Better Mortgage in Virginia vs the state
26.9%Denial rate+10.94 pts vs state
46.7%Decision denial rate+26.42 pts vs state
29.7%Origination rate-29.80 pts vs state
8.25%Median rate+1.63 pts vs state
0.83Rate spread (pts)+0.61 pts vs state
$167kMedian applicant income
387Loans originated
350Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 292 | 119 | 5.5% | 6.13% | #150 |
| 2024 | 443 | 146 | 14.9% | 6.50% | #118 |
| 2025 | 1,302 | 387 | 26.9% | 8.25% | #62 |
What Better Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 207 | 55 | 64 | 30.9% |
| Loudoun County | 133 | 39 | 38 | 28.6% |
| Prince William County | 92 | 19 | 25 | 27.2% |
| Chesterfield County | 78 | 28 | 20 | 25.6% |
| Henrico County | 68 | 17 | 20 | 29.4% |
| Virginia Beach city | 65 | 24 | 15 | 23.1% |
| Richmond city | 40 | 11 | 13 | 32.5% |
| Chesapeake city | 33 | 12 | 5 | 15.2% |
| Arlington County | 31 | 13 | 6 | 19.4% |
| Alexandria city | 27 | 12 | 7 | 25.9% |
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: 1,302 applications in 2025, of which 387 were originated and 350 denied.
26.9% of all applications, or 46.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Better Mortgage originated in Virginia in 2025 was 8.25%, against a statewide median of 6.63%.
About this data. Figures are Better 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