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Spotsylvania 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.
Spotsylvania County, Virginia, saw 7,280 HMDA-reported applications and 4,189 originations ($1.4bn) in 2024.
That is 79.8 originations per 1,000 households, against 54.4 for Virginia and 48.0 nationally.
The county's denial rate was 23.1%, close to the state rate of 22.1%. The median rate spread on originated loans was 0.3 percentage points and 21.5% of originations were 1.5 points or more above the average prime offer rate.
56 lenders reached 25 applications in the county; the most active by originations were Navy Federal Credit Union (388), Rocket Mortgage (302) and Nvr Mortgage Finance, Inc. (226).
Originations were up 24% on 2023.
Most active lenders
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 56. Denial rate is denials over decided applications in this county.
Compared with Virginia and the nation
| Measure | This county | Virginia | United States |
|---|---|---|---|
| Denial rate | 23.1% | 22.1% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 21.5% | 16.5% | 15.6% |
| Average originated loan | $345k | $352k | $329k |
| Originations per 1,000 households | 79.8 | 54.4 | 48.0 |
| Home purchase share of originations | 53.5% | 55.8% | 57.0% |
| FHA-insured share | 15.7% | 11.7% | 13.4% |
| VA-guaranteed share | 23.8% | 16.4% | 7.9% |
Rate spread distribution
Share of 3,974 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 54% (2,241)Home improvement 10% (408)Refinancing 12% (498)Cash-out refinancing 13% (565)Other purpose 11% (476)
By type
Conventional 60% (2,522)FHA 16% (658)VA 24% (995)USDA 0% (14)
Trend by year
ApplicationsOriginations
This countyVirginia
Questions and answers
Which lenders are most active in Spotsylvania County, VA?
By 2024 originations: Navy Federal Credit Union (388), Rocket Mortgage (302), Nvr Mortgage Finance, Inc. (226), United Wholesale Mortgage (177), Movement Mortgage, LLC (162). 56 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Spotsylvania County?
23.1% of decided applications were denied in 2024, against 22.1% across Virginia and 24.3% nationally.
How many mortgages were originated in Spotsylvania County in 2024?
4,189 loans totalling $1.4bn, from 7,280 applications; 79.8 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 51177; 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.