HomePromise in Virginia vs the state
42.4%Denial rate+26.45 pts vs state
78.0%Decision denial rate+57.75 pts vs state
12.0%Origination rate-47.56 pts vs state
6.88%Median rate+0.25 pts vs state
0.32Rate spread (pts)+0.10 pts vs state
$82kMedian applicant income
11Loans originated
39Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 137 | 7 | 55.5% | 7.75% | #228 |
| 2024 | 95 | 11 | 41.1% | 7.50% | #286 |
| 2025 | 92 | 11 | 42.4% | 6.88% | #295 |
What HomePromise lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most HomePromise applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Norfolk city | 10 | 1 | 7 | 70.0% |
| Chesapeake city | 7 | 1 | 2 | 28.6% |
| Virginia Beach city | 7 | 0 | 2 | 28.6% |
| Hampton city | 6 | 0 | 3 | 50.0% |
| Chesterfield County | 5 | 0 | 0 | 0.0% |
| Augusta County | 3 | 0 | 0 | 0.0% |
| Fairfax County | 3 | 2 | 0 | 0.0% |
| Newport News city | 3 | 0 | 3 | 100.0% |
| Petersburg city | 3 | 0 | 2 | 66.7% |
| Loudoun County | 3 | 1 | 1 | 33.3% |
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: 92 applications in 2025, of which 11 were originated and 39 denied.
42.4% of all applications, or 78.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans HomePromise originated in Virginia in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are HomePromise'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