Union Bank & Trust Mortgage Lending & HMDA Data, 2014
In 2014, Union Bank & Trust of Richmond, VA reported 594 mortgage applications totaling $110.0 million, up 36% from 2013. The average application was for $185,126, and applicants reported an average income of $74,134. 65% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (129), Richmond, VA (108) and Blacksburg-Christiansburg-Radford, VA (60) (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 | 594 |
| Total Mortgage Loan Application Amount | $109,965,000 |
| Average Mortgage Loan Application Amount | $185,126 |
| Highest Mortgage Loan Application Amount | $1,870,000 |
| Average Applicant Income | $74,134 |
| Highest Applicant Income | $1,585,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 City, Virginia | 37 | $ 11,849,000 | $ 320,243 | $ 57,000 |
| Spotsylvania, Virginia | 25 | $ 3,778,000 | $ 151,120 | $ 44,000 |
| Montgomery, Virginia | 24 | $ 3,468,000 | $ 144,500 | $ 35,000 |
| Richmond, Virginia | 22 | $ 3,084,000 | $ 140,181 | $ 147,000 |
| Rappahannock, Virginia | 20 | $ 6,285,000 | $ 314,250 | $ 112,000 |
| Westmoreland, Virginia | 20 | $ 2,485,000 | $ 124,250 | $ 51,000 |
| Henrico, Virginia | 19 | $ 3,078,000 | $ 162,000 | $ 27,000 |
| Chesterfield, Virginia | 18 | $ 2,484,000 | $ 138,000 | $ 66,000 |
| Warren, Virginia | 18 | $ 3,005,000 | $ 166,944 | $ 96,000 |
| Pulaski, Virginia | 16 | $ 616,000 | $ 38,500 | $ 36,000 |
| Fredericksburg, Virginia | 14 | $ 3,641,000 | $ 260,071 | $ 4,000 |
| King George, Virginia | 13 | $ 2,314,000 | $ 178,000 | $ 71,000 |
| Madison, Virginia | 13 | $ 1,089,000 | $ 83,769 | $ 71,000 |
| Bedford, Virginia | 12 | $ 1,596,000 | $ 133,000 | $ 27,000 |
| Caroline, Virginia | 12 | $ 792,000 | $ 66,000 | $ 50,000 |
| Newport News, Virginia | 12 | $ 2,227,000 | $ 185,583 | $ 290,000 |
| Roanoke, Virginia | 12 | $ 2,105,000 | $ 175,416 | $ 35,000 |
| Albemarle, Virginia | 11 | $ 1,991,000 | $ 181,000 | $ 12,000 |
| Culpeper, Virginia | 11 | $ 1,899,000 | $ 172,636 | $ 99,000 |
| Giles, Virginia | 11 | $ 395,000 | $ 35,909 | $ 27,000 |
| Hanover, Virginia | 11 | $ 1,557,000 | $ 141,545 | $ 105,000 |
| Roanoke City, Virginia | 11 | $ 1,470,000 | $ 133,636 | $ 8,000 |
| Fauquier, Virginia | 10 | $ 4,463,000 | $ 446,300 | $ 134,000 |
| Augusta, Virginia | 9 | $ 1,998,000 | $ 222,000 | $ 113,000 |
| Essex, Virginia | 9 | $ 861,000 | $ 95,666 | $ 132,000 |
| Floyd, Virginia | 8 | $ 560,000 | $ 70,000 | $ 18,000 |
| Franklin, Virginia | 8 | $ 1,452,000 | $ 181,500 | $ 14,000 |
| Charlottesville, Virginia | 7 | $ 1,126,000 | $ 160,857 | $ 37,000 |
| Hampton, Virginia | 7 | $ 2,012,000 | $ 287,428 | $ 140,000 |
| Stafford, Virginia | 7 | $ 664,000 | $ 94,857 | $ 43,000 |
| Staunton, Virginia | 7 | $ 258,000 | $ 36,857 | $ 44,000 |
| Suffolk, Virginia | 7 | $ 2,180,000 | $ 311,428 | $ 0 |
| York, Virginia | 7 | $ 885,000 | $ 126,428 | $ 95,000 |
| Fairfax, Virginia | 6 | $ 2,719,000 | $ 453,166 | $ 242,000 |
| Norfolk, Virginia | 6 | $ 2,937,000 | $ 489,500 | $ 0 |
| Prince William, Virginia | 6 | $ 1,851,000 | $ 308,500 | $ 0 |
| Alleghany, Virginia | 5 | $ 248,000 | $ 49,600 | $ 40,000 |
| Campbell, Virginia | 5 | $ 597,000 | $ 119,400 | $ 0 |
| James City, Virginia | 5 | $ 899,000 | $ 179,800 | $ 18,000 |
| Lancaster, Virginia | 5 | $ 532,000 | $ 106,400 | $ 69,000 |
| Loudoun, Virginia | 5 | $ 1,797,000 | $ 359,400 | $ 244,000 |
| Northumberland, Virginia | 5 | $ 333,000 | $ 66,600 | $ 86,000 |
| Wythe, Virginia | 5 | $ 307,000 | $ 61,400 | $ 15,000 |
| Charles, Maryland | 4 | $ 1,051,000 | $ 262,750 | $ 199,000 |
| Orange, Virginia | 4 | $ 550,000 | $ 137,500 | $ 19,000 |
| Rockingham, Virginia | 4 | $ 311,000 | $ 77,750 | $ 50,000 |
| Salem, Virginia | 4 | $ 374,000 | $ 93,500 | $ 25,000 |
| Shenandoah, Virginia | 4 | $ 403,000 | $ 100,750 | $ 66,000 |
| Waynesboro, Virginia | 4 | $ 531,000 | $ 132,750 | $ 232,000 |
| Buena Vista, Virginia | 3 | $ 187,000 | $ 62,333 | $ 52,000 |
| Frederick, Virginia | 3 | $ 328,000 | $ 109,333 | $ 78,000 |
| King William, Virginia | 3 | $ 320,000 | $ 106,666 | $ 47,000 |
| Louisa, Virginia | 3 | $ 476,000 | $ 158,666 | $ 261,000 |
| Virginia Beach, Virginia | 3 | $ 729,000 | $ 243,000 | $ 528,000 |
| Winchester, Virginia | 3 | $ 563,000 | $ 187,666 | $ 187,000 |
| District of Columbia, District Of Columbia | 2 | $ 2,725,000 | $ 1,362,500 | $ 125,000 |
| Cobb, Georgia | 2 | $ 769,000 | $ 384,500 | $ 0 |
| Baltimore, Maryland | 2 | $ 217,000 | $ 108,500 | $ 0 |
| Dare, North Carolina | 2 | $ 2,070,000 | $ 1,035,000 | $ 32,000 |
| New Hanover, North Carolina | 2 | $ 1,493,000 | $ 746,500 | $ 0 |
| Lexington, South Carolina | 2 | $ 343,000 | $ 171,500 | $ 0 |
| Amherst, Virginia | 2 | $ 244,000 | $ 122,000 | $ 0 |
| Charles City, Virginia | 2 | $ 116,000 | $ 58,000 | $ 51,000 |
| King and Queen, Virginia | 2 | $ 11,000 | $ 5,500 | $ 36,000 |
| Lynchburg, Virginia | 2 | $ 344,000 | $ 172,000 | $ 26,000 |
| New Kent, Virginia | 2 | $ 616,000 | $ 308,000 | $ 219,000 |
| Rockbridge, Virginia | 2 | $ 116,000 | $ 58,000 | $ 41,000 |
| Gilchrist, Florida | 1 | $ 4,000 | $ 4,000 | $ 26,000 |
| Ravalli, Montana | 1 | $ 272,000 | $ 272,000 | $ 104,000 |
| Stanly, North Carolina | 1 | $ 169,000 | $ 169,000 | $ 0 |
| Tulsa, Oklahoma | 1 | $ 246,000 | $ 246,000 | $ 0 |
| Franklin, Pennsylvania | 1 | $ 84,000 | $ 84,000 | $ 110,000 |
| Horry, South Carolina | 1 | $ 512,000 | $ 512,000 | $ 0 |
| Pickens, South Carolina | 1 | $ 1,080,000 | $ 1,080,000 | $ 0 |
| Arlington, Virginia | 1 | $ 352,000 | $ 352,000 | $ 393,000 |
| Bedford City, Virginia | 1 | $ 73,000 | $ 73,000 | $ 87,000 |
| Bland, Virginia | 1 | $ 73,000 | $ 73,000 | $ 0 |
| Botetourt, Virginia | 1 | $ 133,000 | $ 133,000 | $ 0 |
| Brunswick, Virginia | 1 | $ 35,000 | $ 35,000 | $ 24,000 |
| Colonial Heights, Virginia | 1 | $ 32,000 | $ 32,000 | $ 60,000 |
| Covington, Virginia | 1 | $ 3,000 | $ 3,000 | $ 34,000 |
| Craig, Virginia | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Fluvanna, Virginia | 1 | $ 120,000 | $ 120,000 | $ 72,000 |
| Goochland, Virginia | 1 | $ 419,000 | $ 419,000 | $ 0 |
| Mathews, Virginia | 1 | $ 100,000 | $ 100,000 | $ 175,000 |
| Middlesex, Virginia | 1 | $ 592,000 | $ 592,000 | $ 1,354,000 |
| Nelson, Virginia | 1 | $ 53,000 | $ 53,000 | $ 20,000 |
| Page, Virginia | 1 | $ 184,000 | $ 184,000 | $ 78,000 |
| Petersburg, Virginia | 1 | $ 69,000 | $ 69,000 | $ 68,000 |
| Poquoson, Virginia | 1 | $ 40,000 | $ 40,000 | $ 472,000 |
| Powhatan, Virginia | 1 | $ 20,000 | $ 20,000 | $ 69,000 |
| Radford, Virginia | 1 | $ 3,000 | $ 3,000 | $ 6,000 |
| Williamsburg, Virginia | 1 | $ 272,000 | $ 272,000 | $ 30,000 |
| Berkeley, West Virginia | 1 | $ 179,000 | $ 179,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2014
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 | 255 | $56,365,000 | $221,000 | $1,870,000 | $76,000 | $1,585,000 |
| Refinancing | 227 | $50,432,000 | $222,000 | $1,625,000 | $80,000 | $908,000 |
| Home Improvement | 112 | $3,168,000 | $28,000 | $425,000 | $58,000 | $874,000 |
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 | 323 | $42,577,000 | $131,000 | $1,360,000 | $130,000 | $1,585,000 |
| Not applicable | 232 | $64,580,000 | $278,000 | $1,870,000 | $0 | $0 |
| Black or African American | 25 | $1,021,000 | $40,000 | $107,000 | $62,000 | $352,000 |
| Asian | 5 | $823,000 | $164,000 | $400,000 | $83,000 | $121,000 |
| Hispanic | 4 | $640,000 | $160,000 | $225,000 | $63,000 | $96,000 |
| Not Provided | 4 | $252,000 | $63,000 | $204,000 | $40,000 | $59,000 |
| American Indian or Alaskan Native | 1 | $72,000 | $72,000 | $72,000 | $38,000 | $38,000 |
| 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) | 594 | $109,965,000 | $185,000 | $1,870,000 | $74,000 | $1,585,000 |
| 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 | 389 | $80,002,000 | $205,000 | $1,870,000 | $96,000 | $1,585,000 |
| Loan Purchased By The Institution | 91 | $23,183,000 | $254,000 | $1,080,000 | $0 | $0 |
| Application Denied By Financial Institution | 85 | $3,765,000 | $44,000 | $425,000 | $38,000 | $125,000 |
| Application Withdrawn By Applicant | 29 | $3,015,000 | $103,000 | $750,000 | $126,000 | $1,346,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 40 | $1,525,000 | $38,000 | $231,000 | $36,000 | $94,000 |
| Debt-To-Income Ratio | 33 | $1,845,000 | $55,000 | $425,000 | $37,000 | $98,000 |
| Collateral | 7 | $366,000 | $52,000 | $117,000 | $52,000 | $125,000 |
| Employment History | 5 | $29,000 | $5,000 | $10,000 | $35,000 | $54,000 |
| 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 |
| Unverifiable Information | 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 2014 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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