Virginia Partners Bank Mortgage Rates, Fees & Info
Richmond, VALEI: 2549004R5IWT90NBTB98
Tax ID: 26-0473514
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Mortgage Data
Review & Overview
Virginia Partners Bank is a smaller bank specializing in Home Purchase loans. Virginia Partners Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Staunton, Virginia Beach, Beckley, and California among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Virginia Partners Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
70Origination Dollar Volume (All Markets)
$32,370,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 46 | $22,360,000 | $486,087 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $6,440,000 | $357,778 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $32,370,000 | $462,429 | $0 | 0.00% |
For 2023, Virginia Partners Bank's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 60 | $30,100,000 | $501,667 | $0 | 0.00% |
| Refi | 6 | $1,880,000 | $313,333 | $0 | 0.00% |
| Home Improvement | 4 | $390,000 | $97,500 | $0 | 0.00% |
For 2023, Virginia Partners Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $32,370,000 | $462,429 | $0 | 0.00% |
For 2023, Virginia Partners Bank's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2023 saw Virginia Partners Bank place emphasis on $200k-400k loans with 22 originations, totaling $6,050,000 in origination value.
Applicant Income
Virginia Partners Bank lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $32,370,000 | $462,429 | $0 | 0.00% |
Virginia Partners Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.26%
Virginia Partners Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.57%
Virginia Partners Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $32,370,000 | $462,429 |