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2024 data HMDA 2024 disclosure official source

Suffolk City

6,592 mortgage applications, 13.5% denial rate. Verify FIPS 51800 with U.S. Census Bureau →

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Virginia · FIPS 51800

Local mortgage market. Suffolk City, Virginia saw 6,592 HMDA-reported mortgage applications in 2024. Lenders originated 3,363 of those loans and denied 889, producing a denial rate of 13.5% and an approval (origination) rate of 51.0%. The average loan amount was $299,245 at an average note rate of 6.99%, with applicants self-reporting average annual income of $40K. 207 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.5x, meaning typical borrowers took on mortgages of about 7.5 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 51800 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

6,592
Applications
3,363
Originated
13.5%
Denial Rate
51.0%
Approval Rate
$299,245
Avg Loan Amount
6.99%
Avg Interest Rate
$40K
Avg Applicant Income
7.5x
Loan-to-Income Ratio

Nearby Lenders in Suffolk 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 Navy Federal Credit Union 282 8.4%
2 Mortgage Research Center 188 5.6%
3 United Wholesale Mortgage 182 5.4%
4 Atlantic Bay Mortgage Group 176 5.2%
5 American Neighborhood Mortgage Acceptance Company 164 4.9%
Compare Navy Federal Credit Union vs Mortgage Research Center →

Frequently Asked Questions

How many mortgage applications were filed in Suffolk City?
In the 2024 HMDA reporting year, 6,592 mortgage applications were filed in Suffolk City, Virginia. Of these, 3,363 were originated (approved and funded), while 889 were denied, resulting in a denial rate of 13.5%.
What is the mortgage denial rate in Suffolk City?
The mortgage denial rate in Suffolk City is 13.5%. The approval (origination) rate is 51.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Suffolk City?
The average mortgage loan amount in Suffolk City is $299,245. The average interest rate is 6.985%. The average applicant income is $40K.
What is the loan-to-income ratio in Suffolk City?
The average loan-to-income ratio in Suffolk City is 7.5x, meaning borrowers took on loans averaging 7.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Suffolk City?
The top mortgage lenders in Suffolk City by origination volume are Navy Federal Credit Union, Mortgage Research Center, United Wholesale Mortgage. In total, 207 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.