Virginia Mortgage Lending
889 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 351,003 HMDA-reported mortgage applications in Virginia in 2024, originating 182,923 loans and denying 54,420. That puts the statewide denial rate at 15.5% and the approval (origination) rate at 52.1%. The average loan amount across Virginia was $334,689 at an average note rate of 7.16%. 889 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 133 counties and 12 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 62.6% and denial rate of 15.7%; while Black or African American applicants had an approval rate of 50.9% and denial rate of 23.5%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Fairfax County, Prince William County, Virginia Beach City.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Virginia
Top HMDA-reporting lenders active in Virginia. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | ROCKET MORTGAGE | 11,751 | 6.4% |
| 2 | Navy Federal Credit Union | 9,959 | 5.4% |
| 3 | United Wholesale Mortgage | 7,798 | 4.3% |
| 4 | TRUIST BANK | 5,521 | 3.0% |
| 5 | ATLANTIC BAY MORTGAGE GROUP | 4,190 | 2.3% |
Lending by Race in Virginia
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 171,678 | 62.6% | 15.7% |
| Black or African American | 44,391 | 50.9% | 23.5% |
| Asian | 24,528 | 57.7% | 16.8% |
| Joint | 7,957 | 65.0% | 13.1% |
| American Indian or Alaska Native | 1,644 | 47.9% | 23.6% |
| 2 or more minority races | 1,153 | 46.2% | 27.2% |
| Native Hawaiian or Other Pacific Islander | 638 | 47.0% | 26.0% |
Counties in Virginia
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Fairfax County | 34,631 | 18,439 | 14.6% | $561,311 |
| Prince William County | 20,323 | 10,024 | 17.0% | $384,568 |
| Virginia Beach City | 19,763 | 10,420 | 14.5% | $303,292 |
| Chesterfield County | 18,913 | 10,006 | 14.5% | $298,081 |
| Loudoun County | 18,708 | 9,934 | 14.4% | $481,715 |
| Henrico County | 13,604 | 7,288 | 15.0% | $276,929 |
| Chesapeake City | 13,198 | 6,785 | 14.3% | $296,149 |
| Norfolk City | 9,742 | 4,924 | 14.2% | $275,344 |
| Stafford County | 8,664 | 4,319 | 16.3% | $370,482 |
| Spotsylvania County | 8,338 | 4,172 | 15.9% | $335,781 |
| Newport News City | 7,458 | 3,833 | 15.1% | $241,899 |
| Richmond City | 7,205 | 4,045 | 13.6% | $346,099 |
| Hampton City | 6,814 | 3,491 | 14.8% | $224,558 |
| Suffolk City | 6,592 | 3,363 | 13.5% | $299,245 |
| Portsmouth City | 5,796 | 2,851 | 15.8% | $214,465 |
| Frederick County | 5,195 | 2,782 | 14.2% | $286,176 |
| Hanover County | 5,158 | 2,845 | 14.1% | $287,540 |
| Arlington County | 4,720 | 2,716 | 10.8% | $824,720 |
| Alexandria City | 4,388 | 2,421 | 10.6% | $665,030 |
| Albemarle County | 4,106 | 2,150 | 13.9% | $378,953 |
| Roanoke County | 4,065 | 2,379 | 15.3% | $214,070 |
| James City County | 3,820 | 2,155 | 11.8% | $394,364 |
| Roanoke City | 3,739 | 2,087 | 17.0% | $187,867 |
| Bedford County | 3,579 | 1,899 | 17.4% | $246,067 |
| Fauquier County | 3,344 | 1,799 | 15.0% | $379,205 |
| Augusta County | 3,048 | 1,630 | 17.6% | $208,724 |
| Rockingham County | 3,003 | 1,656 | 13.0% | $250,345 |
| York County | 2,928 | 1,653 | 11.7% | $303,907 |
| Lynchburg City | 2,793 | 1,555 | 15.0% | $204,345 |
| Louisa County | 2,651 | 1,318 | 17.4% | $286,637 |
| Culpeper County | 2,576 | 1,314 | 15.8% | $319,620 |
| Montgomery County | 2,492 | 1,354 | 15.2% | $275,016 |
| Orange County | 2,389 | 1,252 | 15.3% | $279,462 |
| Isle of Wight County | 2,376 | 1,203 | 15.4% | $274,760 |
| Franklin County | 2,361 | 1,277 | 18.4% | $252,349 |
| Caroline County | 2,324 | 1,109 | 18.9% | $255,456 |
| Warren County | 2,263 | 1,168 | 15.6% | $264,183 |
| Campbell County | 2,151 | 1,096 | 17.3% | $212,294 |
| Shenandoah County | 2,144 | 1,150 | 16.2% | $225,620 |
| Gloucester County | 2,011 | 1,067 | 15.6% | $241,822 |
| New Kent County | 1,885 | 1,000 | 12.8% | $292,401 |
| Washington County | 1,695 | 919 | 20.6% | $187,608 |
| Petersburg City | 1,662 | 754 | 19.4% | $269,110 |
| Pittsylvania County | 1,655 | 835 | 18.8% | $167,350 |
| King George County | 1,613 | 802 | 14.1% | $317,901 |
| Henry County | 1,611 | 754 | 21.1% | $144,752 |
| Prince George County | 1,546 | 723 | 20.8% | $233,545 |
| Fluvanna County | 1,502 | 764 | 17.4% | $226,644 |
| Manassas City | 1,499 | 772 | 15.5% | $597,668 |
| Powhatan County | 1,462 | 833 | 15.3% | $281,245 |
| Goochland County | 1,377 | 738 | 14.5% | $369,866 |
| Botetourt County | 1,362 | 757 | 16.1% | $216,109 |
| Accomack County | 1,350 | 622 | 18.9% | $221,430 |
| Dinwiddie County | 1,330 | 620 | 19.0% | $210,293 |
| Westmoreland County | 1,327 | 651 | 16.4% | $242,988 |
| Pulaski County | 1,305 | 680 | 18.5% | $169,092 |
| Danville City | 1,242 | 625 | 19.8% | $158,945 |
| Amherst County | 1,205 | 612 | 17.6% | $192,718 |
| Hopewell City | 1,186 | 567 | 16.7% | $180,919 |
| Staunton City | 1,172 | 672 | 12.8% | $204,087 |
| Mecklenburg County | 1,146 | 616 | 16.8% | $217,941 |
| Waynesboro City | 1,137 | 628 | 12.9% | $224,595 |
| King William County | 1,066 | 557 | 14.6% | $227,833 |
| Carroll County | 1,060 | 531 | 21.0% | $164,047 |
| Wythe County | 1,013 | 524 | 23.6% | $149,857 |
| Charlottesville City | 1,002 | 551 | 13.8% | $382,315 |
| Page County | 997 | 490 | 18.1% | $210,155 |
| Greene County | 981 | 464 | 18.9% | $267,141 |
| Harrisonburg City | 960 | 577 | 13.5% | $261,844 |
| Winchester City | 960 | 500 | 14.6% | $272,021 |
| Fredericksburg City | 908 | 472 | 17.0% | $338,513 |
| Tazewell County | 894 | 392 | 23.9% | $133,613 |
| Salem City | 874 | 517 | 14.7% | $193,352 |
| Halifax County | 864 | 429 | 20.3% | $154,132 |
| Colonial Heights City | 846 | 426 | 16.6% | $196,903 |
| Fairfax City | 843 | 442 | 14.1% | $453,292 |
| Wise County | 806 | 373 | 25.7% | $126,787 |
| Poquoson City | 799 | 463 | 8.3% | $323,961 |
| Manassas Park City | 774 | 355 | 16.5% | $413,811 |
| Northumberland County | 766 | 374 | 17.0% | $252,977 |
| Appomattox County | 751 | 372 | 18.6% | $201,498 |
| Nelson County | 717 | 363 | 17.6% | $267,748 |
| Smyth County | 707 | 405 | 19.1% | $127,447 |
| Southampton County | 700 | 353 | 18.7% | $187,071 |
| Prince Edward County | 696 | 314 | 20.3% | $186,451 |
| Rockbridge County | 694 | 382 | 15.7% | $202,637 |
| Bristol City | 649 | 358 | 18.0% | $153,891 |
| Northampton County | 638 | 305 | 17.7% | $319,326 |
| Scott County | 631 | 285 | 21.4% | $152,686 |
| Clarke County | 622 | 313 | 14.9% | $314,968 |
| Russell County | 622 | 297 | 22.0% | $143,392 |
| Buckingham County | 601 | 259 | 23.0% | $177,463 |
| Lee County | 598 | 278 | 26.3% | $132,843 |
| Lancaster County | 587 | 295 | 14.0% | $305,017 |
| Amelia County | 585 | 290 | 19.3% | $228,128 |
| Middlesex County | 582 | 304 | 14.6% | $250,292 |
| Madison County | 566 | 265 | 21.7% | $260,936 |
| Patrick County | 566 | 254 | 21.4% | $170,565 |
| Nottoway County | 530 | 252 | 18.1% | $177,604 |
| Giles County | 522 | 266 | 17.6% | $158,985 |
| Essex County | 516 | 230 | 21.3% | $204,651 |
| Martinsville City | 507 | 224 | 22.1% | $137,880 |
| Cumberland County | 506 | 248 | 17.8% | $201,621 |
| Mathews County | 479 | 252 | 15.0% | $259,864 |
| Floyd County | 463 | 260 | 19.4% | $179,341 |
| Alleghany County | 434 | 225 | 17.1% | $147,581 |
| Radford City | 427 | 237 | 14.1% | $217,717 |
| Brunswick County | 421 | 170 | 24.7% | $196,045 |
| Franklin City | 398 | 237 | 11.6% | $200,704 |
| Grayson County | 398 | 200 | 23.1% | $139,724 |
| Williamsburg City | 393 | 181 | 20.9% | $275,331 |
| Lunenburg County | 378 | 185 | 18.3% | $175,952 |
| Sussex County | 356 | 163 | 19.4% | $174,354 |
| Charles City County | 320 | 145 | 18.1% | $222,250 |
| King and Queen County | 318 | 149 | 19.5% | $211,730 |
| Charlotte County | 306 | 148 | 22.9% | $152,712 |
| Richmond County | 298 | 144 | 18.8% | $197,315 |
| Falls Church City | 292 | 185 | 10.6% | $578,836 |
| Surry County | 290 | 128 | 21.7% | $206,172 |
| Rappahannock County | 268 | 135 | 18.7% | $409,478 |
| Buchanan County | 263 | 102 | 31.9% | $108,346 |
| Greensville County | 261 | 105 | 23.0% | $147,490 |
| Dickenson County | 248 | 118 | 26.2% | $115,282 |
| Galax City | 246 | 121 | 19.9% | $139,634 |
| Buena Vista City | 215 | 107 | 18.6% | $146,907 |
| Bland County | 178 | 69 | 28.6% | $141,742 |
| Covington City | 165 | 86 | 20.0% | $108,273 |
| Emporia City | 151 | 75 | 20.5% | $189,305 |
| Craig County | 142 | 81 | 14.8% | $191,197 |
| Lexington City | 99 | 58 | 15.2% | $210,556 |
| Bath County | 88 | 49 | 15.9% | $192,500 |
| Norton City | 82 | 38 | 24.4% | $125,976 |
| Highland County | 73 | 48 | 17.8% | $236,096 |
Metro Areas in Virginia
Frequently Asked Questions
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Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
