New Day Financial in Virginia vs the state
24.7%Denial rate+8.78 pts vs state
54.1%Decision denial rate+33.85 pts vs state
19.7%Origination rate-39.87 pts vs state
6.99%Median rate+0.37 pts vs state
0.80Rate spread (pts)+0.58 pts vs state
$84kMedian applicant income
372Loans originated
468Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,410 | 254 | 21.4% | 7.49% | #46 |
| 2024 | 1,812 | 285 | 23.9% | 7.63% | #43 |
| 2025 | 1,893 | 372 | 24.7% | 6.99% | #44 |
What New Day Financial lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most New Day Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 137 | 30 | 35 | 25.5% |
| Chesterfield County | 106 | 21 | 22 | 20.8% |
| Chesapeake city | 103 | 25 | 26 | 25.2% |
| Prince William County | 91 | 19 | 22 | 24.2% |
| Hampton city | 87 | 23 | 25 | 28.7% |
| Fairfax County | 79 | 12 | 17 | 21.5% |
| Norfolk city | 77 | 11 | 13 | 16.9% |
| Stafford County | 62 | 13 | 13 | 21.0% |
| Newport News city | 58 | 11 | 10 | 17.2% |
| Suffolk city | 57 | 14 | 18 | 31.6% |
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% |
| 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: 1,893 applications in 2025, of which 372 were originated and 468 denied.
24.7% of all applications, or 54.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans New Day Financial originated in Virginia in 2025 was 6.99%, against a statewide median of 6.63%.
About this data. Figures are New Day Financial'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