Commerce Home Mortgage in Virginia vs the state
10.2%Denial rate-5.78 pts vs state
13.7%Decision denial rate-6.59 pts vs state
63.3%Origination rate+3.76 pts vs state
7.25%Median rate+0.63 pts vs state
1.00Rate spread (pts)+0.78 pts vs state
$224kMedian applicant income
193Loans originated
31Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 115 | 57 | 23.5% | 8.63% | #246 |
| 2024 | 86 | 40 | 5.8% | 7.81% | #298 |
| 2025 | 305 | 193 | 10.2% | 7.25% | #159 |
What Commerce Home Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 42 | 21 | 5 | 11.9% |
| Lynchburg city | 26 | 16 | 2 | 7.7% |
| Prince William County | 24 | 17 | 2 | 8.3% |
| Loudoun County | 22 | 13 | 2 | 9.1% |
| Chesterfield County | 21 | 14 | 2 | 9.5% |
| Henrico County | 14 | 11 | 0 | 0.0% |
| Virginia Beach city | 11 | 9 | 0 | 0.0% |
| Spotsylvania County | 8 | 5 | 2 | 25.0% |
| Stafford County | 7 | 5 | 0 | 0.0% |
| Richmond city | 7 | 4 | 2 | 28.6% |
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: 305 applications in 2025, of which 193 were originated and 31 denied.
10.2% of all applications, or 13.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Commerce Home Mortgage originated in Virginia in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Commerce Home Mortgage'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