Citizens and Farmers Bank · Virginia · 2025

Citizens and Farmers Bank in Virginia: approval rate, denial rate and rates (2025)

Citizens and Farmers Bank took 831 mortgage applications in Virginia in 2025, ranking #88 of 1,013 lenders active in the state. It originated 66.6% of them and denied 26.1% (27.7% of the applications it decided), against a statewide denial rate of 15.9%.

831Applicationsin VA
27.7%Decision denial ratestate 20.3%
Median ratestate 6.63%
$105,000Median loanstate $255,000
$86MVolume65 counties

Citizens and Farmers Bank in Virginia vs the state

26.1%Denial rate+10.17 pts vs state
27.7%Decision denial rate+7.43 pts vs state
66.6%Origination rate+7.03 pts vs state
Median rate
Rate spread (pts)
$118kMedian applicant income
553Loans originated
217Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
202377746931.8%#79
202475548928.0%#85
202583155326.1%#88

What Citizens and Farmers Bank lends in Virginia

By loan purpose

Home purchase 85 10% · 22.4% denied
Refinance 215 26% · 23.7% denied
Home improvement 301 36% · 25.3% denied
Other / HELOC 230 28% · 30.9% denied

By loan type

Conventional 831 100% · 26.1% denied

Why it denied Virginia applicants

Debt-to-income ratio 118 54%
Credit history 54 25%
Collateral 23 11%
Incomplete application 15 7%
Other 6 3%
Insufficient cash 1 0%

Where in Virginia

Counties with the most Citizens and Farmers Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chesterfield County 1399634 24.5%
Henrico County 1206744 36.7%
New Kent County 624611 17.7%
Hanover County 624611 17.7%
Powhatan County 593719 32.2%
James City County 493410 20.4%
Richmond city 392710 25.6%
King William County 22164 18.2%
Middlesex County 22184 18.2%
Cumberland County 21136 28.6%

Other large lenders in Virginia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 19,39519.3%7.75%
Rocket MortgageC 19,27414.8%6.63%
United Shore Financial ServicesB 13,99410.4%6.12%
Truist BankC 11,83831.6%6.49%
Mortgage Research CenterC 9,00016.7%6.25%
Pennymac Loan ServicesC 8,33410.7%6.38%
Freedom MortgageB 8,0296.5%6.25%
Bank of AmericaF 6,58431.9%6.24%
NewrezD 6,39016.4%6.38%
Movement MortgageA 6,1264.3%6.56%

Frequently asked questions

Virginia: 831 applications in 2025, of which 553 were originated and 217 denied.

26.1% of all applications, or 27.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Citizens and Farmers 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