Albemarle County
Virginia · FIPS 51003
According to CFPB HMDA 2024 application volume among U.S. counties, Albemarle County ranks #577 of 3,210, and #20 of 133 in Virginia.
Mortgage lending activity in Albemarle County, Virginia based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Albemarle County
In Albemarle County, lead originator Uva Community Credit Union funded 11.3% of 2,150 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 23.7% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Albemarle County's 4,106 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Albemarle County's $378,953 average loan (deduped against volume peers).
Lenders active in Albemarle County
Uva Community Credit Union funded 244 of the 2,150 loans originated in Albemarle County, 11.3% of the county. 211 lenders reported activity here.
| # | 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% |
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; does not constitute financial advice for Albemarle County borrowers.
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 Albemarle County 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.