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2024 data HMDA 2024 disclosure official source

Gloucester County

2,011 mortgage applications, 15.6% denial rate. Verify FIPS 51073 with U.S. Census Bureau →

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Virginia · FIPS 51073

Local mortgage market. Gloucester County, Virginia saw 2,011 HMDA-reported mortgage applications in 2024. Lenders originated 1,067 of those loans and denied 313, producing a denial rate of 15.6% and an approval (origination) rate of 53.1%. The average loan amount was $241,822 at an average note rate of 7.18%, with applicants self-reporting average annual income of $37K. 143 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.5x, meaning typical borrowers took on mortgages of about 6.5 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 51073 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,011
Applications
1,067
Originated
15.6%
Denial Rate
53.1%
Approval Rate
$241,822
Avg Loan Amount
7.18%
Avg Interest Rate
$37K
Avg Applicant Income
6.5x
Loan-to-Income Ratio

Nearby Lenders in Gloucester 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 Langley Federal Credit Union 104 9.7%
2 BayPort Credit Union 89 8.3%
3 Atlantic Bay Mortgage Group 74 6.9%
4 Rocket Mortgage 67 6.3%
5 1st Advantage Federal Credit U 52 4.9%
Compare Langley Federal Credit Union vs BayPort Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Gloucester County?
In the 2024 HMDA reporting year, 2,011 mortgage applications were filed in Gloucester County, Virginia. Of these, 1,067 were originated (approved and funded), while 313 were denied, resulting in a denial rate of 15.6%.
What is the mortgage denial rate in Gloucester County?
The mortgage denial rate in Gloucester County is 15.6%. The approval (origination) rate is 53.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Gloucester County?
The average mortgage loan amount in Gloucester County is $241,822. The average interest rate is 7.180%. The average applicant income is $37K.
What is the loan-to-income ratio in Gloucester County?
The average loan-to-income ratio in Gloucester County is 6.5x, meaning borrowers took on loans averaging 6.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Gloucester County?
The top mortgage lenders in Gloucester County by origination volume are Langley Federal Credit Union, BayPort Credit Union, Atlantic Bay Mortgage Group. In total, 143 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.