Union Bank & Trust Mortgage Lending & HMDA Data, 2017
In 2017, Union Bank & Trust of Richmond, VA reported 1,329 mortgage applications totaling $241.3 million, up 19% from 2016. The average application was for $181,579, and applicants reported an average income of $42,203. 60% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Richmond, VA (401), Washington-Arlington-Alexandria, DC-VA-MD-WV (217) and Virginia Beach-Norfolk-Newport News, VA-NC (191) (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 | 1,329 |
| Total Mortgage Loan Application Amount | $241,319,000 |
| Average Mortgage Loan Application Amount | $181,579 |
| Highest Mortgage Loan Application Amount | $8,385,000 |
| Average Applicant Income | $42,203 |
| Highest Applicant Income | $1,762,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Richmond, VA | 401 | $ 74,691,000 | $ 186,261 | $ 36,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 217 | $ 56,546,000 | $ 260,580 | $ 39,110 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 191 | $ 43,387,000 | $ 227,157 | $ 23,874 |
| Blacksburg-Christiansburg-Radford, VA | 95 | $ 5,851,000 | $ 61,589 | $ 42,000 |
| Roanoke, VA | 60 | $ 8,337,000 | $ 138,950 | $ 28,000 |
| Staunton-Waynesboro, VA | 59 | $ 8,045,000 | $ 136,355 | $ 58,000 |
| Lynchburg, VA | 47 | $ 4,412,000 | $ 93,872 | $ 72,000 |
| Charlottesville, VA | 36 | $ 9,104,000 | $ 252,888 | $ 86,000 |
| Harrisonburg, VA | 29 | $ 2,494,000 | $ 86,000 | $ 82,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 2,425,000 | $ 808,333 | $ 0 |
| Silver Spring-Frederick-Rockville, MD | 3 | $ 2,706,000 | $ 902,000 | $ 0 |
| Raleigh, NC | 2 | $ 235,000 | $ 117,500 | $ 14,000 |
| Winchester, VA-WV | 2 | $ 798,000 | $ 399,000 | $ 23,000 |
| Asheville, NC | 1 | $ 191,000 | $ 191,000 | $ 0 |
| Columbia, SC | 1 | $ 370,000 | $ 370,000 | $ 0 |
| Lancaster, PA | 1 | $ 48,000 | $ 48,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 10,000 | $ 10,000 | $ 29,000 |
| Rocky Mount, NC | 1 | $ 761,000 | $ 761,000 | $ 0 |
| Salisbury, MD-DE | 1 | $ 728,000 | $ 728,000 | $ 0 |
| Wilmington, NC | 1 | $ 150,000 | $ 150,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2017
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 | 534 | $128,663,000 | $240,000 | $7,875,000 | $22,000 | $759,000 |
| Refinancing | 441 | $97,952,000 | $222,000 | $8,385,000 | $58,000 | $1,762,000 |
| Home Improvement | 354 | $14,704,000 | $41,000 | $2,213,000 | $53,000 | $365,000 |
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 | 629 | $193,354,000 | $307,000 | $8,385,000 | $0 | $0 |
| White | 536 | $40,202,000 | $75,000 | $806,000 | $84,000 | $1,762,000 |
| Black or African American | 99 | $3,183,000 | $32,000 | $300,000 | $48,000 | $132,000 |
| Not Provided | 32 | $2,763,000 | $86,000 | $310,000 | $117,000 | $759,000 |
| Hispanic | 22 | $1,213,000 | $55,000 | $275,000 | $86,000 | $479,000 |
| Asian | 8 | $446,000 | $55,000 | $150,000 | $54,000 | $176,000 |
| American Indian or Alaskan Native | 3 | $158,000 | $52,000 | $80,000 | $49,000 | $79,000 |
| 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) | 1,329 | $241,319,000 | $181,000 | $8,385,000 | $42,000 | $1,762,000 |
| 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 | 797 | $154,688,000 | $194,000 | $8,385,000 | $45,000 | $1,762,000 |
| Application Denied By Financial Institution | 223 | $12,536,000 | $56,000 | $800,000 | $49,000 | $759,000 |
| Loan Purchased By The Institution | 166 | $56,288,000 | $339,000 | $2,800,000 | $0 | $0 |
| Application Withdrawn By Applicant | 143 | $17,807,000 | $124,000 | $1,100,000 | $64,000 | $500,000 |
| 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 | 120 | $8,048,000 | $67,000 | $800,000 | $42,000 | $230,000 |
| Credit History | 73 | $2,603,000 | $35,000 | $300,000 | $54,000 | $759,000 |
| Collateral | 19 | $1,325,000 | $69,000 | $172,000 | $85,000 | $375,000 |
| Unverifiable Information | 5 | $446,000 | $89,000 | $186,000 | $46,000 | $116,000 |
| Employment History | 5 | $50,000 | $10,000 | $30,000 | $37,000 | $68,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust's 2017 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