Armed Forces Bank in Virginia vs the state
11.2%Denial rate-4.72 pts vs state
14.6%Decision denial rate-5.68 pts vs state
65.3%Origination rate+5.79 pts vs state
6.25%Median rate-0.38 pts vs state
-0.43Rate spread (pts)-0.65 pts vs state
$137kMedian applicant income
128Loans originated
22Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 87 | 57 | 9.2% | 6.50% | #282 |
| 2024 | 165 | 116 | 6.1% | 6.25% | #222 |
| 2025 | 196 | 128 | 11.2% | 6.25% | #208 |
What Armed Forces Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Armed Forces Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 36 | 30 | 2 | 5.6% |
| Fairfax County | 31 | 23 | 2 | 6.5% |
| Norfolk city | 18 | 7 | 3 | 16.7% |
| Prince William County | 13 | 6 | 3 | 23.1% |
| Chesapeake city | 12 | 10 | 0 | 0.0% |
| Portsmouth city | 8 | 6 | 2 | 25.0% |
| Alexandria city | 8 | 2 | 2 | 25.0% |
| York County | 8 | 6 | 0 | 0.0% |
| Suffolk city | 8 | 8 | 0 | 0.0% |
| Hampton city | 6 | 4 | 0 | 0.0% |
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: 196 applications in 2025, of which 128 were originated and 22 denied.
11.2% of all applications, or 14.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Armed Forces Bank originated in Virginia in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Armed Forces Bank'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