Charles Schwab Bank in Virginia vs the state
2.9%Denial rate-13.06 pts vs state
2.9%Decision denial rate-17.37 pts vs state
95.0%Origination rate+35.44 pts vs state
5.63%Median rate-1.00 pts vs state
-0.22Rate spread (pts)-0.44 pts vs state
$379kMedian applicant income
132Loans originated
4Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 56 | 49 | 12.5% | 5.98% | #343 |
| 2024 | 99 | 92 | 7.1% | 6.13% | #280 |
| 2025 | 139 | 132 | 2.9% | 5.63% | #250 |
What Charles Schwab Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Charles Schwab Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 49 | 47 | 2 | 4.1% |
| Arlington County | 14 | 13 | 0 | 0.0% |
| Richmond city | 8 | 8 | 0 | 0.0% |
| Loudoun County | 7 | 6 | 0 | 0.0% |
| Alexandria city | 7 | 7 | 0 | 0.0% |
| Albemarle County | 7 | 6 | 1 | 14.3% |
| Virginia Beach city | 6 | 4 | 1 | 16.7% |
| Prince William County | 4 | 4 | 0 | 0.0% |
| Chesterfield County | 4 | 4 | 0 | 0.0% |
| James City County | 3 | 3 | 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: 139 applications in 2025, of which 132 were originated and 4 denied.
2.9% of all applications, or 2.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Charles Schwab Bank originated in Virginia in 2025 was 5.63%, against a statewide median of 6.63%.
About this data. Figures are Charles Schwab Bank'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