Union Bank & Trust Mortgage Lending & HMDA Data, 2013
In 2013, Union Bank & Trust of Richmond, VA reported 438 mortgage applications totaling $116.7 million, down 4% from 2012. The average application was for $266,518, and applicants reported an average income of $91,767. 72% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Richmond, VA (120), Washington-Arlington-Alexandria, DC-VA-MD-WV (87) and Virginia Beach-Norfolk-Newport News, VA-NC (37) (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 | 438 |
| Total Mortgage Loan Application Amount | $116,735,000 |
| Average Mortgage Loan Application Amount | $266,518 |
| Highest Mortgage Loan Application Amount | $16,800,000 |
| Average Applicant Income | $91,767 |
| Highest Applicant Income | $1,008,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Richmond, Virginia | 33 | $ 3,757,000 | $ 113,848 | $ 61,000 |
| Richmond City, Virginia | 28 | $ 14,120,000 | $ 504,285 | $ 23,000 |
| Warren, Virginia | 26 | $ 2,579,000 | $ 99,192 | $ 50,000 |
| Rappahannock, Virginia | 25 | $ 10,845,000 | $ 433,800 | $ 208,000 |
| Chesterfield, Virginia | 22 | $ 3,579,000 | $ 162,681 | $ 43,000 |
| Spotsylvania, Virginia | 21 | $ 2,350,000 | $ 111,904 | $ 92,000 |
| Henrico, Virginia | 20 | $ 1,319,000 | $ 65,950 | $ 50,000 |
| Westmoreland, Virginia | 20 | $ 1,983,000 | $ 99,150 | $ 76,000 |
| Caroline, Virginia | 17 | $ 1,074,000 | $ 63,176 | $ 48,000 |
| Essex, Virginia | 15 | $ 2,489,000 | $ 165,933 | $ 205,000 |
| Lancaster, Virginia | 15 | $ 3,323,000 | $ 221,533 | $ 129,000 |
| King George, Virginia | 14 | $ 1,122,000 | $ 80,142 | $ 53,000 |
| Newport News, Virginia | 13 | $ 1,455,000 | $ 111,923 | $ 255,000 |
| Hanover, Virginia | 12 | $ 2,342,000 | $ 195,166 | $ 41,000 |
| Northumberland, Virginia | 11 | $ 1,000,000 | $ 90,909 | $ 77,000 |
| Culpeper, Virginia | 8 | $ 1,594,000 | $ 199,250 | $ 123,000 |
| Fauquier, Virginia | 8 | $ 4,572,000 | $ 571,500 | $ 308,000 |
| Fredericksburg, Virginia | 8 | $ 1,294,000 | $ 161,750 | $ 7,000 |
| Frederick, Virginia | 7 | $ 2,112,000 | $ 301,714 | $ 203,000 |
| Charlottesville, Virginia | 6 | $ 4,460,000 | $ 743,333 | $ 10,000 |
| Fairfax, Virginia | 6 | $ 1,829,000 | $ 304,833 | $ 140,000 |
| Hampton, Virginia | 6 | $ 1,279,000 | $ 213,166 | $ 133,000 |
| Stafford, Virginia | 6 | $ 2,749,000 | $ 458,166 | $ 0 |
| King and Queen, Virginia | 5 | $ 294,000 | $ 58,800 | $ 140,000 |
| Orange, Virginia | 5 | $ 469,000 | $ 93,800 | $ 53,000 |
| Prince William, Virginia | 5 | $ 4,425,000 | $ 885,000 | $ 21,000 |
| Fluvanna, Virginia | 4 | $ 724,000 | $ 181,000 | $ 50,000 |
| Goochland, Virginia | 4 | $ 2,534,000 | $ 633,500 | $ 13,000 |
| King William, Virginia | 4 | $ 360,000 | $ 90,000 | $ 102,000 |
| Winchester, Virginia | 4 | $ 680,000 | $ 170,000 | $ 96,000 |
| York, Virginia | 4 | $ 818,000 | $ 204,500 | $ 31,000 |
| District of Columbia, District Of Columbia | 3 | $ 2,531,000 | $ 843,666 | $ 0 |
| Albemarle, Virginia | 3 | $ 1,343,000 | $ 447,666 | $ 0 |
| James City, Virginia | 3 | $ 826,000 | $ 275,333 | $ 363,000 |
| Louisa, Virginia | 3 | $ 538,000 | $ 179,333 | $ 86,000 |
| Nelson, Virginia | 3 | $ 505,000 | $ 168,333 | $ 28,000 |
| Rockingham, Virginia | 3 | $ 172,000 | $ 57,333 | $ 64,000 |
| Virginia Beach, Virginia | 3 | $ 1,860,000 | $ 620,000 | $ 251,000 |
| Gloucester, Virginia | 2 | $ 336,000 | $ 168,000 | $ 245,000 |
| Greene, Virginia | 2 | $ 116,000 | $ 58,000 | $ 39,000 |
| Madison, Virginia | 2 | $ 811,000 | $ 405,500 | $ 267,000 |
| Mathews, Virginia | 2 | $ 116,000 | $ 58,000 | $ 107,000 |
| Portsmouth, Virginia | 2 | $ 1,320,000 | $ 660,000 | $ 0 |
| Powhatan, Virginia | 2 | $ 203,000 | $ 101,500 | $ 99,000 |
| Frederick, Maryland | 1 | $ 208,000 | $ 208,000 | $ 93,000 |
| Brunswick, North Carolina | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Wake, North Carolina | 1 | $ 214,000 | $ 214,000 | $ 0 |
| Sevier, Tennessee | 1 | $ 155,000 | $ 155,000 | $ 121,000 |
| Arlington, Virginia | 1 | $ 25,000 | $ 25,000 | $ 103,000 |
| Augusta, Virginia | 1 | $ 108,000 | $ 108,000 | $ 47,000 |
| Buckingham, Virginia | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Clarke, Virginia | 1 | $ 2,050,000 | $ 2,050,000 | $ 861,000 |
| Cumberland, Virginia | 1 | $ 84,000 | $ 84,000 | $ 32,000 |
| Harrisonburg, Virginia | 1 | $ 16,800,000 | $ 16,800,000 | $ 0 |
| Loudoun, Virginia | 1 | $ 148,000 | $ 148,000 | $ 0 |
| Manassas, Virginia | 1 | $ 660,000 | $ 660,000 | $ 0 |
| Middlesex, Virginia | 1 | $ 203,000 | $ 203,000 | $ 70,000 |
| Montgomery, Virginia | 1 | $ 109,000 | $ 109,000 | $ 0 |
| New Kent, Virginia | 1 | $ 365,000 | $ 365,000 | $ 146,000 |
| Norfolk, Virginia | 1 | $ 50,000 | $ 50,000 | $ 72,000 |
| Page, Virginia | 1 | $ 114,000 | $ 114,000 | $ 157,000 |
| Petersburg, Virginia | 1 | $ 62,000 | $ 62,000 | $ 33,000 |
| Radford, Virginia | 1 | $ 86,000 | $ 86,000 | $ 0 |
| Roanoke, Virginia | 1 | $ 135,000 | $ 135,000 | $ 54,000 |
| Shenandoah, Virginia | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Waynesboro, Virginia | 1 | $ 170,000 | $ 170,000 | $ 0 |
| Williamsburg, Virginia | 1 | $ 150,000 | $ 150,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2013
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 | 193 | $49,609,000 | $257,000 | $3,028,000 | $98,000 | $1,000,000 |
| Refinancing | 180 | $65,305,000 | $362,000 | $16,800,000 | $98,000 | $1,008,000 |
| Home Improvement | 65 | $1,821,000 | $28,000 | $440,000 | $56,000 | $190,000 |
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 | 264 | $48,733,000 | $184,000 | $2,050,000 | $137,000 | $1,008,000 |
| Not applicable | 113 | $62,136,000 | $549,000 | $16,800,000 | $0 | $0 |
| Black or African American | 38 | $2,338,000 | $61,000 | $440,000 | $53,000 | $195,000 |
| Not Provided | 9 | $1,416,000 | $157,000 | $530,000 | $85,000 | $244,000 |
| Hispanic | 6 | $844,000 | $140,000 | $640,000 | $61,000 | $162,000 |
| Asian | 4 | $467,000 | $116,000 | $250,000 | $135,000 | $420,000 |
| American Indian or Alaskan Native | 3 | $621,000 | $207,000 | $483,000 | $156,000 | $177,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $180,000 | $180,000 | $180,000 | $53,000 | $53,000 |
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) | 438 | $116,735,000 | $266,000 | $16,800,000 | $92,000 | $1,008,000 |
| 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 | 315 | $95,700,000 | $303,000 | $16,800,000 | $102,000 | $1,008,000 |
| Application Denied By Financial Institution | 48 | $3,716,000 | $77,000 | $1,500,000 | $68,000 | $825,000 |
| Application Withdrawn By Applicant | 47 | $6,938,000 | $147,000 | $1,520,000 | $107,000 | $603,000 |
| Loan Purchased By The Institution | 28 | $10,381,000 | $370,000 | $1,326,000 | $0 | $0 |
| 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 | 27 | $2,356,000 | $87,000 | $1,500,000 | $64,000 | $825,000 |
| Debt-To-Income Ratio | 12 | $777,000 | $64,000 | $249,000 | $77,000 | $177,000 |
| Collateral | 5 | $440,000 | $88,000 | $173,000 | $77,000 | $107,000 |
| Employment History | 3 | $118,000 | $39,000 | $85,000 | $20,000 | $27,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $153,000 | $153,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Union Bank & Trust's 2013 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.
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