Lenders › New American Funding, LLC. › Virginia
New American Funding, LLC. 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.
In Virginia, New American Funding, LLC. reported 2,652 applications and 776 originations for 2024, $247m in all.
Its denial rate in the state was 28.3%, above the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 20.9%.
The median rate spread on its Virginia originations was 0.7 percentage points (state median 0.3).
Applications in the state were up 71% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | New American Funding, LLC., all states | United States |
|---|---|---|---|---|
| Denial rate | 28.3% | 22.1% | 20.9% | 24.3% |
| Median rate spread, pp | 0.7 | 0.3 | 0.7 | 0.3 |
| Originations with spread of 1.5 pp or more | 21.8% | 16.5% | 20.0% | 15.6% |
| Average originated loan | $319k | $352k | $282k | $329k |
| Home purchase share | 52.4% | 55.8% | 70.9% | 57.0% |
| FHA-insured share | 30.0% | 11.7% | 30.6% | 13.4% |
| VA-guaranteed share | 18.0% | 16.4% | 8.3% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 52% (407)Home improvement 8% (59)Refinancing 11% (82)Cash-out refinancing 23% (181)Other purpose 6% (47)
By type
Conventional 52% (402)FHA 30% (233)VA 18% (140)USDA 0% (1)
Denial reasons as coded
Share of 317 denials in Virginia by first denial reason coded (outlined bar: all lenders in the state).
Counties in Virginia
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Fairfax County | 205 | 86 | $48m | 19.3% |
| Virginia Beach city | 152 | 51 | $16m | 19.4% |
| Prince William County | 147 | 41 | $16m | 33.9% |
| Chesterfield County | 143 | 36 | $8.6m | 26.9% |
| Suffolk city | 78 | 28 | $9.7m | 31.0% |
| Norfolk city | 76 | 28 | $5.7m | 17.6% |
| Loudoun County | 100 | 27 | $14m | 16.7% |
| Stafford County | 71 | 24 | $9.8m | 19.4% |
| Henrico County | 105 | 22 | $4.5m | 35.0% |
| Chesapeake city | 81 | 22 | $7.7m | 32.4% |
| Hampton city | 81 | 22 | $6.0m | 21.4% |
| Spotsylvania County | 68 | 19 | $7.0m | 28.6% |
| Newport News city | 72 | 17 | $4.6m | 45.2% |
| Roanoke city | 37 | 15 | $3.7m | — |
| Roanoke County | 34 | 15 | $3.8m | — |
| Portsmouth city | 45 | 14 | $3.4m | — |
| Louisa County | 26 | 11 | $2.5m | — |
| Hanover County | 39 | 10 | $3.2m | — |
| Alexandria city | 29 | 8 | $2.1m | — |
| Petersburg city | 28 | 8 | $1.6m | — |
| Richmond city | 50 | 7 | $1.7m | — |
| Bedford County | 34 | 7 | $1.1m | — |
| Frederick County | 26 | 7 | $2.2m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did New American Funding, LLC. originate in Virginia in 2024?
776 loans totalling $247m, from 2,652 applications reported for properties in Virginia.
What is New American Funding, LLC.'s denial rate in Virginia?
28.3% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 20.9% 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 New American Funding, LLC. lend in most?
By originations: Fairfax County (86), Virginia Beach city (51), Prince William County (41), Chesterfield County (36), Suffolk city (28).
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.