Virginia
Mortgage Loan Application
Totals and Details
in 2018

Find mortgage statistics and mortgage data for Virginia.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2018 in all of Virginia.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 414,069
Total Mortgage Loan Application Amount $109,613,940,000
Average Mortgage Loan Application Amount $264,000
Highest Mortgage Loan Application Amount $95,505,000
Average Applicant Income $114,000
Highest Applicant Income $9,604,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Virginia, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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 2018

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 218,520 $69,066,930,000 $316,000 $95,505,000 $116,000 $9,460,000
Cash-out Refinancing 66,947 $16,576,115,000 $247,000 $62,595,000 $99,000 $9,604,000
Refinancing 59,483 $16,488,980,000 $277,000 $88,005,000 $116,000 $6,000,000
Home Improvement 32,592 $3,072,330,000 $94,000 $45,005,000 $127,000 $8,213,000
Other Purpose 29,678 $3,112,760,000 $104,000 $45,195,000 $119,000 $8,272,000
Not Applicable 6,849 $1,296,825,000 $189,000 $3,305,000 $95,000 $991,000

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 221,173 $52,318,635,000 $236,000 $12,005,000 $116,000 $9,460,000
Not Provided 49,687 $13,940,105,000 $280,000 $29,505,000 $131,000 $9,604,000
Not applicable 47,106 $19,602,580,000 $416,000 $95,505,000 $112,000 $1,748,000
Black or African American 45,239 $9,335,930,000 $206,000 $5,505,000 $86,000 $8,062,000
Asian 23,138 $7,458,220,000 $322,000 $5,505,000 $134,000 $4,200,000
Hispanic 21,273 $5,246,535,000 $246,000 $2,735,000 $92,000 $6,012,000
American Indian or Alaskan Native 1,995 $427,725,000 $214,000 $1,845,000 $99,000 $1,753,000
Native Hawaiian or Other Pacific Islander 613 $187,555,000 $305,000 $15,705,000 $107,000 $583,000

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) 280,296 $72,345,900,000 $258,000 $95,505,000 $126,000 $9,604,000
VA-guaranteed (Veterans Administration) 67,225 $21,784,185,000 $324,000 $2,255,000 $101,000 $2,376,000
FHA-insured (Federal Housing Administration) 59,649 $14,295,590,000 $239,000 $77,995,000 $70,000 $2,160,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,899 $1,188,265,000 $172,000 $2,505,000 $55,000 $312,000

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 211,349 $58,639,510,000 $277,000 $95,505,000 $119,000 $9,604,000
Loan Purchased By The Institution 65,502 $19,783,610,000 $302,000 $12,005,000 $118,000 $4,494,000
Application Denied By Financial Institution 64,694 $11,461,780,000 $177,000 $62,005,000 $94,000 $8,272,000
Application Withdrawn By Applicant 50,864 $14,782,880,000 $290,000 $95,005,000 $116,000 $8,000,000
File Closed For Incompleteness 14,048 $3,168,370,000 $225,000 $3,505,000 $112,000 $7,270,000
Application Approved But Not Accepted 7,503 $1,747,755,000 $232,000 $8,355,000 $127,000 $9,460,000
Preapproval Denied by Financial Institution 57 $13,655,000 $239,000 $1,305,000 $91,000 $732,000
Preapproval Approved but not Accepted 52 $16,380,000 $315,000 $665,000 $102,000 $254,000

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 343,540 $96,477,175,000 $280,000 $95,505,000 $118,000 $9,604,000
Debt-To-Income Ratio 24,447 $5,157,735,000 $210,000 $55,505,000 $79,000 $3,051,000
Credit History 18,145 $2,421,595,000 $133,000 $3,755,000 $93,000 $8,272,000
Collateral 9,833 $1,656,465,000 $168,000 $22,335,000 $116,000 $4,287,000
Other 6,800 $1,396,850,000 $205,000 $62,005,000 $110,000 $8,213,000
Credit Application Incomplete 6,213 $1,490,805,000 $239,000 $5,555,000 $105,000 $2,489,000
Insufficient Cash (Downpayment, Closing Cost) 2,174 $418,580,000 $192,000 $5,505,000 $121,000 $3,344,000
Unverifiable Information 2,172 $379,410,000 $174,000 $2,455,000 $101,000 $3,106,000
Employment History 693 $159,105,000 $229,000 $2,985,000 $74,000 $1,080,000
Mortgage Insurance Denied 52 $56,220,000 $1,081,000 $45,195,000 $90,000 $358,000
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Mortgage Loan Application Totals in 2018 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 5,857 $ 981,985,000 $ 167,000 $ 90,000
CHARLOTTESVILLE, VA 10,716 $ 2,708,650,000 $ 252,000 $ 120,000
HARRISONBURG, VA 4,418 $ 797,260,000 $ 180,000 $ 86,000
LYNCHBURG, VA 10,428 $ 1,674,190,000 $ 160,000 $ 81,000
RICHMOND, VA 68,890 $ 15,189,290,000 $ 220,000 $ 98,000
ROANOKE, VA 13,707 $ 2,176,615,000 $ 158,000 $ 84,000
STAUNTON-WAYNESBORO, VA 5,992 $ 912,330,000 $ 152,000 $ 72,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 84,660 $ 18,760,095,000 $ 221,000 $ 94,000
WINCHESTER, VA-WV 6,278 $ 1,414,330,000 $ 225,000 $ 96,000
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Mortgage Loan Application Totals in 2018 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 1,270 $ 210,300,000 $ 165,000 $ 93,000
Albemarle 5,150 $ 1,532,710,000 $ 297,000 $ 141,000
Alexandria 7,193 $ 3,667,215,000 $ 509,000 $ 176,000
Alleghany 470 $ 50,600,000 $ 107,000 $ 65,000
Amelia 622 $ 101,990,000 $ 163,000 $ 70,000
Amherst 1,147 $ 158,895,000 $ 138,000 $ 64,000
Appomattox 612 $ 81,110,000 $ 132,000 $ 66,000
Arlington 8,740 $ 3,997,225,000 $ 457,000 $ 203,000
Augusta 3,889 $ 615,185,000 $ 158,000 $ 74,000
Bath 179 $ 24,605,000 $ 137,000 $ 123,000
Bedford 4,033 $ 731,845,000 $ 181,000 $ 90,000
Bedford City n/a $ n/a $ n/a $ n/a
Bland 175 $ 19,125,000 $ 109,000 $ 57,000
Botetourt 1,641 $ 294,335,000 $ 179,000 $ 89,000
Bristol 547 $ 57,495,000 $ 105,000 $ 59,000
Brunswick 459 $ 64,775,000 $ 141,000 $ 82,000
Buchanan 347 $ 26,295,000 $ 75,000 $ 58,000
Buckingham 561 $ 73,485,000 $ 130,000 $ 63,000
Buena Vista 192 $ 17,580,000 $ 91,000 $ 55,000
Campbell 2,025 $ 285,815,000 $ 141,000 $ 72,000
Caroline 1,994 $ 347,060,000 $ 174,000 $ 75,000
Carroll 1,064 $ 114,730,000 $ 107,000 $ 62,000
Charles City 303 $ 49,225,000 $ 162,000 $ 68,000
Charlotte 317 $ 37,425,000 $ 118,000 $ 78,000
Charlottesville 1,556 $ 491,720,000 $ 316,000 $ 128,000
Chesapeake 14,511 $ 3,488,615,000 $ 240,000 $ 95,000
Chesterfield 21,478 $ 4,711,210,000 $ 219,000 $ 95,000
Clarke 762 $ 203,030,000 $ 266,000 $ 121,000
Colonial Heights 819 $ 118,375,000 $ 144,000 $ 70,000
Covington 171 $ 13,435,000 $ 78,000 $ 51,000
Craig 245 $ 33,985,000 $ 138,000 $ 73,000
Culpeper 2,767 $ 668,655,000 $ 241,000 $ 96,000
Cumberland 424 $ 57,640,000 $ 135,000 $ 67,000
Danville 833 $ 108,955,000 $ 130,000 $ 68,000
Dickenson 337 $ 27,205,000 $ 80,000 $ 60,000
Dinwiddie 1,325 $ 191,775,000 $ 144,000 $ 71,000
Emporia 106 $ 9,660,000 $ 91,000 $ 49,000
Essex 507 $ 77,005,000 $ 151,000 $ 81,000
Fairfax 54,608 $ 21,538,885,000 $ 394,000 $ 166,000
Fairfax City 1,371 $ 468,265,000 $ 341,000 $ 150,000
Falls Church 602 $ 403,360,000 $ 670,000 $ 273,000
Fauquier 4,497 $ 1,393,895,000 $ 309,000 $ 132,000
Floyd 568 $ 78,550,000 $ 138,000 $ 72,000
Fluvanna 1,556 $ 288,210,000 $ 185,000 $ 84,000
Franklin 2,437 $ 425,345,000 $ 174,000 $ 95,000
Franklin City 273 $ 34,355,000 $ 125,000 $ 70,000
Frederick 5,332 $ 1,161,340,000 $ 217,000 $ 96,000
Fredericksburg 1,024 $ 309,120,000 $ 301,000 $ 134,000
Galax 198 $ 20,990,000 $ 106,000 $ 61,000
Giles 561 $ 64,855,000 $ 115,000 $ 69,000
Gloucester 2,169 $ 421,925,000 $ 194,000 $ 83,000
Goochland 1,433 $ 399,885,000 $ 279,000 $ 151,000
Grayson 431 $ 48,195,000 $ 111,000 $ 68,000
Greene 1,090 $ 209,190,000 $ 191,000 $ 86,000
Greensville 252 $ 26,860,000 $ 106,000 $ 69,000
Halifax 992 $ 106,380,000 $ 107,000 $ 65,000
Hampton 6,202 $ 1,099,580,000 $ 177,000 $ 74,000
Hanover 6,180 $ 1,394,940,000 $ 225,000 $ 103,000
Harrisonburg 1,246 $ 224,030,000 $ 179,000 $ 90,000
Henrico 17,190 $ 3,786,870,000 $ 220,000 $ 102,000
Henry 1,362 $ 133,480,000 $ 98,000 $ 60,000
Highland 74 $ 9,930,000 $ 134,000 $ 98,000
Hopewell 987 $ 116,855,000 $ 118,000 $ 62,000
Isle of Wight 1,893 $ 452,965,000 $ 239,000 $ 100,000
James City 4,394 $ 1,109,540,000 $ 252,000 $ 114,000
King and Queen 299 $ 44,825,000 $ 149,000 $ 73,000
King George 1,428 $ 352,950,000 $ 247,000 $ 107,000
King William 1,070 $ 179,940,000 $ 168,000 $ 72,000
Lancaster 547 $ 110,945,000 $ 202,000 $ 137,000
Lee 467 $ 42,215,000 $ 90,000 $ 56,000
Lexington 167 $ 31,245,000 $ 187,000 $ 108,000
Loudoun 27,946 $ 10,776,450,000 $ 385,000 $ 162,000
Louisa 2,384 $ 503,020,000 $ 210,000 $ 101,000
Lunenburg 366 $ 42,710,000 $ 116,000 $ 65,000
Lynchburg 2,663 $ 427,975,000 $ 160,000 $ 83,000
Madison 595 $ 111,295,000 $ 187,000 $ 89,000
Manassas 2,253 $ 553,575,000 $ 245,000 $ 95,000
Manassas Park 844 $ 233,120,000 $ 276,000 $ 93,000
Martinsville 292 $ 28,610,000 $ 97,000 $ 65,000
Mathews 423 $ 82,605,000 $ 195,000 $ 103,000
Mecklenburg 1,025 $ 149,365,000 $ 145,000 $ 92,000
Middlesex 615 $ 118,405,000 $ 192,000 $ 101,000
Montgomery 3,014 $ 624,740,000 $ 207,000 $ 106,000
Nelson 831 $ 150,555,000 $ 181,000 $ 118,000
New Kent 1,607 $ 355,325,000 $ 221,000 $ 96,000
Newport News 6,373 $ 1,130,675,000 $ 177,000 $ 77,000
Norfolk 9,635 $ 1,979,965,000 $ 205,000 $ 85,000
Northampton 601 $ 110,865,000 $ 184,000 $ 117,000
Northumberland 720 $ 142,170,000 $ 197,000 $ 116,000
Norton 62 $ 5,900,000 $ 95,000 $ 57,000
Nottoway 438 $ 52,240,000 $ 119,000 $ 64,000
Orange 2,379 $ 454,925,000 $ 191,000 $ 86,000
Page 835 $ 119,295,000 $ 142,000 $ 76,000
Patrick 512 $ 58,840,000 $ 114,000 $ 69,000
Petersburg 1,049 $ 136,905,000 $ 130,000 $ 59,000
Pittsylvania 1,754 $ 208,730,000 $ 119,000 $ 68,000
Poquoson 655 $ 156,135,000 $ 238,000 $ 125,000
Portsmouth 4,833 $ 777,735,000 $ 160,000 $ 68,000
Powhatan 1,848 $ 462,980,000 $ 250,000 $ 100,000
Prince Edward 616 $ 81,180,000 $ 131,000 $ 74,000
Prince George 1,722 $ 304,120,000 $ 176,000 $ 81,000
Prince William 28,043 $ 8,527,295,000 $ 304,000 $ 116,000
Pulaski 1,346 $ 172,670,000 $ 128,000 $ 74,000
Radford 373 $ 56,055,000 $ 150,000 $ 79,000
Rappahannock 377 $ 115,575,000 $ 306,000 $ 138,000
Richmond 320 $ 45,610,000 $ 142,000 $ 78,000
Richmond City 8,987 $ 2,513,925,000 $ 279,000 $ 114,000
Roanoke 4,814 $ 823,380,000 $ 171,000 $ 87,000
Roanoke City 3,588 $ 486,040,000 $ 135,000 $ 71,000
Rockbridge 870 $ 136,860,000 $ 157,000 $ 77,000
Rockingham 3,176 $ 580,310,000 $ 182,000 $ 85,000
Russell 723 $ 72,685,000 $ 100,000 $ 63,000
Salem 992 $ 146,430,000 $ 147,000 $ 78,000
Scott 568 $ 53,320,000 $ 93,000 $ 60,000
Shenandoah 2,249 $ 384,435,000 $ 170,000 $ 80,000
Smyth 781 $ 75,415,000 $ 96,000 $ 59,000
Southampton 678 $ 99,660,000 $ 146,000 $ 69,000
Spotsylvania 9,111 $ 2,333,165,000 $ 256,000 $ 101,000
Stafford 10,505 $ 3,236,195,000 $ 308,000 $ 113,000
Staunton 1,192 $ 160,070,000 $ 134,000 $ 66,000
Suffolk 5,670 $ 1,350,405,000 $ 238,000 $ 93,000
Surry 322 $ 51,030,000 $ 158,000 $ 80,000
Sussex 313 $ 37,385,000 $ 119,000 $ 63,000
Tazewell 997 $ 103,695,000 $ 104,000 $ 68,000
Virginia Beach 24,158 $ 5,886,130,000 $ 243,000 $ 106,000
Warren 2,656 $ 539,070,000 $ 202,000 $ 86,000
Washington 1,737 $ 250,855,000 $ 144,000 $ 79,000
Waynesboro 945 $ 144,635,000 $ 153,000 $ 68,000
Westmoreland 1,256 $ 206,280,000 $ 164,000 $ 98,000
Williamsburg 473 $ 127,475,000 $ 269,000 $ 120,000
Winchester 953 $ 254,095,000 $ 266,000 $ 100,000
Wise 955 $ 84,385,000 $ 88,000 $ 60,000
Wythe 1,075 $ 114,925,000 $ 106,000 $ 66,000
York 3,304 $ 853,860,000 $ 258,000 $ 111,000

We hope these mortgage application details and statistics 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 Virginia.

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