Virginia
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Virginia mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all Virginia based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Virginia's mortgage market trends.

Years 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 309,662
Total Mortgage Loan Application Amount $93,372,780,000
Average Mortgage Loan Application Amount $301,000
Highest Mortgage Loan Application Amount $98,055,000
Average Applicant Income $142,000
Highest Applicant Income $9,571,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Virginia. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Virginia, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Virginia.

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Mortgage Loan Application Detail Totals for Virginia in 2023

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 172,589 $67,679,530,000 $392,000 $98,055,000 $148,000 $8,766,000
Cash-out Refinancing 43,037 $10,955,355,000 $254,000 $36,035,000 $115,000 $7,601,000
Other Purpose 37,493 $4,137,405,000 $110,000 $65,005,000 $137,000 $9,571,000
Home Improvement 35,586 $3,823,280,000 $107,000 $46,675,000 $150,000 $7,893,000
Refinancing 20,184 $6,589,285,000 $326,000 $95,005,000 $146,000 $8,601,000
Not Applicable 773 $187,925,000 $243,000 $34,005,000 $64,000 $315,000

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 145,650 $37,756,100,000 $259,000 $15,005,000 $143,000 $8,342,000
Not Provided 42,225 $13,081,015,000 $309,000 $12,305,000 $153,000 $7,465,000
Black or African American 40,268 $9,628,020,000 $239,000 $8,205,000 $112,000 $6,398,000
Not applicable 39,243 $18,369,505,000 $468,000 $98,055,000 $150,000 $1,750,000
Hispanic 18,588 $5,183,130,000 $278,000 $6,005,000 $126,000 $8,601,000
Asian 17,515 $7,295,635,000 $416,000 $5,005,000 $181,000 $9,571,000
American Indian or Alaskan Native 1,955 $434,145,000 $222,000 $1,435,000 $122,000 $5,180,000
Native Hawaiian or Other Pacific Islander 398 $120,200,000 $302,000 $3,005,000 $153,000 $4,140,000

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) 217,901 $60,372,895,000 $277,000 $98,055,000 $154,000 $9,571,000
VA-guaranteed (Veterans Administration) 48,162 $20,100,450,000 $417,000 $3,525,000 $127,000 $1,809,000
FHA-insured (Federal Housing Administration) 41,465 $12,462,225,000 $300,000 $52,845,000 $92,000 $3,324,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,134 $437,210,000 $204,000 $1,185,000 $72,000 $250,000

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 159,338 $50,992,600,000 $320,000 $98,055,000 $149,000 $7,969,000
Application Denied By Financial Institution 51,732 $9,588,520,000 $185,000 $49,005,000 $114,000 $8,766,000
Application Withdrawn By Applicant 38,949 $13,236,035,000 $339,000 $87,025,000 $148,000 $8,342,000
Loan Purchased By The Institution 37,164 $14,267,060,000 $383,000 $55,815,000 $157,000 $2,510,000
File Closed For Incompleteness 15,546 $3,476,080,000 $223,000 $12,305,000 $131,000 $9,571,000
Application Approved But Not Accepted 6,556 $1,662,040,000 $253,000 $17,005,000 $139,000 $4,715,000
Preapproval Approved but not Accepted 257 $111,055,000 $432,000 $2,505,000 $147,000 $1,433,000
Preapproval Denied by Financial Institution 120 $39,390,000 $328,000 $1,185,000 $100,000 $345,000

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 253,791 $82,357,885,000 $324,000 $98,055,000 $148,000 $9,571,000
Debt-To-Income Ratio 21,778 $4,843,870,000 $222,000 $65,225,000 $95,000 $4,529,000
Credit History 14,412 $2,029,150,000 $140,000 $5,005,000 $118,000 $7,486,000
Collateral 5,880 $1,148,350,000 $195,000 $29,295,000 $148,000 $3,541,000
Credit Application Incomplete 5,379 $1,045,775,000 $194,000 $6,005,000 $138,000 $8,766,000
Other 4,549 $977,095,000 $214,000 $49,005,000 $143,000 $5,514,000
Unverifiable Information 2,394 $510,810,000 $213,000 $5,185,000 $112,000 $7,893,000
Insufficient Cash (Downpayment, Closing Cost) 902 $309,500,000 $343,000 $2,555,000 $136,000 $7,213,000
Employment History 567 $147,415,000 $259,000 $1,335,000 $107,000 $4,680,000
Mortgage Insurance Denied 10 $2,930,000 $293,000 $645,000 $106,000 $190,000
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Mortgage Loan Application Totals in 2023 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 4,343 $ 926,885,000 $ 213,000 $ 112,000
CHARLOTTESVILLE, VA 7,539 $ 2,422,565,000 $ 321,000 $ 164,000
HARRISONBURG, VA 3,551 $ 851,645,000 $ 239,000 $ 114,000
LYNCHBURG, VA 9,564 $ 1,943,220,000 $ 203,000 $ 104,000
RICHMOND, VA 52,553 $ 14,081,895,000 $ 267,000 $ 127,000
ROANOKE, VA 11,082 $ 2,375,090,000 $ 214,000 $ 107,000
STAUNTON-WAYNESBORO, VA 4,869 $ 949,125,000 $ 194,000 $ 96,000
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 73,994 $ 19,440,885,000 $ 262,000 $ 119,000
WINCHESTER, VA-WV 5,115 $ 1,381,755,000 $ 270,000 $ 127,000
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Mortgage Loan Application Totals in 2023 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 1,222 $ 241,620,000 $ 197,000 $ 106,000
Albemarle 3,695 $ 1,447,505,000 $ 391,000 $ 190,000
Alexandria 4,166 $ 2,035,045,000 $ 488,000 $ 220,000
Alleghany 417 $ 56,025,000 $ 134,000 $ 76,000
Amelia 528 $ 102,130,000 $ 193,000 $ 88,000
Amherst 1,135 $ 202,335,000 $ 178,000 $ 87,000
Appomattox 672 $ 123,200,000 $ 183,000 $ 90,000
Arlington 4,472 $ 2,765,620,000 $ 618,000 $ 264,000
Augusta 2,686 $ 520,840,000 $ 193,000 $ 100,000
Bath 115 $ 18,705,000 $ 162,000 $ 97,000
Bedford 3,350 $ 740,130,000 $ 220,000 $ 118,000
Bedford City n/a $ n/a $ n/a $ n/a
Bland 121 $ 25,595,000 $ 211,000 $ 94,000
Botetourt 1,266 $ 291,820,000 $ 230,000 $ 109,000
Bristol 627 $ 91,525,000 $ 145,000 $ 80,000
Brunswick 401 $ 73,625,000 $ 183,000 $ 100,000
Buchanan 288 $ 27,740,000 $ 96,000 $ 78,000
Buckingham 549 $ 96,175,000 $ 175,000 $ 75,000
Buena Vista 170 $ 23,000,000 $ 135,000 $ 74,000
Campbell 1,866 $ 369,020,000 $ 197,000 $ 90,000
Caroline 1,980 $ 478,690,000 $ 241,000 $ 100,000
Carroll 939 $ 140,245,000 $ 149,000 $ 84,000
Charles City 275 $ 53,905,000 $ 196,000 $ 102,000
Charlotte 250 $ 38,360,000 $ 153,000 $ 102,000
Charlottesville 902 $ 291,280,000 $ 322,000 $ 190,000
Chesapeake 11,583 $ 3,173,415,000 $ 273,000 $ 124,000
Chesterfield 16,733 $ 4,532,245,000 $ 270,000 $ 128,000
Clarke 572 $ 187,530,000 $ 327,000 $ 165,000
Colonial Heights 684 $ 127,150,000 $ 185,000 $ 90,000
Covington 134 $ 13,110,000 $ 97,000 $ 56,000
Craig 136 $ 20,900,000 $ 153,000 $ 83,000
Culpeper 2,187 $ 648,035,000 $ 296,000 $ 130,000
Cumberland 453 $ 85,065,000 $ 187,000 $ 86,000
Danville 1,086 $ 151,220,000 $ 139,000 $ 82,000
Dickenson 269 $ 29,245,000 $ 108,000 $ 81,000
Dinwiddie 1,208 $ 235,390,000 $ 194,000 $ 88,000
Emporia 119 $ 15,855,000 $ 133,000 $ 78,000
Essex 485 $ 96,745,000 $ 199,000 $ 98,000
Fairfax 30,371 $ 14,709,065,000 $ 484,000 $ 221,000
Fairfax City 857 $ 367,715,000 $ 429,000 $ 204,000
Falls Church 304 $ 182,210,000 $ 599,000 $ 323,000
Fauquier 2,796 $ 1,034,650,000 $ 370,000 $ 177,000
Floyd 457 $ 78,835,000 $ 172,000 $ 97,000
Fluvanna 1,389 $ 313,485,000 $ 225,000 $ 106,000
Franklin 2,061 $ 460,405,000 $ 223,000 $ 120,000
Franklin City 369 $ 90,435,000 $ 245,000 $ 94,000
Frederick 4,337 $ 1,182,295,000 $ 272,000 $ 126,000
Fredericksburg 819 $ 273,005,000 $ 333,000 $ 157,000
Galax 227 $ 36,475,000 $ 160,000 $ 81,000
Giles 505 $ 77,405,000 $ 153,000 $ 93,000
Gloucester 1,720 $ 375,580,000 $ 218,000 $ 109,000
Goochland 1,195 $ 394,745,000 $ 330,000 $ 178,000
Grayson 426 $ 69,560,000 $ 163,000 $ 87,000
Greene 810 $ 188,510,000 $ 232,000 $ 119,000
Greensville 234 $ 31,500,000 $ 134,000 $ 73,000
Halifax 875 $ 126,875,000 $ 145,000 $ 88,000
Hampton 6,253 $ 1,390,185,000 $ 222,000 $ 93,000
Hanover 4,497 $ 1,227,215,000 $ 272,000 $ 141,000
Harrisonburg 858 $ 229,210,000 $ 267,000 $ 114,000
Henrico 12,326 $ 3,336,970,000 $ 270,000 $ 130,000
Henry 1,506 $ 197,740,000 $ 131,000 $ 74,000
Highland 32 $ 6,950,000 $ 217,000 $ 132,000
Hopewell 967 $ 161,985,000 $ 167,000 $ 75,000
Isle of Wight 2,027 $ 509,235,000 $ 251,000 $ 119,000
James City 3,491 $ 1,057,440,000 $ 302,000 $ 150,000
King and Queen 294 $ 58,140,000 $ 197,000 $ 92,000
King George 1,306 $ 398,130,000 $ 304,000 $ 139,000
King William 855 $ 180,425,000 $ 211,000 $ 93,000
Lancaster 482 $ 132,760,000 $ 275,000 $ 185,000
Lee 509 $ 59,595,000 $ 117,000 $ 77,000
Lexington 114 $ 33,010,000 $ 289,000 $ 153,000
Loudoun 15,892 $ 7,277,000,000 $ 457,000 $ 217,000
Louisa 2,248 $ 626,700,000 $ 278,000 $ 133,000
Lunenburg 278 $ 40,810,000 $ 146,000 $ 76,000
Lynchburg 2,541 $ 508,535,000 $ 200,000 $ 106,000
Madison 493 $ 120,945,000 $ 245,000 $ 120,000
Manassas 1,340 $ 407,530,000 $ 304,000 $ 134,000
Manassas Park 683 $ 223,555,000 $ 327,000 $ 123,000
Martinsville 422 $ 55,790,000 $ 132,000 $ 82,000
Mathews 363 $ 88,735,000 $ 244,000 $ 129,000
Mecklenburg 960 $ 195,820,000 $ 203,000 $ 116,000
Middlesex 521 $ 112,635,000 $ 216,000 $ 139,000
Montgomery 2,355 $ 602,275,000 $ 255,000 $ 130,000
Nelson 743 $ 181,785,000 $ 244,000 $ 160,000
New Kent 1,639 $ 442,975,000 $ 270,000 $ 120,000
Newport News 6,443 $ 1,452,935,000 $ 225,000 $ 95,000
Norfolk 8,710 $ 2,285,090,000 $ 262,000 $ 111,000
Northampton 633 $ 185,195,000 $ 292,000 $ 173,000
Northumberland 679 $ 163,965,000 $ 241,000 $ 156,000
Norton 92 $ 11,360,000 $ 123,000 $ 70,000
Nottoway 496 $ 82,030,000 $ 165,000 $ 79,000
Orange 2,077 $ 530,885,000 $ 255,000 $ 111,000
Page 860 $ 172,850,000 $ 200,000 $ 112,000
Patrick 467 $ 74,125,000 $ 158,000 $ 85,000
Petersburg 1,509 $ 337,895,000 $ 223,000 $ 78,000
Pittsylvania 1,575 $ 250,165,000 $ 158,000 $ 84,000
Poquoson 723 $ 218,415,000 $ 302,000 $ 142,000
Portsmouth 5,043 $ 1,100,645,000 $ 218,000 $ 88,000
Powhatan 1,348 $ 372,820,000 $ 276,000 $ 138,000
Prince Edward 627 $ 108,815,000 $ 173,000 $ 91,000
Prince George 1,549 $ 353,245,000 $ 228,000 $ 98,000
Prince William 17,416 $ 6,092,950,000 $ 349,000 $ 159,000
Pulaski 1,141 $ 187,705,000 $ 164,000 $ 89,000
Radford 342 $ 59,500,000 $ 173,000 $ 95,000
Rappahannock 296 $ 112,830,000 $ 381,000 $ 192,000
Richmond 274 $ 44,080,000 $ 160,000 $ 85,000
Richmond City 6,629 $ 2,108,925,000 $ 318,000 $ 143,000
Roanoke 3,582 $ 822,530,000 $ 229,000 $ 111,000
Roanoke City 3,256 $ 625,060,000 $ 191,000 $ 95,000
Rockbridge 610 $ 126,680,000 $ 207,000 $ 103,000
Rockingham 2,693 $ 622,435,000 $ 231,000 $ 114,000
Russell 566 $ 72,970,000 $ 128,000 $ 72,000
Salem 781 $ 154,375,000 $ 197,000 $ 99,000
Scott 546 $ 68,940,000 $ 126,000 $ 76,000
Shenandoah 1,837 $ 381,655,000 $ 207,000 $ 108,000
Smyth 835 $ 111,245,000 $ 133,000 $ 75,000
Southampton 612 $ 107,910,000 $ 176,000 $ 91,000
Spotsylvania 6,805 $ 2,154,515,000 $ 316,000 $ 141,000
Stafford 7,622 $ 2,722,300,000 $ 357,000 $ 153,000
Staunton 1,089 $ 207,595,000 $ 190,000 $ 90,000
Suffolk 5,639 $ 1,565,975,000 $ 277,000 $ 119,000
Surry 265 $ 54,525,000 $ 205,000 $ 90,000
Sussex 317 $ 55,735,000 $ 175,000 $ 81,000
Tazewell 878 $ 115,020,000 $ 131,000 $ 76,000
Virginia Beach 17,916 $ 5,082,490,000 $ 283,000 $ 138,000
Warren 1,872 $ 464,530,000 $ 248,000 $ 126,000
Washington 1,709 $ 290,295,000 $ 169,000 $ 94,000
Waynesboro 1,094 $ 220,690,000 $ 201,000 $ 91,000
Westmoreland 1,159 $ 250,285,000 $ 215,000 $ 110,000
Williamsburg 325 $ 82,735,000 $ 254,000 $ 133,000
Winchester 778 $ 199,460,000 $ 256,000 $ 131,000
Wise 725 $ 83,985,000 $ 115,000 $ 76,000
Wythe 957 $ 135,885,000 $ 141,000 $ 79,000
York 2,777 $ 859,665,000 $ 309,000 $ 142,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Virginia's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Virginia's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the Virginia Lender List