Ovm Financial, Inc. Mortgage Lending & HMDA Data, 2022

In 2022, Ovm Financial, Inc. of Chesapeake, VA reported 3,519 mortgage applications totaling $973.9 million, down 51% from 2021. The average application was for $276,756, and applicants reported an average income of $92,791. 82% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (2,622), Jacksonville, FL (184) and Richmond, VA (145) (applications in parentheses).

Mortgage Company & Address Ovm Financial, Inc.
816 Greenbrier Circle Suite 100
Chesapeake, VA 23320
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 3,519
Total Mortgage Loan Application Amount $973,905,000
Average Mortgage Loan Application Amount $276,756
Highest Mortgage Loan Application Amount $1,135,000
Average Applicant Income $92,791
Highest Applicant Income $990,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ovm Financial, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Ovm Financial, Inc. by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Virginia Beach, Virginia 568 $ 176,230,000 $ 310,264 $ 102,000
Norfolk, Virginia 402 $ 111,560,000 $ 277,512 $ 96,000
Chesapeake, Virginia 399 $ 128,255,000 $ 321,441 $ 102,000
Hampton, Virginia 273 $ 65,465,000 $ 239,798 $ 74,000
Newport News, Virginia 255 $ 59,515,000 $ 233,392 $ 82,000
Portsmouth, Virginia 247 $ 51,875,000 $ 210,020 $ 73,000
Suffolk, Virginia 246 $ 75,190,000 $ 305,650 $ 90,000
Duval, Florida 116 $ 30,480,000 $ 262,758 $ 87,000
Cumberland, North Carolina 87 $ 17,285,000 $ 198,678 $ 80,000
Chesterfield, Virginia 54 $ 15,730,000 $ 291,296 $ 92,000
Isle of Wight, Virginia 49 $ 14,765,000 $ 301,326 $ 89,000
Accomack, Virginia 48 $ 9,810,000 $ 204,375 $ 102,000
York, Virginia 42 $ 13,460,000 $ 320,476 $ 106,000
St. Johns, Florida 39 $ 14,925,000 $ 382,692 $ 131,000
James City, Virginia 37 $ 13,305,000 $ 359,594 $ 128,000
Robeson, North Carolina 31 $ 3,605,000 $ 116,290 $ 66,000
Pasquotank, North Carolina 27 $ 6,165,000 $ 228,333 $ 73,000
Currituck, North Carolina 26 $ 10,950,000 $ 421,153 $ 120,000
Hoke, North Carolina 24 $ 6,980,000 $ 290,833 $ 94,000
Henrico, Virginia 22 $ 5,290,000 $ 240,454 $ 96,000
Clay, Florida 20 $ 6,580,000 $ 329,000 $ 106,000
Camden, North Carolina 19 $ 6,655,000 $ 350,263 $ 82,000
Gloucester, Virginia 18 $ 4,270,000 $ 237,222 $ 76,000
Richmond City, Virginia 18 $ 2,820,000 $ 156,666 $ 117,000
Spotsylvania, Virginia 17 $ 5,355,000 $ 315,000 $ 97,000
Southampton, Virginia 15 $ 3,675,000 $ 245,000 $ 84,000
Roanoke, Virginia 14 $ 3,850,000 $ 275,000 $ 97,000
Harnett, North Carolina 12 $ 2,560,000 $ 213,333 $ 78,000
Montgomery, Virginia 12 $ 2,560,000 $ 213,333 $ 101,000
Flagler, Florida 11 $ 3,395,000 $ 308,636 $ 97,000
Hanover, Virginia 10 $ 3,430,000 $ 343,000 $ 156,000
Lynchburg, Virginia 10 $ 2,190,000 $ 219,000 $ 99,000
Northampton, Virginia 10 $ 2,360,000 $ 236,000 $ 76,000
Roanoke City, Virginia 10 $ 1,560,000 $ 156,000 $ 47,000
Bedford, Virginia 9 $ 2,295,000 $ 255,000 $ 69,000
Nassau, Florida 8 $ 3,230,000 $ 403,750 $ 121,000
Prince William, Virginia 8 $ 3,380,000 $ 422,500 $ 133,000
Fairfax, Virginia 7 $ 2,795,000 $ 399,285 $ 164,000
Poquoson, Virginia 7 $ 2,195,000 $ 313,571 $ 110,000
Pulaski, Virginia 7 $ 1,495,000 $ 213,571 $ 64,000
Sussex, Virginia 7 $ 1,025,000 $ 146,428 $ 70,000
Westmoreland, Virginia 7 $ 2,185,000 $ 312,142 $ 95,000
Dare, North Carolina 6 $ 2,560,000 $ 426,666 $ 152,000
Mecklenburg, North Carolina 6 $ 2,220,000 $ 370,000 $ 193,000
Franklin, Virginia 6 $ 1,520,000 $ 253,333 $ 126,000
Franklin City, Virginia 6 $ 940,000 $ 156,666 $ 58,000
Hopewell, Virginia 6 $ 630,000 $ 105,000 $ 49,000
Mathews, Virginia 6 $ 1,250,000 $ 208,333 $ 59,000
Powhatan, Virginia 6 $ 2,320,000 $ 386,666 $ 135,000
Pinellas, Florida 5 $ 2,055,000 $ 411,000 $ 163,000
Putnam, Florida 5 $ 735,000 $ 147,000 $ 77,000
Prince George's, Maryland 5 $ 1,575,000 $ 315,000 $ 82,000
Harris, Texas 5 $ 1,475,000 $ 295,000 $ 103,000
Botetourt, Virginia 5 $ 2,055,000 $ 411,000 $ 151,000
Caroline, Virginia 5 $ 1,215,000 $ 243,000 $ 78,000
Louisa, Virginia 5 $ 825,000 $ 165,000 $ 101,000
Prince George, Virginia 5 $ 1,055,000 $ 211,000 $ 50,000
Stafford, Virginia 5 $ 2,125,000 $ 425,000 $ 107,000
Surry, Virginia 5 $ 1,395,000 $ 279,000 $ 77,000
Onslow, North Carolina 4 $ 470,000 $ 117,500 $ 75,000
Nacogdoches, Texas 4 $ 930,000 $ 232,500 $ 76,000
Amherst, Virginia 4 $ 640,000 $ 160,000 $ 63,000
Middlesex, Virginia 4 $ 740,000 $ 185,000 $ 61,000
New Kent, Virginia 4 $ 1,770,000 $ 442,500 $ 134,000
Orange, Virginia 4 $ 1,040,000 $ 260,000 $ 121,000
Williamsburg, Virginia 4 $ 990,000 $ 247,500 $ 186,000
Wythe, Virginia 4 $ 680,000 $ 170,000 $ 53,000
Brevard, Florida 3 $ 975,000 $ 325,000 $ 90,000
Columbia, Florida 3 $ 315,000 $ 105,000 $ 48,000
Hillsborough, Florida 3 $ 805,000 $ 268,333 $ 155,000
Gates, North Carolina 3 $ 1,125,000 $ 375,000 $ 94,000
Hertford, North Carolina 3 $ 355,000 $ 118,333 $ 34,000
Moore, North Carolina 3 $ 1,325,000 $ 441,666 $ 169,000
Bexar, Texas 3 $ 805,000 $ 268,333 $ 90,000
Essex, Virginia 3 $ 505,000 $ 168,333 $ 72,000
Goochland, Virginia 3 $ 895,000 $ 298,333 $ 79,000
King and Queen, Virginia 3 $ 875,000 $ 291,666 $ 63,000
King William, Virginia 3 $ 365,000 $ 121,666 $ 56,000
Rockingham, Virginia 3 $ 315,000 $ 105,000 $ 54,000
Hernando, Florida 2 $ 350,000 $ 175,000 $ 50,000
Polk, Florida 2 $ 660,000 $ 330,000 $ 113,000
Cook, Illinois 2 $ 730,000 $ 365,000 $ 263,000
Brunswick, North Carolina 2 $ 270,000 $ 135,000 $ 75,000
Chowan, North Carolina 2 $ 320,000 $ 160,000 $ 49,000
Johnston, North Carolina 2 $ 450,000 $ 225,000 $ 80,000
Lee, North Carolina 2 $ 650,000 $ 325,000 $ 97,000
New Hanover, North Carolina 2 $ 630,000 $ 315,000 $ 94,000
Perquimans, North Carolina 2 $ 420,000 $ 210,000 $ 60,000
Lancaster, South Carolina 2 $ 530,000 $ 265,000 $ 98,000
Angelina, Texas 2 $ 560,000 $ 280,000 $ 132,000
McLennan, Texas 2 $ 920,000 $ 460,000 $ 199,000
Travis, Texas 2 $ 800,000 $ 400,000 $ 161,000
Williamson, Texas 2 $ 960,000 $ 480,000 $ 107,000
Brunswick, Virginia 2 $ 210,000 $ 105,000 $ 54,000
Floyd, Virginia 2 $ 780,000 $ 390,000 $ 89,000
Frederick, Virginia 2 $ 400,000 $ 200,000 $ 177,000
Henry, Virginia 2 $ 320,000 $ 160,000 $ 42,000
King George, Virginia 2 $ 660,000 $ 330,000 $ 91,000
Manassas, Virginia 2 $ 880,000 $ 440,000 $ 143,000
Pittsylvania, Virginia 2 $ 190,000 $ 95,000 $ 44,000
Salem, Virginia 2 $ 330,000 $ 165,000 $ 52,000
New Haven, Connecticut 1 $ 155,000 $ 155,000 $ 56,000
Alachua, Florida 1 $ 345,000 $ 345,000 $ 102,000
Baker, Florida 1 $ 205,000 $ 205,000 $ 58,000
Bradford, Florida 1 $ 545,000 $ 545,000 $ 133,000
Lee, Florida 1 $ 185,000 $ 185,000 $ 152,000
Manatee, Florida 1 $ 305,000 $ 305,000 $ 56,000
Marion, Florida 1 $ 165,000 $ 165,000 $ 38,000
Martin, Florida 1 $ 455,000 $ 455,000 $ 296,000
Okaloosa, Florida 1 $ 365,000 $ 365,000 $ 384,000
Palm Beach, Florida 1 $ 415,000 $ 415,000 $ 73,000
Sarasota, Florida 1 $ 335,000 $ 335,000 $ 90,000
St. Lucie, Florida 1 $ 475,000 $ 475,000 $ 154,000
Volusia, Florida 1 $ 155,000 $ 155,000 $ 79,000
Bulloch, Georgia 1 $ 375,000 $ 375,000 $ 91,000
Camden, Georgia 1 $ 285,000 $ 285,000 $ 57,000
Fulton, Georgia 1 $ 285,000 $ 285,000 $ 65,000
Jackson, Georgia 1 $ 645,000 $ 645,000 $ 215,000
DuPage, Illinois 1 $ 375,000 $ 375,000 $ 231,000
Franklin, Illinois 1 $ 115,000 $ 115,000 $ 62,000
Anne Arundel, Maryland 1 $ 355,000 $ 355,000 $ 127,000
Baltimore, Maryland 1 $ 645,000 $ 645,000 $ 148,000
Montgomery, Maryland 1 $ 405,000 $ 405,000 $ 129,000
Queen Anne's, Maryland 1 $ 265,000 $ 265,000 $ 313,000
Bertie, North Carolina 1 $ 175,000 $ 175,000 $ 29,000
Buncombe, North Carolina 1 $ 195,000 $ 195,000 $ 56,000
Forsyth, North Carolina 1 $ 105,000 $ 105,000 $ 51,000
Guilford, North Carolina 1 $ 355,000 $ 355,000 $ 84,000
Henderson, North Carolina 1 $ 245,000 $ 245,000 $ 39,000
Pender, North Carolina 1 $ 315,000 $ 315,000 $ 167,000
Pitt, North Carolina 1 $ 145,000 $ 145,000 $ 76,000
Scotland, North Carolina 1 $ 165,000 $ 165,000 $ 51,000
Transylvania, North Carolina 1 $ 225,000 $ 225,000 $ 45,000
Tyrrell, North Carolina 1 $ 195,000 $ 195,000 $ 36,000
Union, North Carolina 1 $ 185,000 $ 185,000 $ 360,000
Wake, North Carolina 1 $ 345,000 $ 345,000 $ 205,000
Wayne, North Carolina 1 $ 205,000 $ 205,000 $ 72,000
Beaufort, South Carolina 1 $ 355,000 $ 355,000 $ 191,000
Dillon, South Carolina 1 $ 285,000 $ 285,000 $ 112,000
Horry, South Carolina 1 $ 395,000 $ 395,000 $ 111,000
Richland, South Carolina 1 $ 205,000 $ 205,000 $ 91,000
York, South Carolina 1 $ 225,000 $ 225,000 $ 80,000
Lawrence, Tennessee 1 $ 245,000 $ 245,000 $ 77,000
Brazoria, Texas 1 $ 375,000 $ 375,000 $ 118,000
Fort Bend, Texas 1 $ 295,000 $ 295,000 $ 130,000
Galveston, Texas 1 $ 425,000 $ 425,000 $ 87,000
Montgomery, Texas 1 $ 215,000 $ 215,000 $ 58,000
Tarrant, Texas 1 $ 375,000 $ 375,000 $ 111,000
Webb, Texas 1 $ 245,000 $ 245,000 $ 60,000
Young, Texas 1 $ 305,000 $ 305,000 $ 52,000
Albemarle, Virginia 1 $ 295,000 $ 295,000 $ 61,000
Alexandria, Virginia 1 $ 705,000 $ 705,000 $ 125,000
Amelia, Virginia 1 $ 275,000 $ 275,000 $ 109,000
Augusta, Virginia 1 $ 235,000 $ 235,000 $ 69,000
Bland, Virginia 1 $ 155,000 $ 155,000 $ 70,000
Colonial Heights, Virginia 1 $ 315,000 $ 315,000 $ 74,000
Craig, Virginia 1 $ 385,000 $ 385,000 $ 159,000
Culpeper, Virginia 1 $ 235,000 $ 235,000 $ 51,000
Dinwiddie, Virginia 1 $ 245,000 $ 245,000 $ 89,000
Fredericksburg, Virginia 1 $ 255,000 $ 255,000 $ 53,000
Giles, Virginia 1 $ 105,000 $ 105,000 $ 40,000
Greensville, Virginia 1 $ 175,000 $ 175,000 $ 31,000
Lancaster, Virginia 1 $ 215,000 $ 215,000 $ 67,000
Martinsville, Virginia 1 $ 135,000 $ 135,000 $ 77,000
Northumberland, Virginia 1 $ 355,000 $ 355,000 $ 139,000
Norton, Virginia 1 $ 235,000 $ 235,000 $ 85,000
Patrick, Virginia 1 $ 205,000 $ 205,000 $ 85,000
Petersburg, Virginia 1 $ 135,000 $ 135,000 $ 144,000

Mortgage Loan Application Detail Totals for Ovm Financial, Inc. in 2022

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 3,396 $940,790,000 $277,000 $1,135,000 $92,000 $990,000
Cash-out Refinancing 90 $24,670,000 $274,000 $645,000 $118,000 $669,000
Refinancing 32 $8,210,000 $256,000 $545,000 $107,000 $669,000
Home Improvement 1 $235,000 $235,000 $235,000 $59,000 $59,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 2,063 $598,815,000 $290,000 $955,000 $97,000 $960,000
Black or African American 940 $239,810,000 $255,000 $1,135,000 $86,000 $990,000
Hispanic 307 $89,205,000 $290,000 $645,000 $89,000 $361,000
Asian 109 $30,805,000 $282,000 $645,000 $103,000 $504,000
Not Provided 62 $8,210,000 $132,000 $505,000 $75,000 $217,000
American Indian or Alaskan Native 35 $6,755,000 $193,000 $405,000 $84,000 $373,000
Native Hawaiian or Other Pacific Islander 3 $305,000 $101,000 $205,000 $143,000 $354,000
Not applicable 0 $0 $0 $0 $0 $0

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
VA-guaranteed (Veterans Administration) 1,329 $449,045,000 $337,000 $1,135,000 $94,000 $392,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,273 $295,535,000 $232,000 $655,000 $106,000 $990,000
FHA-insured (Federal Housing Administration) 892 $224,720,000 $251,000 $545,000 $74,000 $277,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 25 $4,605,000 $184,000 $365,000 $55,000 $85,000

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 2,883 $804,195,000 $278,000 $1,135,000 $93,000 $990,000
Application Withdrawn By Applicant 555 $150,525,000 $271,000 $905,000 $95,000 $960,000
Application Denied By Financial Institution 65 $16,005,000 $246,000 $795,000 $76,000 $259,000
Application Approved But Not Accepted 16 $3,180,000 $198,000 $295,000 $62,000 $120,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
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 3,454 $957,900,000 $277,000 $1,135,000 $93,000 $990,000
Debt-To-Income Ratio 21 $5,395,000 $256,000 $555,000 $62,000 $129,000
Other 11 $2,615,000 $237,000 $435,000 $89,000 $214,000
Insufficient Cash (Downpayment, Closing Cost) 10 $2,320,000 $232,000 $485,000 $90,000 $145,000
Credit History 9 $2,075,000 $230,000 $635,000 $68,000 $167,000
Employment History 8 $1,510,000 $188,000 $365,000 $47,000 $103,000
Collateral 3 $675,000 $225,000 $295,000 $166,000 $259,000
Unverifiable Information 3 $1,415,000 $471,000 $795,000 $91,000 $216,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Ovm Financial, Inc.'s 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Ovm Financial, Inc.'s mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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