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2024 data HMDA 2024 disclosure official source

Mecklenburg County

1,146 mortgage applications, 16.8% denial rate. Verify FIPS 51117 with U.S. Census Bureau →

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Virginia · FIPS 51117

Local mortgage market. Mecklenburg County, Virginia saw 1,146 HMDA-reported mortgage applications in 2024. Lenders originated 616 of those loans and denied 193, producing a denial rate of 16.8% and an approval (origination) rate of 53.8%. The average loan amount was $217,941 at an average note rate of 7.00%, with applicants self-reporting average annual income of $36K. 133 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.1x, meaning typical borrowers took on mortgages of about 6.1 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 51117 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,146
Applications
616
Originated
16.8%
Denial Rate
53.8%
Approval Rate
$217,941
Avg Loan Amount
7.00%
Avg Interest Rate
$36K
Avg Applicant Income
6.1x
Loan-to-Income Ratio

Nearby Lenders in Mecklenburg 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 Benchmark Community Bank 92 14.9%
2 Rocket Mortgage 79 12.8%
3 First Ciitizens Bank and Trust 33 5.4%
4 United Wholesale Mortgage 30 4.9%
5 Navy Federal Credit Union 20 3.2%
Compare Benchmark Community Bank vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Mecklenburg County?
In the 2024 HMDA reporting year, 1,146 mortgage applications were filed in Mecklenburg County, Virginia. Of these, 616 were originated (approved and funded), while 193 were denied, resulting in a denial rate of 16.8%.
What is the mortgage denial rate in Mecklenburg County?
The mortgage denial rate in Mecklenburg County is 16.8%. The approval (origination) rate is 53.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mecklenburg County?
The average mortgage loan amount in Mecklenburg County is $217,941. The average interest rate is 7.003%. The average applicant income is $36K.
What is the loan-to-income ratio in Mecklenburg County?
The average loan-to-income ratio in Mecklenburg County is 6.1x, meaning borrowers took on loans averaging 6.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Mecklenburg County?
The top mortgage lenders in Mecklenburg County by origination volume are Benchmark Community Bank, Rocket Mortgage, First Ciitizens Bank and Trust. In total, 133 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.