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2024 data HMDA 2024 disclosure official source

Roanoke City

3,739 mortgage applications, 17.0% denial rate. Verify FIPS 51770 with U.S. Census Bureau →

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Virginia · FIPS 51770

Local mortgage market. Roanoke City, Virginia saw 3,739 HMDA-reported mortgage applications in 2024. Lenders originated 2,087 of those loans and denied 637, producing a denial rate of 17.0% and an approval (origination) rate of 55.8%. The average loan amount was $187,867 at an average note rate of 7.23%, with applicants self-reporting average annual income of $37K. 197 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.1x, meaning typical borrowers took on mortgages of about 5.1 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 51770 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,739
Applications
2,087
Originated
17.0%
Denial Rate
55.8%
Approval Rate
$187,867
Avg Loan Amount
7.23%
Avg Interest Rate
$37K
Avg Applicant Income
5.1x
Loan-to-Income Ratio

Nearby Lenders in Roanoke 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 166 8.0%
2 Member One Federal Credit Union 138 6.6%
3 Atlantic Bay Mortgage Group 138 6.6%
4 Freedom First Federal Credit Union 110 5.3%
5 Atlantic Union Bank 93 4.5%
Compare Rocket Mortgage vs Member One Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Roanoke City?
In the 2024 HMDA reporting year, 3,739 mortgage applications were filed in Roanoke City, Virginia. Of these, 2,087 were originated (approved and funded), while 637 were denied, resulting in a denial rate of 17.0%.
What is the mortgage denial rate in Roanoke City?
The mortgage denial rate in Roanoke City is 17.0%. The approval (origination) rate is 55.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Roanoke City?
The average mortgage loan amount in Roanoke City is $187,867. The average interest rate is 7.231%. The average applicant income is $37K.
What is the loan-to-income ratio in Roanoke City?
The average loan-to-income ratio in Roanoke City is 5.1x, meaning borrowers took on loans averaging 5.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Roanoke City?
The top mortgage lenders in Roanoke City by origination volume are Rocket Mortgage, Member One Federal Credit Union, Atlantic Bay Mortgage Group. In total, 197 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.