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2024 data HMDA 2024 disclosure official source

Shenandoah County

2,144 mortgage applications, 16.2% denial rate. Verify FIPS 51171 with U.S. Census Bureau →

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Virginia · FIPS 51171

Local mortgage market. Shenandoah County, Virginia saw 2,144 HMDA-reported mortgage applications in 2024. Lenders originated 1,150 of those loans and denied 347, producing a denial rate of 16.2% and an approval (origination) rate of 53.6%. The average loan amount was $225,620 at an average note rate of 7.24%, with applicants self-reporting average annual income of $37K. 183 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 51171 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,144
Applications
1,150
Originated
16.2%
Denial Rate
53.6%
Approval Rate
$225,620
Avg Loan Amount
7.24%
Avg Interest Rate
$37K
Avg Applicant Income
6.1x
Loan-to-Income Ratio

Nearby Lenders in Shenandoah 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 102 8.9%
2 First Bank 64 5.6%
3 Navy Federal Credit Union 57 5.0%
4 Homespire Mortgage Corporation 50 4.3%
5 Integrity Home Mortgage Corporation 47 4.1%
Compare Rocket Mortgage vs First Bank →

Frequently Asked Questions

How many mortgage applications were filed in Shenandoah County?
In the 2024 HMDA reporting year, 2,144 mortgage applications were filed in Shenandoah County, Virginia. Of these, 1,150 were originated (approved and funded), while 347 were denied, resulting in a denial rate of 16.2%.
What is the mortgage denial rate in Shenandoah County?
The mortgage denial rate in Shenandoah County is 16.2%. The approval (origination) rate is 53.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Shenandoah County?
The average mortgage loan amount in Shenandoah County is $225,620. The average interest rate is 7.241%. The average applicant income is $37K.
What is the loan-to-income ratio in Shenandoah County?
The average loan-to-income ratio in Shenandoah 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 Shenandoah County?
The top mortgage lenders in Shenandoah County by origination volume are Rocket Mortgage, First Bank, Navy Federal Credit Union. In total, 183 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.