Figure Lending in Virginia vs the state
21.6%Denial rate+5.66 pts vs state
22.6%Decision denial rate+2.39 pts vs state
48.6%Origination rate-10.88 pts vs state
8.90%Median rate+2.28 pts vs state
2.47Rate spread (pts)+2.25 pts vs state
$122kMedian applicant income
1,180Loans originated
524Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,004 | 826 | 30.6% | 10.90% | #35 |
| 2024 | 2,437 | 1,112 | 26.0% | 10.60% | #31 |
| 2025 | 2,426 | 1,180 | 21.6% | 8.90% | #35 |
What Figure Lending lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 263 | 116 | 63 | 24.0% |
| Loudoun County | 170 | 88 | 29 | 17.1% |
| Prince William County | 164 | 74 | 35 | 21.3% |
| Virginia Beach city | 142 | 82 | 20 | 14.1% |
| Chesterfield County | 127 | 65 | 27 | 21.3% |
| Henrico County | 126 | 56 | 29 | 23.0% |
| Spotsylvania County | 93 | 43 | 25 | 26.9% |
| Chesapeake city | 69 | 39 | 17 | 24.6% |
| Stafford County | 64 | 35 | 12 | 18.8% |
| Frederick County | 42 | 23 | 10 | 23.8% |
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: 2,426 applications in 2025, of which 1,180 were originated and 524 denied.
21.6% of all applications, or 22.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Figure Lending originated in Virginia in 2025 was 8.90%, against a statewide median of 6.63%.
About this data. Figures are Figure Lending'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