Lunenburg County, VA Mortgage Lenders & HMDA Data, 2021
In 2021, lenders reported 445 mortgage applications in Lunenburg County, VA totaling $65.9 million, down 1% from 2020. The average application was for $148,000, and applicants reported an average income of $71,000. 56% of applications resulted in an originated loan and 21% were denied. The most active lender was Benchmark Community Bank, with 40 applications, followed by Vanderbilt Mortgage and Finance, Inc and Caliber Home Loans, Inc..
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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 | 445 |
| Total Mortgage Loan Application Amount | $65,935,000 |
| Average Mortgage Loan Application Amount | $148,000 |
| Highest Mortgage Loan Application Amount | $555,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $380,000 |
Top Mortgage Lenders in Lunenburg County, VA (2021)
Ranked by the number of mortgage applications each lender reported in Lunenburg County, VA in 2021.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Benchmark Community Bank Kenbridge, VA |
40 | $3,540,000 | $88,000 | $70,000 |
| 2 | Vanderbilt Mortgage and Finance, Inc Maryville, TN |
26 | $2,920,000 | $112,000 | $50,000 |
| 3 | Caliber Home Loans, Inc. Wilmington, DE |
21 | $3,385,000 | $161,000 | $55,000 |
| 4 | Virginia Federal Credit Union Richmond, VA |
20 | $1,950,000 | $97,000 | $76,000 |
| 5 | Truist Bank Raleigh, NC |
15 | $1,815,000 | $121,000 | $77,000 |
| 6 | Mortgage Research Center Columbia, MO |
15 | $2,705,000 | $180,000 | $56,000 |
| 7 | Freedom Mortgage Corporation Boca Raton, FL |
13 | $2,575,000 | $198,000 | $123,000 |
| 8 | First Ciitizens Bank and Trust Raleigh, NC |
13 | $1,705,000 | $131,000 | $126,000 |
| 9 | First Reliance Bank Florence, SC |
12 | $1,830,000 | $152,000 | $94,000 |
| 10 | Wells Fargo Bank NA Minneapolis, MN |
11 | $1,065,000 | $96,000 | $65,000 |
The tables below break down 2021 mortgage applications in Lunenburg County, VA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Lunenburg County, VA in 2021
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 | 186 | $29,700,000 | $159,000 | $555,000 | $66,000 | $380,000 |
| Refinancing | 161 | $24,835,000 | $154,000 | $535,000 | $80,000 | $249,000 |
| Cash-out Refinancing | 61 | $9,215,000 | $151,000 | $415,000 | $69,000 | $214,000 |
| Home Improvement | 24 | $1,100,000 | $45,000 | $125,000 | $73,000 | $231,000 |
| Other Purpose | 11 | $975,000 | $88,000 | $175,000 | $69,000 | $132,000 |
| Not Applicable | 2 | $110,000 | $55,000 | $65,000 | $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 | 275 | $42,925,000 | $156,000 | $555,000 | $74,000 | $380,000 |
| Not Provided | 69 | $8,965,000 | $129,000 | $325,000 | $68,000 | $243,000 |
| Black or African American | 64 | $8,080,000 | $126,000 | $375,000 | $67,000 | $214,000 |
| Not applicable | 20 | $3,860,000 | $193,000 | $405,000 | $85,000 | $85,000 |
| Hispanic | 12 | $1,480,000 | $123,000 | $285,000 | $41,000 | $79,000 |
| Asian | 3 | $405,000 | $135,000 | $175,000 | $28,000 | $47,000 |
| American Indian or Alaskan Native | 2 | $220,000 | $110,000 | $165,000 | $85,000 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 302 | $41,450,000 | $137,000 | $535,000 | $75,000 | $380,000 |
| FHA-insured (Federal Housing Administration) | 68 | $10,580,000 | $155,000 | $325,000 | $58,000 | $180,000 |
| VA-guaranteed (Veterans Administration) | 66 | $12,420,000 | $188,000 | $555,000 | $58,000 | $177,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,485,000 | $165,000 | $305,000 | $71,000 | $129,000 |
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 | 248 | $38,720,000 | $156,000 | $555,000 | $76,000 | $249,000 |
| Application Denied By Financial Institution | 93 | $11,345,000 | $121,000 | $405,000 | $63,000 | $380,000 |
| Application Withdrawn By Applicant | 42 | $6,280,000 | $149,000 | $305,000 | $75,000 | $228,000 |
| File Closed For Incompleteness | 31 | $4,405,000 | $142,000 | $395,000 | $64,000 | $203,000 |
| Loan Purchased By The Institution | 21 | $3,975,000 | $189,000 | $405,000 | $82,000 | $132,000 |
| Application Approved But Not Accepted | 7 | $635,000 | $90,000 | $195,000 | $54,000 | $97,000 |
| Preapproval Approved but not Accepted | 2 | $380,000 | $190,000 | $285,000 | $43,000 | $46,000 |
| Preapproval Denied by Financial Institution | 1 | $195,000 | $195,000 | $195,000 | $54,000 | $54,000 |
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 | 345 | $53,595,000 | $155,000 | $555,000 | $74,000 | $249,000 |
| Credit History | 29 | $2,995,000 | $103,000 | $225,000 | $67,000 | $214,000 |
| Debt-To-Income Ratio | 25 | $3,605,000 | $144,000 | $375,000 | $61,000 | $380,000 |
| Collateral | 17 | $1,855,000 | $109,000 | $345,000 | $72,000 | $212,000 |
| Other | 12 | $1,800,000 | $150,000 | $405,000 | $61,000 | $132,000 |
| Credit Application Incomplete | 10 | $1,290,000 | $129,000 | $215,000 | $54,000 | $181,000 |
| Unverifiable Information | 5 | $675,000 | $135,000 | $185,000 | $67,000 | $126,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $120,000 | $60,000 | $75,000 | $3,000 | $4,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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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