 745,000 | $ 300,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 1,385,000 | $ 1,385,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 635,000 | $ 635,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 2,005,000 | $ 2,005,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 545,000 | $ 545,000 | $ 0 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 615,000 | $ 615,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 2,005,000 | $ 2,005,000 | $ 0 |
| Winchester, VA-WV | 1 | $ 195,000 | $ 195,000 | $ 0 |
Mortgage Loan Application Detail Totals for Primis Bank in 2020
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 | 112 | $40,210,000 | $359,000 | $2,005,000 | $131,000 | $277,000 |
| Refinancing | 107 | $37,845,000 | $353,000 | $1,505,000 | $100,000 | $591,000 |
| Other Purpose | 66 | $8,790,000 | $133,000 | $1,385,000 | $122,000 | $616,000 |
| Home Improvement | 15 | $1,405,000 | $93,000 | $235,000 | $87,000 | $176,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 184 | $75,020,000 | $407,000 | $2,005,000 | $0 | $0 |
| White | 94 | $10,500,000 | $111,000 | $1,005,000 | $107,000 | $591,000 |
| Not Provided | 11 | $1,815,000 | $165,000 | $505,000 | $198,000 | $616,000 |
| Black or African American | 8 | $430,000 | $53,000 | $105,000 | $72,000 | $132,000 |
| Asian | 2 | $430,000 | $215,000 | $215,000 | $46,000 | $60,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 300 | $88,250,000 | $294,000 | $2,005,000 | $112,000 | $616,000 |
| 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 | 123 | $16,655,000 | $135,000 | $1,005,000 | $132,000 | $616,000 |
| Loan Purchased By The Institution | 120 | $65,100,000 | $542,000 | $2,005,000 | $0 | $0 |
| Application Denied By Financial Institution | 42 | $4,440,000 | $105,000 | $405,000 | $93,000 | $280,000 |
| Application Approved But Not Accepted | 9 | $1,395,000 | $155,000 | $335,000 | $59,000 | $96,000 |
| Application Withdrawn By Applicant | 6 | $660,000 | $110,000 | $255,000 | $69,000 | $150,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 300 | $88,250,000 | $294,000 | $2,005,000 | $112,000 | $616,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Primis Bank's 2020 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.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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