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2024 data HMDA 2024 disclosure official source

Fairfax City

843 mortgage applications, 14.1% denial rate. Verify FIPS 51600 with U.S. Census Bureau →

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Virginia · FIPS 51600

Local mortgage market. Fairfax City, Virginia saw 843 HMDA-reported mortgage applications in 2024. Lenders originated 442 of those loans and denied 119, producing a denial rate of 14.1% and an approval (origination) rate of 52.4%. The average loan amount was $453,292 at an average note rate of 7.13%, with applicants self-reporting average annual income of $37K. 115 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 12.3x, meaning typical borrowers took on mortgages of about 12.3 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 51600 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

843
Applications
442
Originated
14.1%
Denial Rate
52.4%
Approval Rate
$453,292
Avg Loan Amount
7.13%
Avg Interest Rate
$37K
Avg Applicant Income
12.3x
Loan-to-Income Ratio

Nearby Lenders in Fairfax 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 Navy Federal Credit Union 32 7.2%
2 United Wholesale Mortgage 23 5.2%
3 Nvr Mortgage Finance, INC. 22 5.0%
4 Rocket Mortgage 19 4.3%
5 Apple Federal Credit Union 17 3.8%
Compare Navy Federal Credit Union vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Fairfax City?
In the 2024 HMDA reporting year, 843 mortgage applications were filed in Fairfax City, Virginia. Of these, 442 were originated (approved and funded), while 119 were denied, resulting in a denial rate of 14.1%.
What is the mortgage denial rate in Fairfax City?
The mortgage denial rate in Fairfax City is 14.1%. The approval (origination) rate is 52.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Fairfax City?
The average mortgage loan amount in Fairfax City is $453,292. The average interest rate is 7.125%. The average applicant income is $37K.
What is the loan-to-income ratio in Fairfax City?
The average loan-to-income ratio in Fairfax City is 12.3x, meaning borrowers took on loans averaging 12.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Fairfax City?
The top mortgage lenders in Fairfax City by origination volume are Navy Federal Credit Union, United Wholesale Mortgage, Nvr Mortgage Finance, INC.. In total, 115 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.