Lenders › Flagstar Bank NA › Virginia
Flagstar Bank NA 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, Flagstar Bank NA reported 670 applications and 332 originations for 2024, $95m in all.
Its denial rate in the state was 34.2%, above the Virginia rate of 22.1% across all lenders and compared with the lender's national rate of 29.4%.
The median rate spread on its Virginia originations was 0.3 percentage points (state median 0.3).
Applications in the state were down 5% on 2023.
Compared with the state and the lender's national record
| Measure | In Virginia | Virginia, all lenders | Flagstar Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 34.2% | 22.1% | 29.4% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 17.7% | 16.5% | 12.8% | 15.6% |
| Average originated loan | $285k | $352k | $303k | $329k |
| Home purchase share | 54.2% | 55.8% | 68.2% | 57.0% |
| FHA-insured share | 28.3% | 11.7% | 22.2% | 13.4% |
| VA-guaranteed share | 13.0% | 16.4% | 7.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateVirginia, all lenders
Loan purpose and loan type in Virginia
By purpose
Home purchase 54% (180)Refinancing 7% (23)Cash-out refinancing 37% (123)Other purpose 2% (6)
By type
Conventional 57% (188)FHA 28% (94)VA 13% (43)USDA 2% (7)
Denial reasons as coded
Share of 176 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 | 50 | 26 | $7.3m | 36.6% |
| Fairfax County | 59 | 24 | $12m | 42.9% |
| Loudoun County | 42 | 17 | $7.6m | 41.4% |
| Henrico County | 33 | 15 | $3.9m | — |
| Prince William County | 29 | 13 | $1.9m | — |
| Chesterfield County | 26 | 8 | $1.8m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Flagstar Bank NA originate in Virginia in 2024?
332 loans totalling $95m, from 670 applications reported for properties in Virginia.
What is Flagstar Bank NA's denial rate in Virginia?
34.2% of decided applications in Virginia were denied, against 22.1% for all lenders in the state and 29.4% 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 Flagstar Bank NA lend in most?
By originations: Virginia Beach city (26), Fairfax County (24), Loudoun County (17), Henrico County (15), Prince William County (13).
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 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.