Navy Federal Credit Union in Virginia vs the state
19.3%Denial rate+3.36 pts vs state
27.5%Decision denial rate+7.24 pts vs state
49.9%Origination rate-9.59 pts vs state
7.75%Median rate+1.13 pts vs state
1.00Rate spread (pts)+0.78 pts vs state
$138kMedian applicant income
9,684Loans originated
3,744Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 17,920 | 8,549 | 25.2% | 8.00% | #1 |
| 2024 | 19,363 | 9,959 | 19.8% | 8.50% | #1 |
| 2025 | 19,395 | 9,684 | 19.3% | 7.75% | #1 |
What Navy Federal Credit Union lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 2,488 | 1,251 | 423 | 17.0% |
| Virginia Beach city | 2,386 | 1,186 | 499 | 20.9% |
| Prince William County | 1,725 | 887 | 323 | 18.7% |
| Chesapeake city | 1,476 | 753 | 289 | 19.6% |
| Loudoun County | 1,179 | 645 | 183 | 15.5% |
| Norfolk city | 875 | 371 | 213 | 24.3% |
| Stafford County | 853 | 433 | 186 | 21.8% |
| Spotsylvania County | 664 | 363 | 122 | 18.4% |
| Chesterfield County | 627 | 319 | 96 | 15.3% |
| Suffolk city | 516 | 249 | 109 | 21.1% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| 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% |
| Vanderbilt Mortgage and Finance | F | 5,850 | 40.0% | 9.25% |
Frequently asked questions
Virginia: 19,395 applications in 2025, of which 9,684 were originated and 3,744 denied.
19.3% of all applications, or 27.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Navy Federal Credit Union originated in Virginia in 2025 was 7.75%, against a statewide median of 6.63%.
About this data. Figures are Navy Federal Credit Union'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