Mortgage Research Center in Virginia vs the state
16.7%Denial rate+0.73 pts vs state
24.8%Decision denial rate+4.55 pts vs state
50.0%Origination rate-9.52 pts vs state
6.25%Median rate-0.38 pts vs state
-0.27Rate spread (pts)-0.49 pts vs state
$107kMedian applicant income
4,500Loans originated
1,500Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,868 | 3,117 | 13.7% | 6.75% | #9 |
| 2024 | 7,241 | 3,825 | 14.3% | 6.50% | #5 |
| 2025 | 9,000 | 4,500 | 16.7% | 6.25% | #5 |
What Mortgage Research Center lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Mortgage Research Center applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 864 | 447 | 111 | 12.8% |
| Chesapeake city | 728 | 390 | 101 | 13.9% |
| Norfolk city | 712 | 383 | 111 | 15.6% |
| Hampton city | 464 | 269 | 72 | 15.5% |
| Fairfax County | 434 | 185 | 79 | 18.2% |
| Suffolk city | 403 | 223 | 56 | 13.9% |
| Newport News city | 392 | 221 | 51 | 13.0% |
| Portsmouth city | 389 | 213 | 57 | 14.7% |
| Prince William County | 364 | 175 | 62 | 17.0% |
| Chesterfield County | 290 | 122 | 54 | 18.6% |
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% |
| 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% |
| Vanderbilt Mortgage and Finance | F | 5,850 | 40.0% | 9.25% |
Frequently asked questions
Virginia: 9,000 applications in 2025, of which 4,500 were originated and 1,500 denied.
16.7% of all applications, or 24.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Mortgage Research Center originated in Virginia in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Mortgage Research Center'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