Lenders › Navy Federal Credit Union › Virginia
Navy Federal Credit Union 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.
Navy Federal Credit Union's 2024 HMDA record for Virginia covers 19,363 applications, 9,959 of them originated, worth $2.1bn.
Its denial rate in the state was 27.5%, above the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 34.3%.
The median rate spread on its Virginia originations was 1.2 percentage points (state median 0.3).
Applications in the state were up 8% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | Navy Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 27.5% | 22.1% | 34.3% | 24.3% |
| Median rate spread, pp | 1.2 | 0.3 | 0.9 | 0.3 |
| Originations with spread of 1.5 pp or more | 43.9% | 16.5% | 39.5% | 15.6% |
| Average originated loan | $209k | $352k | $216k | $329k |
| Home purchase share | 28.6% | 55.8% | 37.2% | 57.0% |
| FHA-insured share | 0.0% | 11.7% | 0.0% | 13.4% |
| VA-guaranteed share | 14.6% | 16.4% | 20.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 29% (2,853)Home improvement 31% (3,069)Refinancing 3% (288)Cash-out refinancing 10% (1,007)Other purpose 28% (2,742)
By type
Conventional 85% (8,508)VA 15% (1,451)
Denial reasons as coded
Share of 3,842 denials in Virginia by first denial reason coded (outlined bar: all lenders in the state).
Counties in Virginia
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 2,437 | 1,255 | $192m | 28.6% |
| Fairfax County | 2,344 | 1,233 | $351m | 24.7% |
| Prince William County | 1,689 | 896 | $184m | 26.8% |
| Chesapeake city | 1,479 | 763 | $128m | 28.8% |
| Loudoun County | 1,154 | 647 | $187m | 21.6% |
| Stafford County | 939 | 478 | $94m | 27.6% |
| Norfolk city | 876 | 417 | $68m | 30.8% |
| Spotsylvania County | 700 | 388 | $73m | 24.0% |
| Chesterfield County | 651 | 319 | $67m | 31.4% |
| Suffolk city | 532 | 282 | $51m | 28.8% |
| Portsmouth city | 441 | 201 | $30m | 36.6% |
| Newport News city | 420 | 199 | $32m | 34.8% |
| Hampton city | 407 | 186 | $32m | 35.1% |
| Frederick County | 348 | 186 | $33m | 23.8% |
| Henrico County | 393 | 174 | $34m | 35.5% |
| James City County | 238 | 139 | $32m | 22.7% |
| Fauquier County | 242 | 129 | $29m | 25.1% |
| Alexandria city | 250 | 121 | $44m | 29.3% |
| Arlington County | 237 | 121 | $47m | 21.0% |
| Richmond city | 204 | 97 | $21m | 26.9% |
| York County | 177 | 86 | $21m | 20.5% |
| Hanover County | 133 | 81 | $14m | 19.6% |
| Warren County | 135 | 74 | $11m | 21.6% |
| King George County | 120 | 67 | $13m | 21.8% |
| Isle of Wight County | 131 | 63 | $14m | 28.1% |
| Orange County | 111 | 61 | $11m | 25.0% |
| Shenandoah County | 97 | 57 | $8.6m | 24.7% |
| Caroline County | 113 | 53 | $8.2m | 37.6% |
| Culpeper County | 104 | 53 | $10m | 25.0% |
| Louisa County | 91 | 49 | $12m | 25.4% |
| Albemarle County | 85 | 43 | $13m | 23.2% |
| New Kent County | 68 | 42 | $9.5m | 25.0% |
| Manassas city | 81 | 41 | $7.2m | 28.3% |
| Fredericksburg city | 73 | 38 | $4.6m | 30.9% |
| Gloucester County | 70 | 35 | $8.3m | 27.1% |
| Winchester city | 53 | 34 | $8.0m | 20.9% |
| Westmoreland County | 65 | 33 | $6.4m | 31.3% |
| Prince George County | 63 | 33 | $6.3m | 22.2% |
| Fairfax city | 53 | 32 | $9.8m | 20.0% |
| Roanoke County | 58 | 31 | $6.3m | 24.4% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Navy Federal Credit Union originate in Virginia in 2024?
9,959 loans totalling $2.1bn, from 19,363 applications reported for properties in Virginia.
What is Navy Federal Credit Union's denial rate in Virginia?
27.5% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 34.3% 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 Navy Federal Credit Union lend in most?
By originations: Virginia Beach city (1,255), Fairfax County (1,233), Prince William County (896), Chesapeake city (763), Loudoun County (647).
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.