Provident Funding Associates · Virginia · 2025

Provident Funding Associates in Virginia: approval rate, denial rate and rates (2025)

Provident Funding Associates took 591 mortgage applications in Virginia in 2025, ranking #103 of 1,013 lenders active in the state. It originated 67.2% of them and denied 6.4% (8.7% of the applications it decided), against a statewide denial rate of 15.9%.

591Applicationsin VA
8.7%Decision denial ratestate 20.3%
6.38%Median ratestate 6.63%
$455,000Median loanstate $255,000
$189MVolume64 counties

Provident Funding Associates in Virginia vs the state

6.4%Denial rate-9.51 pts vs state
8.7%Decision denial rate-11.59 pts vs state
67.2%Origination rate+7.65 pts vs state
6.38%Median rate-0.25 pts vs state
-0.16Rate spread (pts)-0.38 pts vs state
$153kMedian applicant income
397Loans originated
38Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234633005.4%6.38%#109
20245503366.0%6.38%#99
20255913976.4%6.38%#103

What Provident Funding Associates lends in Virginia

By loan purpose

Home purchase 433 73% · 4.6% denied
Refinance 131 22% · 8.4% denied
Cash-out refinance 27 5% · 25.9% denied

By loan type

Conventional 591 100% · 6.4% denied

Why it denied Virginia applicants

Debt-to-income ratio 14 37%
Credit history 10 26%
Collateral 9 24%
Employment history 2 5%
Other 2 5%
Unverifiable information 1 3%

Where in Virginia

Counties with the most Provident Funding Associates applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Fairfax County 120905 4.2%
Prince William County 70464 5.7%
Henrico County 63463 4.8%
Loudoun County 58335 8.6%
Chesterfield County 55351 1.8%
Richmond city 23180 0.0%
Virginia Beach city 21133 14.3%
Bedford County 1472 14.3%
Lynchburg city 14120 0.0%
Hanover County 1090 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: 591 applications in 2025, of which 397 were originated and 38 denied.

6.4% of all applications, or 8.7% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Provident Funding Associates originated in Virginia in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are Provident Funding Associates'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