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2024 data HMDA 2024 disclosure official source

Carroll County

1,060 mortgage applications, 21.0% denial rate. Verify FIPS 51035 with U.S. Census Bureau →

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Virginia · FIPS 51035

Local mortgage market. Carroll County, Virginia saw 1,060 HMDA-reported mortgage applications in 2024. Lenders originated 531 of those loans and denied 223, producing a denial rate of 21.0% and an approval (origination) rate of 50.1%. The average loan amount was $164,047 at an average note rate of 7.24%, with applicants self-reporting average annual income of $36K. 108 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.6x, meaning typical borrowers took on mortgages of about 4.6 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 51035 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,060
Applications
531
Originated
21.0%
Denial Rate
50.1%
Approval Rate
$164,047
Avg Loan Amount
7.24%
Avg Interest Rate
$36K
Avg Applicant Income
4.6x
Loan-to-Income Ratio

Nearby Lenders in Carroll 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 Skyline National Bank 71 13.4%
2 Atlantic Bay Mortgage Group 48 9.0%
3 Rocket Mortgage 40 7.5%
4 Truist Bank 26 4.9%
5 EMM Loans LLC 20 3.8%
Compare Skyline National Bank vs Atlantic Bay Mortgage Group →

Frequently Asked Questions

How many mortgage applications were filed in Carroll County?
In the 2024 HMDA reporting year, 1,060 mortgage applications were filed in Carroll County, Virginia. Of these, 531 were originated (approved and funded), while 223 were denied, resulting in a denial rate of 21.0%.
What is the mortgage denial rate in Carroll County?
The mortgage denial rate in Carroll County is 21.0%. The approval (origination) rate is 50.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Carroll County?
The average mortgage loan amount in Carroll County is $164,047. The average interest rate is 7.235%. The average applicant income is $36K.
What is the loan-to-income ratio in Carroll County?
The average loan-to-income ratio in Carroll County is 4.6x, meaning borrowers took on loans averaging 4.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Carroll County?
The top mortgage lenders in Carroll County by origination volume are Skyline National Bank, Atlantic Bay Mortgage Group, Rocket Mortgage. In total, 108 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.