Portsmouth City
Virginia · FIPS 51740
According to CFPB HMDA 2024 application volume among U.S. counties, Portsmouth City ranks #448 of 3,210, and #15 of 133 in Virginia.
Mortgage lending activity in Portsmouth 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. 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Portsmouth City
In Portsmouth City, lead originator Mortgage Research Center funded only 7.5% of 2,851 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 20.8% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Portsmouth City's 5,796 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Portsmouth City's $214,465 average loan (deduped against volume peers).
Lenders active in Portsmouth City
Mortgage Research Center funded 213 of the 2,851 loans originated in Portsmouth City, 7.5% of the county. 203 lenders reported activity here.
| # | 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% |
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; does not constitute financial advice for Portsmouth City borrowers.
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 Portsmouth City 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. 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.