Union Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Union Bank & Trust of Richmond, VA reported 266 mortgage applications totaling $23.3 million, down 34% from 2004. The average application was for $87,593, and applicants reported an average income of $81,812. 81% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Richmond, VA (98), Charlottesville, VA (36) and Virginia Beach-Norfolk-Newport News, VA-NC (1) (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 | 266 |
| Total Mortgage Loan Application Amount | $23,300,000 |
| Average Mortgage Loan Application Amount | $87,593 |
| Highest Mortgage Loan Application Amount | $1,232,000 |
| Average Applicant Income | $81,812 |
| Highest Applicant Income | $3,000,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Caroline, Virginia | 58 | $ 3,227,000 | $ 55,637 | $ 56,000 |
| Spotsylvania, Virginia | 51 | $ 2,461,000 | $ 48,254 | $ 99,000 |
| King George, Virginia | 33 | $ 1,620,000 | $ 49,090 | $ 56,000 |
| Albemarle, Virginia | 11 | $ 3,746,000 | $ 340,545 | $ 128,000 |
| Hanover, Virginia | 11 | $ 920,000 | $ 83,636 | $ 101,000 |
| Henrico, Virginia | 10 | $ 400,000 | $ 40,000 | $ 70,000 |
| Westmoreland, Virginia | 10 | $ 874,000 | $ 87,400 | $ 57,000 |
| Fredericksburg, Virginia | 9 | $ 2,252,000 | $ 250,222 | $ 75,000 |
| Nelson, Virginia | 9 | $ 854,000 | $ 94,888 | $ 449,000 |
| Stafford, Virginia | 9 | $ 661,000 | $ 73,444 | $ 68,000 |
| Charlottesville, Virginia | 8 | $ 2,353,000 | $ 294,125 | $ 41,000 |
| King William, Virginia | 8 | $ 133,000 | $ 16,625 | $ 50,000 |
| Fluvanna, Virginia | 4 | $ 229,000 | $ 57,250 | $ 78,000 |
| Greene, Virginia | 4 | $ 579,000 | $ 144,750 | $ 43,000 |
| King and Queen, Virginia | 3 | $ 125,000 | $ 41,666 | $ 32,000 |
| Prince George's, Maryland | 2 | $ 295,000 | $ 147,500 | $ 0 |
| Chesterfield, Virginia | 2 | $ 26,000 | $ 13,000 | $ 75,000 |
| Essex, Virginia | 2 | $ 110,000 | $ 55,000 | $ 60,000 |
| Fairfax, Virginia | 2 | $ 448,000 | $ 224,000 | $ 550,000 |
| Louisa, Virginia | 2 | $ 195,000 | $ 97,500 | $ 14,000 |
| New Kent, Virginia | 2 | $ 258,000 | $ 129,000 | $ 272,000 |
| Orange, Virginia | 2 | $ 221,000 | $ 110,500 | $ 25,000 |
| Prince William, Virginia | 2 | $ 342,000 | $ 171,000 | $ 91,000 |
| District of Columbia, District Of Columbia | 1 | $ 3,000 | $ 3,000 | $ 31,000 |
| Calvert, Maryland | 1 | $ 103,000 | $ 103,000 | $ 486,000 |
| Alleghany, North Carolina | 1 | $ 103,000 | $ 103,000 | $ 0 |
| Dare, North Carolina | 1 | $ 50,000 | $ 50,000 | $ 167,000 |
| Hardin, Ohio | 1 | $ 7,000 | $ 7,000 | $ 44,000 |
| Brunswick, Virginia | 1 | $ 6,000 | $ 6,000 | $ 54,000 |
| Goochland, Virginia | 1 | $ 99,000 | $ 99,000 | $ 41,000 |
| Northumberland, Virginia | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Prince Edward, Virginia | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Richmond City, Virginia | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Virginia Beach, Virginia | 1 | $ 10,000 | $ 10,000 | $ 0 |
| Waynesboro, Virginia | 1 | $ 110,000 | $ 110,000 | $ 44,000 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2005
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 Improvement | 141 | $2,629,000 | $9,333 | $119,000 | $41,000 | $215,000 |
| Home Purchase | 65 | $15,258,000 | $158,666 | $1,232,000 | $123,333 | $3,000,000 |
| Refinancing | 60 | $5,413,000 | $70,000 | $1,000,000 | $137,500 | $1,100,000 |
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 | 187 | $13,485,000 | $58,000 | $1,232,000 | $204,500 | $3,000,000 |
| Black or African American | 45 | $1,391,000 | $17,000 | $334,000 | $36,500 | $104,000 |
| Not applicable | 25 | $7,263,000 | $187,333 | $1,000,000 | $0 | $0 |
| Not Provided | 4 | $270,000 | $67,000 | $257,000 | $38,000 | $60,000 |
| Asian | 3 | $883,000 | $294,000 | $773,000 | $373,000 | $1,100,000 |
| Hispanic | 2 | $8,000 | $4,000 | $5,000 | $45,000 | $46,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 266 | $23,300,000 | $61,000 | $1,232,000 | $98,000 | $3,000,000 |
| 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 | 215 | $20,613,000 | $58,333 | $1,232,000 | $74,666 | $3,000,000 |
| Application Denied By Financial Institution | 33 | $605,000 | $18,000 | $107,000 | $43,000 | $104,000 |
| Application Withdrawn By Applicant | 10 | $530,000 | $32,500 | $159,000 | $68,500 | $146,000 |
| Loan Purchased By The Institution | 8 | $1,552,000 | $181,000 | $500,000 | $121,500 | $486,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 17 | $343,000 | $20,000 | $107,000 | $50,000 | $104,000 |
| Debt-To-Income Ratio | 16 | $262,000 | $16,000 | $70,000 | $31,000 | $95,000 |
| 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 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust's 2005 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.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About