Today's Virginia (VA) Mortgage Rates

Virginia (VA) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 2,411,242
Loan purchased by the institution: 988,198
Application denied by financial institution: 762,720
Application withdrawn by applicant: 471,780
Application approved but not accepted: 201,692
File closed for incompleteness: 134,184
Preapproval request denied by financial institution: 854
Preapproval request approved but not accepted: 83

Purpose of Loans

Refinancing: 2,979,891
Home purchase: 1,676,348
Home improvement: 314,514

Mortgage Types

Conventional: 3,619,097
FHA-insured: 774,807
VA-guaranteed: 525,597
FSA/RHS-guaranteed: 51,252

Mortage Actions by Applicant Race

White: 2,953,415
Information not provided by applicant in mail, Internet, or telephone application: 681,465
Black or African American: 548,779
Not applicable: 492,220
Asian: 258,139
American Indian or Alaska Native: 20,010
Native Hawaiian or Other Pacific Islander: 16,725

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 3,609,477
Information not provided by applicant in mail, Internet, or telephone application: 670,071
Not applicable: 493,347
Hispanic or Latino: 197,858

Mortage Actions by Applicant Sex

Male: 2,848,130
Female: 1,243,145
Not applicable: 492,538
Information not provided by applicant in mail, Internet, or telephone application: 386,940

Mortage Actions by Agency Name

Department of Housing and Urban Development: 1,348,000
Consumer Financial Protection Bureau: 1,261,136
Office of the Comptroller of the Currency: 919,220
Federal Reserve System: 555,250
Federal Deposit Insurance Corporation: 356,295
Office of Thrift Supervision: 298,972
National Credit Union Administration: 231,880

Mortage Actions by County

Fairfax County: 766,764
Prince William County: 334,740
Virginia Beach city: 315,126
Loudoun County: 310,178
Chesterfield County: 228,641
Henrico County: 195,664
Chesapeake city: 166,246
Arlington County: 136,385
Norfolk city: 115,296
Stafford County: 104,479
Richmond city: 97,238
Alexandria city: 94,869
Spotsylvania County: 93,509
Newport News city: 90,395
Hampton city: 80,609
Hanover County: 68,056
Suffolk city: 63,699
Portsmouth city: 60,155
Albemarle County: 55,001
Roanoke County: 54,027
Frederick County: 53,148
James City County: 51,676
Fauquier County: 48,274
Roanoke city: 45,710
Bedford County: 44,102
York County: 42,663
Augusta County: 38,738
Montgomery County: 37,811
Rockingham County: 36,620
Culpeper County: 30,302
Franklin County: 29,365
Lynchburg city: 29,187
Warren County: 27,017
Gloucester County: 25,894
Campbell County: 25,746
Louisa County: 25,619
Manassas city: 24,664
Shenandoah County: 24,646
Isle of Wight County: 24,421
Orange County: 23,617
Pittsylvania County: 22,284
Caroline County: 21,968
Washington County: 21,019
Botetourt County: 19,851
Powhatan County: 19,588
Charlottesville city: 18,501
Fluvanna County: 18,458
Prince George County: 17,936
King George County: 17,456
Henry County: 16,337
Fairfax city: 16,289
Dinwiddie County: 16,156
New Kent County: 15,806
Pulaski County: 15,472
Accomack County: 15,045
Goochland County: 14,994
Amherst County: 14,624
Tazewell County: 14,154
Petersburg city: 14,015
Harrisonburg city: 13,898
Wise County: 12,716
Greene County: 12,439
Westmoreland County: 12,333
Salem city: 12,149
Staunton city: 11,934
Page County: 11,670
Mecklenburg County: 11,549
Fredericksburg city: 11,437
Danville city: 11,393
King William County: 11,264
Wythe County: 11,194
Winchester city: 11,039
Manassas Park city: 11,000
Unknown: 10,980
Nelson County: 10,927
Hopewell city: 10,767
Carroll County: 10,423
Halifax County: 10,346
Waynesboro city: 10,313
Rockbridge County: 10,226
Smyth County: 9,852
Clarke County: 9,662
Falls Church city: 9,124
Northumberland County: 9,005
Colonial Heights city: 8,930
Southampton County: 8,737
Russell County: 8,651
Poquoson city: 7,906
Giles County: 7,856
Amelia County: 7,622
Middlesex County: 7,059
Prince Edward County: 6,946
Madison County: 6,756
Appomattox County: 6,414
Bristol city: 6,403
Lancaster County: 6,256
Floyd County: 6,162
Lee County: 6,034
Essex County: 5,866
Scott County: 5,840

Mortage Actions by City

Washington, Arlington, Alexandria – DC, VA, MD, WV: 2,003,770
Virginia Beach, Norfolk, Newport News – VA, NC: 1,057,028
Richmond – VA: 785,841
Unknown: 468,755
Roanoke – VA: 163,751
Lynchburg – VA: 122,462
Charlottesville – VA: 116,337
Blacksburg, Christiansburg, Radford – VA: 67,071
Winchester – VA, WV: 64,130
Harrisonburg – VA: 50,476
Kingsport, Bristol, Bristol – TN, VA: 33,255
Danville – VA: 28,569
Staunton, Waynesboro – VA: 9,308

Mortage Denial Reasons

Unknown: 4,428,914
Credit history: 146,360
Collateral: 118,323
Debt-to-income ratio: 115,431
Other: 61,666
Credit application incomplete: 59,558
Unverifiable information: 21,292
Insufficient cash (downpayment, closing costs): 12,238
Employment history: 6,178
Mortgage insurance denied: 793

HOEPA Status of Mortage Loans

Not a HOEPA loan: 4,969,878
HOEPA loan: 875

Lien Status of Mortage Loans

Secured by a first lien: 3,622,881
Not applicable: 988,198
Secured by a subordinate lien: 242,381
Not secured by a lien: 117,293

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 4,559,284
Not owner-occupied as a principal dwelling: 396,038
Not applicable: 15,431

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 4,873,051
Manufactured housing: 92,888
Multifamily dwelling: 4,814

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 2,387,691
Fannie Mae (FNMA): 660,758
Ginnie Mae (GNMA): 509,144
Freddie Mac (FHLMC): 426,947
Commercial bank, savings bank or savings association: 338,155
Affiliate institution: 229,566
Other type of purchaser: 219,139
Life insurance company, credit union, mortgage bank, or finance company: 170,030
Private securitization: 29,304
Farmer Mac (FAMC): 19