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2024 data HMDA 2024 disclosure official source

Colonial Heights City

846 mortgage applications, 16.6% denial rate. Verify FIPS 51570 with U.S. Census Bureau →

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Virginia · FIPS 51570

Local mortgage market. Colonial Heights City, Virginia saw 846 HMDA-reported mortgage applications in 2024. Lenders originated 426 of those loans and denied 140, producing a denial rate of 16.6% and an approval (origination) rate of 50.4%. The average loan amount was $196,903 at an average note rate of 6.87%, with applicants self-reporting average annual income of $40K. 113 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.9x, meaning typical borrowers took on mortgages of about 4.9 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 51570 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

846
Applications
426
Originated
16.6%
Denial Rate
50.4%
Approval Rate
$196,903
Avg Loan Amount
6.87%
Avg Interest Rate
$40K
Avg Applicant Income
4.9x
Loan-to-Income Ratio

Nearby Lenders in Colonial Heights 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 Rocket Mortgage 41 9.6%
2 Virginia Federal Credit Union 24 5.6%
3 United Wholesale Mortgage 19 4.5%
4 Village Bank Mortgage Corp. 15 3.5%
5 Movement Mortgage, LLC 14 3.3%
Compare Rocket Mortgage vs Virginia Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Colonial Heights City?
In the 2024 HMDA reporting year, 846 mortgage applications were filed in Colonial Heights City, Virginia. Of these, 426 were originated (approved and funded), while 140 were denied, resulting in a denial rate of 16.6%.
What is the mortgage denial rate in Colonial Heights City?
The mortgage denial rate in Colonial Heights City is 16.6%. The approval (origination) rate is 50.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Colonial Heights City?
The average mortgage loan amount in Colonial Heights City is $196,903. The average interest rate is 6.865%. The average applicant income is $40K.
What is the loan-to-income ratio in Colonial Heights City?
The average loan-to-income ratio in Colonial Heights City is 4.9x, meaning borrowers took on loans averaging 4.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Colonial Heights City?
The top mortgage lenders in Colonial Heights City by origination volume are Rocket Mortgage, Virginia Federal Credit Union, United Wholesale Mortgage. In total, 113 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.