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2024 data HMDA 2024 disclosure official source

Hopewell City

1,186 mortgage applications, 16.7% denial rate. Verify FIPS 51670 with U.S. Census Bureau →

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Virginia · FIPS 51670

Local mortgage market. Hopewell City, Virginia saw 1,186 HMDA-reported mortgage applications in 2024. Lenders originated 567 of those loans and denied 198, producing a denial rate of 16.7% and an approval (origination) rate of 47.8%. The average loan amount was $180,919 at an average note rate of 6.91%, with applicants self-reporting average annual income of $40K. 130 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.5x, meaning typical borrowers took on mortgages of about 4.5 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 51670 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,186
Applications
567
Originated
16.7%
Denial Rate
47.8%
Approval Rate
$180,919
Avg Loan Amount
6.91%
Avg Interest Rate
$40K
Avg Applicant Income
4.5x
Loan-to-Income Ratio

Nearby Lenders in Hopewell 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 Rocket Mortgage 45 7.9%
2 Movement Mortgage, LLC 34 6.0%
3 Mortgage Research Center 26 4.6%
4 United Wholesale Mortgage 25 4.4%
5 Truist Bank 20 3.5%
Compare Rocket Mortgage vs Movement Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Hopewell City?
In the 2024 HMDA reporting year, 1,186 mortgage applications were filed in Hopewell City, Virginia. Of these, 567 were originated (approved and funded), while 198 were denied, resulting in a denial rate of 16.7%.
What is the mortgage denial rate in Hopewell City?
The mortgage denial rate in Hopewell City is 16.7%. The approval (origination) rate is 47.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Hopewell City?
The average mortgage loan amount in Hopewell City is $180,919. The average interest rate is 6.910%. The average applicant income is $40K.
What is the loan-to-income ratio in Hopewell City?
The average loan-to-income ratio in Hopewell City is 4.5x, meaning borrowers took on loans averaging 4.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Hopewell City?
The top mortgage lenders in Hopewell City by origination volume are Rocket Mortgage, Movement Mortgage, LLC, Mortgage Research Center. In total, 130 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.