Virginia
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Virginia.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Virginia.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 411,507
Total Mortgage Loan Application Amount $116,653,125,000
Average Mortgage Loan Application Amount $283,000
Highest Mortgage Loan Application Amount $320,000,000
Average Applicant Income $97,000
Highest Applicant Income $360,000,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Virginia, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Virginia in 2017

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 218,595 $69,376,236,000 $317,000 $302,000,000 $97,000 $9,999,000
Refinancing 161,405 $44,043,285,000 $272,000 $320,000,000 $98,000 $360,000,000
Home Improvement 31,507 $3,233,604,000 $102,000 $95,718,000 $94,000 $9,999,000

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 214,333 $55,345,852,000 $258,000 $320,000,000 $108,000 $175,000,000
Not Provided 52,201 $15,032,026,000 $287,000 $8,100,000 $115,000 $9,999,000
Black or African American 48,692 $10,356,761,000 $212,000 $100,000,000 $97,000 $360,000,000
Not applicable 47,380 $21,011,037,000 $443,000 $302,000,000 $20,000 $3,219,000
Asian 23,686 $8,436,047,000 $356,000 $3,850,000 $129,000 $3,682,000
Hispanic 21,972 $5,684,629,000 $258,000 $4,200,000 $85,000 $8,400,000
American Indian or Alaskan Native 2,040 $466,857,000 $228,000 $3,000,000 $94,000 $3,989,000
Native Hawaiin or Other Pacific Islander 1,203 $319,916,000 $265,000 $2,356,000 $102,000 $2,602,000

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) 252,615 $73,020,328,000 $289,000 $320,000,000 $118,000 $360,000,000
VA-guaranteed (Veterans Administration) 78,217 $24,882,073,000 $318,000 $3,159,000 $75,000 $7,200,000
FHA-insured (Federal Housing Administration) 72,401 $17,355,456,000 $239,000 $86,907,000 $54,000 $2,675,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 8,274 $1,395,268,000 $168,000 $591,000 $38,000 $587,000

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 211,218 $62,287,922,000 $294,000 $320,000,000 $108,000 $175,000,000
Loan Purchased By The Institution 68,408 $20,684,332,000 $302,000 $36,336,000 $57,000 $3,682,000
Application Denied By Financial Institution 54,304 $11,281,375,000 $207,000 $100,000,000 $102,000 $360,000,000
Application Withdrawn By Applicant 50,460 $15,651,895,000 $310,000 $302,000,000 $107,000 $9,999,000
File Closed For Incompleteness 17,000 $4,144,789,000 $243,000 $55,000,000 $86,000 $11,149,000
Application Approved But Not Accepted 10,102 $2,598,824,000 $257,000 $8,050,000 $99,000 $6,777,000
Preapproval Denied by Financial Institution 14 $3,883,000 $277,000 $1,000,000 $84,000 $170,000
Preapproval Approved but not Accepted 1 $105,000 $105,000 $105,000 $51,000 $51,000

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
Credit History 11,864 $1,806,803,000 $152,000 $100,000,000 $167,000 $360,000,000
Debt-To-Income Ratio 10,366 $2,248,393,000 $216,000 $5,000,000 $68,000 $2,000,000
Collateral 5,839 $1,445,095,000 $247,000 $5,600,000 $112,000 $6,243,000
Credit Application Incomplete 5,589 $1,427,649,000 $255,000 $9,915,000 $103,000 $2,222,000
Other 4,255 $978,784,000 $230,000 $43,100,000 $98,000 $4,890,000
Unverifiable Information 1,374 $277,693,000 $202,000 $3,850,000 $90,000 $2,536,000
Insufficient Cash (Downpayment, Closing Cost) 1,003 $291,967,000 $291,000 $5,590,000 $108,000 $2,030,000
Employment History 464 $113,610,000 $244,000 $1,723,000 $78,000 $1,621,000
Mortgage Insurance Denied 19 $4,113,000 $216,000 $610,000 $102,000 $265,000
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Mortgage Loan Application Totals in 2017 by Virginia Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BLACKSBURG-CHRISTIANSBURG-RADFORD, VA 5,898 $ 1,081,345,000 $ 183,000 $ 72,000
CHARLOTTESVILLE, VA 9,999 $ 2,580,715,000 $ 258,000 $ 103,000
HARRISONBURG, VA 3,959 $ 792,022,000 $ 200,000 $ 73,000
LYNCHBURG, VA 10,000 $ 1,595,273,000 $ 159,000 $ 68,000
RICHMOND, VA 66,510 $ 15,151,745,000 $ 227,000 $ 96,000
ROANOKE, VA 13,337 $ 2,202,447,000 $ 165,000 $ 70,000
STAUNTON-WAYNESBORO, VA 5,154 $ 853,103,000 $ 165,000 $ 64,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 87,485 $ 20,472,785,000 $ 234,000 $ 74,000
WINCHESTER, VA-WV 6,405 $ 1,435,617,000 $ 224,000 $ 80,000
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Mortgage Loan Application Totals in 2017 by Virginia County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Accomack 1,324 $ 186,380,000 $ 140,000 $ 78,000
Albemarle 4,738 $ 1,502,907,000 $ 317,000 $ 124,000
Alexandria 6,851 $ 4,370,858,000 $ 637,000 $ 145,000
Alleghany 491 $ 54,678,000 $ 111,000 $ 51,000
Amelia 629 $ 101,954,000 $ 162,000 $ 59,000
Amherst 1,258 $ 165,281,000 $ 131,000 $ 54,000
Appomattox 626 $ 82,678,000 $ 132,000 $ 58,000
Arlington 8,691 $ 5,187,238,000 $ 596,000 $ 178,000
Augusta 3,152 $ 548,876,000 $ 174,000 $ 65,000
Bath 147 $ 19,531,000 $ 132,000 $ 87,000
Bedford 3,718 $ 698,174,000 $ 187,000 $ 80,000
Bedford City n/a $ n/a $ n/a $ n/a
Bland 134 $ 15,936,000 $ 118,000 $ 93,000
Botetourt 1,547 $ 284,907,000 $ 184,000 $ 70,000
Bristol 601 $ 60,082,000 $ 99,000 $ 50,000
Brunswick 500 $ 68,181,000 $ 136,000 $ 74,000
Buchanan 435 $ 27,119,000 $ 62,000 $ 51,000
Buckingham 620 $ 75,637,000 $ 121,000 $ 52,000
Buena Vista 196 $ 19,947,000 $ 101,000 $ 57,000
Campbell 2,002 $ 289,574,000 $ 144,000 $ 58,000
Caroline 2,005 $ 353,616,000 $ 176,000 $ 61,000
Carroll 993 $ 106,762,000 $ 107,000 $ 53,000
Charles City 299 $ 47,470,000 $ 158,000 $ 55,000
Charlotte 312 $ 35,552,000 $ 113,000 $ 57,000
Charlottesville 1,452 $ 396,018,000 $ 272,000 $ 106,000
Chesapeake 14,860 $ 3,616,502,000 $ 243,000 $ 74,000
Chesterfield 21,163 $ 4,918,418,000 $ 232,000 $ 79,000
Clarke 795 $ 227,825,000 $ 286,000 $ 110,000
Colonial Heights 777 $ 129,315,000 $ 166,000 $ 60,000
Covington 187 $ 16,281,000 $ 87,000 $ 42,000
Craig 211 $ 29,946,000 $ 141,000 $ 59,000
Culpeper 2,849 $ 703,830,000 $ 247,000 $ 78,000
Cumberland 434 $ 58,443,000 $ 134,000 $ 52,000
Danville 804 $ 85,198,000 $ 105,000 $ 46,000
Dickenson 395 $ 28,817,000 $ 72,000 $ 49,000
Dinwiddie 1,345 $ 208,408,000 $ 154,000 $ 55,000
Emporia 121 $ 13,921,000 $ 115,000 $ 39,000
Essex 518 $ 74,941,000 $ 144,000 $ 60,000
Fairfax 51,969 $ 22,385,097,000 $ 430,000 $ 143,000
Fairfax City 1,294 $ 491,343,000 $ 379,000 $ 131,000
Falls Church 584 $ 389,314,000 $ 666,000 $ 179,000
Fauquier 4,594 $ 1,510,238,000 $ 328,000 $ 112,000
Floyd 525 $ 76,343,000 $ 145,000 $ 65,000
Fluvanna 1,530 $ 281,128,000 $ 183,000 $ 70,000
Franklin 2,367 $ 433,634,000 $ 183,000 $ 84,000
Franklin City 271 $ 36,587,000 $ 135,000 $ 60,000
Frederick 5,441 $ 1,201,033,000 $ 220,000 $ 80,000
Fredericksburg 1,086 $ 361,274,000 $ 332,000 $ 107,000
Galax 206 $ 22,547,000 $ 109,000 $ 47,000
Giles 627 $ 68,262,000 $ 108,000 $ 55,000
Gloucester 2,262 $ 459,585,000 $ 203,000 $ 70,000
Goochland 1,168 $ 340,377,000 $ 291,000 $ 118,000
Grayson 422 $ 47,630,000 $ 112,000 $ 61,000
Greene 960 $ 188,976,000 $ 196,000 $ 70,000
Greensville 290 $ 27,569,000 $ 95,000 $ 50,000
Halifax 1,011 $ 109,935,000 $ 108,000 $ 53,000
Hampton 6,524 $ 1,090,878,000 $ 167,000 $ 60,000
Hanover 5,965 $ 1,447,229,000 $ 242,000 $ 86,000
Harrisonburg 1,036 $ 238,623,000 $ 230,000 $ 69,000
Henrico 16,253 $ 3,928,746,000 $ 241,000 $ 150,000
Henry 1,342 $ 116,141,000 $ 86,000 $ 48,000
Highland 79 $ 13,347,000 $ 168,000 $ 73,000
Hopewell 1,049 $ 125,799,000 $ 119,000 $ 48,000
Isle of Wight 2,078 $ 491,931,000 $ 236,000 $ 75,000
James City 4,411 $ 1,280,909,000 $ 290,000 $ 94,000
King and Queen 287 $ 46,465,000 $ 161,000 $ 66,000
King George 1,445 $ 362,288,000 $ 250,000 $ 94,000
King William 1,050 $ 184,429,000 $ 175,000 $ 58,000
Lancaster 580 $ 134,596,000 $ 232,000 $ 116,000
Lee 558 $ 47,354,000 $ 84,000 $ 53,000
Lexington 152 $ 26,538,000 $ 174,000 $ 90,000
Loudoun 27,349 $ 11,784,570,000 $ 430,000 $ 143,000
Louisa 2,322 $ 486,379,000 $ 209,000 $ 89,000
Lunenburg 403 $ 43,016,000 $ 106,000 $ 54,000
Lynchburg 2,420 $ 360,915,000 $ 149,000 $ 66,000
Madison 613 $ 116,070,000 $ 189,000 $ 74,000
Manassas 2,224 $ 557,194,000 $ 250,000 $ 77,000
Manassas Park 871 $ 206,846,000 $ 237,000 $ 72,000
Martinsville 300 $ 28,735,000 $ 95,000 $ 57,000
Mathews 440 $ 95,749,000 $ 217,000 $ 104,000
Mecklenburg 1,238 $ 179,072,000 $ 144,000 $ 83,000
Middlesex 529 $ 106,256,000 $ 200,000 $ 102,000
Montgomery 3,010 $ 716,606,000 $ 238,000 $ 83,000
Nelson 704 $ 137,128,000 $ 194,000 $ 118,000
New Kent 1,481 $ 331,306,000 $ 223,000 $ 79,000
Newport News 6,749 $ 1,426,205,000 $ 211,000 $ 60,000
Norfolk 9,800 $ 1,947,258,000 $ 198,000 $ 67,000
Northampton 553 $ 104,935,000 $ 189,000 $ 98,000
Northumberland 717 $ 144,011,000 $ 200,000 $ 101,000
Norton 88 $ 8,729,000 $ 99,000 $ 67,000
Nottoway 532 $ 64,759,000 $ 121,000 $ 57,000
Orange 2,376 $ 494,657,000 $ 208,000 $ 74,000
Page 899 $ 137,637,000 $ 153,000 $ 62,000
Patrick 540 $ 55,983,000 $ 103,000 $ 52,000
Petersburg 996 $ 174,618,000 $ 175,000 $ 50,000
Pittsylvania 1,834 $ 218,359,000 $ 119,000 $ 52,000
Poquoson 637 $ 170,479,000 $ 267,000 $ 92,000
Portsmouth 4,975 $ 792,488,000 $ 159,000 $ 53,000
Powhatan 1,822 $ 434,560,000 $ 238,000 $ 82,000
Prince Edward 629 $ 79,916,000 $ 127,000 $ 58,000
Prince George 1,570 $ 290,004,000 $ 184,000 $ 63,000
Prince William 29,454 $ 9,856,189,000 $ 334,000 $ 96,000
Pulaski 1,338 $ 163,454,000 $ 122,000 $ 58,000
Radford 402 $ 56,899,000 $ 141,000 $ 65,000
Rappahannock 368 $ 115,397,000 $ 313,000 $ 120,000
Richmond 290 $ 46,157,000 $ 159,000 $ 60,000
Richmond City 8,642 $ 2,103,927,000 $ 243,000 $ 93,000
Roanoke 4,539 $ 801,895,000 $ 176,000 $ 71,000
Roanoke City 3,723 $ 507,200,000 $ 136,000 $ 60,000
Rockbridge 717 $ 123,455,000 $ 172,000 $ 68,000
Rockingham 2,939 $ 554,893,000 $ 188,000 $ 74,000
Russell 726 $ 66,043,000 $ 90,000 $ 53,000
Salem 954 $ 145,193,000 $ 152,000 $ 68,000
Scott 603 $ 54,232,000 $ 89,000 $ 58,000
Shenandoah 2,103 $ 366,602,000 $ 174,000 $ 67,000
Smyth 852 $ 85,903,000 $ 100,000 $ 55,000
Southampton 747 $ 104,448,000 $ 139,000 $ 57,000
Spotsylvania 9,222 $ 2,349,675,000 $ 254,000 $ 84,000
Stafford 10,720 $ 3,401,794,000 $ 317,000 $ 94,000
Staunton 1,013 $ 146,563,000 $ 144,000 $ 60,000
Suffolk 5,945 $ 1,399,947,000 $ 235,000 $ 72,000
Surry 305 $ 47,369,000 $ 155,000 $ 58,000
Sussex 330 $ 38,665,000 $ 117,000 $ 67,000
Tazewell 1,033 $ 107,974,000 $ 104,000 $ 56,000
Virginia Beach 25,328 $ 6,640,517,000 $ 262,000 $ 82,000
Warren 2,553 $ 557,509,000 $ 218,000 $ 73,000
Washington 1,726 $ 232,315,000 $ 134,000 $ 66,000
Waynesboro 1,005 $ 158,914,000 $ 158,000 $ 67,000
Westmoreland 1,155 $ 195,726,000 $ 169,000 $ 81,000
Williamsburg 366 $ 163,548,000 $ 446,000 $ 102,000
Winchester 974 $ 236,092,000 $ 242,000 $ 81,000
Wise 1,128 $ 98,239,000 $ 87,000 $ 52,000
Wythe 974 $ 116,252,000 $ 119,000 $ 56,000
York 3,138 $ 899,286,000 $ 286,000 $ 87,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in VA.

If you prefer, you can download a copy of the entire list of mortgage lenders in Virginia, and search similar information back through 2003.

Download the Virginia Lender List