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, Charlottesville, Washington, Greensboro, and Harrisonburg among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Virginia National Bank has an 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
68Origination Dollar Volume (All Markets)
$31,710,000Top 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) | 29 | $18,555,000 | $639,828 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 12 | $5,440,000 | $453,333 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $2,380,000 | $297,500 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,505,000 | $501,667 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $31,710,000 | $466,324 | $0 | 0.00% |
For 2022, Virginia National Bank's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 46 | $22,970,000 | $499,348 | $0 | 0.00% |
| Refi | 18 | $5,520,000 | $306,667 | $0 | 0.00% |
| Home Improvement | 4 | $3,220,000 | $805,000 | $0 | 0.00% |
For 2022, Virginia National Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $31,710,000 | $466,324 | $0 | 0.00% |
For 2022, Virginia National Bank's most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2022 saw Virginia National Bank place emphasis on $200k-400k loans with 25 originations, totaling $7,115,000 in origination value.
Applicant Income
Virginia National Bank lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $31,710,000 | $466,324 | $0 | 0.00% |
Virginia National Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.18%
Virginia National Bank has an average approval rate.
Pick Rate
Approvals leading to origination51.47%
Virginia National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $31,710,000 | $466,324 |