Chesapeake Bank in Virginia vs the state
17.5%Denial rate+1.51 pts vs state
19.4%Decision denial rate-0.88 pts vs state
67.9%Origination rate+8.40 pts vs state
7.00%Median rate+0.38 pts vs state
0.59Rate spread (pts)+0.37 pts vs state
$115kMedian applicant income
144Loans originated
37Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 268 | 183 | 17.5% | 6.99% | #160 |
| 2024 | 293 | 181 | 20.1% | 7.24% | #160 |
| 2025 | 212 | 144 | 17.5% | 7.00% | #200 |
What Chesapeake Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Chesapeake Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lancaster County | 36 | 23 | 10 | 27.8% |
| Gloucester County | 35 | 24 | 5 | 14.3% |
| Mathews County | 24 | 18 | 3 | 12.5% |
| Northumberland County | 16 | 6 | 4 | 25.0% |
| James City County | 14 | 10 | 1 | 7.1% |
| Middlesex County | 14 | 9 | 1 | 7.1% |
| Henrico County | 10 | 6 | 2 | 20.0% |
| Richmond city | 8 | 6 | 1 | 12.5% |
| Chesterfield County | 6 | 3 | 2 | 33.3% |
| Newport News city | 6 | 5 | 1 | 16.7% |
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: 212 applications in 2025, of which 144 were originated and 37 denied.
17.5% of all applications, or 19.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Chesapeake Bank originated in Virginia in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are Chesapeake 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