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2024 data HMDA 2024 disclosure official source

Virginia Beach City

19,763 mortgage applications, 14.5% denial rate. Verify FIPS 51810 with U.S. Census Bureau →

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Virginia · FIPS 51810

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.

FIPS 51810 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

19,763
Applications
10,420
Originated
14.5%
Denial Rate
52.7%
Approval Rate
$303,292
Avg Loan Amount
7.20%
Avg Interest Rate
$39K
Avg Applicant Income
7.8x
Loan-to-Income Ratio

Nearby Lenders in Virginia Beach 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 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%
Compare Navy Federal Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Virginia Beach City?
In the 2024 HMDA reporting year, 19,763 mortgage applications were filed in Virginia Beach City, Virginia. Of these, 10,420 were originated (approved and funded), while 2,867 were denied, resulting in a denial rate of 14.5%.
What is the mortgage denial rate in Virginia Beach City?
The mortgage denial rate in Virginia Beach City is 14.5%. The approval (origination) rate is 52.7%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Virginia Beach City?
The average mortgage loan amount in Virginia Beach City is $303,292. The average interest rate is 7.198%. The average applicant income is $39K.
What is the loan-to-income ratio in Virginia Beach City?
The average loan-to-income ratio in Virginia Beach City is 7.8x, meaning borrowers took on loans averaging 7.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Virginia Beach City?
The top mortgage lenders in Virginia Beach City by origination volume are Navy Federal Credit Union, Rocket Mortgage, United Wholesale Mortgage. In total, 346 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.