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2024 data HMDA 2024 disclosure official source

Fairfax County

34,631 mortgage applications, 14.6% denial rate. Verify FIPS 51059 with U.S. Census Bureau →

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Virginia · FIPS 51059

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.

FIPS 51059 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

34,631
Applications
18,439
Originated
14.6%
Denial Rate
53.2%
Approval Rate
$561,311
Avg Loan Amount
7.12%
Avg Interest Rate
$38K
Avg Applicant Income
14.8x
Loan-to-Income Ratio

Nearby Lenders in Fairfax 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 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%
Compare Navy Federal Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Fairfax County?
In the 2024 HMDA reporting year, 34,631 mortgage applications were filed in Fairfax County, Virginia. Of these, 18,439 were originated (approved and funded), while 5,039 were denied, resulting in a denial rate of 14.6%.
What is the mortgage denial rate in Fairfax County?
The mortgage denial rate in Fairfax County is 14.6%. The approval (origination) rate is 53.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Fairfax County?
The average mortgage loan amount in Fairfax County is $561,311. The average interest rate is 7.118%. The average applicant income is $38K.
What is the loan-to-income ratio in Fairfax County?
The average loan-to-income ratio in Fairfax County is 14.8x, meaning borrowers took on loans averaging 14.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Fairfax County?
The top mortgage lenders in Fairfax County by origination volume are Navy Federal Credit Union, Rocket Mortgage, United Wholesale Mortgage. In total, 481 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.