Galax City
Virginia · FIPS 51640
According to CFPB HMDA 2024 application volume among U.S. counties, Galax City ranks #2,483 of 3,223, and #124 of 133 in Virginia.
Mortgage lending activity in Galax City, Virginia based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Galax City, Virginia lenders denied 49 of the applications reported here, financing the rest at an average note rate of 7.22%, with applicants self-reporting average annual income of $36K. 36 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 3.9x, meaning typical borrowers took on mortgages of about 3.9 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Galax City
In Galax City, lead originator Atlantic Bay Mortgage Group funded 14.9% of 121 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 43.0% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Galax City's 246 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Galax City's $139,634 average loan (deduped against volume peers).
Lenders active in Galax City
Atlantic Bay Mortgage Group funded 18 of the 121 loans originated in Galax City, 14.9% of the county. 36 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Atlantic Bay Mortgage Group | 18 | 14.9% |
| 2 | Rocket Mortgage | 17 | 14.0% |
| 3 | Skyline National Bank | 17 | 14.0% |
| 4 | Vanderbilt Mortgage and Finance, INC | 8 | 6.6% |
| 5 | Truliant Federal Credit Union | 6 | 5.0% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Galax City, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Galax City borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.