Prince Edward County
Virginia · FIPS 51147
According to CFPB HMDA 2024 application volume among U.S. counties, Prince Edward County ranks #1,740 of 3,210, and #85 of 133 in Virginia.
Mortgage lending activity in Prince Edward County, Virginia based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Prince Edward County, Virginia saw 696 HMDA-reported mortgage applications in 2024. Lenders originated 314 of those loans and denied 141, producing a denial rate of 20.3% and an approval (origination) rate of 45.1%. The average loan amount was $186,451 at an average note rate of 7.07%, with applicants self-reporting average annual income of $37K. 92 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.0x, meaning typical borrowers took on mortgages of about 5.0 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Prince Edward County
In Prince Edward County, lead originator Benchmark Community Bank funded only 8.9% of 314 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 24.5% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Prince Edward County's 696 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Prince Edward County's $186,451 average loan (deduped against volume peers).
Lenders active in Prince Edward County
Benchmark Community Bank funded 28 of the 314 loans originated in Prince Edward County, 8.9% of the county. 92 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Benchmark Community Bank | 28 | 8.9% |
| 2 | Rocket Mortgage | 25 | 8.0% |
| 3 | Virginia Federal Credit Union | 24 | 7.6% |
| 4 | ALCOVA Mortgage, LLC | 15 | 4.8% |
| 5 | C&F Mortgage CORP | 14 | 4.5% |
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; does not constitute financial advice for Prince Edward County borrowers.
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 Prince Edward County 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.