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2024 data HMDA 2024 disclosure official source

Mathews County

479 mortgage applications, 15.0% denial rate. Verify FIPS 51115 with U.S. Census Bureau →

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Virginia · FIPS 51115

Local mortgage market. Mathews County, Virginia saw 479 HMDA-reported mortgage applications in 2024. Lenders originated 252 of those loans and denied 72, producing a denial rate of 15.0% and an approval (origination) rate of 52.6%. The average loan amount was $259,864 at an average note rate of 7.29%, with applicants self-reporting average annual income of $37K. 75 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.0x, meaning typical borrowers took on mortgages of about 7.0 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 51115 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

479
Applications
252
Originated
15.0%
Denial Rate
52.6%
Approval Rate
$259,864
Avg Loan Amount
7.29%
Avg Interest Rate
$37K
Avg Applicant Income
7.0x
Loan-to-Income Ratio

Nearby Lenders in Mathews 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 Movement Mortgage, LLC 25 9.9%
2 Rocket Mortgage 24 9.5%
3 Chesapeake Bank 23 9.1%
4 Atlantic Bay Mortgage Group 17 6.7%
5 Langley Federal Credit Union 15 6.0%
Compare Movement Mortgage, LLC vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Mathews County?
In the 2024 HMDA reporting year, 479 mortgage applications were filed in Mathews County, Virginia. Of these, 252 were originated (approved and funded), while 72 were denied, resulting in a denial rate of 15.0%.
What is the mortgage denial rate in Mathews County?
The mortgage denial rate in Mathews County is 15.0%. The approval (origination) rate is 52.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mathews County?
The average mortgage loan amount in Mathews County is $259,864. The average interest rate is 7.290%. The average applicant income is $37K.
What is the loan-to-income ratio in Mathews County?
The average loan-to-income ratio in Mathews County is 7.0x, meaning borrowers took on loans averaging 7.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Mathews County?
The top mortgage lenders in Mathews County by origination volume are Movement Mortgage, LLC, Rocket Mortgage, Chesapeake Bank. In total, 75 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.