First Home Mortgage in Virginia vs the state
1.4%Denial rate-14.50 pts vs state
1.8%Decision denial rate-18.50 pts vs state
80.6%Origination rate+21.06 pts vs state
6.63%Median rate0.00 pts vs state
0.26Rate spread (pts)+0.04 pts vs state
$156kMedian applicant income
448Loans originated
8Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 598 | 486 | 2.8% | 6.63% | #89 |
| 2024 | 598 | 480 | 2.8% | 6.63% | #95 |
| 2025 | 556 | 448 | 1.4% | 6.63% | #107 |
What First Home Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most First Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 147 | 115 | 4 | 2.7% |
| Alexandria city | 56 | 43 | 0 | 0.0% |
| Arlington County | 53 | 45 | 1 | 1.9% |
| Chesterfield County | 43 | 36 | 0 | 0.0% |
| Prince William County | 34 | 28 | 1 | 2.9% |
| Loudoun County | 31 | 23 | 0 | 0.0% |
| Richmond city | 23 | 19 | 0 | 0.0% |
| Henrico County | 20 | 19 | 0 | 0.0% |
| King George County | 10 | 8 | 0 | 0.0% |
| Portsmouth city | 8 | 7 | 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: 556 applications in 2025, of which 448 were originated and 8 denied.
1.4% of all applications, or 1.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans First Home Mortgage originated in Virginia in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are First Home 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