PlainLender

BANK OF BOTETOURT

BUCHANAN, VA

BANK OF BOTETOURT processed 256 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 226 loans with a 3.5% denial rate. Home Purchase was the primary loan purpose. Based in BUCHANAN, VA. The approval rate of 88.3% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. BANK OF BOTETOURT processed 256 HMDA-reported mortgage applications in 2024, originating 226 loans and denying 9 for a denial rate of 3.5% (applicants themselves withdrew 16 files before a decision). The average loan amount was $315,703. The lender reports under LEI 549300VBSEU7L0HIUP28 from BUCHANAN, VA.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. BANK OF BOTETOURT's 88.3% origination rate tells you how often an application turned into funded money; the 3.5% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (256 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

256
Applications
226
Originated
3.5%
Denial Rate
$315,703
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 256 226 9 $315,703

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for BANK OF BOTETOURT (LEI: 549300VBSEU7L0HIUP28) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 174 157 $364,195
Refinancing 29 22 $226,724
Other 25 21 $115,400
Home Improvement 15 13 $169,667
Cash-out Refinancing 13 13 $418,846

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 141 87.2% 5.0%
Asian 12 83.3% 8.3%
Black or African American 3 100.0% 0.0%
Joint 2 100.0% 0.0%
Native Hawaiian or Other Pacific Islander 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 154 87.0% 5.2%
Hispanic or Latino 2 100.0% 0.0%
Joint 2 100.0% 0.0%

Nearby Lenders in VA

Other HMDA-reporting lenders in VA with similar activity. Compare any two side-by-side.

Navy Federal Credit Union

Vienna, VA

182,680 apps 82,022 originated 23.9% denied

PROSPERITY HOME MORTGAGE, LLC

CHANTILLY, VA

29,914 apps 20,115 originated 7.4% denied

Pentagon Federal Credit Unioin

Alexandria, VA

28,887 apps 10,514 originated 39.2% denied

ATLANTIC BAY MORTGAGE GROUP

VIRGINIA BEACH, VA

17,186 apps 13,415 originated 1.4% denied

First Heritage Mortgage, LLC

Fairfax, VA

7,733 apps 6,346 originated 1.6% denied
Compare BANK OF BOTETOURT vs Navy Federal Credit Union →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did BANK OF BOTETOURT process?
BANK OF BOTETOURT processed 256 mortgage applications in the 2023 HMDA reporting year. Of these, 226 were originated (approved and funded), 16 were withdrawn by the applicant, and 9 were denied.
What is BANK OF BOTETOURT's mortgage approval rate?
BANK OF BOTETOURT has an approval (origination) rate of 88.3%, meaning 88.3% of all applications resulted in a funded mortgage. The denial rate is 3.5%.
What is the average loan amount at BANK OF BOTETOURT?
The average mortgage loan amount at BANK OF BOTETOURT is $315,703.
What types of mortgage loans does BANK OF BOTETOURT offer?
BANK OF BOTETOURT processes Conventional loans. The most common type is Conventional with 256 applications and an average loan amount of $315,703.
What loan purposes does BANK OF BOTETOURT serve?
BANK OF BOTETOURT serves the following loan purposes: Home Purchase (174 applications), Refinancing (29 applications), Other (25 applications), Home Improvement (15 applications), Cash-out Refinancing (13 applications). Home Purchase is the most common purpose.
Where is BANK OF BOTETOURT located?
BANK OF BOTETOURT is headquartered in BUCHANAN, VA. The lender is identified by LEI 549300VBSEU7L0HIUP28 in HMDA data.
How does BANK OF BOTETOURT compare in lending across racial demographics?
BANK OF BOTETOURT reports demographic lending data under HMDA requirements. White applicants have an approval rate of 87.2% and denial rate of 5.0%; Asian applicants have an approval rate of 83.3% and denial rate of 8.3%; Black or African American applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.