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2024 data HMDA 2024 disclosure official source

Petersburg City

1,662 mortgage applications, 19.4% denial rate. Verify FIPS 51730 with U.S. Census Bureau →

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Virginia · FIPS 51730

Local mortgage market. Petersburg City, Virginia saw 1,662 HMDA-reported mortgage applications in 2024. Lenders originated 754 of those loans and denied 322, producing a denial rate of 19.4% and an approval (origination) rate of 45.4%. The average loan amount was $269,110 at an average note rate of 7.09%, with applicants self-reporting average annual income of $40K. 150 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.7x, meaning typical borrowers took on mortgages of about 6.7 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 51730 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,662
Applications
754
Originated
19.4%
Denial Rate
45.4%
Approval Rate
$269,110
Avg Loan Amount
7.09%
Avg Interest Rate
$40K
Avg Applicant Income
6.7x
Loan-to-Income Ratio

Nearby Lenders in Petersburg 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 48 6.4%
2 United Wholesale Mortgage 46 6.1%
3 Virginia Federal Credit Union 38 5.0%
4 Mortgage Research Center 29 3.8%
5 Movement Mortgage, LLC 23 3.1%
Compare Rocket Mortgage vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Petersburg City?
In the 2024 HMDA reporting year, 1,662 mortgage applications were filed in Petersburg City, Virginia. Of these, 754 were originated (approved and funded), while 322 were denied, resulting in a denial rate of 19.4%.
What is the mortgage denial rate in Petersburg City?
The mortgage denial rate in Petersburg City is 19.4%. The approval (origination) rate is 45.4%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Petersburg City?
The average mortgage loan amount in Petersburg City is $269,110. The average interest rate is 7.095%. The average applicant income is $40K.
What is the loan-to-income ratio in Petersburg City?
The average loan-to-income ratio in Petersburg City is 6.7x, meaning borrowers took on loans averaging 6.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Petersburg City?
The top mortgage lenders in Petersburg City by origination volume are Rocket Mortgage, United Wholesale Mortgage, Virginia Federal Credit Union. In total, 150 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.