Fairfax County
Virginia · FIPS 51059
According to CFPB HMDA 2024 application volume among U.S. counties, Fairfax County ranks #54 of 3,210, and #1 of 133 in Virginia.
Mortgage lending activity in Fairfax 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. Fairfax County, Virginia saw 34,631 HMDA-reported mortgage applications in 2024. Lenders originated 18,439 of those loans and denied 5,039, producing a denial rate of 14.6% and an approval (origination) rate of 53.2%. The average loan amount was $561,311 at an average note rate of 7.12%, with applicants self-reporting average annual income of $38K. 481 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 14.8x, meaning typical borrowers took on mortgages of about 14.8 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Fairfax County
In Fairfax County, lead originator Navy Federal Credit Union funded only 6.7% of 18,439 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 16.2% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Fairfax County's 34,631 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Fairfax County's $561,311 average loan (deduped against volume peers).
Lenders active in Fairfax County
Navy Federal Credit Union funded 1,233 of the 18,439 loans originated in Fairfax County, 6.7% of the county. 481 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Navy Federal Credit Union | 1,233 | 6.7% |
| 2 | Rocket Mortgage | 976 | 5.3% |
| 3 | United Wholesale Mortgage | 770 | 4.2% |
| 4 | Truist Bank | 729 | 4.0% |
| 5 | Bank of America NA | 479 | 2.6% |
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 Fairfax 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 Fairfax 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.