PlainLender
2024 data HMDA 2024 disclosure official source

Harrisonburg City

960 mortgage applications, 13.5% denial rate. Verify FIPS 51660 with U.S. Census Bureau →

PlainLender home → About this data

Virginia · FIPS 51660

Local mortgage market. Harrisonburg City, Virginia saw 960 HMDA-reported mortgage applications in 2024. Lenders originated 577 of those loans and denied 130, producing a denial rate of 13.5% and an approval (origination) rate of 60.1%. The average loan amount was $261,844 at an average note rate of 7.14%, with applicants self-reporting average annual income of $37K. 103 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.1x, meaning typical borrowers took on mortgages of about 7.1 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 51660 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

960
Applications
577
Originated
13.5%
Denial Rate
60.1%
Approval Rate
$261,844
Avg Loan Amount
7.14%
Avg Interest Rate
$37K
Avg Applicant Income
7.1x
Loan-to-Income Ratio

Nearby Lenders in Harrisonburg 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 Park View Federal Credit Union 75 13.0%
2 Nvr Mortgage Finance, INC. 65 11.3%
3 Farmers & Merchants Bank 52 9.0%
4 Dupont Community Credit Union 29 5.0%
5 Movement Mortgage, LLC 27 4.7%
Compare Park View Federal Credit Union vs Nvr Mortgage Finance, INC. →

Frequently Asked Questions

How many mortgage applications were filed in Harrisonburg City?
In the 2024 HMDA reporting year, 960 mortgage applications were filed in Harrisonburg City, Virginia. Of these, 577 were originated (approved and funded), while 130 were denied, resulting in a denial rate of 13.5%.
What is the mortgage denial rate in Harrisonburg City?
The mortgage denial rate in Harrisonburg City is 13.5%. The approval (origination) rate is 60.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Harrisonburg City?
The average mortgage loan amount in Harrisonburg City is $261,844. The average interest rate is 7.141%. The average applicant income is $37K.
What is the loan-to-income ratio in Harrisonburg City?
The average loan-to-income ratio in Harrisonburg City is 7.1x, meaning borrowers took on loans averaging 7.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Harrisonburg City?
The top mortgage lenders in Harrisonburg City by origination volume are Park View Federal Credit Union, Nvr Mortgage Finance, INC., Farmers & Merchants Bank. In total, 103 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.