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2024 data HMDA 2024 disclosure official source

Rappahannock County

268 mortgage applications, 18.7% denial rate. Verify FIPS 51157 with U.S. Census Bureau →

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Virginia · FIPS 51157

Local mortgage market. Rappahannock County, Virginia saw 268 HMDA-reported mortgage applications in 2024. Lenders originated 135 of those loans and denied 50, producing a denial rate of 18.7% and an approval (origination) rate of 50.4%. The average loan amount was $409,478 at an average note rate of 7.21%, with applicants self-reporting average annual income of $37K. 60 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 11.1x, meaning typical borrowers took on mortgages of about 11.1 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 51157 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

268
Applications
135
Originated
18.7%
Denial Rate
50.4%
Approval Rate
$409,478
Avg Loan Amount
7.21%
Avg Interest Rate
$37K
Avg Applicant Income
11.1x
Loan-to-Income Ratio

Nearby Lenders in Rappahannock 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 Rocket Mortgage 11 8.1%
2 Atlantic Union Bank 8 5.9%
3 Oak View National Bank 6 4.4%
4 Northwest Federal Credit Union 5 3.7%
5 Uva Community Credit Union 5 3.7%
Compare Rocket Mortgage vs Atlantic Union Bank →

Frequently Asked Questions

How many mortgage applications were filed in Rappahannock County?
In the 2024 HMDA reporting year, 268 mortgage applications were filed in Rappahannock County, Virginia. Of these, 135 were originated (approved and funded), while 50 were denied, resulting in a denial rate of 18.7%.
What is the mortgage denial rate in Rappahannock County?
The mortgage denial rate in Rappahannock County is 18.7%. The approval (origination) rate is 50.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Rappahannock County?
The average mortgage loan amount in Rappahannock County is $409,478. The average interest rate is 7.213%. The average applicant income is $37K.
What is the loan-to-income ratio in Rappahannock County?
The average loan-to-income ratio in Rappahannock County is 11.1x, meaning borrowers took on loans averaging 11.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Rappahannock County?
The top mortgage lenders in Rappahannock County by origination volume are Rocket Mortgage, Atlantic Union Bank, Oak View National Bank. In total, 60 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.