States › Virginia › Petersburg city
Petersburg city, 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.
Lenders reported 1,472 mortgage applications in Petersburg city, Virginia, for 2024, and originated 755 loans worth $274m.
That is 49.9 originations per 1,000 households, against 54.4 for Virginia and 48.0 nationally.
The county's denial rate was 28.8%, above the state rate of 22.1%. The median rate spread on originated loans was 0.6 percentage points and 18.1% of originations were 1.5 points or more above the average prime offer rate.
13 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (48), United Wholesale Mortgage (46) and Virginia Federal Credit Union (38).
Originations were up 6% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 76 | 48 | $8.6m | 30.4% | — |
| 2 | United Wholesale Mortgage | 67 | 46 | $7.9m | 19.3% | — |
| 3 | Virginia Federal Credit Union | 61 | 38 | $4.1m | 29.1% | — |
| 4 | Mortgage Research Center | 53 | 29 | $7.3m | 25.6% | — |
| 5 | Movement Mortgage, LLC | 44 | 23 | $4.0m | 21.1% | — |
| 6 | United Bank | 33 | 23 | $4.9m | 14.8% | — |
| 7 | C&F Mortgage Corp | 25 | 17 | $2.8m | — | — |
| 8 | Truist Bank | 41 | 15 | $1.0m | 59.0% | — |
| 9 | Navy Federal Credit Union | 51 | 13 | $1.7m | 54.5% | — |
| 10 | Bank of America NA | 27 | 10 | $1.3m | — | — |
| 11 | Freedom Mortgage Corporation | 27 | 9 | $2.1m | — | — |
| 12 | New American Funding, LLC. | 28 | 8 | $1.6m | — | — |
| 13 | Amerisave Mortgage Company | 31 | 4 | $360k | 84.0% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 13. Denial rate is denials over decided applications in this county.
Compared with Virginia and the nation
| Measure | This county | Virginia | United States |
|---|---|---|---|
| Denial rate | 28.8% | 22.1% | 24.3% |
| Median rate spread, pp | 0.6 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 18.1% | 16.5% | 15.6% |
| Average originated loan | $363k | $352k | $329k |
| Originations per 1,000 households | 49.9 | 54.4 | 48.0 |
| Home purchase share of originations | 60.0% | 55.8% | 57.0% |
| FHA-insured share | 22.5% | 11.7% | 13.4% |
| VA-guaranteed share | 15.1% | 16.4% | 7.9% |
Rate spread distribution
Share of 562 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 60% (453)Home improvement 7% (53)Refinancing 12% (92)Cash-out refinancing 17% (127)Other purpose 4% (30)
By type
Conventional 62% (470)FHA 23% (170)VA 15% (114)USDA 0% (1)
Trend by year
ApplicationsOriginations
This countyVirginia
Questions and answers
Which lenders are most active in Petersburg city, VA?
By 2024 originations: Rocket Mortgage (48), United Wholesale Mortgage (46), Virginia Federal Credit Union (38), Mortgage Research Center (29), Movement Mortgage, LLC (23). 13 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Petersburg city?
28.8% of decided applications were denied in 2024, against 22.1% across Virginia and 24.3% nationally.
How many mortgages were originated in Petersburg city in 2024?
755 loans totalling $274m, from 1,472 applications; 49.9 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 51730; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.