Lenders › Wells Fargo Bank NA › Virginia
Wells Fargo Bank NA 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, Wells Fargo Bank NA reported 2,397 applications and 1,190 originations for 2024, $1.0bn in all.
Its denial rate in the state was 29.3%, above the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 31.7%.
The median rate spread on its Virginia originations was 0.0 percentage points (state median 0.3).
Applications in the state were down 31% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | Wells Fargo Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 29.3% | 22.1% | 31.7% | 24.3% |
| Median rate spread, pp | 0.0 | 0.3 | -0.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 2.4% | 16.5% | 2.2% | 15.6% |
| Average originated loan | $870k | $352k | $1.0m | $329k |
| Home purchase share | 63.6% | 55.8% | 66.4% | 57.0% |
| FHA-insured share | 2.5% | 11.7% | 2.3% | 13.4% |
| VA-guaranteed share | 4.2% | 16.4% | 2.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 64% (757)Home improvement 2% (18)Refinancing 11% (130)Cash-out refinancing 20% (237)Other purpose 4% (48)
By type
Conventional 93% (1,110)FHA 3% (30)VA 4% (50)
Denial reasons as coded
Share of 495 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 | 296 | 147 | $214m | 21.8% |
| Chesterfield County | 162 | 92 | $29m | 23.3% |
| Virginia Beach city | 136 | 70 | $27m | 27.6% |
| Prince William County | 112 | 59 | $30m | 29.8% |
| Henrico County | 127 | 55 | $21m | 34.5% |
| Loudoun County | 89 | 49 | $27m | 21.0% |
| Arlington County | 65 | 43 | $42m | 12.2% |
| Chesapeake city | 84 | 38 | $9.8m | 35.6% |
| Spotsylvania County | 53 | 34 | $16m | 15.0% |
| Richmond city | 66 | 27 | $13m | 37.8% |
| Alexandria city | 45 | 25 | $391m | 24.2% |
| Norfolk city | 57 | 24 | $13m | 35.1% |
| Hanover County | 45 | 23 | $6.0m | 28.1% |
| Roanoke County | 38 | 21 | $4.5m | 27.6% |
| Roanoke city | 35 | 19 | $4.1m | 34.5% |
| Stafford County | 33 | 19 | $7.7m | — |
| Albemarle County | 31 | 16 | $8.7m | — |
| James City County | 26 | 16 | $5.5m | — |
| Portsmouth city | 49 | 15 | $2.3m | 57.9% |
| Newport News city | 35 | 13 | $30m | — |
| Hampton city | 34 | 13 | $2.5m | — |
| Bedford County | 25 | 13 | $3.3m | — |
| Lynchburg city | 29 | 11 | $1.9m | — |
| Suffolk city | 28 | 11 | $3.2m | — |
| Frederick County | 28 | 10 | $3.2m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Wells Fargo Bank NA originate in Virginia in 2024?
1,190 loans totalling $1.0bn, from 2,397 applications reported for properties in Virginia.
What is Wells Fargo Bank NA's denial rate in Virginia?
29.3% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 31.7% 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 Wells Fargo Bank NA lend in most?
By originations: Fairfax County (147), Chesterfield County (92), Virginia Beach city (70), Prince William County (59), Henrico County (55).
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.