Foundation Mortgage in Virginia vs the state
25.9%Denial rate+9.99 pts vs state
26.9%Decision denial rate+6.67 pts vs state
44.4%Origination rate-15.08 pts vs state
7.56%Median rate+0.94 pts vs state
1.43Rate spread (pts)+1.21 pts vs state
$165kMedian applicant income
12Loans originated
7Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 12 | 5 | 16.7% | 8.00% | #538 |
| 2025 | 27 | 12 | 25.9% | 7.56% | #460 |
What Foundation Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Henrico County | 3 | 1 | 2 | 66.7% |
| Prince William County | 2 | 2 | 0 | 0.0% |
| Loudoun County | 2 | 0 | 0 | 0.0% |
| Virginia Beach city | 2 | 2 | 0 | 0.0% |
| Petersburg city | 1 | 0 | 0 | 0.0% |
| Chesapeake city | 1 | 1 | 0 | 0.0% |
| Northampton County | 1 | 0 | 1 | 100.0% |
| Accomack County | 1 | 0 | 0 | 0.0% |
| Nelson County | 1 | 0 | 0 | 0.0% |
| Stafford County | 1 | 0 | 1 | 100.0% |
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: 27 applications in 2025, of which 12 were originated and 7 denied.
25.9% of all applications, or 26.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Foundation Mortgage originated in Virginia in 2025 was 7.56%, against a statewide median of 6.63%.
About this data. Figures are Foundation 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