PHH Mortgage in Virginia vs the state
5.9%Denial rate-10.09 pts vs state
10.7%Decision denial rate-9.57 pts vs state
47.2%Origination rate-12.31 pts vs state
6.38%Median rate-0.25 pts vs state
-0.01Rate spread (pts)-0.23 pts vs state
$109kMedian applicant income
355Loans originated
44Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 200 | 64 | 28.5% | 6.88% | #188 |
| 2024 | 470 | 158 | 11.7% | 6.49% | #114 |
| 2025 | 752 | 355 | 5.9% | 6.38% | #94 |
What PHH Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most PHH Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 81 | 36 | 3 | 3.7% |
| Loudoun County | 73 | 16 | 1 | 1.4% |
| Chesterfield County | 49 | 28 | 4 | 8.2% |
| Prince William County | 42 | 15 | 3 | 7.1% |
| Henrico County | 41 | 25 | 1 | 2.4% |
| Virginia Beach city | 36 | 15 | 2 | 5.6% |
| Richmond city | 29 | 19 | 4 | 13.8% |
| Chesapeake city | 25 | 12 | 1 | 4.0% |
| Stafford County | 18 | 7 | 0 | 0.0% |
| Alexandria city | 17 | 4 | 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: 752 applications in 2025, of which 355 were originated and 44 denied.
5.9% of all applications, or 10.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans PHH Mortgage originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are PHH Mortgage'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