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2024 data HMDA 2024 disclosure official source

Spotsylvania County

8,338 mortgage applications, 15.9% denial rate. Verify FIPS 51177 with U.S. Census Bureau →

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Virginia · FIPS 51177

Local mortgage market. Spotsylvania County, Virginia saw 8,338 HMDA-reported mortgage applications in 2024. Lenders originated 4,172 of those loans and denied 1,330, producing a denial rate of 15.9% and an approval (origination) rate of 50.0%. The average loan amount was $335,781 at an average note rate of 7.21%, with applicants self-reporting average annual income of $39K. 291 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 8.6x, meaning typical borrowers took on mortgages of about 8.6 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 51177 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

8,338
Applications
4,172
Originated
15.9%
Denial Rate
50.0%
Approval Rate
$335,781
Avg Loan Amount
7.21%
Avg Interest Rate
$39K
Avg Applicant Income
8.6x
Loan-to-Income Ratio

Nearby Lenders in Spotsylvania 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 Navy Federal Credit Union 388 9.3%
2 Rocket Mortgage 302 7.2%
3 Nvr Mortgage Finance, INC. 226 5.4%
4 United Wholesale Mortgage 177 4.2%
5 Movement Mortgage, LLC 162 3.9%
Compare Navy Federal Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Spotsylvania County?
In the 2024 HMDA reporting year, 8,338 mortgage applications were filed in Spotsylvania County, Virginia. Of these, 4,172 were originated (approved and funded), while 1,330 were denied, resulting in a denial rate of 15.9%.
What is the mortgage denial rate in Spotsylvania County?
The mortgage denial rate in Spotsylvania County is 15.9%. The approval (origination) rate is 50.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Spotsylvania County?
The average mortgage loan amount in Spotsylvania County is $335,781. The average interest rate is 7.215%. The average applicant income is $39K.
What is the loan-to-income ratio in Spotsylvania County?
The average loan-to-income ratio in Spotsylvania County is 8.6x, meaning borrowers took on loans averaging 8.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Spotsylvania County?
The top mortgage lenders in Spotsylvania County by origination volume are Navy Federal Credit Union, Rocket Mortgage, Nvr Mortgage Finance, INC.. In total, 291 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.