Finance Atlas

Banking & Mortgage-Lending Access in Virginia

595 FDIC-insured institutions (56 currently active) are recorded in Virginia in FDIC BankFind. HMDA 2024 data report an overall mortgage application denial rate of 22.9% in Virginia.

FDIC data as of 2026 · HMDA data year 2024 · Last export: June 20, 2026

595
FDIC institutions (total)
56
Currently active
22.9%
Overall denial rate (HMDA 2024)
182,923
Loans originated (2024)
This page is a reference catalog of provenanced public data. It informs and compares; it does not recommend lenders and gives no financial advice. HMDA denial-rate figures are reported statistics and do not establish why rates differ across applicant groups. To verify a lender's FDIC status, use FDIC BankFind. To file a complaint, visit the CFPB. To find a HUD-approved housing counselor: HUD.gov.

How many FDIC-insured institutions are in Virginia?

FDIC BankFind records 595 FDIC-insured institutions (all historical) in Virginia, of which 56 are currently active. Counts include banks, savings banks, and other insured depository institutions across all charter classes.

Metric Count
Total FDIC-insured institutions (historical) 595
Currently active 56

Source: FDIC BankFind (src:fdic:bankfind:2026). Verify: https://banks.data.fdic.gov/

What types of banks are chartered in Virginia?

FDIC uses charter class codes to categorize insured depository institutions. The breakdown for Virginia:

Charter class Description Count
SM State member bank (Fed member) 230
N National bank (OCC-chartered) 151
NM State non-member bank (Fed non-member) 97
SB Savings bank (state-chartered) 64
SL Savings institution (state-chartered S&L) 51
NS Non-member savings bank (state-chartered) 1
SI Savings institution (OTS-supervised) 1

Source: FDIC BankFind (src:fdic:bankfind:2026). Charter class labels per FDIC BankFind official definitions.

What was the mortgage application denial rate in Virginia? (HMDA 2024)

HMDA 2024 data report an overall mortgage application denial rate of 22.9% in Virginia. The table below shows reported denial rates by applicant race where available in the HMDA dataset.

Methodology note: HMDA captures race where the applicant chose to report it. Denial rates reflect all recorded denial reasons (credit history, DTI, collateral, etc.) and do not establish why rates differ across groups. These figures are descriptive FFIEC statistics, not findings of lending discrimination.
Applicant group (reported) Denial rate
Overall 22.9%
White applicants 20.1%
Black applicants 31.6%
Black/White denial rate ratio 1.58x

Source: FFIEC HMDA (src:ffiec:hmda:2024). Verify: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=VA

Mortgage origination volume in Virginia (2024)

HMDA 2024 data record 182,923 originated mortgage loans in Virginia , totaling $64.5B , with an average loan size of $352,446.

Metric Value
Originated loans (2024) 182,923
Total origination volume $64.5B
Average loan size $352,446

Source: FFIEC HMDA (src:ffiec:hmda:2024).

Sources & provenance

FDIC data — source id src:fdic:bankfind:2026, as of 2026. Verify via FDIC BankFind: https://banks.data.fdic.gov/

HMDA data — source id src:ffiec:hmda:2024, data year 2024. Verify via FFIEC Data Browser: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=VA

Data exported June 20, 2026 · content hash 5293019649029051 · machine-readable brief: /finance/states/va/context.md

Where to act