Finance of America Reverse in Virginia vs the state
10.5%Denial rate-5.43 pts vs state
12.4%Decision denial rate-7.81 pts vs state
73.5%Origination rate+14.02 pts vs state
6.25%Median rate-0.38 pts vs state
—Rate spread (pts)
$32kMedian applicant income
189Loans originated
27Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 222 | 149 | 14.9% | 7.64% | #175 |
| 2024 | 266 | 199 | 7.1% | 7.14% | #172 |
| 2025 | 257 | 189 | 10.5% | 6.25% | #181 |
What Finance of America Reverse lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 34 | 26 | 4 | 11.8% |
| Prince William County | 14 | 10 | 1 | 7.1% |
| Loudoun County | 13 | 11 | 1 | 7.7% |
| Richmond city | 12 | 6 | 4 | 33.3% |
| Henrico County | 12 | 9 | 1 | 8.3% |
| Chesterfield County | 11 | 10 | 1 | 9.1% |
| Virginia Beach city | 10 | 8 | 2 | 20.0% |
| Frederick County | 10 | 9 | 0 | 0.0% |
| Arlington County | 9 | 7 | 2 | 22.2% |
| Roanoke city | 7 | 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: 257 applications in 2025, of which 189 were originated and 27 denied.
10.5% of all applications, or 12.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Finance of America Reverse originated in Virginia in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Finance of America Reverse'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