Bank of England in Virginia vs the state
5.4%Denial rate-10.53 pts vs state
9.1%Decision denial rate-11.16 pts vs state
54.1%Origination rate-5.47 pts vs state
6.56%Median rate-0.06 pts vs state
0.55Rate spread (pts)+0.33 pts vs state
$55kMedian applicant income
20Loans originated
2Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 56 | 36 | 19.6% | 6.38% | #346 |
| 2024 | 38 | 26 | 0.0% | 6.38% | #400 |
| 2025 | 37 | 20 | 5.4% | 6.56% | #418 |
What Bank of England lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Bank of England applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pittsylvania County | 20 | 10 | 1 | 5.0% |
| Danville city | 8 | 5 | 1 | 12.5% |
| Bedford County | 2 | 2 | 0 | 0.0% |
| Amherst County | 1 | 0 | 0 | 0.0% |
| Campbell County | 1 | 0 | 0 | 0.0% |
| Virginia Beach city | 1 | 1 | 0 | 0.0% |
| Halifax County | 1 | 0 | 0 | 0.0% |
| Patrick County | 1 | 1 | 0 | 0.0% |
| Loudoun County | 1 | 0 | 0 | 0.0% |
| Lynchburg city | 1 | 1 | 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: 37 applications in 2025, of which 20 were originated and 2 denied.
5.4% of all applications, or 9.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Bank of England originated in Virginia in 2025 was 6.56%, against a statewide median of 6.63%.
About this data. Figures are Bank of England'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