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2024 data HMDA 2024 disclosure official source

Danville City

1,242 mortgage applications, 19.8% denial rate. Verify FIPS 51590 with U.S. Census Bureau →

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Virginia · FIPS 51590

Local mortgage market. Danville City, Virginia saw 1,242 HMDA-reported mortgage applications in 2024. Lenders originated 625 of those loans and denied 246, producing a denial rate of 19.8% and an approval (origination) rate of 50.3%. The average loan amount was $158,945 at an average note rate of 7.36%, with applicants self-reporting average annual income of $36K. 143 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.4x, meaning typical borrowers took on mortgages of about 4.4 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 51590 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,242
Applications
625
Originated
19.8%
Denial Rate
50.3%
Approval Rate
$158,945
Avg Loan Amount
7.36%
Avg Interest Rate
$36K
Avg Applicant Income
4.4x
Loan-to-Income Ratio

Nearby Lenders in Danville 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 ALCOVA Mortgage, LLC 56 9.0%
2 Rocket Mortgage 55 8.8%
3 Movement Mortgage, LLC 43 6.9%
4 Atlantic Union Bank 42 6.7%
5 First National Bank 35 5.6%
Compare ALCOVA Mortgage, LLC vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Danville City?
In the 2024 HMDA reporting year, 1,242 mortgage applications were filed in Danville City, Virginia. Of these, 625 were originated (approved and funded), while 246 were denied, resulting in a denial rate of 19.8%.
What is the mortgage denial rate in Danville City?
The mortgage denial rate in Danville City is 19.8%. The approval (origination) rate is 50.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Danville City?
The average mortgage loan amount in Danville City is $158,945. The average interest rate is 7.360%. The average applicant income is $36K.
What is the loan-to-income ratio in Danville City?
The average loan-to-income ratio in Danville City is 4.4x, meaning borrowers took on loans averaging 4.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Danville City?
The top mortgage lenders in Danville City by origination volume are ALCOVA Mortgage, LLC, Rocket Mortgage, Movement Mortgage, LLC. In total, 143 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.