Salem City
Virginia · FIPS 51775
According to CFPB HMDA 2024 application volume among U.S. counties, Salem City ranks #1,553 of 3,223, and #73 of 133 in Virginia.
Mortgage lending activity in Salem 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. Salem City, Virginia lenders denied 128 of the applications reported here, financing the rest at an average note rate of 7.23%, with applicants self-reporting average annual income of $36K. 103 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.4x, meaning typical borrowers took on mortgages of about 5.4 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 Salem City
In Salem City, lead originator Atlantic Bay Mortgage Group funded only 8.9% of 517 originated loans, below the county fleet's lower tercile (~10.9% top-1 share). The top three reporters together hold 21.5% of the book, so shopping across channels still meets many active filers.
Counties With Similar Application Volume
Nationwide counties nearest to Salem City's 874 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Salem City's $193,352 average loan (deduped against volume peers).
Lenders active in Salem City
Atlantic Bay Mortgage Group funded 46 of the 517 loans originated in Salem City, 8.9% of the county. 103 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Atlantic Bay Mortgage Group | 46 | 8.9% |
| 2 | Member One Federal Credit Union | 33 | 6.4% |
| 3 | Freedom First Federal Credit Union | 32 | 6.2% |
| 4 | Rocket Mortgage | 32 | 6.2% |
| 5 | Truist Bank | 24 | 4.6% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Salem City, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Salem City borrowers. 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.