First Option Mortgage in Virginia vs the state
12.1%Denial rate-3.82 pts vs state
14.8%Decision denial rate-5.44 pts vs state
63.6%Origination rate+4.12 pts vs state
6.88%Median rate+0.25 pts vs state
0.58Rate spread (pts)+0.36 pts vs state
$91kMedian applicant income
21Loans originated
4Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 29 | 13 | 10.3% | 7.25% | #433 |
| 2024 | 14 | 10 | 0.0% | 6.88% | #525 |
| 2025 | 33 | 21 | 12.1% | 6.88% | #431 |
What First Option Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most First Option Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 6 | 5 | 0 | 0.0% |
| Portsmouth city | 5 | 3 | 1 | 20.0% |
| Prince William County | 3 | 1 | 1 | 33.3% |
| Chesterfield County | 3 | 0 | 1 | 33.3% |
| Spotsylvania County | 2 | 1 | 1 | 50.0% |
| Norfolk city | 2 | 2 | 0 | 0.0% |
| Nelson County | 1 | 1 | 0 | 0.0% |
| Northumberland County | 1 | 0 | 0 | 0.0% |
| Albemarle County | 1 | 0 | 0 | 0.0% |
| Alexandria city | 1 | 0 | 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: 33 applications in 2025, of which 21 were originated and 4 denied.
12.1% of all applications, or 14.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans First Option Mortgage originated in Virginia in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are First Option 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