Equity Prime Mortgage · Virginia · 2025

Equity Prime Mortgage in Virginia: approval rate, denial rate and rates (2025)

Equity Prime Mortgage took 862 mortgage applications in Virginia in 2025, ranking #86 of 1,013 lenders active in the state. It originated 36.5% of them and denied 12.9% (26.0% of the applications it decided), against a statewide denial rate of 15.9%.

862Applicationsin VA
26.0%Decision denial ratestate 20.3%
6.63%Median ratestate 6.63%
$305,000Median loanstate $255,000
$106MVolume105 counties

Equity Prime Mortgage in Virginia vs the state

12.9%Denial rate-3.06 pts vs state
26.0%Decision denial rate+5.75 pts vs state
36.5%Origination rate-22.98 pts vs state
6.63%Median rate0.00 pts vs state
0.21Rate spread (pts)-0.01 pts vs state
$92kMedian applicant income
315Loans originated
111Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023167934.8%6.75%#207
20243001847.0%6.75%#157
202586231512.9%6.63%#86

What Equity Prime Mortgage lends in Virginia

By loan purpose

Home purchase 181 21% · 11.6% denied
Refinance 75 9% · 2.7% denied
Cash-out refinance 606 70% · 14.5% denied

By loan type

Conventional 19 2% · 5.3% denied
FHA 426 49% · 11.3% denied
VA 408 47% · 14.7% denied
USDA / RHS 9 1% · 22.2% denied

Why it denied Virginia applicants

Credit history 57 51%
Debt-to-income ratio 24 22%
Other 21 19%
Insufficient cash 3 3%
Unverifiable information 2 2%
Collateral 2 2%
Employment history 1 1%
Incomplete application 1 1%

Where in Virginia

Counties with the most Equity Prime Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Virginia Beach city 652110 15.4%
Chesapeake city 51256 11.8%
Chesterfield County 47203 6.4%
Prince William County 43108 18.6%
Newport News city 38143 7.9%
Hampton city 36185 13.9%
Henrico County 3255 15.6%
Norfolk city 29131 3.4%
Suffolk city 2782 7.4%
Portsmouth city 2664 15.4%

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: 862 applications in 2025, of which 315 were originated and 111 denied.

12.9% of all applications, or 26.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Equity Prime Mortgage originated in Virginia in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Equity Prime 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