Bank of America in Virginia vs the state
31.9%Denial rate+15.96 pts vs state
43.4%Decision denial rate+23.12 pts vs state
40.8%Origination rate-18.69 pts vs state
6.24%Median rate-0.38 pts vs state
1.02Rate spread (pts)+0.80 pts vs state
$132kMedian applicant income
2,688Loans originated
2,100Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7,164 | 2,639 | 47.2% | 7.13% | #5 |
| 2024 | 6,559 | 2,633 | 33.2% | 6.99% | #6 |
| 2025 | 6,584 | 2,688 | 31.9% | 6.24% | #8 |
What Bank of America lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 1,347 | 551 | 391 | 29.0% |
| Loudoun County | 605 | 264 | 176 | 29.1% |
| Prince William County | 514 | 186 | 189 | 36.8% |
| Virginia Beach city | 412 | 184 | 131 | 31.8% |
| Chesterfield County | 373 | 180 | 110 | 29.5% |
| Henrico County | 367 | 168 | 106 | 28.9% |
| Chesapeake city | 182 | 66 | 72 | 39.6% |
| Arlington County | 180 | 101 | 37 | 20.6% |
| Richmond city | 172 | 77 | 55 | 32.0% |
| Stafford County | 165 | 49 | 67 | 40.6% |
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% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
| Vanderbilt Mortgage and Finance | F | 5,850 | 40.0% | 9.25% |
Frequently asked questions
Virginia: 6,584 applications in 2025, of which 2,688 were originated and 2,100 denied.
31.9% of all applications, or 43.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Bank of America originated in Virginia in 2025 was 6.24%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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