Fay Servicing in Virginia vs the state
25.9%Denial rate+9.99 pts vs state
30.4%Decision denial rate+10.18 pts vs state
51.9%Origination rate-7.67 pts vs state
7.43%Median rate+0.80 pts vs state
0.06Rate spread (pts)-0.16 pts vs state
$83kMedian applicant income
28Loans originated
14Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 94 | 77 | 1.1% | 8.00% | #274 |
| 2024 | 118 | 102 | 2.5% | 7.75% | #261 |
| 2025 | 54 | 28 | 25.9% | 7.43% | #367 |
What Fay Servicing lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Fay Servicing applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Danville city | 5 | 5 | 0 | 0.0% |
| Petersburg city | 4 | 3 | 1 | 25.0% |
| Richmond city | 4 | 3 | 1 | 25.0% |
| Fairfax County | 3 | 2 | 1 | 33.3% |
| Chesterfield County | 3 | 0 | 1 | 33.3% |
| Prince William County | 3 | 0 | 1 | 33.3% |
| Hampton city | 3 | 1 | 2 | 66.7% |
| Henrico County | 3 | 3 | 0 | 0.0% |
| Suffolk city | 2 | 0 | 1 | 50.0% |
| Roanoke city | 2 | 0 | 1 | 50.0% |
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: 54 applications in 2025, of which 28 were originated and 14 denied.
25.9% of all applications, or 30.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Fay Servicing originated in Virginia in 2025 was 7.43%, against a statewide median of 6.63%.
About this data. Figures are Fay Servicing'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