States › Virginia
Virginia mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Virginia, with all 133 counties.
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. Record year 2024.
Virginia had 309,211 HMDA-reported mortgage applications and 183,107 originations ($65bn) in 2024, from 456 lenders with at least 25 applications in the state.
The statewide denial rate was 22.1% (national 24.3%) and the median rate spread 0.3 percentage points (national 0.3). Originations ran at 54.4 per 1,000 households, against 48.0 nationally.
Originations in the state went from 211,536 in 2018 to 183,107 in 2024; the denial rate moved from 23.2% to 22.1%.
The most active lenders by originations were Rocket Mortgage (11,751), Navy Federal Credit Union (9,959) and United Wholesale Mortgage (7,798).
Most active lenders in Virginia
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 15,187 | 11,751 | $3.3bn | 15.0% | 0.4 |
| 2 | Navy Federal Credit Union | 19,363 | 9,959 | $2.1bn | 27.5% | 1.2 |
| 3 | United Wholesale Mortgage | 10,563 | 7,798 | $3.0bn | 12.4% | -0.0 |
| 4 | Truist Bank | 10,860 | 5,521 | $1.5bn | 41.1% | 0.3 |
| 5 | Atlantic Bay Mortgage Group | 5,162 | 4,190 | $1.3bn | 1.3% | 0.3 |
| 6 | Movement Mortgage, LLC | 5,581 | 4,177 | $1.4bn | 4.7% | 0.3 |
| 7 | Mortgage Research Center | 7,241 | 3,825 | $1.4bn | 21.1% | -0.1 |
| 8 | Freedom Mortgage Corporation | 6,184 | 3,250 | $1.3bn | 11.5% | -0.1 |
| 9 | Atlantic Coast Mortgage, LLC | 3,854 | 3,125 | $1.3bn | 2.5% | 0.2 |
| 10 | Pennymac Loan Services LLC | 5,990 | 2,959 | $983m | 18.6% | 0.2 |
| 11 | Atlantic Union Bank | 4,377 | 2,836 | $605m | 28.3% | 0.6 |
| 12 | Virginia Federal Credit Union | 4,376 | 2,825 | $550m | 24.2% | 1.2 |
| 13 | First Heritage Mortgage, LLC | 3,108 | 2,635 | $1.3bn | 1.1% | 0.1 |
| 14 | Bank of America NA | 6,559 | 2,633 | $655m | 44.4% | 1.3 |
| 15 | Nvr Mortgage Finance, Inc. | 3,652 | 2,547 | $1.0bn | 20.4% | -0.1 |
| 16 | ALCOVA Mortgage, LLC | 2,896 | 2,396 | $693m | 3.2% | 0.5 |
| 17 | American Neighborhood Mortgage Acceptance Company | 2,979 | 2,124 | $651m | 3.2% | 0.3 |
| 18 | Langley Federal Credit Union | 2,845 | 2,107 | $204m | 22.3% | 1.3 |
| 19 | Prosperity Home Mortgage, LLC | 2,529 | 1,980 | $808m | 5.9% | 0.2 |
| 20 | CMG Mortgage Inc | 2,697 | 1,948 | $891m | 3.6% | 0.1 |
| 21 | Loandepot.com, LLC | 3,581 | 1,936 | $603m | 30.6% | 0.4 |
| 22 | Newrez LLC | 4,882 | 1,885 | $619m | 29.4% | 0.3 |
| 23 | Fairway Independent Mort Corp | 2,161 | 1,699 | $714m | 3.0% | 0.3 |
| 24 | BayPort Credit Union | 2,690 | 1,686 | $288m | 16.1% | 0.6 |
| 25 | United Bank | 2,277 | 1,666 | $758m | 14.4% | 0.1 |
| 26 | TowneBank | 2,063 | 1,652 | $568m | 6.7% | 0.4 |
| 27 | Southern Trust Mortgage, LLC | 2,056 | 1,488 | $459m | 5.1% | 0.4 |
| 28 | Intercoastal Mortgage, LLC | 1,737 | 1,487 | $860m | 1.0% | 0.0 |
| 29 | NFM, Inc | 1,746 | 1,466 | $625m | 1.1% | 0.5 |
| 30 | Nationstar Mortgage | 2,099 | 1,446 | $299m | 15.7% | 1.6 |
| 31 | Crosscountry Mortgage, LLC | 2,249 | 1,404 | $659m | 3.0% | 0.2 |
| 32 | PNC Bank N.A. | 2,787 | 1,354 | $774m | 37.4% | 0.9 |
| 33 | C&F Mortgage Corp | 1,672 | 1,323 | $420m | 3.3% | 0.4 |
| 34 | JPMorgan Chase Bank, NA | 1,776 | 1,265 | $841m | 8.1% | 0.0 |
| 35 | Discover Bank | 6,424 | 1,254 | $116m | 71.2% | 2.4 |
| 36 | Guaranteed Rate, Inc. | 1,972 | 1,217 | $624m | 8.7% | -0.0 |
| 37 | Pentagon Federal Credit Unioin | 2,711 | 1,194 | $288m | 41.9% | 0.8 |
| 38 | Wells Fargo Bank NA | 2,397 | 1,190 | $1.0bn | 29.3% | 0.0 |
| 39 | Apple Federal Credit Union | 2,162 | 1,130 | $201m | 34.3% | 0.9 |
| 40 | Figure Lending LLC | 2,437 | 1,112 | $83m | 27.8% | 4.1 |
| 41 | Ameris Bank | 1,313 | 1,032 | $348m | 3.3% | -0.0 |
| 42 | Capital Center LLC | 1,636 | 1,021 | $363m | 16.9% | 0.1 |
| 43 | Spring Eq, LLC | 3,073 | 968 | $90m | 61.9% | 4.0 |
| 44 | First Savings Mortgage Corporation | 1,132 | 931 | $547m | 1.8% | 0.1 |
| 45 | Us Bank, N.A. | 1,714 | 900 | $394m | 36.6% | 0.3 |
| 46 | CBNA Year to Date | 1,559 | 893 | $280m | 31.9% | 0.9 |
| 47 | Guild Mortgage Company | 1,204 | 859 | $333m | 4.6% | 0.3 |
| 48 | Integrity Home Mortgage Corporation | 1,068 | 831 | $266m | 3.4% | 0.5 |
| 49 | Member One Federal Credit Union | 1,506 | 806 | $73m | 42.8% | 0.0 |
| 50 | Uva Community Credit Union | 1,419 | 798 | $156m | 27.5% | — |
| 51 | Presidential Bank, FSB | 912 | 792 | $265m | 2.0% | 0.4 |
| 52 | M&T Bank | 1,433 | 782 | $389m | 38.1% | -0.0 |
| 53 | Dupont Community Credit Union | 993 | 777 | $100m | 13.3% | 0.1 |
| 54 | New American Funding, LLC. | 2,652 | 776 | $247m | 28.3% | 0.7 |
| 55 | Union Home Mortgage Corp. | 1,035 | 776 | $266m | 8.8% | 0.5 |
| 56 | Tidewater Mortgage Services, Inc | 1,001 | 770 | $247m | 4.7% | 0.2 |
| 57 | First Ciitizens Bank and Trust | 1,116 | 762 | $180m | 23.3% | -1.7 |
| 58 | Village Capital & Investment | 1,955 | 757 | $303m | 14.1% | -0.7 |
| 59 | Fulton Bank, National Association | 1,139 | 748 | $383m | 16.6% | 0.2 |
| 60 | First National Bank of Pa | 1,060 | 737 | $360m | 20.9% | -0.0 |
Top 60 of 456 lenders with at least 25 applications in the state, by originations. 279 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Virginia | United States |
|---|---|---|
| Denial rate | 22.1% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.5% | 15.6% |
| Average originated loan | $352k | $329k |
| Originations per 1,000 households | 54.4 | 48.0 |
| Home purchase share of originations | 55.8% | 57.0% |
| FHA-insured share | 11.7% | 13.4% |
| VA-guaranteed share | 16.4% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
VirginiaUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 351,200 | 211,536 | $59bn | 23.2% | 12.1% | 14.8% | 27.2% |
| 2019 | 428,979 | 268,299 | $84bn | 19.2% | 11.6% | 18.2% | 39.4% |
| 2020 | 719,179 | 472,018 | $157bn | 14.1% | 7.9% | 20.2% | 63.7% |
| 2021 | 720,973 | 473,505 | $159bn | 14.2% | 8.7% | 17.8% | 59.1% |
| 2022 | 396,666 | 238,380 | $81bn | 20.9% | 10.0% | 14.8% | 28.8% |
| 2023 | 275,909 | 160,655 | $53bn | 24.2% | 11.9% | 14.4% | 17.7% |
| 2024 | 309,211 | 183,107 | $65bn | 22.1% | 11.7% | 16.4% | 23.7% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 56% (102,212)Home improvement 10% (18,611)Refinancing 11% (20,878)Cash-out refinancing 12% (22,530)Other purpose 10% (18,863)
By type
Conventional 71% (130,729)FHA 12% (21,388)VA 16% (29,988)USDA 1% (1,002)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Fairfax County | 30,767 | 18,472 | 44.6 | 20.8% | 0.2 | 146 |
| Virginia Beach city | 17,405 | 10,421 | 57.9 | 20.9% | 0.3 | 89 |
| Prince William County | 17,976 | 10,048 | 64.1 | 24.7% | 0.3 | 108 |
| Chesterfield County | 16,399 | 10,011 | 71.4 | 20.8% | 0.4 | 96 |
| Loudoun County | 16,614 | 9,948 | 69.6 | 20.5% | 0.2 | 98 |
| Henrico County | 11,883 | 7,292 | 53.1 | 21.2% | 0.4 | 78 |
| Chesapeake city | 11,473 | 6,788 | 72.5 | 20.9% | 0.2 | 71 |
| Norfolk city | 8,465 | 4,925 | 51.9 | 21.1% | 0.2 | 63 |
| Stafford County | 7,609 | 4,327 | 82.7 | 23.7% | 0.3 | 59 |
| Spotsylvania County | 7,280 | 4,189 | 79.8 | 23.1% | 0.3 | 56 |
| Richmond city | 6,364 | 4,048 | 38.8 | 19.1% | 0.3 | 60 |
| Newport News city | 6,590 | 3,834 | 50.4 | 21.8% | 0.3 | 52 |
| Hampton city | 6,034 | 3,493 | 60.2 | 21.5% | 0.3 | 45 |
| Suffolk city | 5,644 | 3,362 | 88.7 | 20.2% | 0.2 | 45 |
| Portsmouth city | 5,049 | 2,852 | 70.8 | 23.2% | 0.3 | 43 |
| Hanover County | 4,480 | 2,848 | 66.7 | 19.7% | 0.4 | 44 |
| Frederick County | 4,411 | 2,794 | 79.0 | 20.3% | 0.4 | 44 |
| Arlington County | 4,137 | 2,714 | 24.2 | 15.5% | 0.1 | 46 |
| Alexandria city | 3,734 | 2,423 | 31.8 | 15.6% | 0.1 | 45 |
| Roanoke County | 3,662 | 2,380 | 59.9 | 20.0% | 0.4 | 37 |
| James City County | 3,393 | 2,156 | 67.4 | 16.7% | 0.2 | 35 |
| Albemarle County | 3,519 | 2,150 | 46.8 | 20.4% | 0.2 | 33 |
| Roanoke city | 3,371 | 2,088 | 47.9 | 22.6% | 0.5 | 35 |
| Bedford County | 3,251 | 1,900 | 57.4 | 24.0% | 0.4 | 31 |
| Fauquier County | 2,951 | 1,803 | 67.5 | 21.1% | 0.3 | 31 |
| Rockingham County | 2,562 | 1,660 | 50.8 | 18.2% | 0.3 | 23 |
| York County | 2,548 | 1,654 | 61.3 | 16.8% | 0.2 | 22 |
| Augusta County | 2,737 | 1,633 | 52.5 | 23.6% | 0.4 | 28 |
| Lynchburg city | 2,466 | 1,557 | 54.2 | 20.6% | 0.4 | 31 |
| Montgomery County | 2,186 | 1,355 | 36.7 | 21.0% | 0.4 | 24 |
| Louisa County | 2,319 | 1,320 | 84.8 | 25.2% | 0.4 | 26 |
| Culpeper County | 2,218 | 1,315 | 69.5 | 22.9% | 0.4 | 23 |
| Franklin County | 2,153 | 1,278 | 55.6 | 24.4% | 0.4 | 22 |
| Orange County | 2,055 | 1,252 | 84.3 | 21.6% | 0.4 | 21 |
| Isle of Wight County | 2,065 | 1,203 | 76.4 | 22.6% | 0.3 | 18 |
| Warren County | 1,973 | 1,167 | 76.1 | 22.2% | 0.4 | 23 |
| Shenandoah County | 1,889 | 1,148 | 63.9 | 22.2% | 0.5 | 19 |
| Caroline County | 2,034 | 1,110 | 92.6 | 27.3% | 0.4 | 18 |
| Campbell County | 1,921 | 1,097 | 49.3 | 24.3% | 0.5 | 21 |
| Gloucester County | 1,802 | 1,069 | 70.0 | 21.8% | 0.4 | 17 |
| New Kent County | 1,622 | 1,000 | 108.0 | 18.8% | 0.2 | 18 |
| Washington County | 1,606 | 921 | 41.7 | 26.5% | 0.6 | 11 |
| Pittsylvania County | 1,497 | 835 | 33.4 | 26.1% | 0.5 | 15 |
| Powhatan County | 1,271 | 833 | 73.6 | 20.5% | 0.5 | 14 |
| King George County | 1,381 | 802 | 79.1 | 21.2% | 0.2 | 17 |
| Manassas city | 1,284 | 775 | 54.6 | 22.5% | 0.3 | 12 |
| Fluvanna County | 1,339 | 764 | 74.0 | 24.5% | 0.4 | 11 |
| Botetourt County | 1,252 | 758 | 57.3 | 21.6% | 0.4 | 13 |
| Petersburg city | 1,472 | 755 | 49.9 | 28.8% | 0.6 | 13 |
| Henry County | 1,409 | 754 | 35.8 | 29.8% | 0.5 | 15 |
| Goochland County | 1,214 | 739 | 71.5 | 20.7% | 0.3 | 14 |
| Prince George County | 1,367 | 726 | 56.2 | 29.6% | 0.3 | 12 |
| Pulaski County | 1,153 | 680 | 47.0 | 25.3% | 0.6 | 11 |
| Staunton city | 1,042 | 672 | 59.4 | 17.5% | 0.4 | 11 |
| Westmoreland County | 1,154 | 651 | 79.9 | 24.0% | 0.4 | 9 |
| Waynesboro city | 999 | 628 | 63.8 | 18.1% | 0.4 | 9 |
| Danville city | 1,121 | 625 | 32.8 | 27.0% | 0.5 | 12 |
| Accomack County | 1,173 | 623 | 43.1 | 28.0% | 0.6 | 11 |
| Dinwiddie County | 1,159 | 620 | 58.2 | 27.9% | 0.5 | 10 |
| Mecklenburg County | 1,066 | 616 | 45.4 | 22.8% | 0.4 | 8 |
| Amherst County | 1,066 | 612 | 48.2 | 24.7% | 0.5 | 11 |
| Harrisonburg city | 846 | 577 | 33.2 | 17.7% | 0.3 | 7 |
| Hopewell city | 1,029 | 568 | 61.4 | 24.6% | 0.5 | 9 |
| King William County | 897 | 557 | 75.8 | 21.3% | 0.4 | 9 |
| Charlottesville city | 874 | 551 | 27.8 | 19.6% | 0.2 | 7 |
| Carroll County | 967 | 531 | 42.2 | 28.7% | 0.7 | 7 |
| Wythe County | 928 | 524 | 41.8 | 30.4% | 0.7 | 7 |
| Salem city | 789 | 517 | 50.4 | 19.1% | 0.4 | 7 |
| Winchester city | 819 | 501 | 43.6 | 21.0% | 0.4 | 7 |
| Page County | 869 | 492 | 49.6 | 25.6% | 0.4 | 3 |
| Fredericksburg city | 813 | 473 | 40.4 | 24.0% | 0.3 | 6 |
| Greene County | 861 | 464 | 57.8 | 27.8% | 0.3 | 9 |
| Poquoson city | 666 | 463 | 97.9 | 12.1% | 0.1 | 5 |
| Fairfax city | 747 | 444 | 48.5 | 20.4% | 0.2 | 5 |
| Colonial Heights city | 749 | 430 | 57.1 | 23.5% | 0.4 | 2 |
| Halifax County | 783 | 429 | 31.5 | 27.1% | 0.5 | 5 |
| Smyth County | 680 | 405 | 32.0 | 23.8% | 0.8 | 5 |
| Tazewell County | 815 | 392 | 24.1 | 33.8% | 0.8 | 7 |
| Rockbridge County | 623 | 380 | 39.8 | 21.2% | 0.4 | 8 |
| Northumberland County | 670 | 374 | 66.3 | 24.8% | 0.5 | 6 |
| Wise County | 775 | 374 | 26.9 | 34.5% | 1.0 | 8 |
| Appomattox County | 667 | 372 | 56.0 | 26.4% | 0.5 | 4 |
| Nelson County | 660 | 362 | 56.9 | 24.9% | 0.5 | 7 |
| Bristol city | 607 | 360 | 49.8 | 24.0% | 0.6 | 3 |
| Manassas Park city | 637 | 358 | 68.9 | 25.7% | 0.2 | 5 |
| Southampton County | 623 | 353 | 51.4 | 26.1% | 0.6 | 3 |
| Prince Edward County | 634 | 314 | 41.1 | 29.4% | 0.5 | 5 |
| Clarke County | 559 | 313 | 53.1 | 21.8% | 0.4 | 3 |
| Middlesex County | 512 | 308 | 64.5 | 21.1% | 0.4 | 2 |
| Northampton County | 573 | 305 | 56.1 | 25.8% | 0.4 | 4 |
| Russell County | 584 | 301 | 28.2 | 29.9% | 0.9 | 6 |
| Lancaster County | 505 | 295 | 51.7 | 20.9% | 0.3 | 2 |
| Amelia County | 512 | 290 | 53.5 | 27.0% | 0.4 | 4 |
| Scott County | 577 | 285 | 31.2 | 30.5% | 0.8 | 4 |
| Lee County | 566 | 278 | 32.6 | 34.6% | 1.0 | 5 |
| Giles County | 466 | 266 | 39.7 | 24.8% | 0.7 | 4 |
| Madison County | 510 | 265 | 48.3 | 30.6% | 0.4 | 4 |
| Floyd County | 426 | 261 | 39.4 | 24.8% | 0.6 | 4 |
| Buckingham County | 540 | 259 | 41.3 | 33.7% | 0.6 | 1 |
| Patrick County | 514 | 254 | 32.6 | 30.6% | 0.4 | 4 |
| Mathews County | 431 | 252 | 63.2 | 21.3% | 0.5 | 3 |
| Nottoway County | 466 | 252 | 44.9 | 25.3% | 0.6 | 2 |
| Cumberland County | 447 | 248 | 61.8 | 25.6% | 0.7 | 2 |
| Franklin city | 350 | 237 | 68.6 | 15.6% | 0.2 | 1 |
| Radford city | 373 | 237 | 42.8 | 19.5% | 0.5 | 1 |
| Essex County | 466 | 231 | 51.9 | 30.8% | 0.6 | 3 |
| Alleghany County | 362 | 225 | 35.2 | 23.9% | 0.6 | 2 |
| Martinsville city | 442 | 224 | 39.2 | 32.7% | 0.5 | 3 |
| Grayson County | 373 | 200 | 31.6 | 30.1% | 0.6 | 2 |
| Falls Church city | 261 | 185 | 29.5 | 14.2% | 0.1 | 0 |
| Lunenburg County | 341 | 185 | 38.8 | 25.8% | 0.5 | 2 |
| Williamsburg city | 345 | 181 | 36.1 | 30.0% | 0.2 | 1 |
| Brunswick County | 395 | 171 | 26.4 | 35.6% | 0.6 | 3 |
| Sussex County | 321 | 163 | 43.1 | 29.0% | 0.5 | 1 |
| King and Queen County | 279 | 150 | 50.0 | 28.2% | 0.6 | 1 |
| Charlotte County | 288 | 148 | 31.5 | 30.3% | 0.7 | 1 |
| Charles City County | 293 | 145 | 49.8 | 27.0% | 0.5 | 0 |
| Richmond County | 264 | 145 | 45.6 | 26.8% | 0.5 | 2 |
| Rappahannock County | 241 | 136 | 45.6 | 25.4% | 0.4 | 0 |
| Surry County | 267 | 128 | 45.2 | 31.2% | 0.5 | 1 |
| Galax city | 221 | 121 | 43.8 | 27.2% | 0.7 | 1 |
| Dickenson County | 237 | 118 | 19.9 | 34.4% | 1.1 | 1 |
| Buena Vista city | 189 | 108 | 42.3 | 26.0% | 0.6 | 0 |
| Greensville County | 229 | 106 | 33.1 | 34.5% | 0.6 | 0 |
| Buchanan County | 253 | 102 | 13.5 | 42.4% | 1.2 | 2 |
| Covington city | 134 | 86 | 33.4 | 26.8% | 0.6 | 1 |
| Craig County | 131 | 81 | 46.7 | 19.8% | 0.2 | 1 |
| Emporia city | 136 | 75 | 34.8 | 28.7% | 0.8 | 0 |
| Bland County | 168 | 69 | 29.0 | 40.5% | 0.8 | 1 |
| Lexington city | 85 | 58 | 26.5 | 20.3% | 0.5 | 0 |
| Bath County | 81 | 49 | 26.9 | 21.5% | 0.5 | 0 |
| Highland County | 69 | 48 | 47.9 | 21.0% | 0.6 | 0 |
| Norton city | 79 | 38 | 23.7 | 31.7% | 0.7 | 0 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Virginia originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Virginia?
By 2024 originations: Rocket Mortgage (11,751), Navy Federal Credit Union (9,959), United Wholesale Mortgage (7,798), Truist Bank (5,521), Atlantic Bay Mortgage Group (4,190). 456 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Virginia?
22.1% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Virginia changed since 2018?
Originations went from 211,536 in 2018 to 183,107 in 2024; the denial rate moved from 23.2% to 22.1%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.