First Bank in Virginia vs the state
15.6%Denial rate-0.37 pts vs state
17.0%Decision denial rate-3.25 pts vs state
71.1%Origination rate+11.59 pts vs state
—Median rate
—Rate spread (pts)
$94kMedian applicant income
347Loans originated
76Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 513 | 345 | 18.7% | — | #98 |
| 2024 | 450 | 303 | 19.1% | — | #116 |
| 2025 | 488 | 347 | 15.6% | — | #115 |
What First Bank lends in Virginia
By loan purpose
By loan type
Where in Virginia
Counties with the most First Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Shenandoah County | 104 | 66 | 14 | 13.5% |
| Frederick County | 63 | 50 | 10 | 15.9% |
| Botetourt County | 28 | 15 | 6 | 21.4% |
| Warren County | 27 | 21 | 3 | 11.1% |
| Dinwiddie County | 21 | 13 | 5 | 23.8% |
| Richmond city | 20 | 20 | 0 | 0.0% |
| Henrico County | 19 | 17 | 1 | 5.3% |
| Chesterfield County | 18 | 11 | 4 | 22.2% |
| Winchester city | 15 | 9 | 6 | 40.0% |
| Staunton city | 14 | 13 | 1 | 7.1% |
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: 488 applications in 2025, of which 347 were originated and 76 denied.
15.6% of all applications, or 17.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are First 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