Devon Bank · Virginia · 2025

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

Devon Bank took 15 mortgage applications in Virginia in 2025, ranking #527 of 1,013 lenders active in the state. It originated 60.0% of them and denied 6.7% (10.0% of the applications it decided), against a statewide denial rate of 15.9%.

15Applicationsin VA
10.0%Decision denial ratestate 20.3%
Median ratestate 6.63%
$585,000Median loanstate $255,000
$5.8MVolume7 counties

Devon Bank in Virginia vs the state

6.7%Denial rate-9.27 pts vs state
10.0%Decision denial rate-10.25 pts vs state
60.0%Origination rate+0.48 pts vs state
Median rate
Rate spread (pts)
$173kMedian applicant income
9Loans originated
1Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023860.0%7.25%#587
20241480.0%6.88%#524
20251596.7%#527

What Devon Bank lends in Virginia

By loan purpose

Home purchase 12 80% · 8.3% denied
Refinance 3 20% · 0.0% denied

By loan type

Conventional 15 100% · 6.7% denied

Where in Virginia

Counties with the most Devon Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 411 25.0%
Prince William County 420 0.0%
Loudoun County 220 0.0%
Spotsylvania County 210 0.0%
Fauquier County 110 0.0%
Manassas city 110 0.0%
Roanoke County 110 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: 15 applications in 2025, of which 9 were originated and 1 denied.

6.7% of all applications, or 10.0% 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 Devon 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