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2024 data HMDA 2024 disclosure official source

Alleghany County

434 mortgage applications, 17.1% denial rate. Verify FIPS 51005 with U.S. Census Bureau →

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Virginia · FIPS 51005

Local mortgage market. Alleghany County, Virginia saw 434 HMDA-reported mortgage applications in 2024. Lenders originated 225 of those loans and denied 74, producing a denial rate of 17.1% and an approval (origination) rate of 51.8%. The average loan amount was $147,581 at an average note rate of 7.40%, with applicants self-reporting average annual income of $36K. 58 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.1x, meaning typical borrowers took on mortgages of about 4.1 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 51005 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

434
Applications
225
Originated
17.1%
Denial Rate
51.8%
Approval Rate
$147,581
Avg Loan Amount
7.40%
Avg Interest Rate
$36K
Avg Applicant Income
4.1x
Loan-to-Income Ratio

Nearby Lenders in Alleghany 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 ALCOVA Mortgage, LLC 95 42.2%
2 First Ciitizens Bank and Trust 14 6.2%
3 Peoples Bank 12 5.3%
4 Rocket Mortgage 11 4.9%
5 Truist Bank 8 3.6%
Compare ALCOVA Mortgage, LLC vs First Ciitizens Bank and Trust →

Frequently Asked Questions

How many mortgage applications were filed in Alleghany County?
In the 2024 HMDA reporting year, 434 mortgage applications were filed in Alleghany County, Virginia. Of these, 225 were originated (approved and funded), while 74 were denied, resulting in a denial rate of 17.1%.
What is the mortgage denial rate in Alleghany County?
The mortgage denial rate in Alleghany County is 17.1%. The approval (origination) rate is 51.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Alleghany County?
The average mortgage loan amount in Alleghany County is $147,581. The average interest rate is 7.402%. The average applicant income is $36K.
What is the loan-to-income ratio in Alleghany County?
The average loan-to-income ratio in Alleghany County is 4.1x, meaning borrowers took on loans averaging 4.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Alleghany County?
The top mortgage lenders in Alleghany County by origination volume are ALCOVA Mortgage, LLC, First Ciitizens Bank and Trust, Peoples Bank. In total, 58 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.