PlainLender
2024 data HMDA 2024 disclosure official source

Falls Church City

292 mortgage applications, 10.6% denial rate. Verify FIPS 51610 with U.S. Census Bureau →

PlainLender home → About this data

Virginia · FIPS 51610

Local mortgage market. Falls Church City, Virginia saw 292 HMDA-reported mortgage applications in 2024. Lenders originated 185 of those loans and denied 31, producing a denial rate of 10.6% and an approval (origination) rate of 63.4%. The average loan amount was $578,836 at an average note rate of 7.13%, with applicants self-reporting average annual income of $36K. 79 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 16.1x, meaning typical borrowers took on mortgages of about 16.1 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 51610 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

292
Applications
185
Originated
10.6%
Denial Rate
63.4%
Approval Rate
$578,836
Avg Loan Amount
7.13%
Avg Interest Rate
$36K
Avg Applicant Income
16.1x
Loan-to-Income Ratio

Nearby Lenders in Falls Church 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 First Savings Mortgage Corporation 12 6.5%
2 Atlantic Coast Mortgage, LLC 9 4.9%
3 Fairway Independent Mort CORP 9 4.9%
4 Navy Federal Credit Union 9 4.9%
5 Truist Bank 6 3.2%
Compare First Savings Mortgage Corporation vs Atlantic Coast Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Falls Church City?
In the 2024 HMDA reporting year, 292 mortgage applications were filed in Falls Church City, Virginia. Of these, 185 were originated (approved and funded), while 31 were denied, resulting in a denial rate of 10.6%.
What is the mortgage denial rate in Falls Church City?
The mortgage denial rate in Falls Church City is 10.6%. The approval (origination) rate is 63.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Falls Church City?
The average mortgage loan amount in Falls Church City is $578,836. The average interest rate is 7.134%. The average applicant income is $36K.
What is the loan-to-income ratio in Falls Church City?
The average loan-to-income ratio in Falls Church City is 16.1x, meaning borrowers took on loans averaging 16.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Falls Church City?
The top mortgage lenders in Falls Church City by origination volume are First Savings Mortgage Corporation, Atlantic Coast Mortgage, LLC, Fairway Independent Mort CORP. In total, 79 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.