West Virginia mortgage lending data
South region · HMDA 2023 reporting year
In West Virginia, the 2023 mortgage denial rate was 25.1% — well above the national denial rate (+5.5 points vs the 19.6% national rate), ranking it #3 of 51. Lenders originated about 21,394 home-purchase and refinance loans (rank #39). The home-purchase denial rate was 23.0% and refinance 30.9%. By loan type, conventional loans were 72.3%, FHA 17.4%, VA 7.6% and USDA/RHS 2.8%. Informational data, not lending advice.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
West Virginia mortgage lending at a glance
| Indicator | West Virginia |
|---|---|
| Total originations (purchase + refinance, 2023) | 21,394 |
| Denied applications | 7,164 |
| Mortgage denial rate | 25.1% |
| Denial-rate rank (1 = highest of 51) | #3 |
| Home-purchase denial rate | 23.0% |
| Refinance denial rate | 30.9% |
| Volume rank (1 = most loans of 51) | #39 |
Source: HMDA Data Browser (FFIEC / CFPB) (2023 reporting year). Data as of June 2026.
Source: HMDA Data Browser (2023), public domain. Denial rate = denied ÷ (originated + denied). Informational only — verify before relying on it.
What the denial rate means
West Virginia's mortgage denial rate of 25.1% means that for every 100 applications that were either approved-and-originated or denied, about 25 were turned down. That is much higher compared with the national figure of 19.6%. Denial rates are driven by applicant credit scores, debt-to-income ratios, the loan type and local home prices — not only by how strict lenders are. Refinance applications are often denied at a different rate than purchase loans: in West Virginia the purchase denial rate was 23.0% versus 30.9% for refinances.
West Virginia loan-type mix
How West Virginia's 21,394 originations break down by loan program. A higher FHA or VA share usually points to more first-time buyers, lower down payments, or a large veteran population.
| Loan type | Originations | Share |
|---|---|---|
| Conventional | 18,481 | 72.3% |
| FHA | 4,438 | 17.4% |
| VA | 1,936 | 7.6% |
| USDA / RHS | 709 | 2.8% |
Source: HMDA Data Browser (FFIEC / CFPB) (2023). Data as of June 2026.
See FHA vs VA vs conventional for what each program is. Shares are over loans with a reported type and may not sum to exactly 100% due to rounding.
States with a similar denial rate to West Virginia
| State | Denial rate | Originations | FHA share | VA share |
|---|---|---|---|---|
| West Virginia (this state) | 25.1% | 21,394 | 17.4% | 7.6% |
| New Mexico | 24.6% | 26,637 | 19.2% | 11.2% |
| Alabama | 24.4% | 79,109 | 16.6% | 10.7% |
| South Carolina | 23.8% | 98,330 | 15.5% | 11.1% |
| Florida | 23.6% | 384,863 | 16.3% | 8.2% |
| Arkansas | 23.3% | 45,314 | 15.5% | 7.9% |
Frequently asked questions
What was the mortgage denial rate in West Virginia in 2023?
In 2023, the mortgage denial rate in West Virginia was about 25.1% — that is, 7,164 applications were denied out of 28,558 that were either originated or denied. That is +5.5 points versus the national rate of 19.6%, and ranks West Virginia #3 of 51 from highest to lowest. Figures are from HMDA; verify before relying on them.
How many mortgages were originated in West Virginia?
Lenders originated about 21,394 home-purchase and refinance loans in West Virginia in 2023 (HMDA reporting year), ranking it #39 of 51 by volume. Of those, the home-purchase denial rate was 23.0% and the refinance denial rate was 30.9%.
What share of West Virginia mortgages are FHA or VA loans?
In West Virginia, FHA loans made up about 17.4% of originations and VA loans about 7.6%, with conventional loans the largest share at 72.3% and USDA/RHS loans 2.8%. Higher government-backed shares often reflect more first-time and lower-down-payment buyers.
Is it harder to get a mortgage in West Virginia than elsewhere?
West Virginia's denial rate of 25.1% is well above the national denial rate. Denial rates reflect applicant credit, income and debt, loan type and local home prices as much as lender behavior, so a higher rate does not by itself mean stricter lenders. States with the most similar denial rates to West Virginia are New Mexico, Alabama, South Carolina.
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Sources & accuracy
All counts are from the HMDA Data Browser (FFIEC / CFPB, 2023 reporting year, public domain). Denial rate, loan-type shares and ranks are transparent calculations over those counts (see methodology). This page is informational and is not financial or lending advice — verify with a licensed lender before making a decision.
Last updated: 2026-06-20