Service Federal Credit Union · Virginia · 2025

Service Federal Credit Union in Virginia: approval rate, denial rate and rates (2025)

Service Federal Credit Union took 56 mortgage applications in Virginia in 2025, ranking #360 of 1,013 lenders active in the state. It originated 44.6% of them and denied 23.2% (33.3% of the applications it decided), against a statewide denial rate of 15.9%.

56Applicationsin VA
33.3%Decision denial ratestate 20.3%
5.88%Median ratestate 6.63%
$330,000Median loanstate $255,000
$13MVolume19 counties

Service Federal Credit Union in Virginia vs the state

23.2%Denial rate+7.27 pts vs state
33.3%Decision denial rate+13.08 pts vs state
44.6%Origination rate-14.88 pts vs state
5.88%Median rate-0.75 pts vs state
-0.51Rate spread (pts)-0.73 pts vs state
$214kMedian applicant income
25Loans originated
13Denied

Trend in Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023532932.1%6.25%#354
2024391738.5%6.88%#399
2025562523.2%5.88%#360

What Service Federal Credit Union lends in Virginia

By loan purpose

Home purchase 15 27% · 6.7% denied
Refinance 13 23% · 15.4% denied
Cash-out refinance 4 7% · 50.0% denied
Home improvement 15 27% · 33.3% denied
Other / HELOC 9 16% · 33.3% denied

By loan type

Conventional 49 88% · 18.4% denied
VA 7 13% · 57.1% denied

Why it denied Virginia applicants

Debt-to-income ratio 8 62%
Insufficient cash 2 15%
Collateral 1 8%
Other 1 8%
Credit history 1 8%

Where in Virginia

Counties with the most Service Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Loudoun County 1371 7.7%
Fairfax County 822 25.0%
Prince William County 731 14.3%
Newport News city 421 25.0%
Virginia Beach city 320 0.0%
Chesterfield County 302 66.7%
Alexandria city 310 0.0%
Stafford County 330 0.0%
Isle of Wight County 211 50.0%
Craig County 101 100.0%

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: 56 applications in 2025, of which 25 were originated and 13 denied.

23.2% of all applications, or 33.3% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.

The median rate on loans Service Federal Credit Union originated in Virginia in 2025 was 5.88%, against a statewide median of 6.63%.

About this data. Figures are Service Federal Credit Union'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