FirstBank · Virginia · 2025

FirstBank in Virginia: approval rate, denial rate and rates (2025)

FirstBank took 10 mortgage applications in Virginia in 2025, ranking #562 of 1,013 lenders active in the state. It originated 70.0% of them and denied 20.0% (22.2% of the applications it decided), against a statewide denial rate of 15.9%.

10Applicationsin VA
22.2%Decision denial ratestate 20.3%
6.38%Median ratestate 6.63%
$410,000Median loanstate $255,000
$2.9MVolume9 counties

FirstBank in Virginia vs the state

20.0%Denial rate+4.06 pts vs state
22.2%Decision denial rate+1.97 pts vs state
70.0%Origination rate+10.48 pts vs state
6.38%Median rate-0.25 pts vs state
0.00Rate spread (pts)-0.22 pts vs state
$123kMedian applicant income
7Loans originated
2Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
202311718.2%6.88%#554
202415136.7%6.99%#516
202510720.0%6.38%#562

What FirstBank lends in Virginia

By loan purpose

Home purchase 6 60% · 16.7% denied
Refinance 2 20% · 0.0% denied
Cash-out refinance 2 20% · 50.0% denied

By loan type

Conventional 8 80% · 12.5% denied
VA 1 10% · 0.0% denied
USDA / RHS 1 10% · 100.0% denied

Why it denied Virginia applicants

Collateral 1 50%
Other 1 50%

Where in Virginia

Counties with the most FirstBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 210 0.0%
Dickenson County 101 100.0%
Staunton city 101 100.0%
Hampton city 110 0.0%
James City County 110 0.0%
Waynesboro city 110 0.0%
Bedford County 110 0.0%
Amelia County 110 0.0%
Pittsylvania County 110 0.0%

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: 10 applications in 2025, of which 7 were originated and 2 denied.

20.0% of all applications, or 22.2% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans FirstBank originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are FirstBank'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