Burke & Herbert Bank & Trust in Virginia vs the state
13.5%Denial rate-2.47 pts vs state
15.8%Decision denial rate-4.46 pts vs state
71.3%Origination rate+11.74 pts vs state
7.14%Median rate+0.51 pts vs state
0.30Rate spread (pts)+0.07 pts vs state
$137kMedian applicant income
238Loans originated
45Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 190 | 144 | 5.3% | — | #195 |
| 2024 | 316 | 210 | 13.9% | 7.25% | #151 |
| 2025 | 334 | 238 | 13.5% | 7.14% | #148 |
What Burke & Herbert Bank & Trust lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Burke & Herbert Bank & Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 111 | 72 | 27 | 24.3% |
| Prince William County | 33 | 24 | 4 | 12.1% |
| Alexandria city | 33 | 29 | 2 | 6.1% |
| Loudoun County | 15 | 13 | 1 | 6.7% |
| Bath County | 11 | 3 | 1 | 9.1% |
| Wythe County | 10 | 8 | 0 | 0.0% |
| Tazewell County | 9 | 6 | 0 | 0.0% |
| Rockingham County | 9 | 6 | 0 | 0.0% |
| Arlington County | 8 | 6 | 0 | 0.0% |
| Montgomery County | 8 | 4 | 2 | 25.0% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 334 applications in 2025, of which 238 were originated and 45 denied.
13.5% of all applications, or 15.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Burke & Herbert Bank & Trust originated in Virginia in 2025 was 7.14%, against a statewide median of 6.63%.
About this data. Figures are Burke & Herbert Bank & Trust's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology