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Rocket Mortgage 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, Rocket Mortgage reported 15,187 applications and 11,751 originations for 2024, $3.3bn in all.
Its denial rate in the state was 15.0%, below the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 18.2%.
The median rate spread on its Virginia originations was 0.4 percentage points (state median 0.3).
Applications in the state were up 32% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | Rocket Mortgage, all states | United States |
|---|---|---|---|---|
| Denial rate | 15.0% | 22.1% | 18.2% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 21.3% | 16.5% | 17.8% | 15.6% |
| Average originated loan | $282k | $352k | $270k | $329k |
| Home purchase share | 35.6% | 55.8% | 38.0% | 57.0% |
| FHA-insured share | 16.4% | 11.7% | 18.5% | 13.4% |
| VA-guaranteed share | 12.4% | 16.4% | 7.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 36% (4,186)Home improvement 1% (74)Refinancing 10% (1,228)Cash-out refinancing 50% (5,920)Other purpose 3% (343)
By type
Conventional 71% (8,364)FHA 16% (1,933)VA 12% (1,454)
Denial reasons as coded
Share of 2,115 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 | 1,239 | 976 | $444m | 13.6% |
| Chesterfield County | 898 | 727 | $187m | 11.0% |
| Prince William County | 891 | 687 | $242m | 13.9% |
| Loudoun County | 768 | 628 | $287m | 9.2% |
| Virginia Beach city | 752 | 581 | $153m | 16.0% |
| Henrico County | 685 | 541 | $142m | 13.3% |
| Chesapeake city | 509 | 398 | $104m | 13.7% |
| Stafford County | 407 | 326 | $105m | 12.7% |
| Spotsylvania County | 379 | 302 | $84m | 11.6% |
| Richmond city | 302 | 234 | $60m | 15.4% |
| Norfolk city | 310 | 224 | $55m | 20.7% |
| Frederick County | 257 | 204 | $52m | 12.6% |
| Hanover County | 232 | 192 | $54m | 9.2% |
| Hampton city | 240 | 175 | $36m | 17.1% |
| Bedford County | 218 | 174 | $46m | 12.0% |
| Roanoke city | 224 | 166 | $30m | 17.2% |
| Roanoke County | 209 | 166 | $37m | 13.6% |
| Suffolk city | 206 | 159 | $42m | 17.3% |
| Newport News city | 214 | 157 | $34m | 21.0% |
| Lynchburg city | 193 | 151 | $34m | 14.6% |
| Portsmouth city | 184 | 125 | $26m | 21.1% |
| Campbell County | 155 | 125 | $31m | 13.1% |
| Fauquier County | 156 | 122 | $41m | 17.3% |
| Albemarle County | 149 | 121 | $37m | 10.1% |
| Alexandria city | 145 | 116 | $45m | 11.1% |
| Pittsylvania County | 134 | 105 | $19m | 17.7% |
| Shenandoah County | 133 | 102 | $21m | 13.9% |
| Arlington County | 117 | 101 | $48m | 8.8% |
| Franklin County | 135 | 100 | $30m | 19.0% |
| Louisa County | 133 | 98 | $23m | 19.8% |
| Warren County | 121 | 98 | $23m | 6.5% |
| Augusta County | 126 | 93 | $22m | 14.8% |
| Culpeper County | 106 | 91 | $27m | 10.7% |
| James City County | 119 | 90 | $25m | 12.6% |
| York County | 118 | 88 | $23m | 18.0% |
| Orange County | 108 | 88 | $20m | 10.8% |
| Rockingham County | 110 | 87 | $19m | 12.9% |
| Henry County | 112 | 84 | $12m | 19.0% |
| Mecklenburg County | 93 | 79 | $17m | 11.2% |
| Caroline County | 97 | 78 | $19m | 16.1% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Rocket Mortgage originate in Virginia in 2024?
11,751 loans totalling $3.3bn, from 15,187 applications reported for properties in Virginia.
What is Rocket Mortgage's denial rate in Virginia?
15.0% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 18.2% 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 Rocket Mortgage lend in most?
By originations: Fairfax County (976), Chesterfield County (727), Prince William County (687), Loudoun County (628), Virginia Beach city (581).
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.