JPMorgan Chase Bank · Virginia · 2025

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

JPMorgan Chase Bank took 2,186 mortgage applications in Virginia in 2025, ranking #40 of 1,013 lenders active in the state. It originated 64.3% of them and denied 8.4% (11.4% of the applications it decided), against a statewide denial rate of 15.9%.

2.2kApplicationsin VA
11.4%Decision denial ratestate 20.3%
6.49%Median ratestate 6.63%
$325,000Median loanstate $255,000
$865MVolume118 counties

JPMorgan Chase Bank in Virginia vs the state

8.4%Denial rate-7.52 pts vs state
11.4%Decision denial rate-8.84 pts vs state
64.3%Origination rate+4.80 pts vs state
6.49%Median rate-0.13 pts vs state
0.00Rate spread (pts)-0.22 pts vs state
$140kMedian applicant income
1,406Loans originated
184Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,1177627.3%6.63%#57
20241,7761,2656.4%6.50%#44
20252,1861,4068.4%6.49%#40

What JPMorgan Chase Bank lends in Virginia

By loan purpose

Home purchase 1,430 65% · 6.2% denied
Refinance 292 13% · 7.9% denied
Cash-out refinance 265 12% · 14.0% denied
Home improvement 69 3% · 23.2% denied
Other / HELOC 130 6% · 15.4% denied

By loan type

Conventional 2,098 96% · 7.9% denied
FHA 47 2% · 34.0% denied
VA 41 2% · 4.9% denied

Why it denied Virginia applicants

Debt-to-income ratio 62 34%
Collateral 47 26%
Other 31 17%
Unverifiable information 19 10%
Credit history 16 9%
Employment history 8 4%
Insufficient cash 1 1%

Where in Virginia

Counties with the most JPMorgan Chase Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 36822825 6.8%
Richmond city 1571185 3.2%
Loudoun County 1488210 6.8%
Prince William County 1407815 10.7%
Henrico County 1401147 5.0%
Chesterfield County 1218414 11.6%
Arlington County 976210 10.3%
Virginia Beach city 87635 5.7%
Alexandria city 74493 4.1%
Norfolk city 63423 4.8%

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: 2,186 applications in 2025, of which 1,406 were originated and 184 denied.

8.4% of all applications, or 11.4% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

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

About this data. Figures are JPMorgan Chase 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