CITIZENS AND FARMERS BANK
TOANO, VA
CITIZENS AND FARMERS BANK processed 895 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 494 loans with a 23.7% denial rate. Home Improvement was the primary loan purpose. Based in TOANO, VA. The approval rate of 55.2% 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. CITIZENS AND FARMERS BANK processed 895 HMDA-reported mortgage applications in 2024, originating 494 loans and denying 212 for a denial rate of 23.7% (applicants themselves withdrew 43 files before a decision). The average loan amount was $226,173. The lender reports under LEI 549300QBMI3P6JWI9Q86 from TOANO, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. CITIZENS AND FARMERS BANK's 55.2% origination rate tells you how often an application turned into funded money; the 23.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (895 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 895 | 494 | 212 | $226,173 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for CITIZENS AND FARMERS BANK (LEI: 549300QBMI3P6JWI9Q86) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Denial Analysis
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Improvement | 284 | 181 | $196,549 |
| Other | 236 | 150 | $94,831 |
| Home Purchase | 205 | 51 | $458,463 |
| Refinancing | 169 | 112 | $174,408 |
| Cash-out Refinancing | 1 | 0 | $765,000 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 600 | 52.5% | 23.8% |
| Black or African American | 58 | 51.7% | 29.3% |
| Asian | 31 | 38.7% | 38.7% |
| Joint | 30 | 70.0% | 20.0% |
| American Indian or Alaska Native | 4 | 25.0% | 75.0% |
| 2 or more minority races | 3 | 100.0% | 0.0% |
| Native Hawaiian or Other Pacific Islander | 1 | 0.0% | 100.0% |
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 | 694 | 52.7% | 25.1% |
| Hispanic or Latino | 15 | 40.0% | 40.0% |
| Joint | 11 | 72.7% | 9.1% |
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
PROSPERITY HOME MORTGAGE, LLC
CHANTILLY, VA
Pentagon Federal Credit Unioin
Alexandria, VA
ATLANTIC BAY MORTGAGE GROUP
VIRGINIA BEACH, VA
First Heritage Mortgage, LLC
Fairfax, VA
Mortgage Lending Guides
Frequently Asked Questions
How many mortgage applications did CITIZENS AND FARMERS BANK process?
What is CITIZENS AND FARMERS BANK's mortgage approval rate?
What is the average loan amount at CITIZENS AND FARMERS BANK?
What are the most common reasons for mortgage denial at CITIZENS AND FARMERS BANK?
What types of mortgage loans does CITIZENS AND FARMERS BANK offer?
What loan purposes does CITIZENS AND FARMERS BANK serve?
Where is CITIZENS AND FARMERS BANK located?
How does CITIZENS AND FARMERS BANK compare in lending across racial demographics?
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.