First Equity Mortgage in Virginia vs the state
19.4%Denial rate+3.41 pts vs state
31.6%Decision denial rate+11.33 pts vs state
41.9%Origination rate-17.58 pts vs state
6.13%Median rate-0.50 pts vs state
-0.02Rate spread (pts)-0.24 pts vs state
$162kMedian applicant income
65Loans originated
30Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 136 | 46 | 18.4% | 5.93% | #231 |
| 2024 | 209 | 80 | 10.5% | 6.13% | #197 |
| 2025 | 155 | 65 | 19.4% | 6.13% | #237 |
What First Equity Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most First Equity Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Prince William County | 58 | 27 | 10 | 17.2% |
| Stafford County | 45 | 19 | 12 | 26.7% |
| Manassas city | 23 | 10 | 6 | 26.1% |
| Loudoun County | 13 | 3 | 1 | 7.7% |
| Spotsylvania County | 12 | 6 | 0 | 0.0% |
| Fredericksburg city | 4 | 0 | 1 | 25.0% |
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: 155 applications in 2025, of which 65 were originated and 30 denied.
19.4% of all applications, or 31.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans First Equity Mortgage originated in Virginia in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are First Equity Mortgage'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