First Horizon Bank in Virginia vs the state
26.9%Denial rate+10.96 pts vs state
28.9%Decision denial rate+8.64 pts vs state
61.4%Origination rate+1.86 pts vs state
7.25%Median rate+0.63 pts vs state
0.16Rate spread (pts)-0.07 pts vs state
$86kMedian applicant income
89Loans originated
39Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 241 | 144 | 27.8% | 5.38% | #169 |
| 2024 | 169 | 94 | 34.3% | 8.26% | #221 |
| 2025 | 145 | 89 | 26.9% | 7.25% | #247 |
What First Horizon Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most First Horizon Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Henry County | 25 | 12 | 11 | 44.0% |
| Franklin County | 22 | 14 | 7 | 31.8% |
| Accomack County | 13 | 6 | 5 | 38.5% |
| Halifax County | 9 | 6 | 1 | 11.1% |
| Virginia Beach city | 9 | 6 | 1 | 11.1% |
| Northampton County | 8 | 5 | 2 | 25.0% |
| Patrick County | 8 | 5 | 3 | 37.5% |
| Bristol city | 7 | 4 | 2 | 28.6% |
| Martinsville city | 7 | 3 | 4 | 57.1% |
| Washington County | 6 | 3 | 1 | 16.7% |
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: 145 applications in 2025, of which 89 were originated and 39 denied.
26.9% of all applications, or 28.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans First Horizon Bank originated in Virginia in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are First Horizon 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