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Burke & Herbert Bank & Trust Company

Bank•Alexandria, VAHQ•Direct•Reviews near you on Google

Burke & Herbert Bank & Trust Company has 205 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Acceptable
2/5
closing strength
Product
Sound
3/5
Conventional · Jumbo
Place
Sound
3/5
Multi-Region · 3 mkts
Promptness
Not enough data
—/5
No quote responses measured yet

Safe Rate Summary

What They Do Well

  • Competitive pricing compared to the market
  • Lower than average lender fees

Things to Think About

  • Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Burke & Herbert Bank & Trust Company performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+12.0 bps above market avg
4/5
Pull Through
Closing strength
Acceptable
Bottom 40% of lenders
2/5
By Loan Product· Specialization by type
Conventional
195 loans · 0.10% above market
Sound
Top 60% of lenders
3/5
Jumbo
10 loans · 0.48% above market
Sound
Top 60% of lenders
3/5
By Loan Purpose· Transaction purpose mix
Purchase
165 loans · 0.05% above market
Acceptable
Bottom 40% of lenders
2/5
Refinance
40 loans · 0.37% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 4 markets
Sound
Top 60% of lenders
3/5

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Strong
Pull Through
Sound
Volume195
Mix95.1%
Spread
+0.101%Above
Fees
$1,412Fees
Jumbo Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through—
Volume10
Mix4.9%
Spread
+0.483%Above
Fees
$2,703Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Acceptable
Pricing
Strong
Pull Through
Acceptable
Volume165
Mix80.5%
Spread
+0.054%Above
Fees
$1,495Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Sound
Volume40
Mix19.5%
Spread
+0.366%Above
Fees
$1,405Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
205
Applications
296
Volume
$81 million
Pricing & Closing
Avg Rate Spread
+0.120%
vs. market APOR
Avg Net Fees
$1,476
Origination − Credits
Pullthrough Rate
69.3%
Applications → Closed
Typical Borrower
Avg Loan Amount
$395,732
Avg Borrower Income
$211,546
Avg Property Value
$548,073

Geographic Coverage

Geographic Performance

Metro Areas
3
markets with activity
States Served
9
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

9Full-year 2024 · HMDA
9 states with loan originations
Loans originated
< 2020+None
Midwest1
IL
South8
DCDEFLMDNCSCVAWV

Top Metro Areas by Place Specialization Score

1© Billy Hathorn · CC BY-SA 3.0
Arlington, VA-WVMetro
Volume 62Mix 30.24% of portfolio
66/100
Strong
Volume 11Mix 5.37% of portfolio
47/100
Sound
3© Ad Meskens · CC BY-SA 3.0
Washington, DC, DC-MDMetro
Volume 10Mix 4.88% of portfolio
45/100
Sound

Top States by Place Specialization Score

West Virginia
West Virginia
1
West VirginiaState
Volume 77Mix 37.56% of portfolio
74/100
Strong
Virginia
Virginia
2
VirginiaState
Volume 92Mix 44.88% of portfolio
68/100
Strong
Maryland
Maryland
3
MarylandState
Volume 18Mix 8.78% of portfolio
48/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps: Pricing, Product, Pull-Through, Place, and Promptness. Promptness measures how quickly a lender answers real shopper quote requests; a lender with none measured yet is counted at an estimate.

Our Point System (Max 50 Points)

10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion
Champion(80%+ = 40-50 points)
Superstar
Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary Safe Rate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

Looking for a different lender?

The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.