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2024 data HMDA 2024 disclosure official source

Martinsville City

507 mortgage applications, 22.1% denial rate. Verify FIPS 51690 with U.S. Census Bureau →

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Virginia · FIPS 51690

Local mortgage market. Martinsville City, Virginia saw 507 HMDA-reported mortgage applications in 2024. Lenders originated 224 of those loans and denied 112, producing a denial rate of 22.1% and an approval (origination) rate of 44.2%. The average loan amount was $137,880 at an average note rate of 7.31%, with applicants self-reporting average annual income of $38K. 62 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 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 51690 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

507
Applications
224
Originated
22.1%
Denial Rate
44.2%
Approval Rate
$137,880
Avg Loan Amount
7.31%
Avg Interest Rate
$38K
Avg Applicant Income
3.6x
Loan-to-Income Ratio

Nearby Lenders in Martinsville 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 ALCOVA Mortgage, LLC 27 12.1%
2 Rocket Mortgage 16 7.1%
3 Valleystar Credit Union 15 6.7%
4 Atlantic Coast Mortgage, LLC 12 5.4%
5 Blue Ridge Bank 12 5.4%
Compare ALCOVA Mortgage, LLC vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Martinsville City?
In the 2024 HMDA reporting year, 507 mortgage applications were filed in Martinsville City, Virginia. Of these, 224 were originated (approved and funded), while 112 were denied, resulting in a denial rate of 22.1%.
What is the mortgage denial rate in Martinsville City?
The mortgage denial rate in Martinsville City is 22.1%. The approval (origination) rate is 44.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Martinsville City?
The average mortgage loan amount in Martinsville City is $137,880. The average interest rate is 7.306%. The average applicant income is $38K.
What is the loan-to-income ratio in Martinsville City?
The average loan-to-income ratio in Martinsville City is 3.6x, meaning borrowers took on loans averaging 3.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Martinsville City?
The top mortgage lenders in Martinsville City by origination volume are ALCOVA Mortgage, LLC, Rocket Mortgage, Valleystar Credit Union. In total, 62 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.