Flagstar Bank in Virginia vs the state
36.3%Denial rate+20.32 pts vs state
43.1%Decision denial rate+22.81 pts vs state
46.2%Origination rate-13.32 pts vs state
6.38%Median rate-0.25 pts vs state
0.10Rate spread (pts)-0.12 pts vs state
$124kMedian applicant income
79Loans originated
62Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 705 | 364 | 24.7% | 7.13% | #82 |
| 2024 | 670 | 332 | 26.3% | 6.63% | #87 |
| 2025 | 171 | 79 | 36.3% | 6.38% | #221 |
What Flagstar Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 21 | 10 | 9 | 42.9% |
| Loudoun County | 16 | 9 | 3 | 18.8% |
| Chesterfield County | 15 | 9 | 5 | 33.3% |
| Prince William County | 13 | 5 | 6 | 46.2% |
| Virginia Beach city | 8 | 5 | 2 | 25.0% |
| Stafford County | 7 | 2 | 3 | 42.9% |
| Spotsylvania County | 4 | 1 | 1 | 25.0% |
| Hanover County | 4 | 1 | 3 | 75.0% |
| Arlington County | 4 | 1 | 2 | 50.0% |
| Norfolk city | 4 | 1 | 3 | 75.0% |
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: 171 applications in 2025, of which 79 were originated and 62 denied.
36.3% of all applications, or 43.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Flagstar Bank originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Flagstar 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