Milend in Virginia vs the state
10.4%Denial rate-5.51 pts vs state
24.6%Decision denial rate+4.30 pts vs state
29.3%Origination rate-30.26 pts vs state
6.25%Median rate-0.38 pts vs state
0.24Rate spread (pts)+0.02 pts vs state
$82kMedian applicant income
115Loans originated
41Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 425 | 118 | 12.0% | 6.63% | #115 |
| 2024 | 410 | 139 | 7.1% | 6.50% | #124 |
| 2025 | 393 | 115 | 10.4% | 6.25% | #129 |
What Milend lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Milend applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Prince William County | 30 | 5 | 5 | 16.7% |
| Chesterfield County | 19 | 3 | 3 | 15.8% |
| Henrico County | 18 | 4 | 2 | 11.1% |
| Fairfax County | 15 | 5 | 1 | 6.7% |
| Virginia Beach city | 15 | 6 | 1 | 6.7% |
| Hampton city | 14 | 4 | 2 | 14.3% |
| Petersburg city | 14 | 2 | 1 | 7.1% |
| Norfolk city | 12 | 2 | 3 | 25.0% |
| Suffolk city | 12 | 2 | 0 | 0.0% |
| Chesapeake city | 11 | 2 | 3 | 27.3% |
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: 393 applications in 2025, of which 115 were originated and 41 denied.
10.4% of all applications, or 24.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Milend originated in Virginia in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Milend'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