Peoples Bank in Virginia vs the state
38.3%Denial rate+22.36 pts vs state
43.9%Decision denial rate+23.65 pts vs state
48.9%Origination rate-10.58 pts vs state
7.25%Median rate+0.63 pts vs state
0.25Rate spread (pts)+0.03 pts vs state
$83kMedian applicant income
23Loans originated
18Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 52 | 29 | 36.5% | 7.00% | #356 |
| 2024 | 56 | 26 | 42.9% | 8.06% | #351 |
| 2025 | 47 | 23 | 38.3% | 7.25% | #384 |
What Peoples Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Peoples Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Alleghany County | 18 | 10 | 7 | 38.9% |
| Richmond city | 7 | 2 | 3 | 42.9% |
| Fairfax County | 5 | 3 | 1 | 20.0% |
| Henrico County | 4 | 2 | 1 | 25.0% |
| Covington city | 3 | 0 | 3 | 100.0% |
| Roanoke County | 2 | 1 | 0 | 0.0% |
| Chesterfield County | 2 | 1 | 1 | 50.0% |
| Hampton city | 2 | 1 | 1 | 50.0% |
| Bath County | 1 | 1 | 0 | 0.0% |
| New Kent County | 1 | 1 | 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: 47 applications in 2025, of which 23 were originated and 18 denied.
38.3% of all applications, or 43.9% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Peoples Bank originated in Virginia in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Peoples Bank'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