New Wave Lending Group in Virginia vs the state
0.8%Denial rate-15.13 pts vs state
1.3%Decision denial rate-18.98 pts vs state
59.7%Origination rate+0.16 pts vs state
7.00%Median rate+0.38 pts vs state
0.71Rate spread (pts)+0.49 pts vs state
$123kMedian applicant income
74Loans originated
1Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 30 | 23 | 3.3% | 7.88% | #428 |
| 2024 | 104 | 72 | 1.0% | 7.19% | #272 |
| 2025 | 124 | 74 | 0.8% | 7.00% | #263 |
What New Wave Lending Group lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most New Wave Lending Group applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 30 | 15 | 0 | 0.0% |
| Virginia Beach city | 25 | 16 | 0 | 0.0% |
| Prince William County | 18 | 12 | 0 | 0.0% |
| Manassas city | 7 | 4 | 0 | 0.0% |
| Loudoun County | 6 | 4 | 0 | 0.0% |
| Henrico County | 4 | 2 | 0 | 0.0% |
| Chesapeake city | 4 | 3 | 0 | 0.0% |
| Spotsylvania County | 3 | 3 | 0 | 0.0% |
| Fairfax city | 3 | 1 | 0 | 0.0% |
| York County | 2 | 2 | 0 | 0.0% |
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: 124 applications in 2025, of which 74 were originated and 1 denied.
0.8% of all applications, or 1.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans New Wave Lending Group originated in Virginia in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are New Wave Lending Group'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