PlainLender
2024 data HMDA 2024 disclosure official source

Westmoreland County

1,327 mortgage applications, 16.4% denial rate. Verify FIPS 51193 with U.S. Census Bureau →

PlainLender home → About this data

Virginia · FIPS 51193

Local mortgage market. Westmoreland County, Virginia saw 1,327 HMDA-reported mortgage applications in 2024. Lenders originated 651 of those loans and denied 217, producing a denial rate of 16.4% and an approval (origination) rate of 49.1%. The average loan amount was $242,988 at an average note rate of 7.07%, with applicants self-reporting average annual income of $38K. 141 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.4x, meaning typical borrowers took on mortgages of about 6.4 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 51193 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,327
Applications
651
Originated
16.4%
Denial Rate
49.1%
Approval Rate
$242,988
Avg Loan Amount
7.07%
Avg Interest Rate
$38K
Avg Applicant Income
6.4x
Loan-to-Income Ratio

Nearby Lenders in Westmoreland 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 51 7.8%
2 United Wholesale Mortgage 45 6.9%
3 Atlantic Union Bank 39 6.0%
4 Navy Federal Credit Union 33 5.1%
5 Movement Mortgage, LLC 31 4.8%
Compare Rocket Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Westmoreland County?
In the 2024 HMDA reporting year, 1,327 mortgage applications were filed in Westmoreland County, Virginia. Of these, 651 were originated (approved and funded), while 217 were denied, resulting in a denial rate of 16.4%.
What is the mortgage denial rate in Westmoreland County?
The mortgage denial rate in Westmoreland County is 16.4%. The approval (origination) rate is 49.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Westmoreland County?
The average mortgage loan amount in Westmoreland County is $242,988. The average interest rate is 7.069%. The average applicant income is $38K.
What is the loan-to-income ratio in Westmoreland County?
The average loan-to-income ratio in Westmoreland County is 6.4x, meaning borrowers took on loans averaging 6.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Westmoreland County?
The top mortgage lenders in Westmoreland County by origination volume are Rocket Mortgage, United Wholesale Mortgage, Atlantic Union Bank. In total, 141 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.