Baxter Credit Union · Virginia · 2025

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

Baxter Credit Union took 77 mortgage applications in Virginia in 2025, ranking #315 of 1,013 lenders active in the state. It originated 64.9% of them and denied 18.2% (18.7% of the applications it decided), against a statewide denial rate of 15.9%.

77Applicationsin VA
18.7%Decision denial ratestate 20.3%
7.63%Median ratestate 6.63%
$105,000Median loanstate $255,000
$12MVolume29 counties

Baxter Credit Union in Virginia vs the state

18.2%Denial rate+2.24 pts vs state
18.7%Decision denial rate-1.58 pts vs state
64.9%Origination rate+5.42 pts vs state
7.63%Median rate+1.00 pts vs state
0.55Rate spread (pts)+0.33 pts vs state
$146kMedian applicant income
50Loans originated
14Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023663625.8%8.25%#320
2024703917.1%8.38%#322
2025775018.2%7.63%#315

What Baxter Credit Union lends in Virginia

By loan purpose

Home purchase 17 22% · 5.9% denied
Refinance 9 12% · 11.1% denied
Cash-out refinance 7 9% · 14.3% denied
Home improvement 24 31% · 16.7% denied
Other / HELOC 20 26% · 35.0% denied

By loan type

Conventional 77 100% · 18.2% denied

Why it denied Virginia applicants

Debt-to-income ratio 7 50%
Credit history 6 43%
Collateral 1 7%

Where in Virginia

Counties with the most Baxter Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Spotsylvania County 1182 18.2%
Fairfax County 951 11.1%
Chesterfield County 853 37.5%
Prince William County 532 40.0%
Loudoun County 540 0.0%
Virginia Beach city 541 20.0%
Caroline County 440 0.0%
Albemarle County 301 33.3%
Hanover County 220 0.0%
Campbell 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: 77 applications in 2025, of which 50 were originated and 14 denied.

18.2% of all applications, or 18.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Baxter Credit Union originated in Virginia in 2025 was 7.63%, against a statewide median of 6.63%.

About this data. Figures are Baxter 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