Lenders › Lower, LLC › Virginia
Lower, LLC in Virginia
HMDA record for properties in Virginia, calendar year 2024. National record · Virginia overview
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.
Lower, LLC's 2024 HMDA record for Virginia covers 1,097 applications, 731 of them originated, worth $284m.
Its denial rate in the state was 10.9%, below the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its Virginia originations was 0.4 percentage points (state median 0.3).
Applications in the state were up 82% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 10.9% | 22.1% | 12.7% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 6.1% | 16.5% | 7.3% | 15.6% |
| Average originated loan | $389k | $352k | $310k | $329k |
| Home purchase share | 78.8% | 55.8% | 81.3% | 57.0% |
| FHA-insured share | 23.4% | 11.7% | 26.1% | 13.4% |
| VA-guaranteed share | 10.9% | 16.4% | 8.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 79% (576)Refinancing 7% (54)Cash-out refinancing 14% (101)
By type
Conventional 65% (474)FHA 23% (171)VA 11% (80)USDA 1% (6)
Denial reasons as coded
Share of 91 denials in Virginia by first denial reason coded (outlined bar: all lenders in the state).
Counties in Virginia
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Fairfax County | 148 | 106 | $55m | 7.8% |
| Prince William County | 118 | 77 | $32m | 13.2% |
| Loudoun County | 88 | 60 | $44m | 4.8% |
| Lynchburg city | 53 | 37 | $7.3m | 15.9% |
| Campbell County | 48 | 37 | $8.6m | 11.9% |
| Bedford County | 35 | 29 | $8.8m | 0.0% |
| Arlington County | 26 | 22 | $13m | — |
| Roanoke city | 25 | 20 | $4.1m | — |
| Spotsylvania County | 29 | 18 | $6.4m | — |
| Virginia Beach city | 26 | 12 | $4.4m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in Virginia in 2024?
731 loans totalling $284m, from 1,097 applications reported for properties in Virginia.
What is Lower, LLC's denial rate in Virginia?
10.9% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 12.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Virginia counties does Lower, LLC lend in most?
By originations: Fairfax County (106), Prince William County (77), Loudoun County (60), Lynchburg city (37), Campbell County (37).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Virginia. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.