Discover Bank in Virginia vs the state
52.4%Denial rate+36.42 pts vs state
76.4%Decision denial rate+56.18 pts vs state
15.6%Origination rate-43.97 pts vs state
8.83%Median rate+2.21 pts vs state
2.27Rate spread (pts)+2.05 pts vs state
$121kMedian applicant income
317Loans originated
1,067Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6,326 | 1,068 | 45.0% | 9.37% | #6 |
| 2024 | 6,424 | 1,254 | 49.0% | 8.86% | #7 |
| 2025 | 2,038 | 317 | 52.4% | 8.83% | #41 |
What Discover Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 227 | 38 | 120 | 52.9% |
| Loudoun County | 178 | 22 | 89 | 50.0% |
| Prince William County | 166 | 26 | 76 | 45.8% |
| Chesterfield County | 128 | 17 | 72 | 56.3% |
| Virginia Beach city | 87 | 10 | 43 | 49.4% |
| Chesapeake city | 84 | 18 | 39 | 46.4% |
| Henrico County | 78 | 8 | 47 | 60.3% |
| Stafford County | 69 | 11 | 33 | 47.8% |
| Spotsylvania County | 45 | 11 | 22 | 48.9% |
| Richmond city | 39 | 4 | 22 | 56.4% |
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: 2,038 applications in 2025, of which 317 were originated and 1,067 denied.
52.4% of all applications, or 76.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Discover Bank originated in Virginia in 2025 was 8.83%, against a statewide median of 6.63%.
About this data. Figures are Discover 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