Carter Bank & Trust in Virginia vs the state
28.3%Denial rate+12.37 pts vs state
30.5%Decision denial rate+10.21 pts vs state
63.1%Origination rate+3.56 pts vs state
7.63%Median rate+1.00 pts vs state
0.88Rate spread (pts)+0.66 pts vs state
$82kMedian applicant income
205Loans originated
92Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 302 | 177 | 32.5% | 8.00% | #145 |
| 2024 | 312 | 192 | 29.5% | 8.38% | #152 |
| 2025 | 325 | 205 | 28.3% | 7.63% | #151 |
What Carter Bank & Trust lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Carter Bank & Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Henry County | 42 | 32 | 7 | 16.7% |
| Franklin County | 32 | 21 | 9 | 28.1% |
| Pittsylvania County | 28 | 16 | 11 | 39.3% |
| Patrick County | 17 | 7 | 9 | 52.9% |
| Lynchburg city | 14 | 7 | 3 | 21.4% |
| Albemarle County | 14 | 5 | 7 | 50.0% |
| Carroll County | 14 | 7 | 6 | 42.9% |
| Bedford County | 13 | 6 | 3 | 23.1% |
| Stafford County | 12 | 7 | 4 | 33.3% |
| Spotsylvania County | 11 | 8 | 3 | 27.3% |
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: 325 applications in 2025, of which 205 were originated and 92 denied.
28.3% of all applications, or 30.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Carter Bank & Trust originated in Virginia in 2025 was 7.63%, against a statewide median of 6.63%.
About this data. Figures are Carter Bank & Trust'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