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2024 data HMDA 2024 disclosure official source

Fredericksburg City

908 mortgage applications, 17.0% denial rate. Verify FIPS 51630 with U.S. Census Bureau →

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Virginia · FIPS 51630

Local mortgage market. Fredericksburg City, Virginia saw 908 HMDA-reported mortgage applications in 2024. Lenders originated 472 of those loans and denied 154, producing a denial rate of 17.0% and an approval (origination) rate of 52.0%. The average loan amount was $338,513 at an average note rate of 7.26%, with applicants self-reporting average annual income of $37K. 123 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 9.1x, meaning typical borrowers took on mortgages of about 9.1 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 51630 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

908
Applications
472
Originated
17.0%
Denial Rate
52.0%
Approval Rate
$338,513
Avg Loan Amount
7.26%
Avg Interest Rate
$37K
Avg Applicant Income
9.1x
Loan-to-Income Ratio

Nearby Lenders in Fredericksburg 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 38 8.1%
2 Rocket Mortgage 28 5.9%
3 Movement Mortgage, LLC 22 4.7%
4 United Wholesale Mortgage 22 4.7%
5 Atlantic Union Bank 21 4.4%
Compare Navy Federal Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Fredericksburg City?
In the 2024 HMDA reporting year, 908 mortgage applications were filed in Fredericksburg City, Virginia. Of these, 472 were originated (approved and funded), while 154 were denied, resulting in a denial rate of 17.0%.
What is the mortgage denial rate in Fredericksburg City?
The mortgage denial rate in Fredericksburg City is 17.0%. The approval (origination) rate is 52.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Fredericksburg City?
The average mortgage loan amount in Fredericksburg City is $338,513. The average interest rate is 7.256%. The average applicant income is $37K.
What is the loan-to-income ratio in Fredericksburg City?
The average loan-to-income ratio in Fredericksburg City is 9.1x, meaning borrowers took on loans averaging 9.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Fredericksburg City?
The top mortgage lenders in Fredericksburg City by origination volume are Navy Federal Credit Union, Rocket Mortgage, Movement Mortgage, LLC. In total, 123 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.