Lafayette Federal Credit Union · Virginia · 2025

Lafayette Federal Credit Union in Virginia: approval rate, denial rate and rates (2025)

Lafayette Federal Credit Union took 177 mortgage applications in Virginia in 2025, ranking #216 of 1,013 lenders active in the state. It originated 72.3% of them and denied 15.8% (17.6% of the applications it decided), against a statewide denial rate of 15.9%.

177Applicationsin VA
17.6%Decision denial ratestate 20.3%
7.50%Median ratestate 6.63%
$245,000Median loanstate $255,000
$37MVolume26 counties

Lafayette Federal Credit Union in Virginia vs the state

15.8%Denial rate-0.12 pts vs state
17.6%Decision denial rate-2.64 pts vs state
72.3%Origination rate+12.80 pts vs state
7.50%Median rate+0.88 pts vs state
0.40Rate spread (pts)+0.18 pts vs state
$215kMedian applicant income
128Loans originated
28Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023775418.2%8.25%#296
20241388718.8%9.00%#238
202517712815.8%7.50%#216

What Lafayette Federal Credit Union lends in Virginia

By loan purpose

Home purchase 34 19% · 11.8% denied
Refinance 8 5% · 37.5% denied
Cash-out refinance 48 27% · 10.4% denied
Home improvement 28 16% · 3.6% denied
Other / HELOC 59 33% · 25.4% denied

By loan type

Conventional 177 100% · 15.8% denied

Why it denied Virginia applicants

Debt-to-income ratio 10 36%
Credit history 8 29%
Collateral 7 25%
Other 1 4%
Employment history 1 4%
Unverifiable information 1 4%

Where in Virginia

Counties with the most Lafayette Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 674710 14.9%
Prince William County 25195 20.0%
Loudoun County 24164 16.7%
Arlington County 1081 10.0%
Alexandria city 750 0.0%
Chesterfield County 550 0.0%
Stafford County 514 80.0%
Augusta County 440 0.0%
Manassas city 440 0.0%
Henrico County 311 33.3%

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: 177 applications in 2025, of which 128 were originated and 28 denied.

15.8% of all applications, or 17.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Lafayette Federal Credit Union originated in Virginia in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Lafayette Federal Credit Union'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