Virginia Partners Bank Mortgage Lending & HMDA Data, 2009
In 2009, Virginia Partners Bank of Richmond, VA reported 157 mortgage applications totaling $43.1 million. The average application was for $274,439, and applicants reported an average income of $237,267. 73% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (124), Richmond, VA (14) and Virginia Beach-Norfolk-Newport News, VA-NC (2) (applications in parentheses).
| Mortgage Company & Address | Virginia Partners Bank 410 William Street, P.O. Box 8029 Richmond, VA 22401 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 157 |
| Total Mortgage Loan Application Amount | $43,087,000 |
| Average Mortgage Loan Application Amount | $274,439 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $237,267 |
| Highest Applicant Income | $4,300,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Virginia Partners Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Spotsylvania, Virginia | 39 | $ 7,498,000 | $ 192,256 | $ 89,000 |
| Fredericksburg, Virginia | 38 | $ 13,010,000 | $ 342,368 | $ 133,000 |
| Stafford, Virginia | 31 | $ 8,912,000 | $ 287,483 | $ 105,000 |
| Caroline, Virginia | 8 | $ 612,000 | $ 76,500 | $ 61,000 |
| Calvert, Maryland | 7 | $ 1,821,000 | $ 260,142 | $ 2,230,000 |
| King George, Virginia | 6 | $ 4,246,000 | $ 707,666 | $ 109,000 |
| Prince William, Virginia | 4 | $ 474,000 | $ 118,500 | $ 121,000 |
| District of Columbia, District Of Columbia | 3 | $ 892,000 | $ 297,333 | $ 0 |
| Louisa, Virginia | 3 | $ 477,000 | $ 159,000 | $ 54,000 |
| Westmoreland, Virginia | 3 | $ 394,000 | $ 131,333 | $ 111,000 |
| Orange, Virginia | 2 | $ 342,000 | $ 171,000 | $ 0 |
| St. Mary's, Maryland | 1 | $ 273,000 | $ 273,000 | $ 4,300,000 |
| Worcester, Maryland | 1 | $ 245,000 | $ 245,000 | $ 315,000 |
| New York, New York | 1 | $ 547,000 | $ 547,000 | $ 268,000 |
| Chesterfield, Virginia | 1 | $ 693,000 | $ 693,000 | $ 232,000 |
| Culpeper, Virginia | 1 | $ 91,000 | $ 91,000 | $ 79,000 |
| Fairfax, Virginia | 1 | $ 200,000 | $ 200,000 | $ 92,000 |
| Fauquier, Virginia | 1 | $ 590,000 | $ 590,000 | $ 124,000 |
| Gloucester, Virginia | 1 | $ 260,000 | $ 260,000 | $ 0 |
| Henrico, Virginia | 1 | $ 127,000 | $ 127,000 | $ 543,000 |
| Middlesex, Virginia | 1 | $ 538,000 | $ 538,000 | $ 267,000 |
| Nelson, Virginia | 1 | $ 140,000 | $ 140,000 | $ 778,000 |
| Richmond City, Virginia | 1 | $ 155,000 | $ 155,000 | $ 179,000 |
| Virginia Beach, Virginia | 1 | $ 550,000 | $ 550,000 | $ 576,000 |
Mortgage Loan Application Detail Totals for Virginia Partners Bank in 2009
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 | 87 | $28,860,000 | $331,000 | $3,500,000 | $217,000 | $1,886,000 |
| Home Purchase | 57 | $13,514,000 | $237,000 | $900,000 | $284,000 | $4,300,000 |
| Home Improvement | 13 | $713,000 | $54,000 | $200,000 | $168,000 | $778,000 |
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 | 109 | $24,596,000 | $225,000 | $900,000 | $325,000 | $4,300,000 |
| Not applicable | 37 | $15,350,000 | $414,000 | $3,500,000 | $0 | $0 |
| Black or African American | 6 | $2,110,000 | $351,000 | $824,000 | $172,000 | $321,000 |
| Hispanic | 2 | $610,000 | $305,000 | $490,000 | $90,000 | $110,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $176,000 | $176,000 | $176,000 | $246,000 | $246,000 |
| Asian | 1 | $115,000 | $115,000 | $115,000 | $235,000 | $235,000 |
| Not Provided | 1 | $130,000 | $130,000 | $130,000 | $117,000 | $117,000 |
| American Indian or Alaskan Native | 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) | 157 | $43,087,000 | $274,000 | $3,500,000 | $237,000 | $4,300,000 |
| 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 | 114 | $27,403,000 | $240,000 | $3,500,000 | $207,000 | $1,886,000 |
| Application Denied By Financial Institution | 23 | $9,033,000 | $392,000 | $2,200,000 | $85,000 | $249,000 |
| Application Withdrawn By Applicant | 17 | $5,805,000 | $341,000 | $900,000 | $179,000 | $1,044,000 |
| Loan Purchased By The Institution | 2 | $696,000 | $348,000 | $423,000 | $4,300,000 | $4,300,000 |
| Application Approved But Not Accepted | 1 | $150,000 | $150,000 | $150,000 | $76,000 | $76,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 13 | $7,942,000 | $610,000 | $2,200,000 | $90,000 | $249,000 |
| Collateral | 5 | $735,000 | $147,000 | $200,000 | $117,000 | $173,000 |
| Credit History | 3 | $179,000 | $59,000 | $119,000 | $34,000 | $39,000 |
| Debt-To-Income Ratio | 1 | $175,000 | $175,000 | $175,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 1 | $2,000 | $2,000 | $2,000 | $48,000 | $48,000 |
| 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 Virginia Partners Bank's 2009 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 Virginia Partners Bank'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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