VA-guaranteed mortgages: originations, denial rate and lenders by state, 2024

Loan types › VA-guaranteed

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.

836,276applications, 2024

490,825originations

11.3%denials as a share of applicationsall types: 19.5%

7.9%of all originations

National trend, 2018–2024

VA originations by year, United States

Share of all originationsDenials ÷ applications

Share of all originations, and denials as a share of applications for this type

VA loans guaranteed by month

All VA loansPurchaseIRRRL

Loans guaranteed by the Department of Veterans Affairs each month, all lenders (VA lender statistics)

Monthly lender tables: Aug 2026 · Jul 2026 · Jun 2026 · May 2026 · Apr 2026 · Mar 2026 · Feb 2026 · Jan 2026 · Dec 2025 · Nov 2025 · Oct 2025 · Sep 2025. All months.

By state, 2024

State	VA applications	VA originations	Share of state originations	Denials ÷ applications
Texas	80,120	51,658	10.4%	8.6%
Florida	81,827	45,348	9.5%	12.7%
North Carolina	50,916	30,283	11.8%	10.3%
Virginia	48,499	29,988	16.4%	9.0%
Georgia	47,587	26,470	11.6%	12.5%
California	44,381	24,692	4.8%	12.3%
South Carolina	27,807	16,455	12.9%	10.8%
Tennessee	27,654	16,088	10.0%	10.8%
Arizona	26,380	16,000	9.6%	10.4%
Ohio	25,960	14,611	5.9%	12.4%
Colorado	22,302	13,836	9.7%	9.4%
Washington	21,695	13,265	8.6%	9.3%
Alabama	22,725	13,087	12.5%	11.7%
Maryland	20,342	11,675	10.0%	11.2%
Missouri	18,299	10,815	8.2%	11.2%
Illinois	17,835	10,157	4.9%	12.9%
Pennsylvania	18,389	9,856	4.0%	13.9%
Indiana	16,928	9,714	6.0%	12.7%
Michigan	16,616	9,297	4.5%	13.7%
Oklahoma	15,208	8,679	11.9%	11.5%
Nevada	12,010	7,171	10.8%	10.5%
Kentucky	12,601	7,163	8.0%	11.7%
Wisconsin	9,629	5,925	4.3%	11.5%
Louisiana	10,701	5,805	9.3%	14.2%
Arkansas	10,161	5,640	9.5%	11.6%
Oregon	9,025	5,231	6.7%	11.2%
Minnesota	8,417	5,155	4.6%	10.7%
Mississippi	9,302	5,089	10.3%	14.0%
Kansas	7,994	5,038	9.3%	11.2%
New York	7,867	4,919	2.4%	14.3%
New Jersey	8,940	4,516	2.9%	14.1%
New Mexico	7,685	4,401	12.0%	11.2%
Utah	6,474	4,126	4.7%	9.2%
Idaho	6,178	3,849	8.0%	9.5%
Iowa	5,822	3,555	5.2%	12.1%
Nebraska	5,229	3,324	8.7%	9.7%
Massachusetts	5,219	3,049	2.5%	12.2%
Hawaii	4,349	2,807	17.4%	9.5%
Alaska	3,965	2,595	24.5%	8.4%
West Virginia	4,309	2,554	9.4%	12.6%
Connecticut	4,110	2,322	3.5%	13.9%
Montana	3,736	2,165	11.1%	11.3%
Maine	3,460	1,988	6.3%	11.6%
Delaware	3,270	1,866	7.7%	12.5%
New Hampshire	2,878	1,731	5.7%	11.0%
South Dakota	2,280	1,503	9.5%	10.2%
Wyoming	2,497	1,477	13.1%	11.3%
North Dakota	1,815	1,239	9.5%	8.6%
Rhode Island	1,426	854	3.8%	11.2%
Puerto Rico	1,204	800	6.1%	19.4%
Vermont	823	474	4.0%	10.8%
District of Columbia	796	461	5.5%	10.9%

Most active VA lenders, 2024

#	Lender	VA applications	VA originations	Share of lender's originations	VA denials ÷ applications
1	Mortgage Research Center	131,084	68,183	92.4%	14.9%
2	United Wholesale Mortgage	70,736	53,385	14.6%	6.5%
3	Rocket Mortgage	39,171	28,180	7.8%	16.1%
4	Freedom Mortgage Corporation	52,642	27,449	47.9%	6.7%
5	Navy Federal Credit Union	33,994	17,093	20.8%	12.3%
6	Pennymac Loan Services LLC	28,665	15,034	22.3%	7.5%
7	DHI Mortgage Company, LTD.	14,988	11,681	16.5%	7.9%
8	Crosscountry Mortgage, LLC	13,601	9,128	9.0%	2.2%
9	Newrez LLC	17,041	8,556	16.4%	8.8%
10	Usaa Bank	16,873	8,524	64.6%	21.3%
11	Loandepot.com, LLC	13,021	8,243	10.4%	19.3%
12	Village Capital & Investment	21,183	8,239	71.5%	10.6%
13	Movement Mortgage, LLC	9,278	7,054	11.5%	1.6%
14	New Day Financial, LLC.	41,001	7,001	97.4%	24.2%
15	Guaranteed Rate, Inc.	9,035	6,218	9.9%	3.3%
16	Fairway Independent Mort Corp	7,867	6,184	8.3%	3.2%
17	CMG Mortgage Inc	8,275	6,103	10.4%	2.0%
18	Guild Mortgage Company	8,157	5,952	7.9%	2.8%
19	Lennar Mortgage, LLC	7,231	5,475	9.9%	11.5%
20	New American Funding, LLC.	9,006	4,028	8.3%	8.4%
21	The Federal Savings Bank	11,345	3,794	46.6%	9.3%
22	Mortgage Solutions of Colorado	5,338	3,666	63.4%	3.9%
23	Planet Home Lending, LLC	4,251	3,511	33.8%	13.9%
24	Nationstar Mortgage	4,757	3,369	8.1%	10.6%
25	Lakeview Loan Servicing, LLC	9,515	3,174	30.1%	30.5%
26	Ark-La-Tex Financial Services LLC	3,541	2,659	16.4%	2.6%
27	Carrington Mortgage Services L	6,577	2,372	18.0%	38.8%
28	Primelending	3,052	2,299	9.1%	4.8%
29	Union Home Mortgage Corp.	2,940	2,206	8.0%	4.5%
30	Barrington Bank & Trust Company, N.A.	3,451	2,178	26.5%	7.3%
31	Nvr Mortgage Finance, Inc.	2,948	2,162	12.5%	15.6%
32	Flagstar Bank NA	3,156	2,052	7.0%	20.8%
33	Pulte Mortgage LLC	2,740	1,985	10.1%	10.8%
34	Nbkc Bank	2,739	1,954	25.0%	7.6%
35	Equity Prime Mortgage LLC	3,190	1,911	17.4%	3.2%
36	Prosperity Home Mortgage, LLC	2,716	1,900	9.4%	9.2%
37	Atlantic Bay Mortgage Group	2,329	1,888	14.1%	1.1%
38	American Pacific Mortgage Corporation	2,507	1,859	9.0%	5.5%
39	NFM, Inc	2,183	1,735	10.1%	1.1%
40	Mutual of Omaha Mortgage	2,928	1,633	8.2%	18.9%
41	Paramount Residential Mortgage	2,210	1,609	8.3%	1.9%
42	Pentagon Federal Credit Unioin	3,304	1,566	14.9%	30.2%
43	Loanunited.com, LLC	3,720	1,510	62.0%	1.9%
44	Sun West Mortgage Company, Inc	2,564	1,501	22.9%	12.3%
45	Flat Branch Mortgage, Inc.	1,849	1,495	10.8%	1.2%
46	ClearPath Lending	2,265	1,492	96.9%	13.2%
47	Lower, LLC	2,471	1,436	8.2%	11.7%
48	Kind Lending, LLC	2,213	1,420	7.6%	22.7%
49	American Neighborhood Mortgage Acceptance Company	1,995	1,416	15.0%	1.3%
50	Cardinal Financial Company, Li	1,903	1,391	9.1%	7.6%

Lenders ranked by originations of this type. Lists are by volume only; this site does not rate or recommend lenders.

Questions and answers

How many VA loans were originated in 2024?

490,825 nationally, 7.9% of all HMDA-reported originations, from 836,276 applications.

What is the denial rate for VA applications?

11.3% of VA applications were denied in 2024, measured as denials over all applications of that type; the all-type figure on the same basis is 19.5%.

Which lenders originate the most VA loans?

Mortgage Research Center (68,183), United Wholesale Mortgage (53,385), Rocket Mortgage (28,180), Freedom Mortgage Corporation (27,449), Navy Federal Credit Union (17,093).

Where are the monthly VA lender figures?

The Department of Veterans Affairs publishes loans guaranteed by lender each month; the latest table on this site is Aug 2026.

Provenance

Source: HMDA Data Browser aggregations by loan type 2018–2024 and the 2024 public LAR (FFIEC and CFPB, public domain); VA lender statistics from the Department of Veterans Affairs. Built 30 Sep 2026.