Union Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Union Bank & Trust of Richmond, VA reported 1,030 mortgage applications totaling $183.3 million, up 73% from 2014. The average application was for $177,923, and applicants reported an average income of $67,533. 62% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Richmond, VA (200), Washington-Arlington-Alexandria, DC-VA-MD-WV (165) and Blacksburg-Christiansburg-Radford, VA (101) (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 | 1,030 |
| Total Mortgage Loan Application Amount | $183,261,000 |
| Average Mortgage Loan Application Amount | $177,923 |
| Highest Mortgage Loan Application Amount | $11,250,000 |
| Average Applicant Income | $67,533 |
| Highest Applicant Income | $3,741,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 60 | $ 9,206,000 | $ 153,433 | $ 42,000 |
| Montgomery, Virginia | 53 | $ 7,239,000 | $ 136,584 | $ 17,000 |
| Richmond City, Virginia | 46 | $ 11,575,000 | $ 251,630 | $ 45,000 |
| Bedford, Virginia | 45 | $ 4,992,000 | $ 110,933 | $ 49,000 |
| Augusta, Virginia | 35 | $ 2,668,000 | $ 76,228 | $ 63,000 |
| Chesterfield, Virginia | 35 | $ 3,145,000 | $ 89,857 | $ 69,000 |
| Westmoreland, Virginia | 35 | $ 2,875,000 | $ 82,142 | $ 56,000 |
| Spotsylvania, Virginia | 33 | $ 3,712,000 | $ 112,484 | $ 131,000 |
| Richmond, Virginia | 28 | $ 2,645,000 | $ 94,464 | $ 67,000 |
| Roanoke City, Virginia | 25 | $ 3,998,000 | $ 159,920 | $ 27,000 |
| Caroline, Virginia | 24 | $ 2,514,000 | $ 104,750 | $ 52,000 |
| Culpeper, Virginia | 23 | $ 3,146,000 | $ 136,782 | $ 24,000 |
| Essex, Virginia | 22 | $ 3,248,000 | $ 147,636 | $ 77,000 |
| Pulaski, Virginia | 22 | $ 1,201,000 | $ 54,590 | $ 29,000 |
| Roanoke, Virginia | 22 | $ 3,517,000 | $ 159,863 | $ 35,000 |
| Warren, Virginia | 21 | $ 3,903,000 | $ 185,857 | $ 77,000 |
| Rappahannock, Virginia | 20 | $ 5,024,000 | $ 251,200 | $ 466,000 |
| Madison, Virginia | 19 | $ 1,669,000 | $ 87,842 | $ 76,000 |
| Northumberland, Virginia | 18 | $ 3,034,000 | $ 168,555 | $ 70,000 |
| Orange, Virginia | 17 | $ 361,000 | $ 21,235 | $ 48,000 |
| Hanover, Virginia | 16 | $ 3,898,000 | $ 243,625 | $ 53,000 |
| Lynchburg, Virginia | 16 | $ 1,139,000 | $ 71,187 | $ 52,000 |
| Rockbridge, Virginia | 16 | $ 542,000 | $ 33,875 | $ 79,000 |
| Staunton, Virginia | 16 | $ 688,000 | $ 43,000 | $ 34,000 |
| King George, Virginia | 15 | $ 1,848,000 | $ 123,200 | $ 51,000 |
| Fredericksburg, Virginia | 13 | $ 2,856,000 | $ 219,692 | $ 79,000 |
| Giles, Virginia | 13 | $ 1,021,000 | $ 78,538 | $ 29,000 |
| Rockingham, Virginia | 13 | $ 1,452,000 | $ 111,692 | $ 74,000 |
| Stafford, Virginia | 13 | $ 2,513,000 | $ 193,307 | $ 259,000 |
| Albemarle, Virginia | 12 | $ 7,205,000 | $ 600,416 | $ 49,000 |
| Franklin, Virginia | 12 | $ 1,343,000 | $ 111,916 | $ 47,000 |
| Hampton, Virginia | 11 | $ 1,927,000 | $ 175,181 | $ 195,000 |
| Fauquier, Virginia | 10 | $ 6,316,000 | $ 631,600 | $ 120,000 |
| Lancaster, Virginia | 10 | $ 904,000 | $ 90,400 | $ 38,000 |
| James City, Virginia | 9 | $ 1,176,000 | $ 130,666 | $ 15,000 |
| Nelson, Virginia | 9 | $ 449,000 | $ 49,888 | $ 27,000 |
| Wythe, Virginia | 9 | $ 476,000 | $ 52,888 | $ 63,000 |
| Charlottesville, Virginia | 8 | $ 3,611,000 | $ 451,375 | $ 126,000 |
| Fairfax, Virginia | 8 | $ 2,202,000 | $ 275,250 | $ 79,000 |
| Newport News, Virginia | 8 | $ 5,698,000 | $ 712,250 | $ 191,000 |
| Prince William, Virginia | 8 | $ 2,304,000 | $ 288,000 | $ 70,000 |
| Salem, Virginia | 8 | $ 933,000 | $ 116,625 | $ 24,000 |
| Botetourt, Virginia | 7 | $ 1,143,000 | $ 163,285 | $ 61,000 |
| Campbell, Virginia | 7 | $ 737,000 | $ 105,285 | $ 0 |
| Frederick, Virginia | 7 | $ 2,868,000 | $ 409,714 | $ 32,000 |
| Norfolk, Virginia | 7 | $ 12,295,000 | $ 1,756,428 | $ 0 |
| Portsmouth, Virginia | 7 | $ 960,000 | $ 137,142 | $ 17,000 |
| Radford, Virginia | 7 | $ 656,000 | $ 93,714 | $ 40,000 |
| Floyd, Virginia | 6 | $ 318,000 | $ 53,000 | $ 13,000 |
| Dare, North Carolina | 5 | $ 1,907,000 | $ 381,400 | $ 26,000 |
| Buena Vista, Virginia | 5 | $ 247,000 | $ 49,400 | $ 72,000 |
| Harrisonburg, Virginia | 5 | $ 493,000 | $ 98,600 | $ 28,000 |
| York, Virginia | 5 | $ 1,830,000 | $ 366,000 | $ 12,000 |
| Craig, Virginia | 4 | $ 1,874,000 | $ 468,500 | $ 0 |
| Greene, Virginia | 4 | $ 274,000 | $ 68,500 | $ 74,000 |
| King William, Virginia | 4 | $ 342,000 | $ 85,500 | $ 81,000 |
| Loudoun, Virginia | 4 | $ 2,316,000 | $ 579,000 | $ 636,000 |
| Middlesex, Virginia | 4 | $ 786,000 | $ 196,500 | $ 22,000 |
| Petersburg, Virginia | 4 | $ 270,000 | $ 67,500 | $ 25,000 |
| Virginia Beach, Virginia | 4 | $ 574,000 | $ 143,500 | $ 0 |
| Somerset, Maryland | 3 | $ 122,000 | $ 40,666 | $ 0 |
| Alleghany, Virginia | 3 | $ 140,000 | $ 46,666 | $ 52,000 |
| Amherst, Virginia | 3 | $ 269,000 | $ 89,666 | $ 0 |
| Covington, Virginia | 3 | $ 79,000 | $ 26,333 | $ 42,000 |
| Goochland, Virginia | 3 | $ 1,127,000 | $ 375,666 | $ 135,000 |
| King and Queen, Virginia | 3 | $ 303,000 | $ 101,000 | $ 76,000 |
| Page, Virginia | 3 | $ 147,000 | $ 49,000 | $ 6,000 |
| Patrick, Virginia | 3 | $ 133,000 | $ 44,333 | $ 16,000 |
| Prince Edward, Virginia | 3 | $ 361,000 | $ 120,333 | $ 0 |
| Shenandoah, Virginia | 3 | $ 230,000 | $ 76,666 | $ 86,000 |
| District of Columbia, District Of Columbia | 2 | $ 759,000 | $ 379,500 | $ 129,000 |
| Broward, Florida | 2 | $ 400,000 | $ 200,000 | $ 0 |
| Baltimore, Maryland | 2 | $ 513,000 | $ 256,500 | $ 0 |
| Appomattox, Virginia | 2 | $ 135,000 | $ 67,500 | $ 7,000 |
| Arlington, Virginia | 2 | $ 1,766,000 | $ 883,000 | $ 0 |
| Clarke, Virginia | 2 | $ 113,000 | $ 56,500 | $ 247,000 |
| Colonial Heights, Virginia | 2 | $ 129,000 | $ 64,500 | $ 101,000 |
| Louisa, Virginia | 2 | $ 733,000 | $ 366,500 | $ 25,000 |
| Prince George, Virginia | 2 | $ 97,000 | $ 48,500 | $ 70,000 |
| Marion, Florida | 1 | $ 2,790,000 | $ 2,790,000 | $ 0 |
| Richmond, Georgia | 1 | $ 6,856,000 | $ 6,856,000 | $ 0 |
| Charles, Maryland | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Montgomery, Maryland | 1 | $ 1,238,000 | $ 1,238,000 | $ 0 |
| Prince George's, Maryland | 1 | $ 656,000 | $ 656,000 | $ 0 |
| Worcester, Maryland | 1 | $ 227,000 | $ 227,000 | $ 189,000 |
| Currituck, North Carolina | 1 | $ 199,000 | $ 199,000 | $ 0 |
| Newberry, South Carolina | 1 | $ 411,000 | $ 411,000 | $ 125,000 |
| Richland, South Carolina | 1 | $ 410,000 | $ 410,000 | $ 0 |
| York, South Carolina | 1 | $ 142,000 | $ 142,000 | $ 0 |
| Alexandria, Virginia | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Amelia, Virginia | 1 | $ 4,000 | $ 4,000 | $ 63,000 |
| Bland, Virginia | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Brunswick, Virginia | 1 | $ 16,000 | $ 16,000 | $ 51,000 |
| Charles City, Virginia | 1 | $ 4,000 | $ 4,000 | $ 34,000 |
| Dinwiddie, Virginia | 1 | $ 50,000 | $ 50,000 | $ 34,000 |
| Falls Church, Virginia | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Fluvanna, Virginia | 1 | $ 54,000 | $ 54,000 | $ 15,000 |
| Gloucester, Virginia | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Greensville, Virginia | 1 | $ 75,000 | $ 75,000 | $ 66,000 |
| Lexington, Virginia | 1 | $ 85,000 | $ 85,000 | $ 8,000 |
| Manassas, Virginia | 1 | $ 98,000 | $ 98,000 | $ 0 |
| New Kent, Virginia | 1 | $ 173,000 | $ 173,000 | $ 0 |
| Pittsylvania, Virginia | 1 | $ 200,000 | $ 200,000 | $ 1,037,000 |
| Poquoson, Virginia | 1 | $ 214,000 | $ 214,000 | $ 118,000 |
| Tazewell, Virginia | 1 | $ 201,000 | $ 201,000 | $ 0 |
| Waynesboro, Virginia | 1 | $ 110,000 | $ 110,000 | $ 58,000 |
| Williamsburg, Virginia | 1 | $ 545,000 | $ 545,000 | $ 96,000 |
| Winchester, Virginia | 1 | $ 3,000 | $ 3,000 | $ 43,000 |
| Jefferson, West Virginia | 1 | $ 156,000 | $ 156,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2015
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 | 414 | $101,698,000 | $245,000 | $11,250,000 | $71,000 | $2,242,000 |
| Home Purchase | 370 | $70,606,000 | $190,000 | $2,720,000 | $68,000 | $3,741,000 |
| Home Improvement | 246 | $10,957,000 | $44,000 | $1,000,000 | $61,000 | $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 | 565 | $60,048,000 | $106,000 | $1,800,000 | $108,000 | $3,741,000 |
| Not applicable | 346 | $115,734,000 | $334,000 | $11,250,000 | $0 | $0 |
| Black or African American | 63 | $3,046,000 | $48,000 | $547,000 | $63,000 | $326,000 |
| Not Provided | 24 | $1,554,000 | $64,000 | $304,000 | $90,000 | $282,000 |
| Hispanic | 17 | $1,300,000 | $76,000 | $150,000 | $57,000 | $131,000 |
| Asian | 10 | $1,286,000 | $128,000 | $500,000 | $135,000 | $235,000 |
| American Indian or Alaskan Native | 5 | $293,000 | $58,000 | $200,000 | $71,000 | $103,000 |
| 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) | 1,030 | $183,261,000 | $177,000 | $11,250,000 | $68,000 | $3,741,000 |
| 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 | 634 | $132,704,000 | $209,000 | $11,250,000 | $83,000 | $3,741,000 |
| Application Withdrawn By Applicant | 155 | $13,601,000 | $87,000 | $846,000 | $64,000 | $282,000 |
| Application Denied By Financial Institution | 135 | $10,500,000 | $77,000 | $1,800,000 | $53,000 | $364,000 |
| Loan Purchased By The Institution | 106 | $26,456,000 | $249,000 | $3,570,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 68 | $5,068,000 | $74,000 | $1,800,000 | $49,000 | $252,000 |
| Credit History | 47 | $3,569,000 | $75,000 | $1,675,000 | $47,000 | $194,000 |
| Collateral | 8 | $1,227,000 | $153,000 | $582,000 | $123,000 | $364,000 |
| Employment History | 7 | $233,000 | $33,000 | $125,000 | $55,000 | $118,000 |
| Unverifiable Information | 5 | $403,000 | $80,000 | $158,000 | $46,000 | $104,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust's 2015 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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