First Heritage Mortgage in Virginia vs the state
3.0%Denial rate-12.94 pts vs state
3.5%Decision denial rate-16.72 pts vs state
81.6%Origination rate+22.07 pts vs state
6.38%Median rate-0.25 pts vs state
0.07Rate spread (pts)-0.15 pts vs state
$144kMedian applicant income
2,637Loans originated
97Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,365 | 1,908 | 1.0% | 6.63% | #28 |
| 2024 | 3,108 | 2,635 | 0.9% | 6.50% | #20 |
| 2025 | 3,232 | 2,637 | 3.0% | 6.38% | #24 |
What First Heritage Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most First Heritage Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 509 | 419 | 12 | 2.4% |
| Henrico County | 374 | 290 | 11 | 2.9% |
| Prince William County | 367 | 312 | 12 | 3.3% |
| Chesterfield County | 314 | 245 | 14 | 4.5% |
| Loudoun County | 233 | 194 | 1 | 0.4% |
| Albemarle County | 135 | 117 | 1 | 0.7% |
| Alexandria city | 110 | 92 | 2 | 1.8% |
| Richmond city | 103 | 79 | 1 | 1.0% |
| Fluvanna County | 99 | 90 | 1 | 1.0% |
| Montgomery County | 72 | 66 | 1 | 1.4% |
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: 3,232 applications in 2025, of which 2,637 were originated and 97 denied.
3.0% of all applications, or 3.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans First Heritage Mortgage originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are First Heritage 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