Roanoke City
Virginia · FIPS 51770
According to CFPB HMDA 2024 application volume among U.S. counties, Roanoke City ranks #619 of 3,210, and #23 of 133 in Virginia.
Mortgage lending activity in Roanoke 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. 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Roanoke City
In Roanoke City, lead originator Rocket Mortgage funded only 8.0% of 2,087 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 21.2% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Roanoke City's 3,739 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Roanoke City's $187,867 average loan (deduped against volume peers).
Lenders active in Roanoke City
Rocket Mortgage funded 166 of the 2,087 loans originated in Roanoke City, 8.0% of the county. 197 lenders reported activity here.
| # | 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% |
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 Roanoke 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 Roanoke 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.