Planet Home Lending in Virginia vs the state
14.0%Denial rate-1.93 pts vs state
14.7%Decision denial rate-5.57 pts vs state
79.8%Origination rate+20.28 pts vs state
5.99%Median rate-0.63 pts vs state
-0.32Rate spread (pts)-0.54 pts vs state
$105kMedian applicant income
490Loans originated
86Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 265 | 178 | 24.9% | 6.50% | #161 |
| 2024 | 459 | 369 | 15.0% | 5.99% | #115 |
| 2025 | 614 | 490 | 14.0% | 5.99% | #99 |
What Planet Home Lending lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Virginia Beach city | 45 | 37 | 3 | 6.7% |
| Prince William County | 36 | 30 | 4 | 11.1% |
| Chesapeake city | 35 | 33 | 1 | 2.9% |
| Spotsylvania County | 27 | 19 | 5 | 18.5% |
| Stafford County | 27 | 23 | 3 | 11.1% |
| Chesterfield County | 26 | 20 | 5 | 19.2% |
| Hampton city | 25 | 20 | 4 | 16.0% |
| Norfolk city | 23 | 20 | 2 | 8.7% |
| Fairfax County | 22 | 18 | 4 | 18.2% |
| Henrico County | 22 | 15 | 5 | 22.7% |
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: 614 applications in 2025, of which 490 were originated and 86 denied.
14.0% of all applications, or 14.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Planet Home Lending originated in Virginia in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Planet Home Lending'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