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2024 data HMDA 2024 disclosure official source

New Kent County

1,885 mortgage applications, 12.8% denial rate. Verify FIPS 51127 with U.S. Census Bureau →

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Virginia · FIPS 51127

Local mortgage market. New Kent County, Virginia saw 1,885 HMDA-reported mortgage applications in 2024. Lenders originated 1,000 of those loans and denied 241, producing a denial rate of 12.8% and an approval (origination) rate of 53.1%. The average loan amount was $292,401 at an average note rate of 6.98%, with applicants self-reporting average annual income of $38K. 153 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.7x, meaning typical borrowers took on mortgages of about 7.7 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 51127 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,885
Applications
1,000
Originated
12.8%
Denial Rate
53.1%
Approval Rate
$292,401
Avg Loan Amount
6.98%
Avg Interest Rate
$38K
Avg Applicant Income
7.7x
Loan-to-Income Ratio

Nearby Lenders in New Kent 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 Nvr Mortgage Finance, INC. 107 10.7%
2 Rocket Mortgage 64 6.4%
3 Navy Federal Credit Union 42 4.2%
4 Citizens and Farmers Bank 41 4.1%
5 DHI Mortgage Company, LTD. 39 3.9%
Compare Nvr Mortgage Finance, INC. vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in New Kent County?
In the 2024 HMDA reporting year, 1,885 mortgage applications were filed in New Kent County, Virginia. Of these, 1,000 were originated (approved and funded), while 241 were denied, resulting in a denial rate of 12.8%.
What is the mortgage denial rate in New Kent County?
The mortgage denial rate in New Kent County is 12.8%. The approval (origination) rate is 53.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in New Kent County?
The average mortgage loan amount in New Kent County is $292,401. The average interest rate is 6.980%. The average applicant income is $38K.
What is the loan-to-income ratio in New Kent County?
The average loan-to-income ratio in New Kent County is 7.7x, meaning borrowers took on loans averaging 7.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in New Kent County?
The top mortgage lenders in New Kent County by origination volume are Nvr Mortgage Finance, INC., Rocket Mortgage, Navy Federal Credit Union. In total, 153 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.