Nqm Funding in Virginia vs the state
22.2%Denial rate+6.28 pts vs state
24.5%Decision denial rate+4.24 pts vs state
55.6%Origination rate-3.96 pts vs state
7.19%Median rate+0.56 pts vs state
0.88Rate spread (pts)+0.66 pts vs state
$212kMedian applicant income
30Loans originated
12Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 34 | 20 | 20.6% | 8.38% | #408 |
| 2024 | 41 | 28 | 24.4% | 8.62% | #391 |
| 2025 | 54 | 30 | 22.2% | 7.19% | #368 |
What Nqm Funding lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 9 | 3 | 3 | 33.3% |
| Virginia Beach city | 7 | 6 | 0 | 0.0% |
| Loudoun County | 5 | 4 | 0 | 0.0% |
| Stafford County | 3 | 2 | 0 | 0.0% |
| Prince William County | 3 | 3 | 0 | 0.0% |
| Roanoke County | 3 | 1 | 1 | 33.3% |
| Hanover County | 2 | 1 | 0 | 0.0% |
| Spotsylvania County | 2 | 2 | 0 | 0.0% |
| Chesapeake city | 2 | 0 | 2 | 100.0% |
| Chesterfield 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: 54 applications in 2025, of which 30 were originated and 12 denied.
22.2% of all applications, or 24.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Nqm Funding originated in Virginia in 2025 was 7.19%, against a statewide median of 6.63%.
About this data. Figures are Nqm 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