Burke & Herbert Bank & Trust at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
29th15.9% deniedPricingmedian rate spread over APOR, weight 30%
44th0.31 ptsProcesswithdrawn + incomplete share, weight 15%
26th17.5%Closing coststotal loan costs ÷ loan amount, weight 10%
20th2.97% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 241 | 179 | 5.0% | 6.3% | — | $117M |
| 2024 | 722 | 480 | 12.6% | 15.3% | 7.50% | $162M |
| 2025 | 756 | 512 | 13.1% | 15.9% | 7.25% | $177M |
What Burke & Herbert Bank & Trust lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 342 home-equity lines, 0 reverse mortgages, 37 manufactured homes, 139 investment properties.
Why Burke & Herbert Bank & Trust denies applications
Primary reason reported for each of the 99 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Burke & Herbert Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 88 | 43 | 36.8% |
| $50k – $100k | 210 | 136 | 19.5% |
| $100k – $150k | 125 | 82 | 17.2% |
| $150k – $250k | 117 | 86 | 10.4% |
| Over $250k | 94 | 71 | 5.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 83 | 61 | 6.2% |
| 35–44 | 111 | 71 | 19.1% |
| 45–54 | 148 | 98 | 19.5% |
| 55–64 | 146 | 96 | 20.5% |
| 65–74 | 97 | 54 | 25.7% |
| Over 74 | 53 | 37 | 11.6% |
Where Burke & Herbert Bank & Trust lends
13 states and 112 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Virginia | 334 | 238 | 13.5% | 7.14% | #148 |
| West Virginia | 278 | 183 | 11.2% | 7.50% | #45 |
| Maryland | 94 | 62 | 12.8% | 6.50% | #238 |
| Kentucky | 17 | 13 | 17.7% | 7.00% | #371 |
| Delaware | 9 | 6 | 11.1% | 7.88% | #253 |
| District of Columbia | 8 | 2 | 50.0% | 7.25% | #202 |
Frequently asked questions
Burke & Herbert Bank & Trust denied 15.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 29th percentile of small mortgage lenders.
The most common reason Burke & Herbert Bank & Trust gave in 2025 was "debt-to-income ratio", cited on 44.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Burke & Herbert Bank & Trust originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 0.31 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 36% of its applications were for home purchases, 20% for refinancing (including cash-out), and 44% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.