Mid-Continent Funding in Virginia vs the state
7.5%Denial rate-8.49 pts vs state
9.1%Decision denial rate-11.16 pts vs state
55.3%Origination rate-4.20 pts vs state
6.63%Median rate0.00 pts vs state
0.18Rate spread (pts)-0.04 pts vs state
$97kMedian applicant income
52Loans originated
7Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 62 | 45 | 1.6% | 6.25% | #327 |
| 2024 | 124 | 79 | 5.7% | 6.00% | #252 |
| 2025 | 94 | 52 | 7.5% | 6.63% | #294 |
What Mid-Continent Funding lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Mid-Continent Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Norfolk city | 8 | 2 | 1 | 12.5% |
| Hampton city | 7 | 6 | 0 | 0.0% |
| Virginia Beach city | 7 | 6 | 1 | 14.3% |
| Portsmouth city | 7 | 3 | 1 | 14.3% |
| Spotsylvania County | 5 | 2 | 0 | 0.0% |
| Stafford County | 4 | 1 | 0 | 0.0% |
| Mecklenburg County | 3 | 2 | 1 | 33.3% |
| Newport News city | 3 | 1 | 0 | 0.0% |
| Prince William County | 3 | 3 | 0 | 0.0% |
| Chesterfield County | 3 | 2 | 1 | 33.3% |
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: 94 applications in 2025, of which 52 were originated and 7 denied.
7.5% of all applications, or 9.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Mid-Continent Funding originated in Virginia in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Mid-Continent Funding'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