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Shenandoah 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.
Shenandoah County, Virginia, saw 1,889 HMDA-reported applications and 1,148 originations ($266m) in 2024.
That is 63.9 originations per 1,000 households, against 54.4 for Virginia and 48.0 nationally.
The county's denial rate was 22.2%, close to the state rate of 22.1%. The median rate spread on originated loans was 0.5 percentage points and 16.4% of originations were 1.5 points or more above the average prime offer rate.
19 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (102), First Bank (64) and Navy Federal Credit Union (57).
Originations were up 19% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 133 | 102 | $21m | 13.9% | — |
| 2 | First Bank | 107 | 64 | $8.2m | 29.0% | — |
| 3 | Navy Federal Credit Union | 97 | 57 | $8.6m | 24.7% | — |
| 4 | Homespire Mortgage Corporation | 61 | 50 | $13m | 1.9% | — |
| 5 | Integrity Home Mortgage Corporation | 56 | 47 | $13m | 7.8% | — |
| 6 | Truist Bank | 94 | 46 | $5.7m | 46.5% | — |
| 7 | City National Bank of WV | 81 | 43 | $5.3m | 34.2% | — |
| 8 | Dupont Community Credit Union | 59 | 41 | $3.9m | 16.1% | — |
| 9 | United Wholesale Mortgage | 54 | 36 | $12m | 20.0% | — |
| 10 | Farmers & Merchants Bank | 39 | 27 | $8.3m | 8.1% | — |
| 11 | Movement Mortgage, LLC | 30 | 25 | $5.4m | 7.1% | — |
| 12 | Ark-La-Tex Financial Services LLC | 33 | 24 | $7.6m | — | — |
| 13 | Everett Financial, Inc. | 29 | 24 | $6.3m | 11.1% | — |
| 14 | United Bank | 30 | 20 | $4.7m | 28.6% | — |
| 15 | Pennymac Loan Services LLC | 25 | 17 | $3.9m | — | — |
| 16 | Discover Bank | 50 | 14 | $1.2m | 62.2% | — |
| 17 | Freedom Mortgage Corporation | 34 | 13 | $4.7m | — | — |
| 18 | Loandepot.com, LLC | 25 | 13 | $2.7m | — | — |
| 19 | Mortgage Research Center | 28 | 11 | $3.8m | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 19. Denial rate is denials over decided applications in this county.
Compared with Virginia and the nation
| Measure | This county | Virginia | United States |
|---|---|---|---|
| Denial rate | 22.2% | 22.1% | 24.3% |
| Median rate spread, pp | 0.5 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.4% | 16.5% | 15.6% |
| Average originated loan | $232k | $352k | $329k |
| Originations per 1,000 households | 63.9 | 54.4 | 48.0 |
| Home purchase share of originations | 51.0% | 55.8% | 57.0% |
| FHA-insured share | 14.6% | 11.7% | 13.4% |
| VA-guaranteed share | 9.3% | 16.4% | 7.9% |
Rate spread distribution
Share of 1,007 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 51% (585)Home improvement 12% (140)Refinancing 13% (154)Cash-out refinancing 14% (159)Other purpose 10% (110)
By type
Conventional 75% (859)FHA 15% (168)VA 9% (107)USDA 1% (14)
Trend by year
ApplicationsOriginations
This countyVirginia
Questions and answers
Which lenders are most active in Shenandoah County, VA?
By 2024 originations: Rocket Mortgage (102), First Bank (64), Navy Federal Credit Union (57), Homespire Mortgage Corporation (50), Integrity Home Mortgage Corporation (47). 19 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Shenandoah County?
22.2% of decided applications were denied in 2024, against 22.1% across Virginia and 24.3% nationally.
How many mortgages were originated in Shenandoah County in 2024?
1,148 loans totalling $266m, from 1,889 applications; 63.9 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 51171; 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.