Freedom Mortgage in Virginia vs the state
6.5%Denial rate-9.49 pts vs state
10.6%Decision denial rate-9.63 pts vs state
45.4%Origination rate-14.11 pts vs state
6.25%Median rate-0.38 pts vs state
-0.11Rate spread (pts)-0.33 pts vs state
$115kMedian applicant income
3,646Loans originated
518Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,187 | 965 | 13.4% | 6.75% | #32 |
| 2024 | 6,184 | 3,250 | 7.5% | 6.25% | #8 |
| 2025 | 8,029 | 3,646 | 6.5% | 6.25% | #7 |
What Freedom Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Freedom Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 688 | 327 | 36 | 5.2% |
| Chesapeake city | 594 | 281 | 37 | 6.2% |
| Prince William County | 536 | 212 | 28 | 5.2% |
| Fairfax County | 502 | 192 | 23 | 4.6% |
| Chesterfield County | 458 | 215 | 27 | 5.9% |
| Norfolk city | 384 | 182 | 32 | 8.3% |
| Stafford County | 295 | 150 | 13 | 4.4% |
| Suffolk city | 280 | 166 | 18 | 6.4% |
| Loudoun County | 279 | 116 | 15 | 5.4% |
| Henrico County | 266 | 121 | 20 | 7.5% |
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% |
| 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% |
| Vanderbilt Mortgage and Finance | F | 5,850 | 40.0% | 9.25% |
Frequently asked questions
Virginia: 8,029 applications in 2025, of which 3,646 were originated and 518 denied.
6.5% of all applications, or 10.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Freedom Mortgage originated in Virginia in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Freedom 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