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Gloucester County, Virginia
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Gloucester County, Virginia, saw 1,802 HMDA-reported applications and 1,069 originations ($259m) in 2024.
That is 70.0 originations per 1,000 households, against 54.4 for Virginia and 48.0 nationally.
The county's denial rate was 21.8%, close to the state rate of 22.1%. The median rate spread on originated loans was 0.4 percentage points and 20.0% of originations were 1.5 points or more above the average prime offer rate.
17 lenders reached 25 applications in the county; the most active by originations were Langley Federal Credit Union (104), BayPort Credit Union (89) and Atlantic Bay Mortgage Group (74).
Originations were up 19% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Langley Federal Credit Union | 123 | 104 | $8.7m | 12.6% | — |
| 2 | BayPort Credit Union | 119 | 89 | $13m | 9.0% | — |
| 3 | Atlantic Bay Mortgage Group | 86 | 74 | $23m | 0.0% | — |
| 4 | Rocket Mortgage | 89 | 67 | $14m | 16.9% | — |
| 5 | 1st Advantage Federal Credit U | 90 | 52 | $4.9m | 31.7% | — |
| 6 | Movement Mortgage, LLC | 68 | 52 | $12m | 8.3% | — |
| 7 | United Wholesale Mortgage | 49 | 36 | $12m | 14.0% | — |
| 8 | Navy Federal Credit Union | 70 | 35 | $8.3m | 27.1% | — |
| 9 | Truist Bank | 64 | 32 | $6.2m | 33.3% | — |
| 10 | Mortgage Research Center | 67 | 31 | $11m | 29.5% | — |
| 11 | Chesapeake Bank | 44 | 26 | $5.4m | 18.9% | — |
| 12 | American Neighborhood Mortgage Acceptance Company | 37 | 26 | $8.9m | 0.0% | — |
| 13 | Newrez LLC | 44 | 22 | $5.8m | 24.1% | — |
| 14 | Freedom Mortgage Corporation | 41 | 22 | $8.9m | 14.8% | — |
| 15 | Pennymac Loan Services LLC | 37 | 19 | $4.9m | 23.1% | — |
| 16 | Discover Bank | 29 | 6 | $660k | — | — |
| 17 | Vanderbilt Mortgage and Finance, Inc | 84 | 5 | $445k | 88.1% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 17. Denial rate is denials over decided applications in this county.
Compared with Virginia and the nation
| Measure | This county | Virginia | United States |
|---|---|---|---|
| Denial rate | 21.8% | 22.1% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 20.0% | 16.5% | 15.6% |
| Average originated loan | $243k | $352k | $329k |
| Originations per 1,000 households | 70.0 | 54.4 | 48.0 |
| Home purchase share of originations | 44.2% | 55.8% | 57.0% |
| FHA-insured share | 12.5% | 11.7% | 13.4% |
| VA-guaranteed share | 23.6% | 16.4% | 7.9% |
Rate spread distribution
Share of 1,024 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Virginia). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 44% (473)Home improvement 13% (141)Refinancing 13% (139)Cash-out refinancing 15% (165)Other purpose 14% (151)
By type
Conventional 63% (676)FHA 13% (134)VA 24% (252)USDA 1% (7)
Trend by year
ApplicationsOriginations
This countyVirginia
Questions and answers
Which lenders are most active in Gloucester County, VA?
By 2024 originations: Langley Federal Credit Union (104), BayPort Credit Union (89), Atlantic Bay Mortgage Group (74), Rocket Mortgage (67), 1st Advantage Federal Credit U (52). 17 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Gloucester County?
21.8% of decided applications were denied in 2024, against 22.1% across Virginia and 24.3% nationally.
How many mortgages were originated in Gloucester County in 2024?
1,069 loans totalling $259m, from 1,802 applications; 70.0 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 51073; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.