Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Norfolk city, Virginia
Every institution that decided a 1–4 unit mortgage application in Norfolk city between 2023 and 2025: 17,109 applications, 13,311 loans actually funded, across 8 kinds of borrowing.
Norfolk city at a glance
17,109Applications decided
2023–2025
13,311Loans funded
78% of decisions
80Census tracts
13 ZIP codes
235,037People
ACS 2023
What the data shows
The typical purchase mortgage here is $295K.
Investment home improvement is the hardest money to get here: lenders approved 39% of 254 applications.
Lending by loan type in Norfolk city
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 93.0% | 8,793 | $295K | 98% | 291 |
| Home improvement loans | 58.5% | 1,679 | $55K | 94% | 70 |
| Cash-out refinance | 62.6% | 2,273 | $195K | 94% | 137 |
| Refinance | 81.2% | 2,290 | $315K | 86% | 149 |
| Investment property purchase | 85.4% | 1,167 | $205K | 97% | 178 |
| Investment cash-out refinance | 66.6% | 374 | $175K | 95% | 98 |
| Investment refinance | 68.8% | 279 | $195K | 93% | 77 |
| Investment home improvement | 39.0% | 254 | $55K | 93% | 40 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.