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2024 data HMDA 2024 disclosure official source

Lexington City

99 mortgage applications, 15.2% denial rate. Verify FIPS 51678 with U.S. Census Bureau →

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Virginia · FIPS 51678

Local mortgage market. Lexington City, Virginia saw 99 HMDA-reported mortgage applications in 2024. Lenders originated 58 of those loans and denied 15, producing a denial rate of 15.2% and an approval (origination) rate of 58.6%. The average loan amount was $210,556 at an average note rate of 7.54%, with applicants self-reporting average annual income of $36K. 31 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.8x, meaning typical borrowers took on mortgages of about 5.8 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 51678 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

99
Applications
58
Originated
15.2%
Denial Rate
58.6%
Approval Rate
$210,556
Avg Loan Amount
7.54%
Avg Interest Rate
$36K
Avg Applicant Income
5.8x
Loan-to-Income Ratio

Nearby Lenders in Lexington 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 Atlantic Bay Mortgage Group 5 8.6%
2 ALCOVA Mortgage, LLC 5 8.6%
3 Truist Bank 5 8.6%
4 Atlantic Union Bank 4 6.9%
5 Calcon Mutual Mortgage LLC 3 5.2%
Compare Atlantic Bay Mortgage Group vs ALCOVA Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Lexington City?
In the 2024 HMDA reporting year, 99 mortgage applications were filed in Lexington City, Virginia. Of these, 58 were originated (approved and funded), while 15 were denied, resulting in a denial rate of 15.2%.
What is the mortgage denial rate in Lexington City?
The mortgage denial rate in Lexington City is 15.2%. The approval (origination) rate is 58.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Lexington City?
The average mortgage loan amount in Lexington City is $210,556. The average interest rate is 7.544%. The average applicant income is $36K.
What is the loan-to-income ratio in Lexington City?
The average loan-to-income ratio in Lexington City is 5.8x, meaning borrowers took on loans averaging 5.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Lexington City?
The top mortgage lenders in Lexington City by origination volume are Atlantic Bay Mortgage Group, ALCOVA Mortgage, LLC, Truist Bank. In total, 31 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.