Village Bank and Trust Financial Corp Mortgage Lending & HMDA Data, 2024
In 2024, Village Bank and Trust Financial Corp of Midlothian, VA reported 147 mortgage applications totaling $23.2 million, down 22% from 2023. The average application was for $157,993, and applicants reported an average income of $169,564. 73% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Richmond, VA (133), Virginia Beach-Norfolk-Newport News, VA-NC (2) and Charlottesville, VA (1) (applications in parentheses).
| Mortgage Company & Address | Village Bank and Trust Financial Corp P.O. Box 330 Midlothian, VA 23113 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 147 |
| Total Mortgage Loan Application Amount | $23,225,000 |
| Average Mortgage Loan Application Amount | $157,993 |
| Highest Mortgage Loan Application Amount | $1,075,000 |
| Average Applicant Income | $169,564 |
| Highest Applicant Income | $900,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Village Bank and Trust Financial Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Chesterfield, Virginia | 38 | $ 4,570,000 | $ 120,263 | $ 135,000 |
| Henrico, Virginia | 30 | $ 3,230,000 | $ 107,666 | $ 120,000 |
| Hanover, Virginia | 28 | $ 5,040,000 | $ 180,000 | $ 140,000 |
| Richmond City, Virginia | 17 | $ 2,195,000 | $ 129,117 | $ 162,000 |
| Powhatan, Virginia | 12 | $ 1,290,000 | $ 107,500 | $ 205,000 |
| Westmoreland, Virginia | 5 | $ 1,665,000 | $ 333,000 | $ 0 |
| King William, Virginia | 2 | $ 120,000 | $ 60,000 | $ 44,000 |
| New Kent, Virginia | 2 | $ 170,000 | $ 85,000 | $ 64,000 |
| Baldwin, Alabama | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Albemarle, Virginia | 1 | $ 695,000 | $ 695,000 | $ 265,000 |
| Bath, Virginia | 1 | $ 705,000 | $ 705,000 | $ 0 |
| Colonial Heights, Virginia | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Cumberland, Virginia | 1 | $ 55,000 | $ 55,000 | $ 56,000 |
| Goochland, Virginia | 1 | $ 255,000 | $ 255,000 | $ 135,000 |
| Hopewell, Virginia | 1 | $ 25,000 | $ 25,000 | $ 0 |
| James City, Virginia | 1 | $ 255,000 | $ 255,000 | $ 111,000 |
| King and Queen, Virginia | 1 | $ 65,000 | $ 65,000 | $ 103,000 |
| Louisa, Virginia | 1 | $ 25,000 | $ 25,000 | $ 83,000 |
| Northumberland, Virginia | 1 | $ 905,000 | $ 905,000 | $ 551,000 |
| Prince Edward, Virginia | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Virginia Beach, Virginia | 1 | $ 1,075,000 | $ 1,075,000 | $ 241,000 |
Mortgage Loan Application Detail Totals for Village Bank and Trust Financial Corp in 2024
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 |
|---|---|---|---|---|---|---|
| Other Purpose | 69 | $6,255,000 | $90,000 | $355,000 | $124,000 | $510,000 |
| Home Improvement | 34 | $2,890,000 | $85,000 | $255,000 | $156,000 | $900,000 |
| Home Purchase | 33 | $11,865,000 | $359,000 | $1,075,000 | $291,000 | $551,000 |
| Refinancing | 11 | $2,215,000 | $201,000 | $955,000 | $133,000 | $323,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 73 | $10,195,000 | $139,000 | $1,075,000 | $159,000 | $900,000 |
| Not applicable | 29 | $7,325,000 | $252,000 | $705,000 | $0 | $0 |
| Not Provided | 15 | $3,595,000 | $239,000 | $955,000 | $150,000 | $333,000 |
| Black or African American | 15 | $1,295,000 | $86,000 | $245,000 | $98,000 | $210,000 |
| Hispanic | 12 | $610,000 | $50,000 | $75,000 | $94,000 | $174,000 |
| Asian | 3 | $205,000 | $68,000 | $95,000 | $118,000 | $133,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 147 | $23,225,000 | $157,000 | $1,075,000 | $145,000 | $900,000 |
| 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 | 107 | $14,095,000 | $131,000 | $705,000 | $143,000 | $900,000 |
| Application Denied By Financial Institution | 22 | $2,070,000 | $94,000 | $355,000 | $84,000 | $204,000 |
| Application Withdrawn By Applicant | 8 | $1,100,000 | $137,000 | $265,000 | $147,000 | $254,000 |
| Loan Purchased By The Institution | 7 | $5,775,000 | $825,000 | $1,075,000 | $325,000 | $551,000 |
| Application Approved But Not Accepted | 3 | $185,000 | $61,000 | $95,000 | $92,000 | $117,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 125 | $21,155,000 | $169,000 | $1,075,000 | $155,000 | $900,000 |
| Debt-To-Income Ratio | 10 | $940,000 | $94,000 | $245,000 | $73,000 | $125,000 |
| Credit History | 7 | $485,000 | $69,000 | $165,000 | $69,000 | $79,000 |
| Collateral | 3 | $235,000 | $78,000 | $155,000 | $92,000 | $143,000 |
| Credit Application Incomplete | 1 | $355,000 | $355,000 | $355,000 | $204,000 | $204,000 |
| Other | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Village Bank and Trust Financial Corp's 2024 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 Village Bank and Trust Financial Corp'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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