Loan Simple in Virginia vs the state
11.3%Denial rate-4.62 pts vs state
14.8%Decision denial rate-5.44 pts vs state
65.1%Origination rate+5.57 pts vs state
6.99%Median rate+0.37 pts vs state
1.17Rate spread (pts)+0.95 pts vs state
$91kMedian applicant income
69Loans originated
12Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 83 | 36 | 9.6% | 7.25% | #287 |
| 2024 | 97 | 49 | 4.1% | 7.13% | #284 |
| 2025 | 106 | 69 | 11.3% | 6.99% | #286 |
What Loan Simple lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Loan Simple applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Stafford County | 8 | 4 | 1 | 12.5% |
| Virginia Beach city | 8 | 4 | 3 | 37.5% |
| Spotsylvania County | 7 | 3 | 1 | 14.3% |
| Portsmouth city | 5 | 4 | 1 | 20.0% |
| Caroline County | 4 | 3 | 1 | 25.0% |
| Isle of Wight County | 4 | 2 | 0 | 0.0% |
| Amherst County | 3 | 3 | 0 | 0.0% |
| Louisa County | 3 | 1 | 0 | 0.0% |
| Hampton city | 3 | 1 | 0 | 0.0% |
| Chesterfield County | 3 | 1 | 0 | 0.0% |
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: 106 applications in 2025, of which 69 were originated and 12 denied.
11.3% of all applications, or 14.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Loan Simple originated in Virginia in 2025 was 6.99%, against a statewide median of 6.63%.
About this data. Figures are Loan Simple'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