F & M Bank in Virginia vs the state
2.8%Denial rate-13.10 pts vs state
3.5%Decision denial rate-16.80 pts vs state
71.6%Origination rate+12.03 pts vs state
6.50%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.07 pts vs state
$99kMedian applicant income
327Loans originated
13Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 510 | 374 | 4.9% | 6.86% | #99 |
| 2024 | 482 | 349 | 4.2% | 7.00% | #113 |
| 2025 | 457 | 327 | 2.8% | 6.50% | #121 |
What F & M Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most F & M Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Rockingham County | 197 | 137 | 9 | 4.6% |
| Augusta County | 56 | 38 | 1 | 1.8% |
| Harrisonburg city | 50 | 41 | 1 | 2.0% |
| Shenandoah County | 36 | 26 | 2 | 5.6% |
| Page County | 19 | 16 | 0 | 0.0% |
| Waynesboro city | 16 | 12 | 0 | 0.0% |
| Frederick County | 11 | 10 | 0 | 0.0% |
| Staunton city | 9 | 7 | 0 | 0.0% |
| Winchester city | 6 | 5 | 0 | 0.0% |
| Albemarle County | 6 | 5 | 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: 457 applications in 2025, of which 327 were originated and 13 denied.
2.8% of all applications, or 3.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans F & M Bank originated in Virginia in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are F & M 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