City Lending in Virginia vs the state
23.4%Denial rate+7.42 pts vs state
28.0%Decision denial rate+7.74 pts vs state
58.1%Origination rate-1.40 pts vs state
6.99%Median rate+0.37 pts vs state
0.87Rate spread (pts)+0.65 pts vs state
$98kMedian applicant income
204Loans originated
82Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 522 | 360 | 8.2% | 7.13% | #96 |
| 2024 | 639 | 486 | 13.2% | 7.13% | #89 |
| 2025 | 351 | 204 | 23.4% | 6.99% | #143 |
What City Lending lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most City Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Prince William County | 93 | 44 | 27 | 29.0% |
| Fairfax County | 53 | 29 | 11 | 20.8% |
| Stafford County | 41 | 19 | 13 | 31.7% |
| Loudoun County | 22 | 19 | 1 | 4.5% |
| Spotsylvania County | 20 | 16 | 3 | 15.0% |
| Chesterfield County | 15 | 11 | 3 | 20.0% |
| Manassas city | 9 | 5 | 2 | 22.2% |
| Frederick County | 8 | 7 | 0 | 0.0% |
| Warren County | 8 | 7 | 0 | 0.0% |
| Shenandoah County | 8 | 4 | 4 | 50.0% |
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: 351 applications in 2025, of which 204 were originated and 82 denied.
23.4% of all applications, or 28.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans City Lending originated in Virginia in 2025 was 6.99%, against a statewide median of 6.63%.
About this data. Figures are City Lending'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