Peoples Advantage Federal Credit Union · Virginia · 2025

Peoples Advantage Federal Credit Union in Virginia: approval rate, denial rate and rates (2025)

Peoples Advantage Federal Credit Union took 122 mortgage applications in Virginia in 2025, ranking #268 of 1,013 lenders active in the state. It originated 54.9% of them and denied 27.1% (33.0% of the applications it decided), against a statewide denial rate of 15.9%.

122Applicationsin VA
33.0%Decision denial ratestate 20.3%
Median ratestate 6.63%
$45,000Median loanstate $255,000
$4.2MVolume19 counties

Peoples Advantage Federal Credit Union in Virginia vs the state

27.1%Denial rate+11.11 pts vs state
33.0%Decision denial rate+12.75 pts vs state
54.9%Origination rate-4.60 pts vs state
Median rate
Rate spread (pts)
$70kMedian applicant income
67Loans originated
33Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023814421.0%#290
20241045827.9%#271
20251226727.1%#268

What Peoples Advantage Federal Credit Union lends in Virginia

By loan purpose

Home purchase 1 1% · 100.0% denied
Refinance 11 9% · 27.3% denied
Cash-out refinance 13 11% · 15.4% denied
Home improvement 59 48% · 27.1% denied
Other / HELOC 38 31% · 29.0% denied

By loan type

Conventional 122 100% · 27.1% denied

Where in Virginia

Counties with the most Peoples Advantage Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Petersburg city 25117 28.0%
Dinwiddie County 22127 31.8%
Chesterfield County 19123 15.8%
Hopewell city 1063 30.0%
Prince George County 951 11.1%
Henrico County 852 25.0%
Colonial Heights city 743 42.9%
Sussex County 642 33.3%
Richmond city 522 40.0%
Surry County 220 0.0%

Other large lenders in Virginia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 19,39519.3%7.75%
Rocket MortgageC 19,27414.8%6.63%
United Shore Financial ServicesB 13,99410.4%6.12%
Truist BankC 11,83831.6%6.49%
Mortgage Research CenterC 9,00016.7%6.25%
Pennymac Loan ServicesC 8,33410.7%6.38%
Freedom MortgageB 8,0296.5%6.25%
Bank of AmericaF 6,58431.9%6.24%
NewrezD 6,39016.4%6.38%
Movement MortgageA 6,1264.3%6.56%

Frequently asked questions

Virginia: 122 applications in 2025, of which 67 were originated and 33 denied.

27.1% of all applications, or 33.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Peoples Advantage Federal Credit Union'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