Pennymac Loan Services in Virginia vs the state
10.7%Denial rate-5.26 pts vs state
16.3%Decision denial rate-3.96 pts vs state
52.1%Origination rate-7.47 pts vs state
6.38%Median rate-0.25 pts vs state
0.25Rate spread (pts)+0.02 pts vs state
$127kMedian applicant income
4,338Loans originated
890Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,961 | 1,804 | 13.7% | 6.50% | #13 |
| 2024 | 5,990 | 2,959 | 11.9% | 6.25% | #9 |
| 2025 | 8,334 | 4,338 | 10.7% | 6.38% | #6 |
What Pennymac Loan Services lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 844 | 496 | 64 | 7.6% |
| Prince William County | 540 | 278 | 73 | 13.5% |
| Virginia Beach city | 532 | 279 | 49 | 9.2% |
| Chesterfield County | 517 | 274 | 55 | 10.6% |
| Loudoun County | 493 | 260 | 53 | 10.8% |
| Henrico County | 360 | 194 | 34 | 9.4% |
| Chesapeake city | 360 | 191 | 34 | 9.4% |
| Norfolk city | 261 | 109 | 28 | 10.7% |
| Stafford County | 252 | 131 | 29 | 11.5% |
| Hampton city | 203 | 94 | 21 | 10.3% |
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% |
| 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% |
| Vanderbilt Mortgage and Finance | F | 5,850 | 40.0% | 9.25% |
Frequently asked questions
Virginia: 8,334 applications in 2025, of which 4,338 were originated and 890 denied.
10.7% of all applications, or 16.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Pennymac Loan Services originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services'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