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2024 data HMDA 2024 disclosure official source

Bedford County

3,579 mortgage applications, 17.4% denial rate. Verify FIPS 51019 with U.S. Census Bureau →

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Virginia · FIPS 51019

Local mortgage market. Bedford County, Virginia saw 3,579 HMDA-reported mortgage applications in 2024. Lenders originated 1,899 of those loans and denied 624, producing a denial rate of 17.4% and an approval (origination) rate of 53.1%. The average loan amount was $246,067 at an average note rate of 7.17%, with applicants self-reporting average annual income of $36K. 224 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.8x, meaning typical borrowers took on mortgages of about 6.8 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 51019 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,579
Applications
1,899
Originated
17.4%
Denial Rate
53.1%
Approval Rate
$246,067
Avg Loan Amount
7.17%
Avg Interest Rate
$36K
Avg Applicant Income
6.8x
Loan-to-Income Ratio

Nearby Lenders in Bedford 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 Rocket Mortgage 174 9.2%
2 Member One Federal Credit Union 101 5.3%
3 Atlantic Union Bank 91 4.8%
4 Atlantic Bay Mortgage Group 86 4.5%
5 United Wholesale Mortgage 82 4.3%
Compare Rocket Mortgage vs Member One Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Bedford County?
In the 2024 HMDA reporting year, 3,579 mortgage applications were filed in Bedford County, Virginia. Of these, 1,899 were originated (approved and funded), while 624 were denied, resulting in a denial rate of 17.4%.
What is the mortgage denial rate in Bedford County?
The mortgage denial rate in Bedford County is 17.4%. The approval (origination) rate is 53.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Bedford County?
The average mortgage loan amount in Bedford County is $246,067. The average interest rate is 7.170%. The average applicant income is $36K.
What is the loan-to-income ratio in Bedford County?
The average loan-to-income ratio in Bedford County is 6.8x, meaning borrowers took on loans averaging 6.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Bedford County?
The top mortgage lenders in Bedford County by origination volume are Rocket Mortgage, Member One Federal Credit Union, Atlantic Union Bank. In total, 224 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.