PNC Bank in Virginia vs the state
25.6%Denial rate+9.63 pts vs state
30.6%Decision denial rate+10.36 pts vs state
55.7%Origination rate-3.82 pts vs state
7.43%Median rate+0.80 pts vs state
0.33Rate spread (pts)+0.11 pts vs state
$137kMedian applicant income
1,721Loans originated
790Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,356 | 1,639 | 28.0% | 8.85% | #17 |
| 2024 | 2,787 | 1,354 | 30.3% | 8.99% | #25 |
| 2025 | 3,090 | 1,721 | 25.6% | 7.43% | #28 |
What PNC Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most PNC Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 786 | 449 | 193 | 24.6% |
| Prince William County | 359 | 197 | 90 | 25.1% |
| Loudoun County | 342 | 207 | 89 | 26.0% |
| Spotsylvania County | 162 | 103 | 37 | 22.8% |
| Virginia Beach city | 138 | 66 | 41 | 29.7% |
| Stafford County | 106 | 61 | 23 | 21.7% |
| Alexandria city | 92 | 60 | 16 | 17.4% |
| Fauquier County | 71 | 39 | 19 | 26.8% |
| Arlington County | 71 | 45 | 10 | 14.1% |
| Chesterfield County | 70 | 45 | 16 | 22.9% |
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: 3,090 applications in 2025, of which 1,721 were originated and 790 denied.
25.6% of all applications, or 30.6% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans PNC Bank originated in Virginia in 2025 was 7.43%, against a statewide median of 6.63%.
About this data. Figures are PNC 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