Lenders › Virginia Federal Credit Union › Virginia
Virginia 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.
Virginia Federal Credit Union's 2024 HMDA record for Virginia covers 4,376 applications, 2,825 of them originated, worth $550m.
Its denial rate in the state was 24.2%, above the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 24.2%.
The median rate spread on its Virginia originations was 1.2 percentage points (state median 0.3).
Applications in the state were down 19% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | Virginia Federal Credit Union, all states | United States |
|---|---|---|---|---|
| Denial rate | 24.2% | 22.1% | 24.2% | 24.3% |
| Median rate spread, pp | 1.2 | 0.3 | 1.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 37.9% | 16.5% | 37.9% | 15.6% |
| Average originated loan | $195k | $352k | $195k | $329k |
| Home purchase share | 27.5% | 55.8% | 27.5% | 57.0% |
| FHA-insured share | 6.6% | 11.7% | 6.6% | 13.4% |
| VA-guaranteed share | 1.2% | 16.4% | 1.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 27% (776)Home improvement 37% (1,051)Refinancing 5% (131)Cash-out refinancing 16% (441)Other purpose 15% (424)
By type
Conventional 92% (2,599)FHA 7% (186)VA 1% (33)USDA 0% (7)
Denial reasons as coded
Share of 912 denials in Virginia by first denial reason coded (outlined bar: all lenders in the state).
Counties in Virginia
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Chesterfield County | 1,105 | 696 | $102m | 25.4% |
| Henrico County | 763 | 495 | $99m | 25.3% |
| Richmond city | 428 | 291 | $94m | 21.4% |
| Hanover County | 335 | 244 | $31m | 16.3% |
| Spotsylvania County | 129 | 81 | $9.6m | 27.0% |
| Powhatan County | 101 | 66 | $12m | 25.6% |
| Goochland County | 72 | 52 | $11m | 18.5% |
| Petersburg city | 61 | 38 | $4.1m | 29.1% |
| Dinwiddie County | 63 | 37 | $4.4m | 33.9% |
| Louisa County | 55 | 30 | $5.0m | 29.5% |
| New Kent County | 47 | 30 | $5.1m | 26.8% |
| Albemarle County | 53 | 29 | $16m | 34.8% |
| Prince George County | 49 | 28 | $4.1m | 36.4% |
| Stafford County | 45 | 28 | $4.0m | 24.3% |
| King William County | 40 | 28 | $4.1m | 22.2% |
| Fairfax County | 35 | 24 | $3.3m | 19.4% |
| Colonial Heights city | 34 | 24 | $2.7m | 20.0% |
| Prince Edward County | 34 | 24 | $3.5m | 17.2% |
| Caroline County | 42 | 22 | $2.7m | 31.3% |
| Charlottesville city | 26 | 21 | $43m | 16.0% |
| Amelia County | 36 | 18 | $2.1m | 35.7% |
| Cumberland County | 29 | 18 | $2.9m | 30.8% |
| Mecklenburg County | 27 | 18 | $3.5m | — |
| Hopewell city | 27 | 17 | $2.1m | — |
| Prince William County | 30 | 16 | $3.0m | 38.5% |
| Loudoun County | 25 | 12 | $2.7m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Virginia Federal Credit Union originate in Virginia in 2024?
2,825 loans totalling $550m, from 4,376 applications reported for properties in Virginia.
What is Virginia Federal Credit Union's denial rate in Virginia?
24.2% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 24.2% 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 Virginia Federal Credit Union lend in most?
By originations: Chesterfield County (696), Henrico County (495), Richmond city (291), Hanover County (244), Spotsylvania County (81).
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.