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2024 data HMDA 2024 disclosure official source

Portsmouth City

5,796 mortgage applications, 15.8% denial rate. Verify FIPS 51740 with U.S. Census Bureau →

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Virginia · FIPS 51740

Local mortgage market. Portsmouth City, Virginia saw 5,796 HMDA-reported mortgage applications in 2024. Lenders originated 2,851 of those loans and denied 913, producing a denial rate of 15.8% and an approval (origination) rate of 49.2%. The average loan amount was $214,465 at an average note rate of 6.98%, with applicants self-reporting average annual income of $41K. 203 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.2x, meaning typical borrowers took on mortgages of about 5.2 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 51740 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

5,796
Applications
2,851
Originated
15.8%
Denial Rate
49.2%
Approval Rate
$214,465
Avg Loan Amount
6.98%
Avg Interest Rate
$41K
Avg Applicant Income
5.2x
Loan-to-Income Ratio

Nearby Lenders in Portsmouth 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 Mortgage Research Center 213 7.5%
2 Navy Federal Credit Union 201 7.1%
3 United Wholesale Mortgage 178 6.2%
4 Atlantic Bay Mortgage Group 154 5.4%
5 American Neighborhood Mortgage Acceptance Company 151 5.3%
Compare Mortgage Research Center vs Navy Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Portsmouth City?
In the 2024 HMDA reporting year, 5,796 mortgage applications were filed in Portsmouth City, Virginia. Of these, 2,851 were originated (approved and funded), while 913 were denied, resulting in a denial rate of 15.8%.
What is the mortgage denial rate in Portsmouth City?
The mortgage denial rate in Portsmouth City is 15.8%. The approval (origination) rate is 49.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Portsmouth City?
The average mortgage loan amount in Portsmouth City is $214,465. The average interest rate is 6.982%. The average applicant income is $41K.
What is the loan-to-income ratio in Portsmouth City?
The average loan-to-income ratio in Portsmouth City is 5.2x, meaning borrowers took on loans averaging 5.2 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Portsmouth City?
The top mortgage lenders in Portsmouth City by origination volume are Mortgage Research Center, Navy Federal Credit Union, United Wholesale Mortgage. In total, 203 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.