PlainLender

VALLEYSTAR CREDIT UNION

MARTINSVILLE, VA

VALLEYSTAR CREDIT UNION processed 287 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 142 loans with a 33.5% denial rate. Home Improvement was the primary loan purpose. Based in MARTINSVILLE, VA. The approval rate of 49.5% 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. VALLEYSTAR CREDIT UNION processed 287 HMDA-reported mortgage applications in 2024, originating 142 loans and denying 96 for a denial rate of 33.5% (applicants themselves withdrew 40 files before a decision). The average loan amount was $80,854 at a 6.914% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 549300NTHJ0G5YXW3J85 from MARTINSVILLE, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. VALLEYSTAR CREDIT UNION's 49.5% origination rate tells you how often an application turned into funded money; the 33.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Other, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (287 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.

287
Applications
142
Originated
33.5%
Denial Rate
$80,854
Avg Loan Amount
Avg Interest Rate: 6.914% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 287 142 96 $80,854

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for VALLEYSTAR CREDIT UNION (LEI: 549300NTHJ0G5YXW3J85) · 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

Credit history
53
Other
42
Debt-to-income ratio
15
Collateral
11
Credit application incomplete
8
Unverifiable information
3
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 136 76 $68,529
Other 73 28 $57,740
Refinancing 38 23 $96,842
Home Purchase 32 12 $163,750
Cash-out Refinancing 8 3 $93,750

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 211 52.6% 31.8%
Black or African American 55 38.2% 41.8%
Joint 3 66.7% 33.3%
Asian 2 100.0% 0.0%
2 or more minority races 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 246 51.6% 32.5%
Hispanic or Latino 10 60.0% 10.0%
Joint 3 100.0% 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 VALLEYSTAR CREDIT UNION 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

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did VALLEYSTAR CREDIT UNION process?
VALLEYSTAR CREDIT UNION processed 287 mortgage applications in the 2023 HMDA reporting year. Of these, 142 were originated (approved and funded), 40 were withdrawn by the applicant, and 96 were denied.
What is VALLEYSTAR CREDIT UNION's mortgage approval rate?
VALLEYSTAR CREDIT UNION has an approval (origination) rate of 49.5%, meaning 49.5% of all applications resulted in a funded mortgage. The denial rate is 33.5%.
What is the average loan amount at VALLEYSTAR CREDIT UNION?
The average mortgage loan amount at VALLEYSTAR CREDIT UNION is $80,854. The average interest rate is 6.914%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at VALLEYSTAR CREDIT UNION?
The most common reasons for mortgage denial at VALLEYSTAR CREDIT UNION are: Credit history, Other, Debt-to-income ratio. In total, 96 applications were denied out of 287 total applications.
What types of mortgage loans does VALLEYSTAR CREDIT UNION offer?
VALLEYSTAR CREDIT UNION processes Conventional loans. The most common type is Conventional with 287 applications and an average loan amount of $80,854.
What loan purposes does VALLEYSTAR CREDIT UNION serve?
VALLEYSTAR CREDIT UNION serves the following loan purposes: Home Improvement (136 applications), Other (73 applications), Refinancing (38 applications), Home Purchase (32 applications), Cash-out Refinancing (8 applications). Home Improvement is the most common purpose.
Where is VALLEYSTAR CREDIT UNION located?
VALLEYSTAR CREDIT UNION is headquartered in MARTINSVILLE, VA. The lender is identified by LEI 549300NTHJ0G5YXW3J85 in HMDA data.
How does VALLEYSTAR CREDIT UNION compare in lending across racial demographics?
VALLEYSTAR CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 52.6% and denial rate of 31.8%; Black or African American applicants have an approval rate of 38.2% and denial rate of 41.8%; Joint applicants have an approval rate of 66.7% and denial rate of 33.3%. 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.