Bank of Botetourt · Virginia · 2025

Bank of Botetourt in Virginia: approval rate, denial rate and rates (2025)

Bank of Botetourt took 205 mortgage applications in Virginia in 2025, ranking #203 of 1,013 lenders active in the state. It originated 85.9% of them and denied 3.9% (4.3% of the applications it decided), against a statewide denial rate of 15.9%.

205Applicationsin VA
4.3%Decision denial ratestate 20.3%
Median ratestate 6.63%
$295,000Median loanstate $255,000
$66MVolume16 counties

Bank of Botetourt in Virginia vs the state

3.9%Denial rate-12.04 pts vs state
4.3%Decision denial rate-15.93 pts vs state
85.9%Origination rate+26.33 pts vs state
Median rate
Rate spread (pts)
$124kMedian applicant income
176Loans originated
8Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233282893.7%#139
20242562263.5%#177
20252051763.9%#203

What Bank of Botetourt lends in Virginia

By loan purpose

Home purchase 141 69% · 2.1% denied
Refinance 20 10% · 20.0% denied
Cash-out refinance 20 10% · 0.0% denied
Home improvement 11 5% · 0.0% denied
Other / HELOC 13 6% · 7.7% denied

By loan type

Conventional 205 100% · 3.9% denied

Where in Virginia

Counties with the most Bank of Botetourt applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Botetourt County 57461 1.8%
Roanoke city 39331 2.6%
Franklin County 34340 0.0%
Roanoke County 23181 4.3%
Bedford County 18161 5.6%
Rockbridge County 15123 20.0%
Covington city 320 0.0%
Alleghany County 330 0.0%
Buena Vista city 220 0.0%
Montgomery County 220 0.0%

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: 205 applications in 2025, of which 176 were originated and 8 denied.

3.9% of all applications, or 4.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Bank of Botetourt'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