Credit Union Mortgage Association · Virginia · 2025

Credit Union Mortgage Association in Virginia: approval rate, denial rate and rates (2025)

Credit Union Mortgage Association took 393 mortgage applications in Virginia in 2025, ranking #130 of 1,013 lenders active in the state. It originated 57.5% of them and denied 4.6% (7.3% of the applications it decided), against a statewide denial rate of 15.9%.

393Applicationsin VA
7.3%Decision denial ratestate 20.3%
5.88%Median ratestate 6.63%
$385,000Median loanstate $255,000
$105MVolume61 counties

Credit Union Mortgage Association in Virginia vs the state

4.6%Denial rate-11.36 pts vs state
7.3%Decision denial rate-12.93 pts vs state
57.5%Origination rate-2.01 pts vs state
5.88%Median rate-0.75 pts vs state
-0.52Rate spread (pts)-0.74 pts vs state
$161kMedian applicant income
226Loans originated
18Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233391999.1%5.75%#136
20243021579.9%6.00%#155
20253932264.6%5.88%#130

What Credit Union Mortgage Association lends in Virginia

By loan purpose

Home purchase 225 57% · 2.2% denied
Refinance 89 23% · 3.4% denied
Cash-out refinance 74 19% · 13.5% denied
Home improvement 5 1% · 0.0% denied

By loan type

Conventional 372 95% · 4.3% denied
FHA 12 3% · 8.3% denied
VA 7 2% · 0.0% denied
USDA / RHS 2 1% · 50.0% denied

Why it denied Virginia applicants

Credit history 9 50%
Debt-to-income ratio 6 33%
Insufficient cash 1 6%
Other 1 6%
Collateral 1 6%

Where in Virginia

Counties with the most Credit Union Mortgage Association applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 83532 2.4%
Loudoun County 38221 2.6%
Henrico County 38202 5.3%
Arlington County 36220 0.0%
Alexandria city 26140 0.0%
Prince William County 19110 0.0%
Richmond city 1875 27.8%
Chesterfield County 1261 8.3%
Warren County 1061 10.0%
King George County 860 0.0%

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: 393 applications in 2025, of which 226 were originated and 18 denied.

4.6% of all applications, or 7.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Credit Union Mortgage Association originated in Virginia in 2025 was 5.88%, against a statewide median of 6.63%.

About this data. Figures are Credit Union Mortgage Association'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