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2024 data HMDA 2024 disclosure official source

Essex County

516 mortgage applications, 21.3% denial rate. Verify FIPS 51057 with U.S. Census Bureau →

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Virginia · FIPS 51057

Local mortgage market. Essex County, Virginia saw 516 HMDA-reported mortgage applications in 2024. Lenders originated 230 of those loans and denied 110, producing a denial rate of 21.3% and an approval (origination) rate of 44.6%. The average loan amount was $204,651 at an average note rate of 7.26%, with applicants self-reporting average annual income of $38K. 80 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.4x, meaning typical borrowers took on mortgages of about 5.4 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 51057 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

516
Applications
230
Originated
21.3%
Denial Rate
44.6%
Approval Rate
$204,651
Avg Loan Amount
7.26%
Avg Interest Rate
$38K
Avg Applicant Income
5.4x
Loan-to-Income Ratio

Nearby Lenders in Essex 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 United Bank 25 10.9%
2 Virginia Federal Credit Union 16 7.0%
3 Atlantic Union Bank 15 6.5%
4 Navy Federal Credit Union 15 6.5%
5 Movement Mortgage, LLC 13 5.7%
Compare United Bank vs Virginia Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Essex County?
In the 2024 HMDA reporting year, 516 mortgage applications were filed in Essex County, Virginia. Of these, 230 were originated (approved and funded), while 110 were denied, resulting in a denial rate of 21.3%.
What is the mortgage denial rate in Essex County?
The mortgage denial rate in Essex County is 21.3%. The approval (origination) rate is 44.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Essex County?
The average mortgage loan amount in Essex County is $204,651. The average interest rate is 7.257%. The average applicant income is $38K.
What is the loan-to-income ratio in Essex County?
The average loan-to-income ratio in Essex County is 5.4x, meaning borrowers took on loans averaging 5.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Essex County?
The top mortgage lenders in Essex County by origination volume are United Bank, Virginia Federal Credit Union, Atlantic Union Bank. In total, 80 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.