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Boone County, West 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.
Boone County, West Virginia, saw 491 HMDA-reported applications and 196 originations ($25m) in 2024.
That is 24.7 originations per 1,000 households, against 37.3 for West Virginia and 48.0 nationally.
The county's denial rate was 43.8%, above the state rate of 28.3%. The median rate spread on originated loans was 1.0 percentage points and 33.1% of originations were 1.5 points or more above the average prime offer rate.
5 lenders reached 25 applications in the county; the most active by originations were Gateway First Bank (25), Rocket Mortgage (19) and Vanderbilt Mortgage and Finance, Inc (17).
Originations were about level with 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Gateway First Bank | 37 | 25 | $2.9m | 3.8% | — |
| 2 | Rocket Mortgage | 26 | 19 | $2.3m | 24.0% | — |
| 3 | Vanderbilt Mortgage and Finance, Inc | 96 | 17 | $2.0m | 69.2% | — |
| 4 | Truist Bank | 29 | 12 | $1.1m | — | — |
| 5 | Credit Human Federal Credit Un | 25 | 2 | $240k | 84.0% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 5. Denial rate is denials over decided applications in this county.
Compared with West Virginia and the nation
| Measure | This county | West Virginia | United States |
|---|---|---|---|
| Denial rate | 43.8% | 28.3% | 24.3% |
| Median rate spread, pp | 1.0 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 33.1% | 15.8% | 15.6% |
| Average originated loan | $128k | $195k | $329k |
| Originations per 1,000 households | 24.7 | 37.3 | 48.0 |
| Home purchase share of originations | 68.4% | 61.4% | 57.0% |
| FHA-insured share | 24.5% | 17.5% | 13.4% |
| VA-guaranteed share | 6.1% | 9.4% | 7.9% |
Rate spread distribution
Share of 163 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: West 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 68% (134)Home improvement 6% (12)Refinancing 12% (23)Cash-out refinancing 11% (22)Other purpose 3% (5)
By type
Conventional 64% (126)FHA 24% (48)VA 6% (12)USDA 5% (10)
Trend by year
ApplicationsOriginations
This countyWest Virginia
Questions and answers
Which lenders are most active in Boone County, WV?
By 2024 originations: Gateway First Bank (25), Rocket Mortgage (19), Vanderbilt Mortgage and Finance, Inc (17), Truist Bank (12), Credit Human Federal Credit Un (2). 5 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Boone County?
43.8% of decided applications were denied in 2024, against 28.3% across West Virginia and 24.3% nationally.
How many mortgages were originated in Boone County in 2024?
196 loans totalling $25m, from 491 applications; 24.7 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 54005; 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.