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2024 data HMDA 2024 disclosure official source

Albemarle County

4,106 mortgage applications, 13.9% denial rate. Verify FIPS 51003 with U.S. Census Bureau →

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Virginia · FIPS 51003

Local mortgage market. Albemarle County, Virginia saw 4,106 HMDA-reported mortgage applications in 2024. Lenders originated 2,150 of those loans and denied 569, producing a denial rate of 13.9% and an approval (origination) rate of 52.4%. The average loan amount was $378,953 at an average note rate of 7.03%, with applicants self-reporting average annual income of $36K. 211 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.5x, meaning typical borrowers took on mortgages of about 10.5 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 51003 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,106
Applications
2,150
Originated
13.9%
Denial Rate
52.4%
Approval Rate
$378,953
Avg Loan Amount
7.03%
Avg Interest Rate
$36K
Avg Applicant Income
10.5x
Loan-to-Income Ratio

Nearby Lenders in Albemarle County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Uva Community Credit Union 244 11.3%
2 First Heritage Mortgage, LLC 144 6.7%
3 Rocket Mortgage 121 5.6%
4 Gray Fox Mortgage, LLC 116 5.4%
5 Fulton Bank, National Association 111 5.2%
Compare Uva Community Credit Union vs First Heritage Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Albemarle County?
In the 2024 HMDA reporting year, 4,106 mortgage applications were filed in Albemarle County, Virginia. Of these, 2,150 were originated (approved and funded), while 569 were denied, resulting in a denial rate of 13.9%.
What is the mortgage denial rate in Albemarle County?
The mortgage denial rate in Albemarle County is 13.9%. The approval (origination) rate is 52.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Albemarle County?
The average mortgage loan amount in Albemarle County is $378,953. The average interest rate is 7.032%. The average applicant income is $36K.
What is the loan-to-income ratio in Albemarle County?
The average loan-to-income ratio in Albemarle County is 10.5x, meaning borrowers took on loans averaging 10.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Albemarle County?
The top mortgage lenders in Albemarle County by origination volume are Uva Community Credit Union, First Heritage Mortgage, LLC, Rocket Mortgage. In total, 211 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.