Falls Church City, VA Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 292 mortgage applications in Falls Church City, VA totaling $169.0 million, down 4% from 2023. The average application was for $578,000, and applicants reported an average income of $277,000. 63% of applications resulted in an originated loan and 11% were denied. The most active lender was First Savings Mortgage Corporation, with 14 applications, followed by Navy Federal Credit Union and Truist Bank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 292 |
| Total Mortgage Loan Application Amount | $169,020,000 |
| Average Mortgage Loan Application Amount | $578,000 |
| Highest Mortgage Loan Application Amount | $2,285,000 |
| Average Applicant Income | $277,000 |
| Highest Applicant Income | $1,445,000 |
Top Mortgage Lenders in Falls Church City, VA (2024)
Ranked by the number of mortgage applications each lender reported in Falls Church City, VA in 2024.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | First Savings Mortgage Corporation McLean, VA |
14 | $13,840,000 | $988,000 | $325,000 |
| 2 | Navy Federal Credit Union Vienna, VA |
13 | $6,675,000 | $513,000 | $209,000 |
| 3 | Truist Bank Raleigh, NC |
12 | $6,070,000 | $505,000 | $253,000 |
| 4 | Fairway Independent Mort Corp Madison, WI |
11 | $10,445,000 | $949,000 | $269,000 |
| 5 | Atlantic Coast Mortgage, LLC Fairfax, VA |
9 | $8,375,000 | $930,000 | $351,000 |
| 6 | Pentagon Federal Credit Union Omaha, NE |
9 | $2,085,000 | $231,000 | $269,000 |
| 7 | Newrez LLC Fort Washington, PA |
8 | $5,690,000 | $711,000 | $636,000 |
| 8 | TD Bank Mount Laurel, NJ |
8 | $4,540,000 | $567,000 | $338,000 |
| 9 | Bank of America NA Westlake Village, CA |
8 | $3,360,000 | $420,000 | $292,000 |
| 10 | Tower Federal Credit Union Laurel, MD |
7 | $1,595,000 | $227,000 | $229,000 |
The tables below break down 2024 mortgage applications in Falls Church City, VA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Falls Church City, VA in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 162 | $122,970,000 | $759,000 | $2,285,000 | $305,000 | $1,445,000 |
| Other Purpose | 40 | $10,110,000 | $252,000 | $2,005,000 | $260,000 | $845,000 |
| Refinancing | 36 | $18,700,000 | $519,000 | $1,405,000 | $210,000 | $449,000 |
| Home Improvement | 36 | $6,480,000 | $180,000 | $615,000 | $288,000 | $1,029,000 |
| Cash-out Refinancing | 18 | $10,760,000 | $597,000 | $2,005,000 | $188,000 | $520,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 167 | $90,445,000 | $541,000 | $2,005,000 | $272,000 | $1,071,000 |
| Not Provided | 51 | $28,105,000 | $551,000 | $2,005,000 | $315,000 | $1,445,000 |
| Not applicable | 33 | $24,795,000 | $751,000 | $1,745,000 | $328,000 | $571,000 |
| Asian | 20 | $10,650,000 | $532,000 | $1,285,000 | $232,000 | $636,000 |
| Hispanic | 13 | $7,095,000 | $545,000 | $1,785,000 | $208,000 | $520,000 |
| Black or African American | 5 | $1,735,000 | $347,000 | $905,000 | $161,000 | $218,000 |
| American Indian or Alaskan Native | 2 | $3,910,000 | $1,955,000 | $2,005,000 | $510,000 | $597,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $2,285,000 | $2,285,000 | $2,285,000 | $742,000 | $742,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 269 | $147,275,000 | $547,000 | $2,285,000 | $279,000 | $1,445,000 |
| VA-guaranteed (Veterans Administration) | 20 | $20,880,000 | $1,044,000 | $2,005,000 | $289,000 | $674,000 |
| FHA-insured (Federal Housing Administration) | 3 | $865,000 | $288,000 | $335,000 | $95,000 | $125,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 185 | $107,255,000 | $579,000 | $2,285,000 | $293,000 | $1,445,000 |
| Application Withdrawn By Applicant | 39 | $25,395,000 | $651,000 | $2,005,000 | $265,000 | $845,000 |
| Application Denied By Financial Institution | 31 | $10,675,000 | $344,000 | $1,525,000 | $188,000 | $607,000 |
| Loan Purchased By The Institution | 30 | $23,120,000 | $770,000 | $1,745,000 | $328,000 | $571,000 |
| Application Approved But Not Accepted | 3 | $525,000 | $175,000 | $425,000 | $151,000 | $192,000 |
| File Closed For Incompleteness | 3 | $1,545,000 | $515,000 | $1,005,000 | $287,000 | $399,000 |
| Preapproval Approved but not Accepted | 1 | $505,000 | $505,000 | $505,000 | $354,000 | $354,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 260 | $157,180,000 | $604,000 | $2,285,000 | $287,000 | $1,445,000 |
| Debt-To-Income Ratio | 15 | $7,835,000 | $522,000 | $1,525,000 | $161,000 | $740,000 |
| Credit History | 5 | $765,000 | $153,000 | $405,000 | $148,000 | $250,000 |
| Collateral | 4 | $1,140,000 | $285,000 | $725,000 | $380,000 | $607,000 |
| Other | 3 | $435,000 | $145,000 | $255,000 | $286,000 | $530,000 |
| Credit Application Incomplete | 2 | $470,000 | $235,000 | $415,000 | $305,000 | $430,000 |
| Unverifiable Information | 1 | $505,000 | $505,000 | $505,000 | $341,000 | $341,000 |
| Employment History | 1 | $355,000 | $355,000 | $355,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $335,000 | $335,000 | $335,000 | $60,000 | $60,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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