Union Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Union Bank & Trust of Richmond, VA reported 1,329 mortgage applications totaling $241.3 million, up 19% from 2016. The average application was for $181,579, and applicants reported an average income of $42,203. 60% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Richmond, VA (401), Washington-Arlington-Alexandria, DC-VA-MD-WV (217) and Virginia Beach-Norfolk-Newport News, VA-NC (191) (applications in parentheses).
| Mortgage Company & Address | Union Bank & Trust 1051 East Cary Street, Suite 1200 Richmond, VA 23219 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,329 |
| Total Mortgage Loan Application Amount | $241,319,000 |
| Average Mortgage Loan Application Amount | $181,579 |
| Highest Mortgage Loan Application Amount | $8,385,000 |
| Average Applicant Income | $42,203 |
| Highest Applicant Income | $1,762,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Henrico, Virginia | 140 | $ 23,376,000 | $ 166,971 | $ 33,000 |
| Richmond City, Virginia | 106 | $ 29,856,000 | $ 281,660 | $ 21,000 |
| Spotsylvania, Virginia | 58 | $ 5,496,000 | $ 94,758 | $ 43,000 |
| Chesterfield, Virginia | 56 | $ 8,584,000 | $ 153,285 | $ 43,000 |
| Montgomery, Virginia | 43 | $ 3,602,000 | $ 83,767 | $ 35,000 |
| Augusta, Virginia | 37 | $ 3,823,000 | $ 103,324 | $ 52,000 |
| Hampton, Virginia | 35 | $ 3,308,000 | $ 94,514 | $ 9,000 |
| Caroline, Virginia | 34 | $ 1,537,000 | $ 45,205 | $ 59,000 |
| Virginia Beach, Virginia | 32 | $ 10,494,000 | $ 327,937 | $ 28,000 |
| Newport News, Virginia | 31 | $ 5,719,000 | $ 184,483 | $ 7,000 |
| Culpeper, Virginia | 29 | $ 10,473,000 | $ 361,137 | $ 71,000 |
| Hanover, Virginia | 29 | $ 5,117,000 | $ 176,448 | $ 62,000 |
| Madison, Virginia | 29 | $ 2,505,000 | $ 86,379 | $ 57,000 |
| James City, Virginia | 27 | $ 4,310,000 | $ 159,629 | $ 22,000 |
| Pulaski, Virginia | 27 | $ 1,159,000 | $ 42,925 | $ 41,000 |
| Stafford, Virginia | 26 | $ 5,829,000 | $ 224,192 | $ 42,000 |
| Bedford, Virginia | 22 | $ 2,313,000 | $ 105,136 | $ 87,000 |
| Westmoreland, Virginia | 22 | $ 1,375,000 | $ 62,500 | $ 54,000 |
| Roanoke City, Virginia | 20 | $ 3,091,000 | $ 154,550 | $ 18,000 |
| Warren, Virginia | 19 | $ 2,599,000 | $ 136,789 | $ 29,000 |
| Fredericksburg, Virginia | 17 | $ 6,356,000 | $ 373,882 | $ 33,000 |
| Norfolk, Virginia | 17 | $ 10,790,000 | $ 634,705 | $ 7,000 |
| Albemarle, Virginia | 16 | $ 2,642,000 | $ 165,125 | $ 139,000 |
| Rockingham, Virginia | 16 | $ 1,309,000 | $ 81,812 | $ 65,000 |
| York, Virginia | 16 | $ 2,416,000 | $ 151,000 | $ 112,000 |
| Fauquier, Virginia | 15 | $ 3,866,000 | $ 257,733 | $ 34,000 |
| Orange, Virginia | 15 | $ 725,000 | $ 48,333 | $ 52,000 |
| Essex, Virginia | 14 | $ 1,062,000 | $ 75,857 | $ 92,000 |
| Rappahannock, Virginia | 14 | $ 4,536,000 | $ 324,000 | $ 25,000 |
| Roanoke, Virginia | 14 | $ 1,769,000 | $ 126,357 | $ 16,000 |
| Franklin, Virginia | 13 | $ 1,522,000 | $ 117,076 | $ 48,000 |
| Harrisonburg, Virginia | 13 | $ 1,185,000 | $ 91,153 | $ 104,000 |
| Lynchburg, Virginia | 13 | $ 789,000 | $ 60,692 | $ 57,000 |
| Rockbridge, Virginia | 13 | $ 1,450,000 | $ 111,538 | $ 79,000 |
| Lancaster, Virginia | 12 | $ 466,000 | $ 38,833 | $ 38,000 |
| Staunton, Virginia | 12 | $ 627,000 | $ 52,250 | $ 74,000 |
| Chesapeake, Virginia | 11 | $ 1,449,000 | $ 131,727 | $ 35,000 |
| Fairfax, Virginia | 11 | $ 3,500,000 | $ 318,181 | $ 5,000 |
| King George, Virginia | 10 | $ 1,067,000 | $ 106,700 | $ 117,000 |
| Waynesboro, Virginia | 10 | $ 3,595,000 | $ 359,500 | $ 61,000 |
| Prince George's, Maryland | 9 | $ 1,156,000 | $ 128,444 | $ 0 |
| Floyd, Virginia | 9 | $ 797,000 | $ 88,555 | $ 61,000 |
| Giles, Virginia | 9 | $ 180,000 | $ 20,000 | $ 37,000 |
| King William, Virginia | 9 | $ 1,580,000 | $ 175,555 | $ 25,000 |
| Campbell, Virginia | 8 | $ 1,043,000 | $ 130,375 | $ 58,000 |
| Nelson, Virginia | 8 | $ 1,458,000 | $ 182,250 | $ 61,000 |
| Prince William, Virginia | 8 | $ 2,148,000 | $ 268,500 | $ 59,000 |
| Richmond, Virginia | 8 | $ 628,000 | $ 78,500 | $ 54,000 |
| Radford, Virginia | 7 | $ 113,000 | $ 16,142 | $ 66,000 |
| Salem, Virginia | 7 | $ 1,691,000 | $ 241,571 | $ 28,000 |
| Buena Vista, Virginia | 6 | $ 320,000 | $ 53,333 | $ 44,000 |
| Charlottesville, Virginia | 6 | $ 3,589,000 | $ 598,166 | $ 17,000 |
| Colonial Heights, Virginia | 6 | $ 225,000 | $ 37,500 | $ 30,000 |
| Powhatan, Virginia | 6 | $ 2,629,000 | $ 438,166 | $ 30,000 |
| Shenandoah, Virginia | 6 | $ 904,000 | $ 150,666 | $ 33,000 |
| Wythe, Virginia | 6 | $ 123,000 | $ 20,500 | $ 47,000 |
| Covington, Virginia | 5 | $ 200,000 | $ 40,000 | $ 56,000 |
| New Kent, Virginia | 5 | $ 542,000 | $ 108,400 | $ 76,000 |
| Northumberland, Virginia | 5 | $ 397,000 | $ 79,400 | $ 69,000 |
| Gloucester, Virginia | 4 | $ 473,000 | $ 118,250 | $ 0 |
| Suffolk, Virginia | 4 | $ 616,000 | $ 154,000 | $ 0 |
| Williamsburg, Virginia | 4 | $ 397,000 | $ 99,250 | $ 10,000 |
| Alexandria, Virginia | 3 | $ 813,000 | $ 271,000 | $ 118,000 |
| Alleghany, Virginia | 3 | $ 172,000 | $ 57,333 | $ 107,000 |
| Amherst, Virginia | 3 | $ 237,000 | $ 79,000 | $ 75,000 |
| Botetourt, Virginia | 3 | $ 85,000 | $ 28,333 | $ 85,000 |
| Craig, Virginia | 3 | $ 179,000 | $ 59,666 | $ 0 |
| Fluvanna, Virginia | 3 | $ 245,000 | $ 81,666 | $ 67,000 |
| Greene, Virginia | 3 | $ 1,170,000 | $ 390,000 | $ 24,000 |
| Lexington, Virginia | 3 | $ 260,000 | $ 86,666 | $ 55,000 |
| Loudoun, Virginia | 3 | $ 514,000 | $ 171,333 | $ 0 |
| Page, Virginia | 3 | $ 297,000 | $ 99,000 | $ 5,000 |
| Poquoson, Virginia | 3 | $ 717,000 | $ 239,000 | $ 31,000 |
| Portsmouth, Virginia | 3 | $ 1,316,000 | $ 438,666 | $ 0 |
| Montgomery, Maryland | 2 | $ 2,657,000 | $ 1,328,500 | $ 0 |
| Iredell, North Carolina | 2 | $ 1,025,000 | $ 512,500 | $ 0 |
| Arlington, Virginia | 2 | $ 255,000 | $ 127,500 | $ 0 |
| Frederick, Virginia | 2 | $ 798,000 | $ 399,000 | $ 23,000 |
| Goochland, Virginia | 2 | $ 135,000 | $ 67,500 | $ 199,000 |
| Hopewell, Virginia | 2 | $ 532,000 | $ 266,000 | $ 0 |
| Isle of Wight, Virginia | 2 | $ 424,000 | $ 212,000 | $ 27,000 |
| Louisa, Virginia | 2 | $ 132,000 | $ 66,000 | $ 14,000 |
| Petersburg, Virginia | 2 | $ 301,000 | $ 150,500 | $ 0 |
| Sussex, Delaware | 1 | $ 728,000 | $ 728,000 | $ 0 |
| District of Columbia, District Of Columbia | 1 | $ 8,385,000 | $ 8,385,000 | $ 0 |
| Frederick, Maryland | 1 | $ 49,000 | $ 49,000 | $ 0 |
| Talbot, Maryland | 1 | $ 5,197,000 | $ 5,197,000 | $ 0 |
| Elko, Nevada | 1 | $ 280,000 | $ 280,000 | $ 106,000 |
| Currituck, North Carolina | 1 | $ 510,000 | $ 510,000 | $ 0 |
| Dare, North Carolina | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Edgecombe, North Carolina | 1 | $ 761,000 | $ 761,000 | $ 0 |
| Franklin, North Carolina | 1 | $ 187,000 | $ 187,000 | $ 0 |
| Henderson, North Carolina | 1 | $ 191,000 | $ 191,000 | $ 0 |
| Mecklenburg, North Carolina | 1 | $ 1,400,000 | $ 1,400,000 | $ 0 |
| New Hanover, North Carolina | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Wake, North Carolina | 1 | $ 48,000 | $ 48,000 | $ 29,000 |
| Lancaster, Pennsylvania | 1 | $ 48,000 | $ 48,000 | $ 0 |
| Horry, South Carolina | 1 | $ 10,000 | $ 10,000 | $ 29,000 |
| Lexington, South Carolina | 1 | $ 370,000 | $ 370,000 | $ 0 |
| Sevier, Tennessee | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Amelia, Virginia | 1 | $ 60,000 | $ 60,000 | $ 27,000 |
| Appomattox, Virginia | 1 | $ 30,000 | $ 30,000 | $ 47,000 |
| Bath, Virginia | 1 | $ 27,000 | $ 27,000 | $ 38,000 |
| Bland, Virginia | 1 | $ 3,000 | $ 3,000 | $ 10,000 |
| Charles City, Virginia | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Clarke, Virginia | 1 | $ 576,000 | $ 576,000 | $ 0 |
| Dinwiddie, Virginia | 1 | $ 46,000 | $ 46,000 | $ 45,000 |
| Grayson, Virginia | 1 | $ 10,000 | $ 10,000 | $ 60,000 |
| Henry, Virginia | 1 | $ 75,000 | $ 75,000 | $ 0 |
| King and Queen, Virginia | 1 | $ 40,000 | $ 40,000 | $ 27,000 |
| Manassas, Virginia | 1 | $ 44,000 | $ 44,000 | $ 0 |
| Mathews, Virginia | 1 | $ 448,000 | $ 448,000 | $ 36,000 |
| Mecklenburg, Virginia | 1 | $ 52,000 | $ 52,000 | $ 85,000 |
| Middlesex, Virginia | 1 | $ 66,000 | $ 66,000 | $ 0 |
| Nottoway, Virginia | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Prince Edward, Virginia | 1 | $ 26,000 | $ 26,000 | $ 55,000 |
| Prince George, Virginia | 1 | $ 1,000 | $ 1,000 | $ 15,000 |
| Wise, Virginia | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Mercer, West Virginia | 1 | $ 1,453,000 | $ 1,453,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank & Trust 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 | 534 | $128,663,000 | $240,000 | $7,875,000 | $22,000 | $759,000 |
| Refinancing | 441 | $97,952,000 | $222,000 | $8,385,000 | $58,000 | $1,762,000 |
| Home Improvement | 354 | $14,704,000 | $41,000 | $2,213,000 | $53,000 | $365,000 |
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 | 629 | $193,354,000 | $307,000 | $8,385,000 | $0 | $0 |
| White | 536 | $40,202,000 | $75,000 | $806,000 | $84,000 | $1,762,000 |
| Black or African American | 99 | $3,183,000 | $32,000 | $300,000 | $48,000 | $132,000 |
| Not Provided | 32 | $2,763,000 | $86,000 | $310,000 | $117,000 | $759,000 |
| Hispanic | 22 | $1,213,000 | $55,000 | $275,000 | $86,000 | $479,000 |
| Asian | 8 | $446,000 | $55,000 | $150,000 | $54,000 | $176,000 |
| American Indian or Alaskan Native | 3 | $158,000 | $52,000 | $80,000 | $49,000 | $79,000 |
| 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) | 1,329 | $241,319,000 | $181,000 | $8,385,000 | $42,000 | $1,762,000 |
| 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 | 797 | $154,688,000 | $194,000 | $8,385,000 | $45,000 | $1,762,000 |
| Application Denied By Financial Institution | 223 | $12,536,000 | $56,000 | $800,000 | $49,000 | $759,000 |
| Loan Purchased By The Institution | 166 | $56,288,000 | $339,000 | $2,800,000 | $0 | $0 |
| Application Withdrawn By Applicant | 143 | $17,807,000 | $124,000 | $1,100,000 | $64,000 | $500,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 120 | $8,048,000 | $67,000 | $800,000 | $42,000 | $230,000 |
| Credit History | 73 | $2,603,000 | $35,000 | $300,000 | $54,000 | $759,000 |
| Collateral | 19 | $1,325,000 | $69,000 | $172,000 | $85,000 | $375,000 |
| Unverifiable Information | 5 | $446,000 | $89,000 | $186,000 | $46,000 | $116,000 |
| Employment History | 5 | $50,000 | $10,000 | $30,000 | $37,000 | $68,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust'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 Union Bank & Trust'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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