Virginia National Bank Mortgage Rates, Fees & Info
Charlottesville, VALEI: 549300XE6SNRPD2GUD44
Tax ID: 54-1902129
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Virginia National Bank is a smaller bank specializing in Home Purchase loans. Virginia National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Jacksonville, Washington, Chattanooga, and Charlottesville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Virginia National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
58Origination Dollar Volume (All Markets)
$67,250,000Top 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 |
|---|---|---|---|---|---|
| RICHMOND, VA (FHA|USDA|VA) | 25 | $32,975,000 | $1,319,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $14,550,000 | $7,275,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 15 | $13,745,000 | $916,333 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $2,555,000 | $2,555,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 5 | $1,345,000 | $269,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $550,000 | $137,500 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $67,250,000 | $1,159,483 | $0 | 0.00% |
For 2023, Virginia National Bank's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 40 | $57,880,000 | $1,447,000 | $0 | 0.00% |
| Refi | 16 | $8,860,000 | $553,750 | $0 | 0.00% |
| Home Improvement | 2 | $510,000 | $255,000 | $0 | 0.00% |
For 2023, Virginia National Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $67,250,000 | $1,159,483 | $0 | 0.00% |
For 2023, Virginia National Bank's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2023 saw Virginia National Bank place emphasis on $100k-200k loans with 15 originations, totaling $2,165,000 in origination value.
Applicant Income
Virginia National Bank lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $67,250,000 | $1,159,483 | $0 | 0.00% |
Virginia National Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.24%
Virginia National Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.41%
Virginia National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 58 | $67,250,000 | $1,159,483 |