Lenders › Truist Bank › Virginia
Truist Bank 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.
In Virginia, Truist Bank reported 10,860 applications and 5,521 originations for 2024, $1.5bn in all.
Its denial rate in the state was 41.1%, above the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 46.3%.
The median rate spread on its Virginia originations was 0.3 percentage points (state median 0.3).
Applications in the state were down 14% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | Truist Bank, all states | United States |
|---|---|---|---|---|
| Denial rate | 41.1% | 22.1% | 46.3% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 25.3% | 16.5% | 24.6% | 15.6% |
| Average originated loan | $273k | $352k | $273k | $329k |
| Home purchase share | 32.1% | 55.8% | 36.3% | 57.0% |
| FHA-insured share | 1.9% | 11.7% | 2.5% | 13.4% |
| VA-guaranteed share | 2.0% | 16.4% | 1.5% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 32% (1,770)Home improvement 17% (920)Refinancing 23% (1,258)Cash-out refinancing 6% (352)Other purpose 22% (1,221)
By type
Conventional 96% (5,304)FHA 2% (104)VA 2% (110)USDA 0% (3)
Denial reasons as coded
Share of 4,004 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 | 1,381 | 729 | $349m | 38.4% |
| Chesterfield County | 747 | 432 | $130m | 34.0% |
| Loudoun County | 763 | 410 | $184m | 32.6% |
| Henrico County | 514 | 258 | $55m | 42.1% |
| Prince William County | 590 | 239 | $72m | 51.0% |
| Virginia Beach city | 409 | 190 | $45m | 46.1% |
| Richmond city | 240 | 143 | $92m | 33.0% |
| Roanoke County | 223 | 130 | $20m | 34.7% |
| Hanover County | 237 | 128 | $25m | 38.8% |
| Albemarle County | 172 | 96 | $25m | 35.4% |
| Chesapeake city | 198 | 91 | $15m | 47.8% |
| Arlington County | 152 | 82 | $47m | 39.9% |
| Frederick County | 177 | 80 | $12m | 47.4% |
| Stafford County | 162 | 80 | $16m | 42.4% |
| Roanoke city | 153 | 79 | $11m | 41.3% |
| Spotsylvania County | 162 | 76 | $15m | 45.3% |
| Fauquier County | 133 | 74 | $15m | 40.9% |
| Norfolk city | 199 | 67 | $12m | 62.2% |
| Bedford County | 133 | 67 | $8.8m | 42.4% |
| James City County | 121 | 66 | $14m | 36.0% |
| Rockingham County | 126 | 63 | $11m | 40.4% |
| Culpeper County | 121 | 60 | $8.7m | 41.1% |
| Suffolk city | 119 | 59 | $11m | 42.5% |
| Franklin County | 113 | 59 | $12m | 42.5% |
| Goochland County | 105 | 59 | $25m | 37.8% |
| Alexandria city | 112 | 58 | $24m | 41.2% |
| Augusta County | 85 | 52 | $8.2m | 30.3% |
| Amherst County | 83 | 47 | $6.1m | 36.4% |
| Shenandoah County | 94 | 46 | $5.7m | 46.5% |
| Louisa County | 84 | 40 | $8.0m | 45.3% |
| Portsmouth city | 87 | 39 | $4.9m | 46.8% |
| Hampton city | 89 | 38 | $4.8m | 54.1% |
| Warren County | 78 | 37 | $5.5m | 42.9% |
| Lynchburg city | 71 | 37 | $4.7m | 39.1% |
| Campbell County | 69 | 37 | $4.9m | 39.7% |
| Prince George County | 72 | 36 | $4.2m | 43.3% |
| Newport News city | 87 | 34 | $5.2m | 55.3% |
| Montgomery County | 62 | 34 | $4.9m | 39.3% |
| Orange County | 63 | 33 | $4.5m | 45.0% |
| Gloucester County | 64 | 32 | $6.2m | 33.3% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Truist Bank originate in Virginia in 2024?
5,521 loans totalling $1.5bn, from 10,860 applications reported for properties in Virginia.
What is Truist Bank's denial rate in Virginia?
41.1% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 46.3% 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 Truist Bank lend in most?
By originations: Fairfax County (729), Chesterfield County (432), Loudoun County (410), Henrico County (258), Prince William County (239).
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.