Loan Funder in Virginia vs the state
12.7%Denial rate-3.25 pts vs state
20.9%Decision denial rate+0.61 pts vs state
48.1%Origination rate-11.39 pts vs state
9.75%Median rate+3.13 pts vs state
—Rate spread (pts)
—Median applicant income
129Loans originated
34Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 103 | 50 | 5.8% | 10.75% | #261 |
| 2024 | 278 | 137 | 6.8% | 8.75% | #167 |
| 2025 | 268 | 129 | 12.7% | 9.75% | #176 |
What Loan Funder lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Loan Funder applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Petersburg city | 19 | 14 | 0 | 0.0% |
| Norfolk city | 19 | 14 | 2 | 10.5% |
| Portsmouth city | 18 | 10 | 0 | 0.0% |
| Danville city | 18 | 10 | 2 | 11.1% |
| Roanoke city | 17 | 14 | 0 | 0.0% |
| Richmond city | 14 | 5 | 1 | 7.1% |
| Fairfax County | 12 | 5 | 1 | 8.3% |
| Henrico County | 9 | 5 | 0 | 0.0% |
| Chesterfield County | 8 | 4 | 1 | 12.5% |
| Virginia Beach city | 8 | 2 | 4 | 50.0% |
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: 268 applications in 2025, of which 129 were originated and 34 denied.
12.7% of all applications, or 20.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Loan Funder originated in Virginia in 2025 was 9.75%, against a statewide median of 6.63%.
About this data. Figures are Loan Funder'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