Network Capital Funding in Virginia vs the state
15.0%Denial rate-0.98 pts vs state
55.2%Decision denial rate+34.99 pts vs state
11.0%Origination rate-48.54 pts vs state
6.25%Median rate-0.38 pts vs state
0.02Rate spread (pts)-0.20 pts vs state
$96kMedian applicant income
58Loans originated
79Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 429 | 31 | 28.7% | 6.50% | #114 |
| 2024 | 566 | 62 | 14.8% | 6.31% | #98 |
| 2025 | 528 | 58 | 15.0% | 6.25% | #112 |
What Network Capital Funding lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Network Capital Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 85 | 15 | 8 | 9.4% |
| Prince William County | 47 | 5 | 8 | 17.0% |
| Loudoun County | 31 | 3 | 9 | 29.0% |
| Chesapeake city | 23 | 4 | 1 | 4.3% |
| Virginia Beach city | 23 | 2 | 4 | 17.4% |
| Chesterfield County | 22 | 2 | 1 | 4.5% |
| Norfolk city | 17 | 4 | 4 | 23.5% |
| Stafford County | 17 | 2 | 1 | 5.9% |
| Spotsylvania County | 16 | 3 | 4 | 25.0% |
| Frederick County | 12 | 0 | 3 | 25.0% |
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: 528 applications in 2025, of which 58 were originated and 79 denied.
15.0% of all applications, or 55.2% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Network Capital Funding originated in Virginia in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Network Capital 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