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2024 data HMDA 2024 disclosure official source

Staunton City

1,172 mortgage applications, 12.8% denial rate. Verify FIPS 51790 with U.S. Census Bureau →

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Virginia · FIPS 51790

Local mortgage market. Staunton City, Virginia saw 1,172 HMDA-reported mortgage applications in 2024. Lenders originated 672 of those loans and denied 150, producing a denial rate of 12.8% and an approval (origination) rate of 57.3%. The average loan amount was $204,087 at an average note rate of 7.14%, with applicants self-reporting average annual income of $37K. 116 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.5x, meaning typical borrowers took on mortgages of about 5.5 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 51790 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,172
Applications
672
Originated
12.8%
Denial Rate
57.3%
Approval Rate
$204,087
Avg Loan Amount
7.14%
Avg Interest Rate
$37K
Avg Applicant Income
5.5x
Loan-to-Income Ratio

Nearby Lenders in Staunton 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 Dupont Community Credit Union 97 14.4%
2 ALCOVA Mortgage, LLC 48 7.1%
3 City National Bank of WV 38 5.7%
4 Movement Mortgage, LLC 28 4.2%
5 Rocket Mortgage 28 4.2%
Compare Dupont Community Credit Union vs ALCOVA Mortgage, LLC →

Frequently Asked Questions

How many mortgage applications were filed in Staunton City?
In the 2024 HMDA reporting year, 1,172 mortgage applications were filed in Staunton City, Virginia. Of these, 672 were originated (approved and funded), while 150 were denied, resulting in a denial rate of 12.8%.
What is the mortgage denial rate in Staunton City?
The mortgage denial rate in Staunton City is 12.8%. The approval (origination) rate is 57.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Staunton City?
The average mortgage loan amount in Staunton City is $204,087. The average interest rate is 7.137%. The average applicant income is $37K.
What is the loan-to-income ratio in Staunton City?
The average loan-to-income ratio in Staunton City is 5.5x, meaning borrowers took on loans averaging 5.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Staunton City?
The top mortgage lenders in Staunton City by origination volume are Dupont Community Credit Union, ALCOVA Mortgage, LLC, City National Bank of WV. In total, 116 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.