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2024 data HMDA 2024 disclosure official source

Charlottesville City

1,002 mortgage applications, 13.8% denial rate. Verify FIPS 51540 with U.S. Census Bureau →

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Virginia · FIPS 51540

Local mortgage market. Charlottesville City, Virginia saw 1,002 HMDA-reported mortgage applications in 2024. Lenders originated 551 of those loans and denied 138, producing a denial rate of 13.8% and an approval (origination) rate of 55.0%. The average loan amount was $382,315 at an average note rate of 7.16%, with applicants self-reporting average annual income of $35K. 134 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 10.9x, meaning typical borrowers took on mortgages of about 10.9 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 51540 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,002
Applications
551
Originated
13.8%
Denial Rate
55.0%
Approval Rate
$382,315
Avg Loan Amount
7.16%
Avg Interest Rate
$35K
Avg Applicant Income
10.9x
Loan-to-Income Ratio

Nearby Lenders in Charlottesville City

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 Uva Community Credit Union 57 10.3%
2 First Heritage Mortgage, LLC 31 5.6%
3 Rocket Mortgage 26 4.7%
4 Truist Bank 24 4.4%
5 Virginia Federal Credit Union 21 3.8%
Compare Uva Community Credit Union vs First Heritage Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Charlottesville City?
In the 2024 HMDA reporting year, 1,002 mortgage applications were filed in Charlottesville City, Virginia. Of these, 551 were originated (approved and funded), while 138 were denied, resulting in a denial rate of 13.8%.
What is the mortgage denial rate in Charlottesville City?
The mortgage denial rate in Charlottesville City is 13.8%. The approval (origination) rate is 55.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Charlottesville City?
The average mortgage loan amount in Charlottesville City is $382,315. The average interest rate is 7.159%. The average applicant income is $35K.
What is the loan-to-income ratio in Charlottesville City?
The average loan-to-income ratio in Charlottesville City is 10.9x, meaning borrowers took on loans averaging 10.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Charlottesville City?
The top mortgage lenders in Charlottesville City by origination volume are Uva Community Credit Union, First Heritage Mortgage, LLC, Rocket Mortgage. In total, 134 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.