NFM in Virginia vs the state
1.5%Denial rate-14.43 pts vs state
1.8%Decision denial rate-18.46 pts vs state
82.5%Origination rate+22.97 pts vs state
6.63%Median rate0.00 pts vs state
0.31Rate spread (pts)+0.09 pts vs state
$137kMedian applicant income
1,310Loans originated
24Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,992 | 1,582 | 1.8% | 6.88% | #36 |
| 2024 | 1,746 | 1,466 | 1.0% | 6.88% | #45 |
| 2025 | 1,588 | 1,310 | 1.5% | 6.63% | #55 |
What NFM lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 174 | 148 | 4 | 2.3% |
| Loudoun County | 150 | 136 | 1 | 0.7% |
| Prince William County | 124 | 98 | 3 | 2.4% |
| Chesterfield County | 115 | 102 | 1 | 0.9% |
| Henrico County | 111 | 100 | 0 | 0.0% |
| Richmond city | 83 | 71 | 0 | 0.0% |
| Culpeper County | 53 | 42 | 1 | 1.9% |
| Spotsylvania County | 52 | 42 | 1 | 1.9% |
| Hanover County | 49 | 41 | 2 | 4.1% |
| Stafford County | 37 | 31 | 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: 1,588 applications in 2025, of which 1,310 were originated and 24 denied.
1.5% of all applications, or 1.8% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans NFM originated in Virginia in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are NFM'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