Union Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Union Bank & Trust of Richmond, VA reported 1,120 mortgage applications totaling $235.8 million, up 9% from 2015. The average application was for $210,548, and applicants reported an average income of $51,974. 62% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Richmond, VA (285), Washington-Arlington-Alexandria, DC-VA-MD-WV (178) and Virginia Beach-Norfolk-Newport News, VA-NC (139) (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 | 1,120 |
| Total Mortgage Loan Application Amount | $235,814,000 |
| Average Mortgage Loan Application Amount | $210,548 |
| Highest Mortgage Loan Application Amount | $14,000,000 |
| Average Applicant Income | $51,974 |
| Highest Applicant Income | $3,298,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 88 | $ 30,489,000 | $ 346,465 | $ 36,000 |
| Henrico, Virginia | 76 | $ 19,650,000 | $ 258,552 | $ 31,000 |
| Chesterfield, Virginia | 48 | $ 12,501,000 | $ 260,437 | $ 54,000 |
| Spotsylvania, Virginia | 46 | $ 7,059,000 | $ 153,456 | $ 56,000 |
| Roanoke City, Virginia | 44 | $ 8,801,000 | $ 200,022 | $ 15,000 |
| Pulaski, Virginia | 42 | $ 2,154,000 | $ 51,285 | $ 31,000 |
| Montgomery, Virginia | 40 | $ 5,659,000 | $ 141,475 | $ 32,000 |
| Hampton, Virginia | 36 | $ 5,414,000 | $ 150,388 | $ 36,000 |
| Bedford, Virginia | 30 | $ 2,961,000 | $ 98,700 | $ 92,000 |
| Augusta, Virginia | 26 | $ 2,462,000 | $ 94,692 | $ 37,000 |
| Hanover, Virginia | 24 | $ 2,973,000 | $ 123,875 | $ 98,000 |
| Newport News, Virginia | 23 | $ 2,608,000 | $ 113,391 | $ 4,000 |
| Rappahannock, Virginia | 23 | $ 7,795,000 | $ 338,913 | $ 58,000 |
| Staunton, Virginia | 23 | $ 2,286,000 | $ 99,391 | $ 27,000 |
| Caroline, Virginia | 22 | $ 1,385,000 | $ 62,954 | $ 41,000 |
| Fredericksburg, Virginia | 19 | $ 8,719,000 | $ 458,894 | $ 81,000 |
| Orange, Virginia | 19 | $ 1,245,000 | $ 65,526 | $ 63,000 |
| Roanoke, Virginia | 17 | $ 2,317,000 | $ 136,294 | $ 22,000 |
| Virginia Beach, Virginia | 17 | $ 23,304,000 | $ 1,370,823 | $ 10,000 |
| Rockingham, Virginia | 16 | $ 2,993,000 | $ 187,062 | $ 41,000 |
| Stafford, Virginia | 16 | $ 2,309,000 | $ 144,312 | $ 170,000 |
| Franklin, Virginia | 15 | $ 1,162,000 | $ 77,466 | $ 33,000 |
| James City, Virginia | 15 | $ 1,889,000 | $ 125,933 | $ 0 |
| Warren, Virginia | 15 | $ 1,607,000 | $ 107,133 | $ 277,000 |
| King George, Virginia | 14 | $ 2,577,000 | $ 184,071 | $ 31,000 |
| Albemarle, Virginia | 13 | $ 2,798,000 | $ 215,230 | $ 262,000 |
| Chesapeake, Virginia | 13 | $ 2,820,000 | $ 216,923 | $ 110,000 |
| Rockbridge, Virginia | 13 | $ 1,143,000 | $ 87,923 | $ 65,000 |
| Westmoreland, Virginia | 13 | $ 1,510,000 | $ 116,153 | $ 66,000 |
| Charlottesville, Virginia | 12 | $ 2,747,000 | $ 228,916 | $ 44,000 |
| Culpeper, Virginia | 12 | $ 1,689,000 | $ 140,750 | $ 49,000 |
| Portsmouth, Virginia | 11 | $ 1,633,000 | $ 148,454 | $ 30,000 |
| Prince William, Virginia | 11 | $ 2,866,000 | $ 260,545 | $ 15,000 |
| Richmond, Virginia | 11 | $ 4,309,000 | $ 391,727 | $ 155,000 |
| Madison, Virginia | 10 | $ 1,635,000 | $ 163,500 | $ 47,000 |
| Norfolk, Virginia | 10 | $ 3,178,000 | $ 317,800 | $ 33,000 |
| York, Virginia | 10 | $ 2,070,000 | $ 207,000 | $ 0 |
| Fairfax, Virginia | 9 | $ 3,515,000 | $ 390,555 | $ 4,000 |
| Fauquier, Virginia | 9 | $ 2,257,000 | $ 250,777 | $ 63,000 |
| Floyd, Virginia | 9 | $ 314,000 | $ 34,888 | $ 46,000 |
| Louisa, Virginia | 9 | $ 839,000 | $ 93,222 | $ 28,000 |
| Salem, Virginia | 9 | $ 1,837,000 | $ 204,111 | $ 29,000 |
| Essex, Virginia | 8 | $ 1,978,000 | $ 247,250 | $ 32,000 |
| Nelson, Virginia | 8 | $ 845,000 | $ 105,625 | $ 110,000 |
| Giles, Virginia | 7 | $ 89,000 | $ 12,714 | $ 40,000 |
| Goochland, Virginia | 7 | $ 2,699,000 | $ 385,571 | $ 53,000 |
| Lynchburg, Virginia | 7 | $ 411,000 | $ 58,714 | $ 60,000 |
| Charles, Maryland | 6 | $ 803,000 | $ 133,833 | $ 24,000 |
| Buena Vista, Virginia | 6 | $ 438,000 | $ 73,000 | $ 47,000 |
| Frederick, Virginia | 6 | $ 1,099,000 | $ 183,166 | $ 60,000 |
| Radford, Virginia | 6 | $ 946,000 | $ 157,666 | $ 18,000 |
| Waynesboro, Virginia | 6 | $ 410,000 | $ 68,333 | $ 14,000 |
| King William, Virginia | 5 | $ 534,000 | $ 106,800 | $ 61,000 |
| Loudoun, Virginia | 5 | $ 2,166,000 | $ 433,200 | $ 76,000 |
| Petersburg, Virginia | 5 | $ 2,936,000 | $ 587,200 | $ 28,000 |
| Wythe, Virginia | 5 | $ 358,000 | $ 71,600 | $ 48,000 |
| Campbell, Virginia | 4 | $ 400,000 | $ 100,000 | $ 19,000 |
| Covington, Virginia | 4 | $ 51,000 | $ 12,750 | $ 29,000 |
| Harrisonburg, Virginia | 4 | $ 1,981,000 | $ 495,250 | $ 10,000 |
| Lancaster, Virginia | 4 | $ 326,000 | $ 81,500 | $ 70,000 |
| Prince George's, Maryland | 3 | $ 336,000 | $ 112,000 | $ 0 |
| Amherst, Virginia | 3 | $ 451,000 | $ 150,333 | $ 14,000 |
| Appomattox, Virginia | 3 | $ 222,000 | $ 74,000 | $ 88,000 |
| Botetourt, Virginia | 3 | $ 717,000 | $ 239,000 | $ 42,000 |
| Greene, Virginia | 3 | $ 1,534,000 | $ 511,333 | $ 44,000 |
| Shenandoah, Virginia | 3 | $ 487,000 | $ 162,333 | $ 135,000 |
| Anne Arundel, Maryland | 2 | $ 271,000 | $ 135,500 | $ 0 |
| Montgomery, Maryland | 2 | $ 929,000 | $ 464,500 | $ 0 |
| Alexandria, Virginia | 2 | $ 287,000 | $ 143,500 | $ 1,763,000 |
| Amelia, Virginia | 2 | $ 709,000 | $ 354,500 | $ 0 |
| Bland, Virginia | 2 | $ 10,000 | $ 5,000 | $ 38,000 |
| Fluvanna, Virginia | 2 | $ 28,000 | $ 14,000 | $ 60,000 |
| Highland, Virginia | 2 | $ 371,000 | $ 185,500 | $ 42,000 |
| Middlesex, Virginia | 2 | $ 150,000 | $ 75,000 | $ 18,000 |
| Northumberland, Virginia | 2 | $ 515,000 | $ 257,500 | $ 102,000 |
| Patrick, Virginia | 2 | $ 821,000 | $ 410,500 | $ 21,000 |
| Powhatan, Virginia | 2 | $ 590,000 | $ 295,000 | $ 46,000 |
| Williamsburg, Virginia | 2 | $ 264,000 | $ 132,000 | $ 0 |
| Mercer, West Virginia | 2 | $ 655,000 | $ 327,500 | $ 114,000 |
| District of Columbia, District Of Columbia | 1 | $ 1,133,000 | $ 1,133,000 | $ 0 |
| Flagler, Florida | 1 | $ 344,000 | $ 344,000 | $ 0 |
| Knox, Maine | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Baltimore, Maryland | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Baltimore City, Maryland | 1 | $ 69,000 | $ 69,000 | $ 0 |
| Frederick, Maryland | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Queens, New York | 1 | $ 413,000 | $ 413,000 | $ 25,000 |
| Brunswick, North Carolina | 1 | $ 177,000 | $ 177,000 | $ 0 |
| Dare, North Carolina | 1 | $ 800,000 | $ 800,000 | $ 0 |
| Onslow, North Carolina | 1 | $ 194,000 | $ 194,000 | $ 0 |
| Anderson, South Carolina | 1 | $ 238,000 | $ 238,000 | $ 0 |
| Charleston, South Carolina | 1 | $ 356,000 | $ 356,000 | $ 0 |
| Lexington, South Carolina | 1 | $ 111,000 | $ 111,000 | $ 0 |
| Richland, South Carolina | 1 | $ 337,000 | $ 337,000 | $ 0 |
| Alleghany, Virginia | 1 | $ 73,000 | $ 73,000 | $ 56,000 |
| Bath, Virginia | 1 | $ 90,000 | $ 90,000 | $ 0 |
| Buckingham, Virginia | 1 | $ 290,000 | $ 290,000 | $ 0 |
| Colonial Heights, Virginia | 1 | $ 68,000 | $ 68,000 | $ 55,000 |
| Craig, Virginia | 1 | $ 55,000 | $ 55,000 | $ 25,000 |
| Dinwiddie, Virginia | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Franklin City, Virginia | 1 | $ 855,000 | $ 855,000 | $ 0 |
| Hopewell, Virginia | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Isle of Wight, Virginia | 1 | $ 89,000 | $ 89,000 | $ 0 |
| King and Queen, Virginia | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Manassas, Virginia | 1 | $ 218,000 | $ 218,000 | $ 0 |
| Mathews, Virginia | 1 | $ 320,000 | $ 320,000 | $ 0 |
| New Kent, Virginia | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Prince George, Virginia | 1 | $ 172,000 | $ 172,000 | $ 0 |
| Sussex, Virginia | 1 | $ 29,000 | $ 29,000 | $ 0 |
| Winchester, Virginia | 1 | $ 241,000 | $ 241,000 | $ 0 |
| Wise, Virginia | 1 | $ 54,000 | $ 54,000 | $ 0 |
| Greenbrier, West Virginia | 1 | $ 20,000 | $ 20,000 | $ 9,000 |
| Hardy, West Virginia | 1 | $ 38,000 | $ 38,000 | $ 27,000 |
| Kanawha, West Virginia | 1 | $ 4,000 | $ 4,000 | $ 38,000 |
| Pocahontas, West Virginia | 1 | $ 518,000 | $ 518,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2016
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 | 499 | $134,147,000 | $268,000 | $14,000,000 | $37,000 | $3,298,000 |
| Refinancing | 373 | $89,891,000 | $240,000 | $5,000,000 | $68,000 | $2,656,000 |
| Home Improvement | 248 | $11,776,000 | $47,000 | $1,000,000 | $58,000 | $563,000 |
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 | 560 | $182,947,000 | $326,000 | $14,000,000 | $0 | $0 |
| White | 463 | $44,506,000 | $96,000 | $2,292,000 | $104,000 | $2,819,000 |
| Black or African American | 53 | $4,252,000 | $80,000 | $1,350,000 | $87,000 | $337,000 |
| Not Provided | 18 | $779,000 | $43,000 | $155,000 | $59,000 | $143,000 |
| Asian | 14 | $2,562,000 | $183,000 | $500,000 | $332,000 | $3,298,000 |
| Hispanic | 11 | $680,000 | $61,000 | $250,000 | $40,000 | $93,000 |
| American Indian or Alaskan Native | 1 | $88,000 | $88,000 | $88,000 | $47,000 | $47,000 |
| Native Hawaiin 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) | 1,120 | $235,814,000 | $210,000 | $14,000,000 | $52,000 | $3,298,000 |
| 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 | 694 | $157,231,000 | $226,000 | $14,000,000 | $66,000 | $3,298,000 |
| Loan Purchased By The Institution | 192 | $61,962,000 | $322,000 | $1,350,000 | $0 | $0 |
| Application Denied By Financial Institution | 131 | $6,983,000 | $53,000 | $300,000 | $45,000 | $856,000 |
| Application Withdrawn By Applicant | 103 | $9,638,000 | $93,000 | $1,200,000 | $65,000 | $460,000 |
| 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 | 64 | $3,588,000 | $56,000 | $300,000 | $46,000 | $856,000 |
| Credit History | 51 | $2,475,000 | $48,000 | $247,000 | $40,000 | $159,000 |
| Collateral | 9 | $533,000 | $59,000 | $107,000 | $70,000 | $179,000 |
| Employment History | 4 | $28,000 | $7,000 | $10,000 | $59,000 | $104,000 |
| Unverifiable Information | 3 | $359,000 | $119,000 | $225,000 | $32,000 | $96,000 |
| 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 2016 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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