Virginia
Mortgage Loan Application
Totals and Details
in 2019

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 2003-2019 in all of Virginia.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 501,571
Total Mortgage Loan Application Amount $146,538,720,000
Average Mortgage Loan Application Amount $292,000
Highest Mortgage Loan Application Amount $94,105,000
Average Applicant Income $121,000
Highest Applicant Income $9,749,000

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 2019

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 226,372 $72,942,060,000 $322,000 $88,005,000 $118,000 $9,749,000
Refinancing 127,583 $43,694,450,000 $342,000 $94,105,000 $131,000 $8,400,000
Cash-out Refinancing 79,714 $22,032,400,000 $276,000 $57,005,000 $111,000 $9,350,000
Home Improvement 31,290 $3,188,240,000 $101,000 $53,815,000 $131,000 $7,939,000
Other Purpose 30,420 $3,367,350,000 $110,000 $37,055,000 $126,000 $7,339,000
Not Applicable 6,192 $1,314,220,000 $212,000 $24,755,000 $134,000 $1,400,000

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 261,508 $69,431,005,000 $265,000 $31,915,000 $122,000 $9,749,000
Not Provided 67,940 $21,152,580,000 $311,000 $26,385,000 $136,000 $8,596,000
Not applicable 56,878 $24,217,730,000 $425,000 $94,105,000 $124,000 $3,933,000
Black or African American 52,912 $12,120,350,000 $229,000 $3,245,000 $90,000 $7,939,000
Asian 29,239 $10,370,195,000 $354,000 $3,245,000 $143,000 $8,600,000
Hispanic 25,591 $6,914,985,000 $270,000 $3,005,000 $97,000 $5,639,000
American Indian or Alaskan Native 2,195 $540,435,000 $246,000 $1,245,000 $101,000 $1,560,000
Native Hawaiian or Other Pacific Islander 600 $173,240,000 $288,000 $1,775,000 $114,000 $1,077,000

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) 330,819 $94,878,610,000 $286,000 $94,105,000 $134,000 $9,749,000
VA-guaranteed (Veterans Administration) 96,936 $33,676,760,000 $347,000 $31,915,000 $99,000 $7,380,000
FHA-insured (Federal Housing Administration) 67,214 $16,807,270,000 $250,000 $37,715,000 $72,000 $9,350,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6,602 $1,176,080,000 $178,000 $1,505,000 $55,000 $225,000

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 267,412 $82,120,035,000 $307,000 $94,105,000 $124,000 $8,596,000
Loan Purchased By The Institution 76,984 $24,760,605,000 $321,000 $24,825,000 $127,000 $3,933,000
Application Denied By Financial Institution 64,457 $12,414,980,000 $192,000 $75,215,000 $100,000 $9,749,000
Application Withdrawn By Applicant 63,855 $19,606,065,000 $307,000 $75,215,000 $127,000 $9,350,000
File Closed For Incompleteness 19,572 $5,131,580,000 $262,000 $37,305,000 $118,000 $8,400,000
Application Approved But Not Accepted 9,198 $2,475,920,000 $269,000 $11,205,000 $128,000 $8,600,000
Preapproval Denied by Financial Institution 51 $15,625,000 $306,000 $665,000 $51,000 $253,000
Preapproval Approved but not Accepted 42 $13,910,000 $331,000 $1,605,000 $106,000 $333,000

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 426,568 $130,913,220,000 $306,000 $94,105,000 $125,000 $9,350,000
Debt-To-Income Ratio 29,289 $6,819,475,000 $232,000 $38,405,000 $89,000 $3,933,000
Credit History 17,881 $2,508,745,000 $140,000 $2,505,000 $97,000 $7,939,000
Collateral 9,017 $1,740,505,000 $193,000 $3,585,000 $127,000 $5,000,000
Other 7,068 $1,635,285,000 $231,000 $75,215,000 $121,000 $9,749,000
Credit Application Incomplete 6,649 $1,862,545,000 $280,000 $2,105,000 $122,000 $3,213,000
Unverifiable Information 2,397 $456,835,000 $190,000 $2,005,000 $115,000 $6,360,000
Insufficient Cash (Downpayment, Closing Cost) 2,018 $431,640,000 $213,000 $29,005,000 $126,000 $3,546,000
Employment History 646 $162,080,000 $250,000 $7,035,000 $74,000 $660,000
Mortgage Insurance Denied 38 $8,390,000 $220,000 $685,000 $131,000 $708,000
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Mortgage Loan Application Totals in 2019 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 5,960 $ 1,131,060,000 $ 189,000 $ 94,000
CHARLOTTESVILLE, VA 11,564 $ 3,145,120,000 $ 271,000 $ 125,000
HARRISONBURG, VA 4,858 $ 941,990,000 $ 193,000 $ 89,000
LYNCHBURG, VA 11,730 $ 2,113,120,000 $ 180,000 $ 83,000
RICHMOND, VA 80,647 $ 19,375,510,000 $ 240,000 $ 104,000
ROANOKE, VA 15,629 $ 2,720,185,000 $ 174,000 $ 90,000
STAUNTON-WAYNESBORO, VA 6,725 $ 1,154,345,000 $ 171,000 $ 77,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 104,807 $ 25,512,965,000 $ 243,000 $ 97,000
WINCHESTER, VA-WV 7,678 $ 1,779,020,000 $ 231,000 $ 99,000
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Mortgage Loan Application Totals in 2019 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 1,433 $ 216,755,000 $ 151,000 $ 92,000
Albemarle 5,798 $ 1,792,650,000 $ 309,000 $ 139,000
Alexandria 8,878 $ 4,051,275,000 $ 456,000 $ 188,000
Alleghany 539 $ 70,525,000 $ 130,000 $ 69,000
Amelia 695 $ 130,675,000 $ 188,000 $ 80,000
Amherst 1,333 $ 192,355,000 $ 144,000 $ 70,000
Appomattox 699 $ 103,855,000 $ 148,000 $ 68,000
Arlington 11,056 $ 5,695,440,000 $ 515,000 $ 217,000
Augusta 4,165 $ 754,875,000 $ 181,000 $ 80,000
Bath 160 $ 22,600,000 $ 141,000 $ 114,000
Bedford 4,668 $ 926,950,000 $ 198,000 $ 94,000
Bedford City n/a $ n/a $ n/a $ n/a
Bland 188 $ 18,840,000 $ 100,000 $ 68,000
Botetourt 2,002 $ 378,090,000 $ 188,000 $ 94,000
Bristol 583 $ 64,705,000 $ 110,000 $ 64,000
Brunswick 441 $ 69,615,000 $ 157,000 $ 94,000
Buchanan 338 $ 26,380,000 $ 78,000 $ 57,000
Buckingham 534 $ 76,410,000 $ 143,000 $ 69,000
Buena Vista 232 $ 24,410,000 $ 105,000 $ 57,000
Campbell 2,359 $ 388,075,000 $ 164,000 $ 73,000
Caroline 2,289 $ 439,555,000 $ 192,000 $ 78,000
Carroll 1,105 $ 135,945,000 $ 123,000 $ 67,000
Charles City 334 $ 53,810,000 $ 161,000 $ 75,000
Charlotte 301 $ 35,525,000 $ 118,000 $ 73,000
Charlottesville 1,754 $ 525,780,000 $ 299,000 $ 144,000
Chesapeake 18,067 $ 4,549,415,000 $ 251,000 $ 95,000
Chesterfield 26,454 $ 6,333,500,000 $ 239,000 $ 100,000
Clarke 985 $ 294,145,000 $ 298,000 $ 128,000
Colonial Heights 974 $ 153,220,000 $ 157,000 $ 70,000
Covington 167 $ 15,105,000 $ 90,000 $ 55,000
Craig 212 $ 30,800,000 $ 145,000 $ 70,000
Culpeper 3,474 $ 899,810,000 $ 259,000 $ 97,000
Cumberland 480 $ 71,180,000 $ 148,000 $ 71,000
Danville 858 $ 111,400,000 $ 129,000 $ 68,000
Dickenson 302 $ 28,350,000 $ 93,000 $ 61,000
Dinwiddie 1,356 $ 220,660,000 $ 162,000 $ 72,000
Emporia 128 $ 13,070,000 $ 102,000 $ 69,000
Essex 563 $ 97,465,000 $ 173,000 $ 90,000
Fairfax 69,232 $ 29,822,170,000 $ 430,000 $ 176,000
Fairfax City 1,528 $ 577,800,000 $ 378,000 $ 152,000
Falls Church 787 $ 436,075,000 $ 554,000 $ 236,000
Fauquier 5,613 $ 1,894,805,000 $ 337,000 $ 131,000
Floyd 627 $ 100,035,000 $ 159,000 $ 84,000
Fluvanna 1,886 $ 365,430,000 $ 193,000 $ 85,000
Franklin 2,806 $ 541,110,000 $ 192,000 $ 105,000
Franklin City 229 $ 31,115,000 $ 135,000 $ 73,000
Frederick 6,626 $ 1,542,400,000 $ 232,000 $ 99,000
Fredericksburg 1,257 $ 442,895,000 $ 352,000 $ 133,000
Galax 194 $ 23,620,000 $ 121,000 $ 65,000
Giles 594 $ 74,920,000 $ 126,000 $ 71,000
Gloucester 2,429 $ 507,665,000 $ 209,000 $ 87,000
Goochland 1,674 $ 486,590,000 $ 290,000 $ 158,000
Grayson 486 $ 57,340,000 $ 117,000 $ 63,000
Greene 1,256 $ 285,020,000 $ 226,000 $ 86,000
Greensville 255 $ 27,115,000 $ 106,000 $ 65,000
Halifax 1,007 $ 117,995,000 $ 117,000 $ 71,000
Hampton 7,354 $ 1,403,310,000 $ 190,000 $ 76,000
Hanover 7,813 $ 1,869,145,000 $ 239,000 $ 107,000
Harrisonburg 1,197 $ 295,395,000 $ 246,000 $ 83,000
Henrico 20,775 $ 5,479,970,000 $ 263,000 $ 107,000
Henry 1,380 $ 146,410,000 $ 106,000 $ 65,000
Highland 75 $ 12,885,000 $ 171,000 $ 100,000
Hopewell 1,086 $ 138,300,000 $ 127,000 $ 62,000
Isle of Wight 2,580 $ 645,870,000 $ 250,000 $ 103,000
James City 5,536 $ 1,476,710,000 $ 266,000 $ 119,000
King and Queen 303 $ 50,045,000 $ 165,000 $ 77,000
King George 1,895 $ 516,985,000 $ 272,000 $ 113,000
King William 1,289 $ 237,995,000 $ 184,000 $ 75,000
Lancaster 624 $ 145,470,000 $ 233,000 $ 121,000
Lee 526 $ 44,170,000 $ 83,000 $ 59,000
Lexington 200 $ 38,260,000 $ 191,000 $ 136,000
Loudoun 36,202 $ 15,074,210,000 $ 416,000 $ 166,000
Louisa 2,956 $ 649,370,000 $ 219,000 $ 107,000
Lunenburg 397 $ 48,995,000 $ 123,000 $ 69,000
Lynchburg 2,718 $ 506,820,000 $ 186,000 $ 84,000
Madison 702 $ 143,190,000 $ 203,000 $ 99,000
Manassas 2,591 $ 735,455,000 $ 283,000 $ 97,000
Manassas Park 989 $ 271,395,000 $ 274,000 $ 92,000
Martinsville 367 $ 34,075,000 $ 92,000 $ 58,000
Mathews 543 $ 116,235,000 $ 214,000 $ 106,000
Mecklenburg 1,120 $ 173,620,000 $ 155,000 $ 93,000
Middlesex 644 $ 133,550,000 $ 207,000 $ 112,000
Montgomery 3,557 $ 787,115,000 $ 221,000 $ 107,000
Nelson 872 $ 176,790,000 $ 202,000 $ 121,000
New Kent 1,875 $ 445,165,000 $ 237,000 $ 100,000
Newport News 7,645 $ 1,631,565,000 $ 213,000 $ 81,000
Norfolk 11,597 $ 2,550,675,000 $ 219,000 $ 91,000
Northampton 635 $ 128,235,000 $ 201,000 $ 114,000
Northumberland 819 $ 175,225,000 $ 213,000 $ 116,000
Norton 70 $ 6,770,000 $ 96,000 $ 60,000
Nottoway 454 $ 58,650,000 $ 129,000 $ 71,000
Orange 2,812 $ 604,390,000 $ 214,000 $ 89,000
Page 974 $ 158,650,000 $ 162,000 $ 76,000
Patrick 509 $ 56,755,000 $ 111,000 $ 67,000
Petersburg 1,054 $ 142,060,000 $ 134,000 $ 67,000
Pittsylvania 1,832 $ 231,090,000 $ 126,000 $ 73,000
Poquoson 811 $ 219,315,000 $ 270,000 $ 121,000
Portsmouth 5,676 $ 1,157,590,000 $ 203,000 $ 70,000
Powhatan 2,296 $ 562,320,000 $ 244,000 $ 108,000
Prince Edward 688 $ 114,520,000 $ 166,000 $ 73,000
Prince George 1,870 $ 358,070,000 $ 191,000 $ 81,000
Prince William 35,639 $ 12,474,940,000 $ 350,000 $ 122,000
Pulaski 1,409 $ 197,335,000 $ 140,000 $ 74,000
Radford 401 $ 71,715,000 $ 178,000 $ 78,000
Rappahannock 421 $ 136,445,000 $ 324,000 $ 151,000
Richmond 357 $ 56,435,000 $ 158,000 $ 83,000
Richmond City 10,484 $ 2,796,690,000 $ 266,000 $ 122,000
Roanoke 5,372 $ 942,590,000 $ 175,000 $ 90,000
Roanoke City 4,174 $ 659,740,000 $ 158,000 $ 78,000
Rockbridge 889 $ 165,755,000 $ 186,000 $ 89,000
Rockingham 3,666 $ 691,120,000 $ 188,000 $ 91,000
Russell 637 $ 69,695,000 $ 109,000 $ 66,000
Salem 1,071 $ 168,355,000 $ 157,000 $ 85,000
Scott 544 $ 57,860,000 $ 106,000 $ 62,000
Shenandoah 2,610 $ 473,060,000 $ 181,000 $ 89,000
Smyth 855 $ 84,345,000 $ 98,000 $ 64,000
Southampton 682 $ 102,590,000 $ 150,000 $ 73,000
Spotsylvania 11,292 $ 3,082,370,000 $ 272,000 $ 104,000
Stafford 13,521 $ 4,461,645,000 $ 329,000 $ 117,000
Staunton 1,344 $ 225,590,000 $ 167,000 $ 75,000
Suffolk 7,062 $ 1,794,580,000 $ 254,000 $ 96,000
Surry 290 $ 50,140,000 $ 172,000 $ 84,000
Sussex 336 $ 48,280,000 $ 143,000 $ 69,000
Tazewell 964 $ 106,890,000 $ 110,000 $ 67,000
Virginia Beach 29,879 $ 8,086,335,000 $ 270,000 $ 109,000
Warren 3,225 $ 713,885,000 $ 221,000 $ 93,000
Washington 1,784 $ 263,100,000 $ 147,000 $ 79,000
Waynesboro 1,234 $ 215,300,000 $ 174,000 $ 69,000
Westmoreland 1,344 $ 239,710,000 $ 178,000 $ 96,000
Williamsburg 525 $ 191,505,000 $ 364,000 $ 120,000
Winchester 1,058 $ 236,960,000 $ 223,000 $ 99,000
Wise 841 $ 82,795,000 $ 98,000 $ 66,000
Wythe 1,147 $ 134,125,000 $ 116,000 $ 64,000
York 4,216 $ 1,156,740,000 $ 274,000 $ 114,000

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