Instamortgage · Virginia · 2025

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

Instamortgage took 88 mortgage applications in Virginia in 2025, ranking #302 of 1,013 lenders active in the state. It originated 84.1% of them and denied 4.6% (4.9% of the applications it decided), against a statewide denial rate of 15.9%.

88Applicationsin VA
4.9%Decision denial ratestate 20.3%
6.13%Median ratestate 6.63%
$475,000Median loanstate $255,000
$36MVolume17 counties

Instamortgage in Virginia vs the state

4.6%Denial rate-11.39 pts vs state
4.9%Decision denial rate-15.31 pts vs state
84.1%Origination rate+24.57 pts vs state
6.13%Median rate-0.50 pts vs state
-0.03Rate spread (pts)-0.25 pts vs state
$134kMedian applicant income
74Loans originated
4Denied

What Instamortgage lends in Virginia

By loan purpose

Home purchase 77 88% · 5.2% denied
Refinance 6 7% · 0.0% denied
Cash-out refinance 5 6% · 0.0% denied

By loan type

Conventional 66 75% · 6.1% denied
FHA 10 11% · 0.0% denied
VA 12 14% · 0.0% denied

Why it denied Virginia applicants

Debt-to-income ratio 2 50%
Collateral 1 25%
Other 1 25%

Where in Virginia

Counties with the most Instamortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 44362 4.5%
Prince William County 1291 8.3%
Chesterfield County 550 0.0%
Loudoun County 550 0.0%
Alexandria city 321 33.3%
Franklin County 220 0.0%
Fairfax city 220 0.0%
Manassas Park city 220 0.0%
Henrico County 220 0.0%
Arlington County 110 0.0%

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: 88 applications in 2025, of which 74 were originated and 4 denied.

4.6% of all applications, or 4.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Instamortgage originated in Virginia in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are Instamortgage'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