Norfolk City
Virginia · FIPS 51710
According to CFPB HMDA 2024 application volume among U.S. counties, Norfolk City ranks #306 of 3,223, and #8 of 133 in Virginia.
Mortgage lending activity in Norfolk 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. Norfolk City, Virginia lenders denied 1,379 of the applications reported here, financing the rest at an average note rate of 6.96%, with applicants self-reporting average annual income of $40K. 271 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 6.9x, meaning typical borrowers took on mortgages of about 6.9 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 Norfolk City
In Norfolk City, lead originator Navy Federal Credit Union funded only 8.5% of 4,924 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 21.6% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Norfolk City's 9,742 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Norfolk City's $275,344 average loan (deduped against volume peers).
Lenders active in Norfolk City
Navy Federal Credit Union funded 417 of the 4,924 loans originated in Norfolk City, 8.5% of the county. 271 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Navy Federal Credit Union | 417 | 8.5% |
| 2 | Mortgage Research Center | 324 | 6.6% |
| 3 | United Wholesale Mortgage | 322 | 6.5% |
| 4 | American Neighborhood Mortgage Acceptance Company | 259 | 5.3% |
| 5 | Rocket Mortgage | 224 | 4.5% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Norfolk 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 Norfolk 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.