Virginia Beach City
Virginia · FIPS 51810
According to CFPB HMDA 2024 application volume among U.S. counties, Virginia Beach City ranks #140 of 3,210, and #3 of 133 in Virginia.
Mortgage lending activity in Virginia Beach 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. Virginia Beach City, Virginia saw 19,763 HMDA-reported mortgage applications in 2024. Lenders originated 10,420 of those loans and denied 2,867, producing a denial rate of 14.5% and an approval (origination) rate of 52.7%. The average loan amount was $303,292 at an average note rate of 7.20%, with applicants self-reporting average annual income of $39K. 346 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 7.8x, meaning typical borrowers took on mortgages of about 7.8 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 Virginia Beach City
In Virginia Beach City, lead originator Navy Federal Credit Union funded 12.0% of 10,420 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 23.0% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Virginia Beach City's 19,763 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Virginia Beach City's $303,292 average loan (deduped against volume peers).
Lenders active in Virginia Beach City
Navy Federal Credit Union funded 1,255 of the 10,420 loans originated in Virginia Beach City, 12.0% of the county. 346 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Navy Federal Credit Union | 1,255 | 12.0% |
| 2 | Rocket Mortgage | 581 | 5.6% |
| 3 | United Wholesale Mortgage | 557 | 5.3% |
| 4 | Atlantic Bay Mortgage Group | 442 | 4.2% |
| 5 | Mortgage Research Center | 406 | 3.9% |
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 Virginia Beach 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 Virginia Beach 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.