Apple Federal Credit Union · Virginia · 2025

Apple Federal Credit Union in Virginia: approval rate, denial rate and rates (2025)

Apple Federal Credit Union took 2,014 mortgage applications in Virginia in 2025, ranking #42 of 1,013 lenders active in the state. It originated 54.7% of them and denied 24.9% (31.3% of the applications it decided), against a statewide denial rate of 15.9%.

2.0kApplicationsin VA
31.3%Decision denial ratestate 20.3%
7.49%Median ratestate 6.63%
$105,000Median loanstate $255,000
$198MVolume53 counties

Apple Federal Credit Union in Virginia vs the state

24.9%Denial rate+8.94 pts vs state
31.3%Decision denial rate+11.02 pts vs state
54.7%Origination rate-4.85 pts vs state
7.49%Median rate+0.87 pts vs state
0.56Rate spread (pts)+0.34 pts vs state
$138kMedian applicant income
1,101Loans originated
501Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,96897229.2%8.25%#37
20242,1621,13027.3%8.49%#36
20252,0141,10124.9%7.49%#42

What Apple Federal Credit Union lends in Virginia

By loan purpose

Home purchase 177 9% · 6.8% denied
Refinance 26 1% · 7.7% denied
Cash-out refinance 70 3% · 21.4% denied
Home improvement 1,017 50% · 25.9% denied
Other / HELOC 724 36% · 28.9% denied

By loan type

Conventional 2,014 100% · 24.9% denied

Why it denied Virginia applicants

Debt-to-income ratio 201 40%
Credit history 188 38%
Collateral 74 15%
Other 21 4%
Unverifiable information 7 1%
Employment history 7 1%
Incomplete application 1 0%
Mortgage insurance denied 1 0%
Insufficient cash 1 0%

Where in Virginia

Counties with the most Apple Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 664386130 19.6%
Prince William County 432211135 31.3%
Loudoun County 28315173 25.8%
Frederick County 1046227 26.0%
Stafford County 884523 26.1%
Fauquier County 744616 21.6%
Culpeper County 361414 38.9%
Manassas city 351911 31.4%
Warren County 32195 15.6%
Spotsylvania County 321313 40.6%

Other large lenders in Virginia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 19,39519.3%7.75%
Rocket MortgageC 19,27414.8%6.63%
United Shore Financial ServicesB 13,99410.4%6.12%
Truist BankC 11,83831.6%6.49%
Mortgage Research CenterC 9,00016.7%6.25%
Pennymac Loan ServicesC 8,33410.7%6.38%
Freedom MortgageB 8,0296.5%6.25%
Bank of AmericaF 6,58431.9%6.24%
NewrezD 6,39016.4%6.38%
Movement MortgageA 6,1264.3%6.56%

Frequently asked questions

Virginia: 2,014 applications in 2025, of which 1,101 were originated and 501 denied.

24.9% of all applications, or 31.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Apple Federal Credit Union originated in Virginia in 2025 was 7.49%, against a statewide median of 6.63%.

About this data. Figures are Apple Federal Credit Union'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