First Bancorp in Virginia vs the state
4.9%Denial rate-11.00 pts vs state
5.3%Decision denial rate-15.00 pts vs state
82.1%Origination rate+22.56 pts vs state
7.38%Median rate+0.75 pts vs state
0.55Rate spread (pts)+0.33 pts vs state
$114kMedian applicant income
765Loans originated
46Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 839 | 704 | 4.9% | 7.75% | #77 |
| 2024 | 809 | 696 | 5.4% | 7.99% | #83 |
| 2025 | 932 | 765 | 4.9% | 7.38% | #83 |
What First Bancorp lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most First Bancorp applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Washington County | 152 | 125 | 8 | 5.3% |
| Augusta County | 67 | 60 | 1 | 1.5% |
| Montgomery County | 67 | 55 | 8 | 11.9% |
| Bedford County | 66 | 55 | 1 | 1.5% |
| Russell County | 40 | 34 | 1 | 2.5% |
| Wise County | 39 | 27 | 3 | 7.7% |
| Lynchburg city | 32 | 29 | 0 | 0.0% |
| Rockingham County | 32 | 30 | 0 | 0.0% |
| Bristol city | 32 | 28 | 2 | 6.3% |
| Wythe County | 29 | 19 | 3 | 10.3% |
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: 932 applications in 2025, of which 765 were originated and 46 denied.
4.9% of all applications, or 5.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans First Bancorp originated in Virginia in 2025 was 7.38%, against a statewide median of 6.63%.
About this data. Figures are First Bancorp'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