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2024 data HMDA 2024 disclosure official source

King and Queen County

318 mortgage applications, 19.5% denial rate. Verify FIPS 51097 with U.S. Census Bureau →

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Virginia · FIPS 51097

Local mortgage market. King and Queen County, Virginia saw 318 HMDA-reported mortgage applications in 2024. Lenders originated 149 of those loans and denied 62, producing a denial rate of 19.5% and an approval (origination) rate of 46.9%. The average loan amount was $211,730 at an average note rate of 7.12%, with applicants self-reporting average annual income of $38K. 67 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.6x, meaning typical borrowers took on mortgages of about 5.6 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 51097 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

318
Applications
149
Originated
19.5%
Denial Rate
46.9%
Approval Rate
$211,730
Avg Loan Amount
7.12%
Avg Interest Rate
$38K
Avg Applicant Income
5.6x
Loan-to-Income Ratio

Nearby Lenders in King and Queen 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 10 6.7%
2 Rocket Mortgage 8 5.4%
3 United Wholesale Mortgage 8 5.4%
4 Citizens and Farmers Bank 7 4.7%
5 C&F Mortgage CORP 7 4.7%
Compare United Bank vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in King and Queen County?
In the 2024 HMDA reporting year, 318 mortgage applications were filed in King and Queen County, Virginia. Of these, 149 were originated (approved and funded), while 62 were denied, resulting in a denial rate of 19.5%.
What is the mortgage denial rate in King and Queen County?
The mortgage denial rate in King and Queen County is 19.5%. The approval (origination) rate is 46.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in King and Queen County?
The average mortgage loan amount in King and Queen County is $211,730. The average interest rate is 7.122%. The average applicant income is $38K.
What is the loan-to-income ratio in King and Queen County?
The average loan-to-income ratio in King and Queen County is 5.6x, meaning borrowers took on loans averaging 5.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in King and Queen County?
The top mortgage lenders in King and Queen County by origination volume are United Bank, Rocket Mortgage, United Wholesale Mortgage. In total, 67 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.