Fulton Bank · Virginia · 2025

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

Fulton Bank took 1,140 mortgage applications in Virginia in 2025, ranking #65 of 1,013 lenders active in the state. It originated 69.9% of them and denied 12.6% (15.1% of the applications it decided), against a statewide denial rate of 15.9%.

1.1kApplicationsin VA
15.1%Decision denial ratestate 20.3%
6.49%Median ratestate 6.63%
$355,000Median loanstate $255,000
$440MVolume85 counties

Fulton Bank in Virginia vs the state

12.6%Denial rate-3.31 pts vs state
15.1%Decision denial rate-5.14 pts vs state
69.9%Origination rate+10.39 pts vs state
6.49%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.08 pts vs state
$182kMedian applicant income
797Loans originated
144Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,16279513.8%6.38%#54
20241,13974813.3%6.75%#63
20251,14079712.6%6.49%#65

What Fulton Bank lends in Virginia

By loan purpose

Home purchase 749 66% · 6.8% denied
Refinance 125 11% · 10.4% denied
Cash-out refinance 24 2% · 37.5% denied
Home improvement 143 13% · 30.1% denied
Other / HELOC 99 9% · 28.3% denied

By loan type

Conventional 1,042 91% · 12.4% denied
FHA 77 7% · 16.9% denied
VA 21 2% · 9.5% denied

Why it denied Virginia applicants

Debt-to-income ratio 79 55%
Credit history 24 17%
Other 20 14%
Collateral 17 12%
Incomplete application 3 2%
Unverifiable information 1 1%

Where in Virginia

Counties with the most Fulton Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Albemarle County 103827 6.8%
Henrico County 98777 7.1%
Richmond city 85679 10.6%
Virginia Beach city 784712 15.4%
Fairfax County 70557 10.0%
Chesterfield County 56349 16.1%
Norfolk city 502414 28.0%
Chesapeake city 402011 27.5%
James City County 31213 9.7%
Loudoun County 311311 35.5%

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: 1,140 applications in 2025, of which 797 were originated and 144 denied.

12.6% of all applications, or 15.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Fulton Bank originated in Virginia in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are Fulton 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