American Financing in Virginia vs the state
47.6%Denial rate+31.67 pts vs state
64.2%Decision denial rate+43.90 pts vs state
19.1%Origination rate-40.39 pts vs state
6.13%Median rate-0.50 pts vs state
0.14Rate spread (pts)-0.08 pts vs state
$99kMedian applicant income
92Loans originated
229Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 242 | 49 | 40.5% | 6.38% | #168 |
| 2024 | 334 | 78 | 45.2% | 6.25% | #144 |
| 2025 | 481 | 92 | 47.6% | 6.13% | #118 |
What American Financing lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most American Financing applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 36 | 5 | 21 | 58.3% |
| Fairfax County | 34 | 3 | 18 | 52.9% |
| Prince William County | 25 | 6 | 9 | 36.0% |
| Chesterfield County | 21 | 2 | 7 | 33.3% |
| Chesapeake city | 18 | 5 | 6 | 33.3% |
| Hampton city | 15 | 3 | 6 | 40.0% |
| Stafford County | 14 | 3 | 7 | 50.0% |
| Newport News city | 12 | 0 | 9 | 75.0% |
| Norfolk city | 12 | 2 | 7 | 58.3% |
| Frederick County | 11 | 2 | 6 | 54.5% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 481 applications in 2025, of which 92 were originated and 229 denied.
47.6% of all applications, or 64.2% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans American Financing originated in Virginia in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are American Financing's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology