Stellarone Bank Mortgage Lending & HMDA Data, 2012
In 2012, Stellarone Bank of Richmond, VA reported 2,774 mortgage applications totaling $465.9 million, down 27% from 2011. The average application was for $167,961, and applicants reported an average income of $79,731. 73% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Roanoke, VA (537), Blacksburg-Christiansburg-Radford, VA (500) and Lynchburg, VA (262) (applications in parentheses).
| Mortgage Company & Address | Stellarone Bank 1051 East Cary Street, Suite 1200 Richmond, VA 23219 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 2,774 |
| Total Mortgage Loan Application Amount | $465,925,000 |
| Average Mortgage Loan Application Amount | $167,961 |
| Highest Mortgage Loan Application Amount | $3,030,000 |
| Average Applicant Income | $79,731 |
| Highest Applicant Income | $1,405,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stellarone Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Montgomery, Virginia | 279 | $ 41,747,000 | $ 149,630 | $ 69,000 |
| Roanoke, Virginia | 215 | $ 35,610,000 | $ 165,627 | $ 81,000 |
| Bedford, Virginia | 171 | $ 25,395,000 | $ 148,508 | $ 75,000 |
| Pulaski, Virginia | 140 | $ 13,658,000 | $ 97,557 | $ 54,000 |
| Roanoke City, Virginia | 138 | $ 21,806,000 | $ 158,014 | $ 77,000 |
| Augusta, Virginia | 134 | $ 15,672,000 | $ 116,955 | $ 61,000 |
| Culpeper, Virginia | 131 | $ 20,191,000 | $ 154,129 | $ 85,000 |
| Spotsylvania, Virginia | 105 | $ 27,497,000 | $ 261,876 | $ 116,000 |
| Madison, Virginia | 84 | $ 9,173,000 | $ 109,202 | $ 65,000 |
| Floyd, Virginia | 81 | $ 9,589,000 | $ 118,382 | $ 57,000 |
| Albemarle, Virginia | 75 | $ 21,744,000 | $ 289,920 | $ 114,000 |
| Franklin, Virginia | 69 | $ 9,760,000 | $ 141,449 | $ 78,000 |
| Salem, Virginia | 56 | $ 7,354,000 | $ 131,321 | $ 78,000 |
| Orange, Virginia | 55 | $ 8,165,000 | $ 148,454 | $ 72,000 |
| Staunton, Virginia | 55 | $ 6,927,000 | $ 125,945 | $ 66,000 |
| Botetourt, Virginia | 54 | $ 11,092,000 | $ 205,407 | $ 76,000 |
| Caroline, Virginia | 45 | $ 5,921,000 | $ 131,577 | $ 61,000 |
| Rockingham, Virginia | 43 | $ 8,495,000 | $ 197,558 | $ 106,000 |
| Giles, Virginia | 41 | $ 4,019,000 | $ 98,024 | $ 49,000 |
| Radford, Virginia | 40 | $ 7,878,000 | $ 196,950 | $ 69,000 |
| Greenville, South Carolina | 38 | $ 7,065,000 | $ 185,921 | $ 79,000 |
| Wythe, Virginia | 38 | $ 3,468,000 | $ 91,263 | $ 66,000 |
| Charlottesville, Virginia | 36 | $ 6,827,000 | $ 189,638 | $ 88,000 |
| Campbell, Virginia | 34 | $ 4,340,000 | $ 127,647 | $ 51,000 |
| Stafford, Virginia | 34 | $ 9,657,000 | $ 284,029 | $ 96,000 |
| Waynesboro, Virginia | 31 | $ 4,812,000 | $ 155,225 | $ 76,000 |
| Lynchburg, Virginia | 24 | $ 4,081,000 | $ 170,041 | $ 47,000 |
| Rockbridge, Virginia | 22 | $ 2,508,000 | $ 114,000 | $ 62,000 |
| Virginia Beach, Virginia | 22 | $ 5,628,000 | $ 255,818 | $ 104,000 |
| Bedford City, Virginia | 20 | $ 3,561,000 | $ 178,050 | $ 75,000 |
| Buena Vista, Virginia | 20 | $ 1,788,000 | $ 89,400 | $ 54,000 |
| Henrico, Virginia | 19 | $ 4,086,000 | $ 215,052 | $ 133,000 |
| Harrisonburg, Virginia | 18 | $ 2,653,000 | $ 147,388 | $ 144,000 |
| Hanover, Virginia | 17 | $ 4,785,000 | $ 281,470 | $ 91,000 |
| Richmond City, Virginia | 17 | $ 2,841,000 | $ 167,117 | $ 127,000 |
| Fredericksburg, Virginia | 16 | $ 3,912,000 | $ 244,500 | $ 68,000 |
| Louisa, Virginia | 16 | $ 2,887,000 | $ 180,437 | $ 72,000 |
| Chesterfield, Virginia | 14 | $ 4,686,000 | $ 334,714 | $ 138,000 |
| Oconee, South Carolina | 12 | $ 2,145,000 | $ 178,750 | $ 79,000 |
| Fluvanna, Virginia | 12 | $ 2,681,000 | $ 223,416 | $ 69,000 |
| Greene, Virginia | 12 | $ 1,724,000 | $ 143,666 | $ 72,000 |
| Chatham, Georgia | 10 | $ 5,440,000 | $ 544,000 | $ 409,000 |
| Alleghany, Virginia | 10 | $ 991,000 | $ 99,100 | $ 48,000 |
| Rappahannock, Virginia | 10 | $ 2,198,000 | $ 219,800 | $ 135,000 |
| Amherst, Virginia | 9 | $ 1,104,000 | $ 122,666 | $ 67,000 |
| Fairfax, Virginia | 9 | $ 5,494,000 | $ 610,444 | $ 176,000 |
| Fauquier, Virginia | 8 | $ 2,379,000 | $ 297,375 | $ 123,000 |
| Goochland, Virginia | 8 | $ 3,057,000 | $ 382,125 | $ 181,000 |
| Prince William, Virginia | 8 | $ 2,896,000 | $ 362,000 | $ 196,000 |
| Lexington, South Carolina | 7 | $ 1,370,000 | $ 195,714 | $ 74,000 |
| Pickens, South Carolina | 7 | $ 1,075,000 | $ 153,571 | $ 76,000 |
| Spartanburg, South Carolina | 7 | $ 1,107,000 | $ 158,142 | $ 73,000 |
| Bland, Virginia | 7 | $ 131,000 | $ 18,714 | $ 46,000 |
| Carroll, Virginia | 7 | $ 1,543,000 | $ 220,428 | $ 50,000 |
| Covington, Virginia | 7 | $ 264,000 | $ 37,714 | $ 46,000 |
| King George, Virginia | 7 | $ 2,046,000 | $ 292,285 | $ 105,000 |
| Richland, South Carolina | 6 | $ 974,000 | $ 162,333 | $ 56,000 |
| Chesapeake, Virginia | 6 | $ 1,957,000 | $ 326,166 | $ 68,000 |
| Shenandoah, Virginia | 6 | $ 349,000 | $ 58,166 | $ 37,000 |
| Tazewell, Virginia | 6 | $ 822,000 | $ 137,000 | $ 67,000 |
| Craig, Virginia | 5 | $ 1,202,000 | $ 240,400 | $ 99,000 |
| Nelson, Virginia | 5 | $ 1,356,000 | $ 271,200 | $ 134,000 |
| Anderson, South Carolina | 4 | $ 649,000 | $ 162,250 | $ 84,000 |
| Appomattox, Virginia | 4 | $ 874,000 | $ 218,500 | $ 77,000 |
| Norfolk, Virginia | 4 | $ 1,888,000 | $ 472,000 | $ 13,000 |
| Pittsylvania, Virginia | 4 | $ 780,000 | $ 195,000 | $ 65,000 |
| Currituck, North Carolina | 3 | $ 1,194,000 | $ 398,000 | $ 203,000 |
| Dare, North Carolina | 3 | $ 994,000 | $ 331,333 | $ 195,000 |
| Wake, North Carolina | 3 | $ 1,260,000 | $ 420,000 | $ 115,000 |
| Horry, South Carolina | 3 | $ 703,000 | $ 234,333 | $ 118,000 |
| Arlington, Virginia | 3 | $ 1,607,000 | $ 535,666 | $ 220,000 |
| Fairfax City, Virginia | 3 | $ 1,054,000 | $ 351,333 | $ 136,000 |
| Patrick, Virginia | 3 | $ 636,000 | $ 212,000 | $ 68,000 |
| Towns, Georgia | 2 | $ 302,000 | $ 151,000 | $ 59,000 |
| Iredell, North Carolina | 2 | $ 408,000 | $ 204,000 | $ 88,000 |
| Moore, North Carolina | 2 | $ 548,000 | $ 274,000 | $ 137,000 |
| Orange, North Carolina | 2 | $ 978,000 | $ 489,000 | $ 358,000 |
| Aiken, South Carolina | 2 | $ 307,000 | $ 153,500 | $ 77,000 |
| Dillon, South Carolina | 2 | $ 219,000 | $ 109,500 | $ 65,000 |
| Greenwood, South Carolina | 2 | $ 168,000 | $ 84,000 | $ 61,000 |
| York, South Carolina | 2 | $ 343,000 | $ 171,500 | $ 96,000 |
| Accomack, Virginia | 2 | $ 246,000 | $ 123,000 | $ 161,000 |
| Dinwiddie, Virginia | 2 | $ 290,000 | $ 145,000 | $ 63,000 |
| Henry, Virginia | 2 | $ 139,000 | $ 69,500 | $ 37,000 |
| Lexington, Virginia | 2 | $ 430,000 | $ 215,000 | $ 89,000 |
| Loudoun, Virginia | 2 | $ 551,000 | $ 275,500 | $ 80,000 |
| New Kent, Virginia | 2 | $ 451,000 | $ 225,500 | $ 130,000 |
| Newport News, Virginia | 2 | $ 260,000 | $ 130,000 | $ 69,000 |
| Page, Virginia | 2 | $ 188,000 | $ 94,000 | $ 33,000 |
| Powhatan, Virginia | 2 | $ 727,000 | $ 363,500 | $ 237,000 |
| Prince Edward, Virginia | 2 | $ 995,000 | $ 497,500 | $ 62,000 |
| Russell, Virginia | 2 | $ 264,000 | $ 132,000 | $ 38,000 |
| Suffolk, Virginia | 2 | $ 461,000 | $ 230,500 | $ 107,000 |
| Westmoreland, Virginia | 2 | $ 261,000 | $ 130,500 | $ 47,000 |
| Raleigh, West Virginia | 2 | $ 63,000 | $ 31,500 | $ 75,000 |
| San Diego, California | 1 | $ 423,000 | $ 423,000 | $ 0 |
| St. Lucie, Florida | 1 | $ 80,000 | $ 80,000 | $ 166,000 |
| Sumter, Florida | 1 | $ 338,000 | $ 338,000 | $ 242,000 |
| Bibb, Georgia | 1 | $ 208,000 | $ 208,000 | $ 133,000 |
| Glynn, Georgia | 1 | $ 134,000 | $ 134,000 | $ 48,000 |
| Hart, Georgia | 1 | $ 151,000 | $ 151,000 | $ 38,000 |
| Burlington, New Jersey | 1 | $ 5,000 | $ 5,000 | $ 25,000 |
| Brunswick, North Carolina | 1 | $ 218,000 | $ 218,000 | $ 129,000 |
| Buncombe, North Carolina | 1 | $ 135,000 | $ 135,000 | $ 40,000 |
| Cabarrus, North Carolina | 1 | $ 328,000 | $ 328,000 | $ 57,000 |
| Craven, North Carolina | 1 | $ 192,000 | $ 192,000 | $ 48,000 |
| Gaston, North Carolina | 1 | $ 127,000 | $ 127,000 | $ 161,000 |
| Henderson, North Carolina | 1 | $ 507,000 | $ 507,000 | $ 190,000 |
| Lincoln, North Carolina | 1 | $ 171,000 | $ 171,000 | $ 58,000 |
| Mecklenburg, North Carolina | 1 | $ 181,000 | $ 181,000 | $ 74,000 |
| Onslow, North Carolina | 1 | $ 196,000 | $ 196,000 | $ 150,000 |
| Rowan, North Carolina | 1 | $ 208,000 | $ 208,000 | $ 82,000 |
| Union, North Carolina | 1 | $ 190,000 | $ 190,000 | $ 109,000 |
| Abbeville, South Carolina | 1 | $ 199,000 | $ 199,000 | $ 77,000 |
| Beaufort, South Carolina | 1 | $ 345,000 | $ 345,000 | $ 165,000 |
| Charleston, South Carolina | 1 | $ 104,000 | $ 104,000 | $ 21,000 |
| Chesterfield, South Carolina | 1 | $ 121,000 | $ 121,000 | $ 51,000 |
| Dorchester, South Carolina | 1 | $ 200,000 | $ 200,000 | $ 73,000 |
| Kershaw, South Carolina | 1 | $ 122,000 | $ 122,000 | $ 55,000 |
| Laurens, South Carolina | 1 | $ 55,000 | $ 55,000 | $ 135,000 |
| Orangeburg, South Carolina | 1 | $ 143,000 | $ 143,000 | $ 56,000 |
| Saluda, South Carolina | 1 | $ 155,000 | $ 155,000 | $ 44,000 |
| Davidson, Tennessee | 1 | $ 158,000 | $ 158,000 | $ 64,000 |
| Hamilton, Tennessee | 1 | $ 99,000 | $ 99,000 | $ 56,000 |
| Sullivan, Tennessee | 1 | $ 268,000 | $ 268,000 | $ 144,000 |
| Alexandria, Virginia | 1 | $ 126,000 | $ 126,000 | $ 201,000 |
| Bath, Virginia | 1 | $ 142,000 | $ 142,000 | $ 42,000 |
| Brunswick, Virginia | 1 | $ 5,000 | $ 5,000 | $ 30,000 |
| Buckingham, Virginia | 1 | $ 3,000 | $ 3,000 | $ 38,000 |
| Charlotte, Virginia | 1 | $ 175,000 | $ 175,000 | $ 76,000 |
| Cumberland, Virginia | 1 | $ 97,000 | $ 97,000 | $ 90,000 |
| Danville, Virginia | 1 | $ 174,000 | $ 174,000 | $ 43,000 |
| Essex, Virginia | 1 | $ 152,000 | $ 152,000 | $ 32,000 |
| Galax, Virginia | 1 | $ 64,000 | $ 64,000 | $ 12,000 |
| Hampton, Virginia | 1 | $ 3,000 | $ 3,000 | $ 31,000 |
| Highland, Virginia | 1 | $ 51,000 | $ 51,000 | $ 27,000 |
| Hopewell, Virginia | 1 | $ 99,000 | $ 99,000 | $ 31,000 |
| King William, Virginia | 1 | $ 387,000 | $ 387,000 | $ 171,000 |
| Lancaster, Virginia | 1 | $ 417,000 | $ 417,000 | $ 403,000 |
| Manassas, Virginia | 1 | $ 241,000 | $ 241,000 | $ 48,000 |
| Mathews, Virginia | 1 | $ 188,000 | $ 188,000 | $ 94,000 |
| Middlesex, Virginia | 1 | $ 416,000 | $ 416,000 | $ 460,000 |
| Northumberland, Virginia | 1 | $ 360,000 | $ 360,000 | $ 107,000 |
| Portsmouth, Virginia | 1 | $ 459,000 | $ 459,000 | $ 0 |
| Warren, Virginia | 1 | $ 146,000 | $ 146,000 | $ 47,000 |
| York, Virginia | 1 | $ 181,000 | $ 181,000 | $ 55,000 |
| Pierce, Washington | 1 | $ 241,000 | $ 241,000 | $ 0 |
| Kanawha, West Virginia | 1 | $ 132,000 | $ 132,000 | $ 33,000 |
| Mercer, West Virginia | 1 | $ 49,000 | $ 49,000 | $ 36,000 |
| Randolph, West Virginia | 1 | $ 35,000 | $ 35,000 | $ 19,000 |
Mortgage Loan Application Detail Totals for Stellarone Bank in 2012
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 | 1,340 | $243,698,000 | $181,000 | $3,030,000 | $87,000 | $1,405,000 |
| Home Purchase | 1,029 | $204,193,000 | $198,000 | $1,512,000 | $80,000 | $665,000 |
| Home Improvement | 405 | $18,034,000 | $44,000 | $750,000 | $55,000 | $364,000 |
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 | 2,405 | $395,327,000 | $164,000 | $1,652,000 | $82,000 | $1,405,000 |
| Black or African American | 109 | $12,829,000 | $117,000 | $707,000 | $62,000 | $348,000 |
| Not applicable | 93 | $29,347,000 | $315,000 | $3,030,000 | $29,000 | $601,000 |
| Not Provided | 92 | $12,202,000 | $132,000 | $1,512,000 | $87,000 | $540,000 |
| Hispanic | 44 | $9,134,000 | $207,000 | $990,000 | $79,000 | $371,000 |
| Asian | 26 | $6,433,000 | $247,000 | $665,000 | $124,000 | $665,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $345,000 | $115,000 | $143,000 | $142,000 | $336,000 |
| American Indian or Alaskan Native | 2 | $308,000 | $154,000 | $275,000 | $46,000 | $75,000 |
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) | 2,227 | $368,420,000 | $165,000 | $3,030,000 | $86,000 | $1,405,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 229 | $32,488,000 | $141,000 | $318,000 | $43,000 | $114,000 |
| FHA-insured (Federal Housing Administration) | 216 | $38,782,000 | $179,000 | $680,000 | $63,000 | $321,000 |
| VA-guaranteed (Veterans Administration) | 102 | $26,235,000 | $257,000 | $840,000 | $73,000 | $368,000 |
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 | 2,034 | $369,297,000 | $181,000 | $3,030,000 | $84,000 | $1,405,000 |
| Application Denied By Financial Institution | 396 | $33,155,000 | $83,000 | $580,000 | $56,000 | $665,000 |
| Application Withdrawn By Applicant | 150 | $33,328,000 | $222,000 | $1,000,000 | $92,000 | $540,000 |
| Application Approved But Not Accepted | 113 | $13,586,000 | $120,000 | $417,000 | $72,000 | $313,000 |
| File Closed For Incompleteness | 55 | $11,213,000 | $203,000 | $1,512,000 | $84,000 | $371,000 |
| Loan Purchased By The Institution | 26 | $5,346,000 | $205,000 | $721,000 | $105,000 | $601,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 248 | $10,676,000 | $43,000 | $423,000 | $48,000 | $362,000 |
| Collateral | 57 | $8,111,000 | $142,000 | $467,000 | $73,000 | $286,000 |
| Debt-To-Income Ratio | 54 | $8,664,000 | $160,000 | $580,000 | $53,000 | $204,000 |
| Other | 16 | $3,217,000 | $201,000 | $397,000 | $126,000 | $665,000 |
| Employment History | 10 | $1,212,000 | $121,000 | $168,000 | $26,000 | $68,000 |
| Unverifiable Information | 7 | $682,000 | $97,000 | $150,000 | $65,000 | $134,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $375,000 | $125,000 | $233,000 | $75,000 | $107,000 |
| Credit Application Incomplete | 1 | $218,000 | $218,000 | $218,000 | $105,000 | $105,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stellarone Bank's 2012 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 Stellarone 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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