Newrez in Virginia vs the state
16.4%Denial rate+0.46 pts vs state
31.8%Decision denial rate+11.54 pts vs state
34.0%Origination rate-25.48 pts vs state
6.38%Median rate-0.25 pts vs state
0.19Rate spread (pts)-0.03 pts vs state
$110kMedian applicant income
2,175Loans originated
1,048Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,686 | 1,000 | 17.5% | 6.75% | #22 |
| 2024 | 4,882 | 1,885 | 16.3% | 6.63% | #13 |
| 2025 | 6,390 | 2,175 | 16.4% | 6.38% | #9 |
What Newrez lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 565 | 188 | 86 | 15.2% |
| Virginia Beach city | 520 | 202 | 79 | 15.2% |
| Prince William County | 439 | 129 | 74 | 16.9% |
| Chesterfield County | 366 | 141 | 55 | 15.0% |
| Chesapeake city | 361 | 141 | 38 | 10.5% |
| Loudoun County | 281 | 100 | 34 | 12.1% |
| Norfolk city | 252 | 100 | 47 | 18.7% |
| Henrico County | 246 | 70 | 57 | 23.2% |
| Suffolk city | 192 | 57 | 24 | 12.5% |
| Spotsylvania County | 170 | 57 | 31 | 18.2% |
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% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
| Vanderbilt Mortgage and Finance | F | 5,850 | 40.0% | 9.25% |
Frequently asked questions
Virginia: 6,390 applications in 2025, of which 2,175 were originated and 1,048 denied.
16.4% of all applications, or 31.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Newrez originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Newrez'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