First National Bank · Virginia · 2025

First National Bank in Virginia: approval rate, denial rate and rates (2025)

First National Bank took 179 mortgage applications in Virginia in 2025, ranking #215 of 1,013 lenders active in the state. It originated 83.8% of them and denied 8.4% (9.0% of the applications it decided), against a statewide denial rate of 15.9%.

179Applicationsin VA
9.0%Decision denial ratestate 20.3%
Median ratestate 6.63%
$105,000Median loanstate $255,000
$36MVolume17 counties

First National Bank in Virginia vs the state

8.4%Denial rate-7.56 pts vs state
9.0%Decision denial rate-11.21 pts vs state
83.8%Origination rate+24.28 pts vs state
Median rate
Rate spread (pts)
$86kMedian applicant income
150Loans originated
15Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231881429.6%#196
20241931537.8%#208
20251791508.4%#215

What First National Bank lends in Virginia

By loan purpose

Home purchase 96 54% · 4.2% denied
Refinance 52 29% · 5.8% denied
Home improvement 14 8% · 21.4% denied
Other / HELOC 17 9% · 29.4% denied

By loan type

Conventional 179 100% · 8.4% denied

Why it denied Virginia applicants

Debt-to-income ratio 6 43%
Credit history 5 36%
Unverifiable information 1 7%
Other 1 7%
Collateral 1 7%

Where in Virginia

Counties with the most First National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Danville city 47461 2.1%
Pittsylvania County 45324 8.9%
Campbell County 40316 15.0%
Lynchburg city 11100 0.0%
Bedford County 1091 10.0%
Amherst County 862 25.0%
Halifax County 330 0.0%
Nelson County 330 0.0%
Appomattox County 220 0.0%
Henry County 211 50.0%

Other large lenders in Virginia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 19,39519.3%7.75%
Rocket MortgageC 19,27414.8%6.63%
United Shore Financial ServicesB 13,99410.4%6.12%
Truist BankC 11,83831.6%6.49%
Mortgage Research CenterC 9,00016.7%6.25%
Pennymac Loan ServicesC 8,33410.7%6.38%
Freedom MortgageB 8,0296.5%6.25%
Bank of AmericaF 6,58431.9%6.24%
NewrezD 6,39016.4%6.38%
Movement MortgageA 6,1264.3%6.56%

Frequently asked questions

Virginia: 179 applications in 2025, of which 150 were originated and 15 denied.

8.4% of all applications, or 9.0% 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 National 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