Commonwealth One in Virginia vs the state
23.8%Denial rate+7.87 pts vs state
25.0%Decision denial rate+4.75 pts vs state
63.5%Origination rate+3.97 pts vs state
6.81%Median rate+0.18 pts vs state
0.92Rate spread (pts)+0.70 pts vs state
$136kMedian applicant income
80Loans originated
30Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 221 | 168 | 15.4% | 5.89% | #176 |
| 2024 | 136 | 77 | 39.0% | 7.39% | #240 |
| 2025 | 126 | 80 | 23.8% | 6.81% | #261 |
What Commonwealth One lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Commonwealth One applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 28 | 16 | 9 | 32.1% |
| Rockingham County | 24 | 17 | 5 | 20.8% |
| Prince William County | 13 | 9 | 3 | 23.1% |
| Harrisonburg city | 10 | 5 | 4 | 40.0% |
| Alexandria city | 8 | 5 | 1 | 12.5% |
| Stafford County | 6 | 5 | 1 | 16.7% |
| Loudoun County | 6 | 3 | 3 | 50.0% |
| Shenandoah County | 5 | 4 | 0 | 0.0% |
| Spotsylvania County | 3 | 0 | 1 | 33.3% |
| Greene County | 3 | 2 | 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: 126 applications in 2025, of which 80 were originated and 30 denied.
23.8% of all applications, or 25.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Commonwealth One originated in Virginia in 2025 was 6.81%, against a statewide median of 6.63%.
About this data. Figures are Commonwealth One'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