Berkadia Commercial Mortgage in Virginia vs the state
3.7%Denial rate-12.24 pts vs state
3.7%Decision denial rate-16.55 pts vs state
96.3%Origination rate+36.78 pts vs state
5.50%Median rate-1.13 pts vs state
150.00Rate spread (pts)+149.78 pts vs state
—Median applicant income
26Loans originated
1Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 15 | 14 | 6.7% | 5.89% | #518 |
| 2024 | 23 | 23 | 0.0% | 5.55% | #462 |
| 2025 | 27 | 26 | 3.7% | 5.50% | #453 |
What Berkadia Commercial Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
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: 27 applications in 2025, of which 26 were originated and 1 denied.
3.7% of all applications, or 3.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Berkadia Commercial Mortgage originated in Virginia in 2025 was 5.50%, against a statewide median of 6.63%.
About this data. Figures are Berkadia Commercial Mortgage'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