Homexpress Mortgage · Virginia · 2025

Homexpress Mortgage in Virginia: approval rate, denial rate and rates (2025)

Homexpress Mortgage took 242 mortgage applications in Virginia in 2025, ranking #187 of 1,013 lenders active in the state. It originated 59.1% of them and denied 40.5% (40.5% of the applications it decided), against a statewide denial rate of 15.9%.

242Applicationsin VA
40.5%Decision denial ratestate 20.3%
7.50%Median ratestate 6.63%
$255,000Median loanstate $255,000
$47MVolume63 counties

Homexpress Mortgage in Virginia vs the state

40.5%Denial rate+24.56 pts vs state
40.5%Decision denial rate+20.25 pts vs state
59.1%Origination rate-0.43 pts vs state
7.50%Median rate+0.88 pts vs state
1.22Rate spread (pts)+1.00 pts vs state
$199kMedian applicant income
143Loans originated
98Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231067032.1%8.50%#256
20241447743.1%8.00%#233
202524214340.5%7.50%#187

What Homexpress Mortgage lends in Virginia

By loan purpose

Home purchase 58 24% · 36.2% denied
Refinance 19 8% · 31.6% denied
Cash-out refinance 165 68% · 43.0% denied

By loan type

Conventional 237 98% · 40.1% denied
FHA 3 1% · 66.7% denied
VA 2 1% · 50.0% denied

Why it denied Virginia applicants

Credit history 77 79%
Collateral 12 12%
Debt-to-income ratio 4 4%
Insufficient cash 3 3%
Unverifiable information 1 1%
Incomplete application 1 1%

Where in Virginia

Counties with the most Homexpress Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 17125 29.4%
Richmond city 15105 33.3%
Virginia Beach city 1596 40.0%
Fauquier County 14212 85.7%
Roanoke city 1147 63.6%
Loudoun County 972 22.2%
Henrico County 963 33.3%
Danville city 871 12.5%
Norfolk city 834 50.0%
Petersburg city 844 50.0%

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: 242 applications in 2025, of which 143 were originated and 98 denied.

40.5% of all applications, or 40.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Homexpress Mortgage originated in Virginia in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Homexpress 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