Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Richmond city, Virginia
Every institution that decided a 1–4 unit mortgage application in Richmond city between 2023 and 2025: 13,672 applications, 10,842 loans actually funded, across 8 kinds of borrowing.
Richmond city at a glance
13,672Applications decided
2023–2025
10,842Loans funded
79% of decisions
75Census tracts
13 ZIP codes
227,595People
ACS 2023
What the data shows
The typical purchase mortgage here is $325K.
Investment home improvement is the hardest money to get here: lenders approved 51% of 193 applications.
Lending by loan type in Richmond city
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 92.7% | 6,622 | $325K | 98% | 334 |
| Home improvement loans | 62.4% | 1,673 | $95K | 92% | 91 |
| Cash-out refinance | 66.5% | 1,811 | $135K | 94% | 172 |
| Refinance | 76.7% | 1,175 | $295K | 94% | 153 |
| Investment property purchase | 88.5% | 1,215 | $225K | 97% | 202 |
| Investment cash-out refinance | 75.0% | 544 | $175K | 93% | 117 |
| Investment refinance | 82.7% | 439 | $235K | 95% | 95 |
| Investment home improvement | 50.8% | 193 | $165K | 91% | 49 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.